Obsidian Energy Ltd. (OBE)
Obsidian Energy Ltd. reported revenue of CA$599.8M in fiscal 2025, down 26.6% from a year earlier. Net income was CA$35.2M, a net margin of 5.9%. In fiscal 2025 capital spending exceeded operating cash flow by CA$59.1M. Its latest periodic report to the SEC is the annual report (Canadian issuer) (40-F) filed on February 19, 2026.
Key facts about Obsidian Energy Ltd.
- Net worth
- Obsidian Energy Ltd. has a market value (market cap) of $615.2M at the latest share price, and shareholders' equity of CA$1.4B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was CA$599.8M (-26.6% year on year), with net income of CA$35.2M.
- Cash flow
- In fiscal 2025 operations brought in CA$239.8M of cash; after CA$298.9M of capital spending, free cash flow was -CA$59.1M.
- Latest report
- The latest periodic report (annual report (Canadian issuer), 40-F) was filed with the SEC on February 19, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR
What Obsidian Energy Ltd. does
Obsidian Energy Ltd. is registered with the SEC under industry code SIC 1311 (Crude Petroleum & Natural Gas). Its shares trade on NYSE under the ticker OBE.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | CA$599.8M | CA$35.2M | CA$0.49 | -CA$59.1M |
| 2024 | CA$817.5M | -CA$202.6M | -CA$2.67 | CA$18.8M |
| 2023 | CA$720.6M | CA$108M | CA$1.28 | CA$60.2M |
| 2022 | CA$897.3M | CA$810.1M | CA$9.60 | CA$142M |
| 2021 | CA$477.5M | CA$414M | CA$5.34 | CA$57.8M |
| 2020 | CA$309.7M | -CA$771.7M | -CA$10.53 | CA$22.2M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where OBE ranks in Energy
Latest SEC filings
What Obsidian Energy Ltd. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 5, 2026
- September 23, 2026
- September 14, 2026
- August 7, 2026Activist stake changed SCHEDULE 13D/A
- July 30, 2026
- July 22, 2026
- July 15, 2026
- July 10, 2026
- July 2, 2026
- June 23, 2026
Insider trades
What the people running Obsidian Energy Ltd. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
Who owns OBE
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Edward H. Kernaghan13D, may seek influence with 5 related filers | 6.2% | August 7, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 104 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Royal Bank of Canada | 4,439,794 | -4,622 |
| Arrowstreet Capital, Limited Partnership | 3,149,276 | +153,109 |
| Two Sigma Investments, LP | 2,350,583 | +743,388 |
| Pembroke Management, LTD | 1,980,528 | +1,341,111 |
| Dimensional Fund Advisors LP | 1,406,910 | +36,962 |
| American Century Companies Inc | 1,353,208 | +195,077 |
| Bank of Montreal | 1,169,592 | +777,678 |
| D. E. Shaw & Co., Inc. | 1,137,100 | +131,300 |
| Morgan Stanley | 1,060,450 | +546,758 |
| Bank of America Corp | 956,632 | +314,311 |
| First Trust Advisors LP | 639,226 | +285,991 |
| Citadel Advisors LLC | 553,467 | -20,190 |
| Connor, Clark & Lunn Investment Management Ltd. | 530,794 | -414,358 |
| Millennium Management LLC | 377,546 | +58,600 |
| Goldman Sachs Group Inc | 377,796 | -58,013 |
| Jane Street Group, LLC | 314,500 | +192,270 |
| Tudor Investment Corp ET AL | 285,961 | +258,339 |
| Toronto Dominion Bank | 246,576 | +83,983 |
| Point72 Asset Management, L.P. | 240,089 | +29,093 |
| Raymond James Financial Inc | 214,903 | -53,346 |
Insiders
Questions about OBE
What does Obsidian Energy Ltd. do?
Obsidian Energy Ltd. is a company in the Energy sector, listed on NYSE as OBE. Its shares trade on NYSE under the ticker OBE.
What is Obsidian Energy Ltd.'s net worth?
Obsidian Energy Ltd. has a market value (market cap) of $615.2M at the latest share price, and shareholders' equity of CA$1.4B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Obsidian Energy Ltd. profitable?
Yes. In fiscal 2025 it reported net income of CA$35.2M on revenue of CA$599.8M, a net margin of 5.9%.
How much revenue does Obsidian Energy Ltd. make?
In fiscal 2025 Obsidian Energy Ltd. reported revenue of CA$599.8M. That is 26.6% less than a year earlier.
When did Obsidian Energy Ltd. last report?
Its most recent periodic report is the annual report (Canadian issuer) (40-F) filed on February 19, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the foreign issuer update from November 5, 2026.
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Where the numbers come from
Financial figures are the values Obsidian Energy Ltd. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.