In This Article:
Obsidian Energy (TSE:OBE) Full Year 2024 Results
Key Financial Results
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Revenue: CA$756.2m (up 16% from FY 2023).
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Net loss: CA$202.6m (down by 288% from CA$108.0m profit in FY 2023).
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CA$2.67 loss per share (down from CA$1.34 profit in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Obsidian Energy Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 2.6% growth forecast for the Oil and Gas industry in Canada.
Performance of the Canadian Oil and Gas industry.
The company's shares are down 4.6% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Obsidian Energy's balance sheet and an in-depth analysis of the company's financial position.
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