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Financial statements

OBSIDIAN ENERGY LTD. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data OBSIDIAN ENERGY LTD. files with the SEC in its annual reports.

In CAD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue575444419409310478897721818600
Selling, general and administrative5631242013.915.318.41920.520.6
Interest expense114232140.637.245.444.949.352.242.1
Interest income2.50.3
Pre-tax income-948-97-305-788-772414564144-26547
Income tax-256-26
Net income-696-84-305-788-772414810108-20335.2
EPS, basic-9.78-1.20-4.22-10.82-10.535.529.881.33-2.670.51
EPS, diluted-9.78-1.20-4.22-10.82-10.535.349.601.28-2.670.49

Balance sheet

FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents1120.438.17.30.80.5
Receivables1221065365.640.868.982.6708856.1
Total current assets3411897617058.987.110094.649290.1
Property, plant and equipment2,9822,8192,5741,7059051,3421,8581,9441,3491,495
Lease right-of-use assets025.79.585.37.25.418.3
Total assets3,3393,0082,6501,9059641,4292,2042,2502,1151,855
Accounts payable17514914311174.1108186194176155
Total current liabilities344286190604548531223230275168
Lease liabilities855.64.62.86.14.516.2
Total liabilities1,092842782812641666625607709463
Total debt469359419461452392233225339184
Retained earnings-6,847-111-416-1,196-1,968-1,554-743-635-838-803
Total equity2,2472,1661,8771,0933237641,5801,6441,4061,392
Total liabilities and equity3,3393,0082,6501,9059641,4292,2042,2502,1151,855

Cash flow statement

FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income-696-84-305-788-772414810108-20335.2
Cash from operations-1371259976.879.4199457353362240
Capital expenditures-82-141-168-103-57.2-141-315-293-343-299
Cash from investing1,310-34-161-101-66.2-157-291-294-431-17.2
Debt issued5.4
Debt repaid-5.4-71.60-500
Stock issued1-424.20
Share buybacks0-47.4-41.7-54.9
Cash from financing-1,164-1006026.9-8.1-42.9-173-59.467.6-223
Net change in cash9-9-22.65.1-0.8-6.5-0.3-10.1
Free cash flow-219-16-69-26.422.257.814260.218.8-59.1

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. No valuation: the share price is quoted in a different currency than the statements.

Profitability

MetricValueHow it is calculated
Pre-tax margin7.8%Pre-tax income / revenue.
Net margin5.9%Net income / revenue.
FCF margin-9.9%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin40.0%Cash from operations / revenue.
Return on assets (ROA)1.8%Net income / average total assets.
SG&A / revenue3.4%Selling, general and administrative expense / revenue.
Capex / revenue49.8%Capital expenditures / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-26.6%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y-12.6%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y14.1%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income CAGR, 3y-64.8%Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 3y-62.9%Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y-33.7%Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y-19.3%Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y24.7%Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y-414.4%Free cash flow vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y-12.3%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-5.6%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y14.0%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

MetricValueHow it is calculated
Current ratio0.54xCurrent assets / current liabilities.
Debt / assets9.9%Total debt / total assets.
Liabilities / assets25.0%Total liabilities / total assets.
Working capital-CA$77.5MCurrent assets - current liabilities.

Efficiency

MetricValueHow it is calculated
Asset turnover0.30xRevenue / average total assets.
Fixed asset turnover0.42xRevenue / average property, plant and equipment.
Receivables turnover8.32xRevenue / average receivables.
Days sales outstanding44 days365 x average receivables / revenue.
FCF conversion-167.9%Free cash flow / net income, when net income is positive.
Capex / operating cash flow124.6%Capital expenditures / cash from operations, when that is positive.

Per share

MetricValueHow it is calculated
EPS, dilutedCA$0.49Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basicCA$0.51Net income per basic share, as reported (split-adjusted).
What was OBSIDIAN ENERGY LTD.'s revenue in fiscal 2025?

OBSIDIAN ENERGY LTD. reported revenue of CA$599.8M for fiscal 2025, 26.6% lower than the year before.

Was OBSIDIAN ENERGY LTD. profitable in fiscal 2025?

Yes. Net income was CA$35.2M, a net margin of 5.9%.

How much free cash flow did OBSIDIAN ENERGY LTD. generate in fiscal 2025?

Cash from operations of CA$239.8M minus capital expenditures of CA$298.9M left free cash flow of -CA$59.1M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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