Obsidian Energy Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was CAD 181.9 million compared to CAD 189.9 million a year ago. Net income was CAD 24.8 million compared to CAD 40.7 million a year ago. Basic earnings per share from continuing operations was CAD 0.31 compared to CAD 0.5 a year ago. Diluted earnings per share from continuing operations was CAD 0.3 compared to CAD 0.48 a year ago.
For the nine months, revenue was CAD 511.4 million compared to CAD 585.9 million a year ago. Net income was CAD 73.7 million compared to CAD 178.4 million a year ago. Basic earnings per share from continuing operations was CAD 0.91 compared to CAD 2.18 a year ago. Diluted earnings per share from continuing operations was CAD 0.89 compared to CAD 2.12 a year ago.