Obsidian Energy (OBE) Financial Statements & Analysis

Obsidian Energy (OBE) Income Statement

Obsidian Energy reported revenue of CAD 540.80M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 35.4% from CAD 837.70M a year earlier. Net income was CAD 35.20M, a net margin of 6.5%. Gross margin was 20.0% and operating margin 14.1%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was CAD 176.10M, up 41.7% from the same quarter a year earlier.

Obsidian Energy Income Statement Analysis

Values in billions CAD

Income Statement Balance Sheet Cash Flow Ratios

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Obsidian Energy Ltd. income statement - Annual data in billions CAD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	0.54	0.84	0.75	0.92	0.50	0.29	0.42	0.44	0.44
Cost of Revenue	0.43	0.78	0.32	0.22	-0.14	1.04	0.95	0.61	0.53
Gross Profit	0.11	0.06	0.43	0.70	0.63	0.00	-0.53	-0.16	-0.09
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	0.03	0.03	0.04	0.05	0.03	0.03	0.06	0.07	0.07
Operating Expenses	0.03	0.31	0.28	0.08	0.18	0.02	0.19	0.06	0.06
Operating Income	0.08	-0.25	0.15	0.62	0.46	-0.77	-0.72	-0.22	-0.15
Other Income/Expense
Interest Income	0.00	0.00	0.00	0.00	0.00	0.01	0.00	0.00	0.00
Interest Expense	0.03	0.04	0.03	0.03	0.03	0.04	0.04	0.02	0.02
Other Income/Expense	-0.03	-0.02	0.03	-0.05	0.00	-0.77	-0.07	-0.08	0.06
Income
Income Before Tax	0.05	-0.27	0.14	0.56	0.41	-0.77	-0.79	-0.31	-0.10
Income Tax Expense	0.01	-0.06	0.04	-0.25	0.00	0.00	0.00	0.00	-0.01
Net Income	0.04	-0.20	0.11	0.81	0.41	-0.77	-0.79	-0.31	-0.08
Net Income - Continuous Operations	0.04	-0.20	0.11	0.81	0.41	-0.77	-0.79	-0.31	-0.08
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	0.27	0.03	0.38	0.78	0.44	-0.60	0.16	0.13	0.23
EBIT	0.07	-0.23	0.17	0.60	0.44	-	-	-	-
Depreciation & Amortization	0.19	0.26	0.21	0.19	-0.20	0.13	0.91	0.30	0.30
Earnings Per Share
Basic EPS	1.00	-3.00	1.00	10.00	6.00	-11.00	-11.00	-4.00	-1.00
Diluted EPS	-	-3.00	1.00	10.00	5.00	-11.00	-11.00	-4.00	-1.00
Basic Shares Outstanding	0.07	0.08	0.08	0.08	0.08	0.07	0.07	0.07	0.07
Diluted Shares Outstanding	0.07	0.08	0.08	0.08	0.08	0.07	0.07	0.07	0.07

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Obsidian Energy Financial Statements

What was Obsidian Energy's revenue in fiscal 2025?

Obsidian Energy reported revenue of CAD 540.80M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 35.4% from CAD 837.70M a year earlier.

Is Obsidian Energy profitable?

Yes. Obsidian Energy earned net income of CAD 35.20M in fiscal 2025, a net margin of 6.5%. In fiscal 2024 it lost CAD 202.60M.

What is Obsidian Energy's operating margin?

Obsidian Energy's operating income was CAD 76.00M on revenue of CAD 540.80M in fiscal 2025, an operating margin of 14.1%, compared with -29.8% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition