Obsidian Energy
Produces heavy and light oil, natural-gas liquids, and natural gas from Alberta fields.
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Profile
Produces and sells oil, natural-gas liquids, and natural gas from an Alberta-only portfolio. Revenue is tied to commodity indices, with realized prices shaped by product quality, delivery location, and transportation; Peace River heavy oil and Willesden Green light oil are the main operating platforms.
Explores for, develops, and produces heavy and light oil, natural-gas liquids, and natural gas across Alberta. Revenue comes principally from commodity sales, with contract prices indexed to market benchmarks and adjusted for product quality and delivery location.
Operates two main platforms: cold-flow heavy-oil development in Peace River and stacked light-oil development in Willesden Green, alongside a smaller Alberta Viking position and a non-operated Cardium interest. Drilling spans Clearwater, Bluesky, Cardium, Belly River, and Mannville targets.
Executes through technical and commercial decisions, production marketing, repeated drilling, and waterflood work. Results depend on commodity prices, quality and location differentials, transportation, Alberta approvals and land access, third-party infrastructure, the non-operated unit's operator, reserve estimates, and continuing decommissioning obligations.
Company facts
Key statistics
Year to date +81.1% · Average volume (30d) 827.8K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | $0.25 | $0.44 | +73.5% | $87.2M | $124.0M | +42.1% | +3.36% |
| May 7, 2026Q1 FY26 | $0.07 | −$0.20 | −392.8% | — | $107.0M | — | −2.66% |
| Feb 19, 2026Q4 FY25 | $0.10 | −$0.13 | −227.6% | $108.6M | $90.2M | −16.9% | +4.21% |
| Oct 30, 2025Q3 FY25 | $0.20 | $0.17 | −13.9% | $93.8M | $92.5M | −1.4% | +0.18% |
Financial highlights
| 11 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $93.7M | $65.7M | $59.0M | $60.1M | $71.6M | $89.2M | |
| Gross profit | $25.0M | $4.3M | $7.4M | $19.2M | $18.3M | $36.4M | |
| Operating income | $20.8M | $1.7M | $1.2M | $15.6M | $15.4M | $29.3M | |
| Net income | $7.7M | $8.1M | $8.7M | −$6.4M | −$9.7M | $21.3M | |
| Diluted EPS | $0.10 | $0.11 | $0.13 | −$0.09 | −$0.14 | $0.31 | |
| Gross margin | 26.7% | 6.5% | 12.6% | 32.0% | 25.6% | 40.8% | |
| Operating margin | 22.2% | 2.7% | 2.0% | 26.0% | 21.4% | 32.9% |
Fiscal years (4-quarter sums)FY24 $381.5M · FY25 $278.5M
Revenue by product · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $143.9K · Total debt $269.5M · Total assets $1.47B · Shareholders' equity $1.01B
Dividends
No dividends on record.
Ownership
Shares outstanding 66.78M · Float 59.31M · 88.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Stephen Loukas | 5.51M | 7.30% | 13D | Nov 7, 2024 |
| Royal Bank of Canada | 4.44M | 6.65% | 13F | Aug 14, 2026 |
| Edward H. Kernaghan | 4.17M | 6.20% | 13D | Aug 7, 2026 |
| Arrowstreet Capital, Limited Partnership | 3.15M | 4.72% | 13F | Aug 13, 2026 |
| Acadian Asset Management LLC | 2.42M | 3.62% | 13F | Aug 13, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Baytex Energy
Largest direct rival in Peace River Bluesky and Clearwater heavy oil.
- Tennessee Valley Authority PARRS A 2029
Pure-play Clearwater rival for Alberta heavy-oil acreage and waterfloods.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Obsidian Energy | $11.43 | +0.35% | $759.9M | 56.5 | 9.6 | 2.7 | +23.7% |
| Baytex Energy | $4.70 | −0.84% | $3.56B | — | 13.1 | 13.5 | −30.8% |
| Tennessee Valley Authority PARRS A 2029 | $23.51 | −0.23% | $12.3M | — | — | 0.0 | — |
| Median | — | 13.1 | 6.8 | −30.8% |