Research analysts who have asked questions during OBSIDIAN ENERGY earnings calls.
Recent press releases and 8-K filings for OBE.
Obsidian Energy Announces Strong 2025 Reserves Results
OBE
New Projects/Investments
Guidance Update
M&A
- Obsidian Energy reported strong reserve replacement for 2025, achieving 118% on a proved developed producing (PDP) basis, 185% on a proved (1P) basis, and 235% on a proved plus probable (2P) reserves basis, all adjusted for dispositions.
- The disposition of the Pembina asset in April 2025, which represented approximately 35% of the Company's reserve volumes, significantly reduced corporate decommissioning liabilities by over half and improved the balance sheet.
- The before-tax net present value discounted at 10% (NPV10) as of December 31, 2025, was $961 million for PDP, $1,446 million for 1P, and $2,103 million for 2P.
- Future Development Capital (FDC) is moderated, with a five-year program anticipated to generate approximately $243 million per year on a 2P reserve basis.
- Finding & Development (F&D) costs were $25.70/boe for PDP, $19.44/boe for 1P, and $20.68/boe for 2P, resulting in recycle ratios of 1.1x for PDP, 1.4x for 1P, and 1.3x for 2P.
1 day ago
Obsidian Energy Announces 2026 Guidance and Operational Update
OBE
Guidance Update
New Projects/Investments
Share Buyback
- Obsidian Energy Ltd. announced its 2026 capital budget guidance of $190 to $230 million and production guidance of 27,900 to 29,900 boe/d (73% liquids).
- The company forecasts Funds Flow from Operations (FFO) of $225 million and Free Cash Flow (FCF) of $7 million for 2026, based on WTI assumptions of US$58.00/bbl in H1 2026 and US$62.00/bbl in H2 2026.
- The 2026 capital program, which includes $22 million for waterflood initiatives in Peace River, is designed to advance both light and heavy oil assets, maximize the 2026 production exit rate, and offers flexibility to scale based on commodity prices.
- Obsidian Energy plans to renew its normal course issuer bid (NCIB) in March 2026, with the pace of share repurchases dependent on the macro environment.
- Operational highlights from Q4 2025 included the completion of the Open Creek infrastructure project and strong initial production rates from Clearwater wells in Peace River.
Jan 22, 2026, 4:58 PM
Obsidian Energy Completes Private Placement Offering and Redeems Existing Notes
OBE
Debt Issuance
- Obsidian Energy Ltd. completed a private placement offering of $175 million aggregate principal amount of 8.125% five-year senior unsecured notes due December 3, 2030, on December 3, 2025.
- A portion of the net proceeds from this offering was used to redeem the balance of its outstanding $80.8 million, 11.95% senior unsecured notes due July 27, 2027, also completed on December 3, 2025.
- The remaining proceeds were utilized to pay down indebtedness under the Company's syndicated credit facility and to cover related transaction expenses.
Dec 12, 2025, 10:02 PM
Obsidian Energy Closes $175 Million Senior Unsecured Notes Offering and Redeems Existing Notes
OBE
Debt Issuance
- Obsidian Energy Ltd. successfully closed a private placement offering of $175.0 million in 8.125% five-year senior unsecured notes due December 3, 2030, on December 3, 2025.
- A portion of the proceeds was used to redeem the outstanding $80.8 million, 11.95% senior unsecured notes due July 27, 2027.
- The remaining proceeds were applied to pay down indebtedness under its syndicated credit facility, which had approximately $8 million outstanding at closing.
Dec 3, 2025, 10:17 PM
Obsidian Energy Announces Offering of New Senior Unsecured Notes and Redemption of Existing Notes
OBE
Debt Issuance
- Obsidian Energy has announced an offering and pricing of $175 million aggregate principal amount of 8.125% five-year senior unsecured notes due December 3, 2030.
- The net proceeds from this offering will be used to redeem existing $80.8 million, 11.95% senior unsecured notes due July 27, 2027, and to pay down indebtedness under its syndicated credit facility.
- Following the completion of the offering, the company's $235 million syndicated credit facility is expected to be approximately $5 million drawn.
Nov 20, 2025, 3:37 PM
Obsidian Energy Announces Third Quarter 2025 Results and Updated Guidance
OBE
Earnings
Guidance Update
Share Buyback
- Obsidian Energy reported Q3 2025 funds flow from operations of $49.7 million ($0.74 per share basic) and net income of $16.8 million ($0.25 per share basic), with both metrics lower than Q3 2024 primarily due to reduced production volumes from the Pembina asset disposition and lower oil prices.
- Average daily production for Q3 2025 was 27,316 boe/d. The company increased its H2 2025 production guidance to 27,800 - 28,300 boe/d and updated capital expenditure guidance to $120 - $125 million.
- Net debt significantly decreased to $219.3 million as of September 30, 2025, primarily driven by $211 million cash from the Pembina asset disposition in April 2025 and $91.4 million from the sale of InPlay shares in August 2025.
- The company repurchased and cancelled approximately 1.1 million shares for $8.7 million in Q3 2025 under its active share buyback program.
Oct 30, 2025, 6:57 PM
Obsidian Energy Completes Partial Redemption of Senior Unsecured Notes
OBE
- Obsidian Energy Ltd. completed the partial redemption of $30 million aggregate principal of its 11.95 percent Senior Unsecured Notes due July 27, 2027 on August 29, 2025.
- Following this redemption, $80.8 million of these Notes remain outstanding.
- The maximum amount of any semi-annual free cash flow offer required under the trust indenture governing these Notes will now be $17.0 million.
Sep 2, 2025, 2:43 PM
Quarterly earnings call transcripts for OBSIDIAN ENERGY.
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