Obsidian Energy Ltd. (OBE) Stock Falls on Q1 2026 Earnings

By: Quiver EarningsTracker

Posted: 1 week, 4 days ago / May 7, 2026 2:06 p.m. UTC

OBE

Obsidian Energy Ltd. (OBE) reported first-quarter 2026 results that show revenue of $99.6 million with a net loss of $13.5 million and a diluted loss per share of -$0.19.

Revenue: $99.6 million, down 23.5% year-over-year.

Gross profit: $59.9 million, down 21.5% year-over-year.

Operating profit: $22.4 million, down 26.5% year-over-year.

Cost of sales: $39.7 million, down 26.3% year-over-year.

Net loss attributable to common shareholders: $13.5 million; diluted loss per share of -$0.19, a deterioration of roughly 225.7% year-over-year.

Cash from operating activities: $28.8 million, down 57.2% year-over-year.

Capital expenditures (purchases of property, plant and equipment): $57.3 million, down 35.8% year-over-year.

Cash and cash equivalents: $1.08 million, up 417.6% year-over-year.

Total liabilities: $441.4 million, down 16.6% year-over-year.

Shares were down 3.26% since the market opened this morning.

Overall, Obsidian Energy Ltd. (OBE) delivered lower top-line and profitability metrics in Q1 2026 while maintaining meaningful capital investment and ending the quarter with modest cash reserves and reduced liabilities.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Obsidian Energy Ltd. Hedge Fund Activity

We have seen 37 institutional investors add shares of Obsidian Energy Ltd. stock to their portfolio, and 43 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

ROYAL BANK OF CANADA added 1,233,804 shares (+57.4%) to their portfolio in Q4 2025, for an estimated $7,563,218
MORGAN STANLEY added 370,547 shares (+236.5%) to their portfolio in Q4 2025, for an estimated $2,271,453
QUADRATURE CAPITAL LTD added 270,555 shares (+402.0%) to their portfolio in Q4 2025, for an estimated $1,658,502
CITADEL ADVISORS LLC added 270,178 shares (+inf%) to their portfolio in Q4 2025, for an estimated $1,656,191
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 264,825 shares (-17.4%) from their portfolio in Q4 2025, for an estimated $1,623,377
D. E. SHAW & CO., INC. added 253,900 shares (+43.6%) to their portfolio in Q4 2025, for an estimated $1,556,407
MILLENNIUM MANAGEMENT LLC added 217,239 shares (+80.3%) to their portfolio in Q4 2025, for an estimated $1,331,675

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.