Obsidian Energy management commentary attributes higher Q3 2026 net income to stronger realized oil prices
Bitget2026/11/05 12:37- Obsidian Energy management commentary attributed third-quarter 2026 net income of CAD 18 million versus CAD 16.8 million to higher oil prices.
- Operating cash flow rose to CAD 87 million from CAD 45.4 million, driven primarily by higher realized oil prices and production.
- Production increased 3% to 28,113 boe/d, primarily reflecting Willesden Green drilling and the Belly River acquisition; reduced capital spending lowered heavy-oil output.
- Nine-month net income fell to CAD 41.3 million from CAD 47.5 million, reflecting hedging losses and lower production following the Pembina disposition.
- Net debt reached CAD 363.3 million versus CAD 240.1 million at year-end 2025, reflecting acquisition financing, share repurchases and prepaid equity forwards.
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