Earnings ·
Reports Q3 funds flow of $86.7M on higher oil prices; buys back 0.9M shares for $13.0M
OBEObsidian Energy Ltd.
Obsidian Energy reported third-quarter 2026 results with average production of 28,113 boe/d and funds flow from operations (FFO) of $86.7 million ($1.31 per share basic), up significantly from $49.7 million in the prior-year period. Adjusted FFO was $80.7 million. The increase was driven by higher realized oil prices, with average light oil sales prices reaching $117.05/bbl and heavy oil at $93.73/bbl. Net income was $18.0 million ($0.27 per share). The company continued its capital return program, repurchasing and canceling approximately 0.9 million shares for $13.0 million at an average price of $15.08 per share. Capital expenditures totaled $75.6 million, while net debt stood at $363.3 million. Obsidian Energy is an oil and gas exploration and production company based in Calgary, Canada.