• Obsidian Energy flagged Q1 2026 production of 28,733 boe/d; annualized funds flow from operations of USD 244 million; net debt to FFO of 1.1x.
• Updated 2026 guidance kept average production at 27,900-29,900 boe/d; lifted capital spending to USD 300-325 million from USD 190-230 million.
• Pricing assumptions shifted to WTI at USD 80/bbl from USD 60; CAD/USD at 1.37 from 1.38; AECO at CAD 2.25/GJ from CAD 2.75.
• Midpoint outlook implied 2026 FFO of USD 317 million; FFO per share of USD 4.74; net debt of USD 274 million; net debt to annualized FFO of 0.9x.
• NCIB activity since March 2026 renewal included about 1,600,000 shares repurchased and cancelled; about 18,800,000 shares cancelled since February 2023.

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 on June 01, 2026, and is solely responsible for the information contained therein.