• Obsidian Energy posted a net loss of $18.7 million, or $0.28 per share, while funds flow from operations fell 39.06% to $61 million.
• Cash flow from operating activities dropped 58.63% to $40 million as average production slid 25.21% to 28,733 boe/d.
• Capital expenditures decreased 37.93% to $79.7 million, while netback narrowed to $26.76 per boe from $33.10 per boe.
• Net debt rose to $279.8 million; long-term debt stood at $245.3 million.
• Company renewed its normal course issuer bid, repurchasing and canceling about 1.5 million shares for $18.1 million, while planning a material increase to its 2026 capital budget with revised guidance expected during week of May 25.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Obsidian Energy Ltd. published the original content used to generate this news brief via Newsfile (Ref. ID: 202605070700NEWSFILECNPR____20260507_296357_1) on May 07, 2026, and is solely responsible for the information contained therein.