Obsidian Energy (OBE) Operating Expenses (2009 - 2026)

Obsidian Energy (OBE) posted quarterly Operating Expenses of $30.0 million for Q1 2026, down 26.93% year-on-year from $41.1 million in Q1 2025, and down 3.69% on a QoQ basis from $31.2 million in Q4 2025.

Obsidian Energy (OBE) Operating Expenses (2009 - 2026) Analysis & Trends

Obsidian Energy (OBE) has reported Operating Expenses for 18 consecutive years, with $30.0 million the latest figure, recorded in Q1 2026.

  • Quarterly Operating Expenses fell 26.93% year-over-year to $30.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $119.9 million (down 83.77% YoY) and the FY2025 annual result came in at $131.6 million, down 82.0% from the prior year.
  • Operating Expenses fell to $30.0 million in Q1 2026 per OBE's latest filing, from $31.2 million in the prior quarter.
  • Over the last five years, Operating Expenses for OBE reached as high as $621.8 million in Q4 2024 and fell as low as $28.7 million in Q2 2025.
  • A 5-year average of $70.2 million and a median of $34.8 million in 2023 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2024 — Operating Expenses jumped 1748.26% — and 2025, when it slumped 94.98%.
  • Year by year, Operating Expenses stood at $58.6 million in 2022, then tumbled by 42.63% to $33.6 million in 2023, then soared by 1748.26% to $621.8 million in 2024, then sank by 94.98% to $31.2 million in 2025, then dropped by 3.69% to $30.0 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $30.0 million, $31.2 million, and $30.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Conocophillips 141.43 Bn 135.06 Bn 9.48 Bn 2.28 Bn
2 Eog Resources 74.61 Bn 70.76 Bn - 4.32 Bn
3 Diamondback Energy 55.39 Bn 55.39 Bn 4.22 Bn 4.12 Bn
4 Woodside Energy 41.28 Bn 35.34 Bn 2.71 Bn -
5 Occidental Petroleum 32.80 Bn 28.99 Bn 4.87 Bn 4.86 Bn
6 Eqt 32.48 Bn 32.37 Bn 1.42 Bn 60.22 Mn
7 Texas Pacific Land 27.36 Bn 27.11 Bn - 54.49 Mn
8 Devon Energy 26.53 Bn 24.72 Bn 3.61 Bn 3.64 Bn
9 Expand Energy 21.67 Bn 19.37 Bn 4.21 Bn 2.87 Bn
10 Obsidian Energy 666.94 Mn 665.85 Mn 145,841.14 30.04 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 30.04 Mn
Dec 31, 2025 31.19 Mn
Sep 30, 2025 30.01 Mn
Jun 30, 2025 28.65 Mn
Mar 31, 2025 41.12 Mn
Dec 31, 2024 621.79 Mn
Sep 30, 2024 39.80 Mn
Jun 30, 2024 35.90 Mn
Mar 31, 2024 36.59 Mn
Dec 31, 2023 33.64 Mn
Sep 30, 2023 34.83 Mn
Jun 30, 2023 35.29 Mn
Mar 31, 2023 36.25 Mn
Dec 31, 2022 58.64 Mn
Sep 30, 2022 33.35 Mn
Jun 30, 2022 34.43 Mn
Mar 31, 2022 31.82 Mn
Dec 31, 2021 25.70 Mn
Sep 30, 2021 25.66 Mn
Jun 30, 2021 27.58 Mn