Obsidian Energy Ltd. (OBE)

NYSE: OBE · Crude Petroleum & Natural Gas · Calgary, AB · filing with the SEC since 2005

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Grade5.0

◀ Past 6.0● Present 5.7▶ Future 2.5

2 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of Obsidian Energy Ltd.

Nine metrics read from its own filings, by tense

Headline grade

5.0/10

◀ Past6.040% of the headline

● Present5.735% of the headline

▶ Future2.525% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

6.0/1040% of the headline grade · 3 of 3 filed

Surviving crises

as filed

7.7/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 45% of this tense · 77th percentile among 83 sector filers · read for itself

From the record

Obsidian Energy Ltd.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

2.4/10

What has it actually done, year after year?

-0.1% a year over 10 filed years; profitable in 4 of 10.

weight 33% of this tense · 24th percentile among 74 sector filers · read for its customers

From the record

Obsidian Energy Ltd.'s 10 filed years say what it did: revenue went from CAD 575 million in fiscal 2016 to CAD 571 million in fiscal 2025, down 0.1% a year; it rose in 4 of 9 years; the deepest fall was 46% from fiscal 2016 to fiscal 2020; net income was positive in 4 of 10 of those years (its annual reports).

What it rests on

revenue growth over the filed span-0.1%bottom 17% of its family
the share of years revenue rosebottom 25% of its family
the share of filed years with a profitbottom 19% of its family
the deepest fall from a revenue peak46.1%bottom 34% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed

7.7/10

How has it treated the people who own it?

Share count shrank 5.2% a year. 15% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 22% of this tense · 77th percentile among 61 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Obsidian Energy Ltd.'s diluted share count shrank about 5.2% a year, and dividends and buybacks returned about 15% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

the share count over the yearstop 5% of its family
cash returned against operating cash flowtop 41% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.7/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

7.3/10

Is it financially healthy right now?

ROE 3%: 3¢ of profit per shareholder dollar. Leverage 25%: owes 25¢ per asset dollar.

weight 45% of this tense · 73rd percentile among 76 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Obsidian Energy Ltd. earned about 3 cents of profit for every dollar of shareholders' money. Leverage: it owed about 25 cents per dollar of assets, and net share issuance: its share count shrank 5.5% over the year (the filed statements).

What it rests on

what it owes per dollar of assetstop 12% of its family
return on equitybottom 35% of its family
the share count against the year beforetop 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

4.1/10

How strong is its position in its industry?

bottom 41% of 76 in its family; net margin 6.2%.

weight 33% of this tense · 41st percentile among 76 sector filers · read for its customers

From the record

Obsidian Energy Ltd.'s standing among 76 graded names in its industry family: revenue of CAD 571 million in fiscal 2025 is not ranked by size, since the family reports in another currency; a net margin of 6.2% ranks in the bottom 43%; revenue growth of -9.5% a year over the last 3 filed years ranks in the bottom 39% (its annual reports).

What it rests on

net margin6.2%bottom 43% of its family
three-year revenue growth-9.5%bottom 39% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

4.7/10

What are the people in charge doing?

SI estimate 4.7/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 58 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 58 members with one.
What the record cannot read: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read.
How it was reasoned: family median, 58 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Obsidian Energy Ltd.'s leadership is put at 4.7 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 58 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

2.5/1025% of the headline grade · 2 of 3 filed, 1 estimated

Room to expand

SI estimate

1.7/10

How much room does it have to grow?

SI estimate 1.7/10, confidence 35 of 100 (one part).

weight 22% of this tense · 17th percentile among 78 sector filers · read for itself

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, cash from operations less capital spending against revenue, which ranks in the bottom 17% of 78 in its family; the record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue.
What the record cannot read: The record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue.
How it was reasoned: one part: cash from operations less capital spending against revenue, the one part on file, ranked among 78 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Obsidian Energy Ltd.'s room to expand is put at 1.7 of 10 with a confidence of 35 of 100, because read from one part only, cash from operations less capital spending against revenue, which ranks in the bottom 17% of 78 in its family; the record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue. A filing that carries the missing parts replaces this estimate with the filed reading.

Growth drivers

as filed

3.5/10

What could actually drive growth from here?

bottom 35% of 72 in its family for growth drivers.

weight 33% of this tense · 35th percentile among 72 sector filers · read for its customers

From the record

Obsidian Energy Ltd.'s growth drivers, from the filed years to fiscal 2025: revenue grew -9.5% a year over the last three filed years against -0.1% over all 10, slowing (top 34% of its family); the newest year grew -24.5% (bottom 9%); capital spending grew -1.7% a year (bottom 30%) (its annual reports). Obsidian Energy Ltd. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

three-year growth against the whole span-9.4 points a yeartop 34% of its family
the newest year's revenue growth-24.5%bottom 9% of its family
three-year growth of capital spending-1.7%bottom 30% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

2.1/10

Did its newest year beat what its own record pointed to?

bottom 21% of 69 in its family for expectations against reality.

weight 45% of this tense · 21st percentile among 69 sector filers · read for its shareholders

From the record

Obsidian Energy Ltd.'s newest year against its own record: revenue of CAD 571 million in fiscal 2025 came in 23.7% below the CAD 749 million its prior three years' pace pointed to (bottom 9% of its family); net income of CAD 35 million against a prior three-year average of CAD 239 million (bottom 27%); a net margin of 6.2% against 31.4% before (bottom 28%) (its annual reports).

What it rests on

revenue against the prior three years' pace-23.7%bottom 9% of its family
net income against the prior three years' average-85%bottom 27% of its family
net margin against its prior average-25.2 pointsbottom 28% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton OBE · research, not advice