Obsidian Energy Ltd. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported revenue was CAD 164.6 million compared to CAD 173.9 million a year ago. Net income was CAD 11.9 million compared to CAD 30.5 million a year ago.

Basic earnings per share from continuing operations was CAD 0.15 compared to CAD 0.37 a year ago. Diluted earnings per share from continuing operations was CAD 0.15 compared to CAD 0.36 a year ago.