Obsidian Energy Posts 27,971 boe/d Production, $56.6M Q4 Funds Flow and 4.3M Share Purchases
Obsidian Energy averaged production of 27,971 boe/d in Q4 2025, generated $56.6 million of funds flow, while net debt fell from $411.7 million to $268.2 million. Successful 2025 capital program delivered reserve replacement ratios over 100% and the company purchased 4.3 million shares under its prepaid equity forward program.
1. Fourth Quarter Production and Cash Flow
In Q4 2025 Obsidian Energy averaged 27,971 boe/d of production and generated $56.6 million of funds flow from operations. Net income was a loss of $12.3 million and net debt declined to $268.2 million by year-end.
2. 2025 Capital Program and Reserve Replacement
The company invested $298.9 million in its 2025 capital program, focusing on Peace River waterflood pilots and Belly River drilling at Willesden Green. These efforts delivered a reserve replacement ratio exceeding 100% for full-year operations.
3. Equity Forward Program and Asset Disposition
Obsidian Energy purchased 4.3 million shares under its prepaid equity forward program through Q4 2025 and early 2026. The sale of Pembina assets for approximately $325 million further reduced net debt and streamlined the portfolio.