Obsidian Energy LTD. cash flow statement

In fiscal 2025, Obsidian Energy LTD.'s operations generated $172m of cash; it spent $214m on capital projects, leaving free cash flow of −$42.3m. It returned $39.3m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Obsidian Energy LTD.: cash flow statement, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	−104	96	76	58	59	159	351	261	264	172
Stock-based pay	5	6	5	3	2	2	4	6	6	6
Capital spending	62	109	130	78	43	112	242	217	251	214
Free cash flow	−166	−12	−53	−20	17	46	109	45	14	−42
Free cash flow after stock pay	−171	−19	−59	−23	15	44	106	39	8	−48
Share buybacks	—	—	—	—	—	—	0	35	30	39

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Obsidian Energy LTD.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Obsidian Energy LTD.