Earnings ·
Obsidian Energy reported second quarter 2026 results with average production of 28,200 boe/d and adjusted funds flow…
OBEObsidian Energy Ltd.
Obsidian Energy reported second quarter 2026 results with average production of 28,200 boe/d and adjusted funds flow from operations of $73.6 million ($1.10 per share basic). The company closed the Belly River acquisition on June 30 for $98.0 million, adding approximately 2,500 boe/d of production. Subsequent to quarter-end, Obsidian increased its syndicated credit facility by $40 million to $275.0 million and issued a $75.0 million add-on to its senior unsecured notes due December 3, 2030. Net debt rose to $353.6 million at June 30, 2026. The company operates in the oil and gas industry, focusing on light and heavy oil production in Alberta.