Obsidian Energy cut 2026 production guidance to 28,500-29,500 boe/d from 29,000-31,000 boe/d.
The outlook reflects wet-weather development delays and third-party compressor downtime at acquired Belly River assets; output has been restored to about 2,400 boe/d.
Capital spending outlook was maintained at CAD 300-325 million; the oil and NGLs mix was trimmed to 71% from 72%.
Midpoint expectations include adjusted funds flow from operations of CAD 306 million; funds flow from operations of CAD 305 million.
Assumptions were raised to WTI USD 80 per barrel; the FX rate was set at 1.39 CAD/USD; free cash flow is seen at negative CAD 16 million.
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