The earnings call reflects a strategic shift towards focusing on core assets and improving financial stability through asset sales and debt reduction. While there are notable achievements in production growth and liquidity, challenges persist with higher operating costs and some suboptimal exploration results.

Company Guidance -

Q3 2025

In the first quarter of 2025, Obsidian Energy provided guidance on several key metrics. The company estimated its second quarter production midpoint at approximately 29,200 BOEs per day, following the sale of its Pembina assets. Obsidian Energy's production mix consists of about 72% oil and liquids, with a forecasted net debt of approximately $255 million, translating to a net debt to FFO ratio of 1.1x by the end of the second quarter. The company has approximately 71 million shares outstanding, equating to a market capitalization of around $385 million. Obsidian Energy continues to focus on delivering shareholder returns through production growth, share buybacks, and debt reduction, utilizing free cash flow from light oil assets to invest in the Peace River asset. The strategic advantages include a high-quality asset base with stable production and significant growth potential, particularly in the Peace River area, where an initial waterflood project has commenced. The company also highlighted its strong balance sheet, ample liquidity, and commitment to maintaining high health and safety standards.

Successful Pembina Asset Sale

Obsidian Energy closed the sale of its Pembina assets for a total consideration of $320 million, consisting of $211 million in cash and 9.1 million shares of in-play, plus a 34.6% working interest in Willesden Green Unit #2.

Increased Focus on Core Assets

Post-transaction, Obsidian Energy is focusing on its Peace River heavy oil and Willesden Green light oil assets, with optionality in Viking assets.

Production Growth

Q1 production was 38,400 BOEs per day, up 12% over Q1 last year, driven by heavy oil from the Peace River program.

Debt Reduction and Liquidity

Forecasted net debt of approximately $255 million by the end of Q2, with a net debt to FFO ratio of about 1.1x. The company has significant liquidity with $200 million available on its credit facility.

Share Buyback Program

Repurchased 3.5 million shares for $24.5 million through May 6, demonstrating commitment to returning capital to shareholders.

Obsidian Energy (TSE:OBE) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:OBE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	- / -	0.42	―	―	―
Jul 30, 2025	2025 (Q2)	0.23 / 0.21	0.46	-54.35% (-0.25)		―
May 07, 2025	2025 (Q1)	-1.84 / 0.20	0.15	33.33% (+0.05)	―	―
Feb 25, 2025	2024 (Q4)	0.74 / 0.74	0.42	77.38% (+0.33)	―	―
Oct 31, 2024	2024 (Q3)	1.06 / 0.42	0.3	40.00% (+0.12)	―	―
Aug 01, 2024	2024 (Q2)	0.41 / 0.46	0.22	109.09% (+0.24)	―	―
May 02, 2024	2024 (Q1)	0.35 / 0.15	0.36	-58.33% (-0.21)	―	―
Feb 22, 2024	2023 (Q4)	0.33 / 0.42	7.47	-94.38% (-7.05)	―	―
Nov 09, 2023	2023 (Q3)	0.35 / 0.30	0.48	-37.50% (-0.18)	―	―
Aug 02, 2023	2023 (Q2)	0.25 / 0.22	1.35	-83.70% (-1.13)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TSE:OBE Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	C$8.57	C$8.66	+1.05%
May 07, 2025	C$5.58	C$5.65	+1.25%
Feb 25, 2025	C$8.32	C$7.41	-10.94%
Oct 31, 2024	C$7.98	C$7.90	-1.00%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Obsidian Energy (TSE:OBE) report earnings?

Obsidian Energy (TSE:OBE) is schdueled to report earning on Oct 30, 2025, Before Open (Confirmed).

What is Obsidian Energy (TSE:OBE) earnings time?

Obsidian Energy (TSE:OBE) earnings time is at Oct 30, 2025, Before Open (Confirmed).

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