Obsidian Energy Confirms Filing 2025 Year End Disclosure Documents

Rhea-AI Summary

Obsidian Energy (TSX: OBE; NYSE American: OBE) filed its audited Consolidated Financial Statements and Management's Discussion and Analysis for the year ended December 31, 2025, and its Annual Information Form including NI 51-101 reserves disclosure.

The company said it will file its Form 40-F with the SEC. Copies are available on SEDAR+, EDGAR, and Obsidian Energy's website; hard copies of audited statements and MD&A are available free on request.

News Market Reaction – OBE

-2.77%

15 alerts

-2.77% News Effect

+11.0% Peak Tracked

-4.9% Trough Tracked

-$15M Valuation Impact

$543M Market Cap

0.6x Rel. Volume

On the day this news was published, OBE declined 2.77%, reflecting a moderate negative market reaction. Argus tracked a peak move of +11.0% during that session. Argus tracked a trough of -4.9% from its starting point during tracking. Our momentum scanner triggered 15 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $15M from the company's valuation, bringing the market cap to $543M at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Fiscal year-end: December 31, 2025 Reporting year: 2025

2 metrics

Fiscal year-end December 31, 2025 Year ended for audited Consolidated Financial Statements and AIF

Reporting year 2025 Year covered by Annual Information Form and Form 40-F

Market Reality Check

Price: $7.92 Vol: Volume 652,829 is slightl...

normal vol

$7.92 Last Close

Volume Volume 652,829 is slightly above the 20-day average of 608,803 (relative volume 1.07). normal

Technical Shares at 7.60 are trading above the 200-day MA of 5.98, while sitting about 6.17% below the 52-week high of 8.10.

Peers on Argus

OBE is down 2.77% while key peers like GPRK and GFR showed gains of about 1.9–2....

2 Up

OBE is down 2.77% while key peers like GPRK and GFR showed gains of about 1.9–2.4%, indicating stock-specific pressure rather than a broad Energy E&P move.

Historical Context

5 past events · Latest: Feb 19 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 19	Q4 & 2025 results	Positive	-7.7%	Reported 2025 funds flow, net income and lower net debt after asset sale.
Feb 05	Reserves update	Positive	-4.5%	Announced strong 2025 reserves, high replacement rates and 2P NPV10 metrics.
Jan 22	2026 guidance	Positive	-3.4%	Provided 2026 capex, production and funds flow guidance plus operational plans.
Dec 03	Debt refinancing	Positive	-0.7%	Closed $175M 2030 notes and redeemed remaining 2027 notes, reducing interest costs.
Oct 30	Q3 2025 earnings	Positive	-5.2%	Reported Q3 production, funds flow, net income and raised H2 production guidance.

Pattern Detected

Recent updates on results, guidance, reserves and financing have generally been followed by negative next-day price reactions, even when the underlying news was constructive.

Recent Company History

Over the last several months, Obsidian Energy has reported multiple operational and financial milestones. Q3 and Q4 2025 results, 2026 guidance, and strong year-end reserves all highlighted solid production, funds flow and reserve replacement. The company also refinanced debt with new 2030 senior notes and redeemed higher-cost 2027 notes. Despite these developments, each event saw a negative 24-hour price reaction, suggesting a pattern of selling into fundamentally positive or neutral news. Today’s disclosure filings continue that sequence of formal reporting.

Market Pulse Summary

This announcement formalizes Obsidian Energy’s year-end 2025 reporting package, including audited fi...

Analysis

This announcement formalizes Obsidian Energy’s year-end 2025 reporting package, including audited financial statements, MD&A, an Annual Information Form and a Form 40-F filing. It consolidates previously released information on operations, reserves and financial performance into full statutory documents available on SEDAR+, EDGAR and the company’s website. Investors may focus on these filings for detailed disclosure, internal control conclusions, and any finer points on reserves, risk factors and governance to complement earlier earnings and guidance releases.

Key Terms

annual information form, md&a, national instrument 51-101, form 40-f, +2 more

6 terms

annual information form regulatory

"filed its Annual Information Form for the year ended December 31, 2025"

A company's annual information form is a comprehensive regulatory filing that lays out its business description, key assets, risks, legal matters and other background details shareholders need to understand the company’s operations. Think of it as a detailed owner’s manual or dossier that supplements financial statements, helping investors do deeper homework on how the business works and what could affect its future performance.

md&a financial

"audited Consolidated Financial Statements for the year ended December 31, 2025 and related Management's Discussion and Analysis"

Management’s Discussion and Analysis (MD&A) is a section of a company’s financial filing where executives explain recent results, the reasons behind changes, risks faced, and expectations for the future in plain language alongside the numbers. Investors use it like an owner’s narrative to understand the story behind the raw financial data — what drove performance, potential pitfalls, and management’s plans — helping judge whether the company’s numbers are likely to improve or worsen.

national instrument 51-101 regulatory

"information required pursuant to National Instrument 51-101"

A Canadian securities rule that sets standards for how mining companies must report information about their mineral projects, including who can prepare technical reports and what those reports must include. Think of it like a required home inspection and disclosure sheet for a mine: it forces consistent, independently prepared facts about the size, quality and risks of a mineral deposit so investors can compare opportunities and assess how much uncertainty or potential value is involved.

form 40-f regulatory

"Annual Report on Form 40-F for the year ended December 31, 2025"

A Form 40-F is a standardized annual filing used by certain Canadian companies that trade in U.S. markets to give U.S. regulators and investors the same core financial statements and key disclosures they file in Canada. Think of it as a translated, formally packaged annual report that lets investors in a different marketplace compare a company’s results, governance and risks more easily, which reduces uncertainty and helps investment decisions.

sedar+ regulatory

"obtained electronically on SEDAR+ website (www.sedarplus.ca)"

SEDAR+ is Canada’s centralized online system where publicly traded companies submit required regulatory documents such as financial reports, prospectuses and disclosure statements. It gives investors a single, searchable place — like a public library or online filing cabinet — to check a company’s official records for transparency, compare performance, and verify material information before making investment decisions.

edgar regulatory

"and EDGAR website (www.sec.gov for the Form 40-F)"

EDGAR is a system used by companies to share important financial and business information with the public. It functions like an online filing cabinet where investors can access official reports and documents that help them understand a company's financial health and operations. This transparency allows investors to make more informed decisions, much like checking a company's report card before investing.

AI-generated analysis. Not financial advice.

Calgary, Alberta--(Newsfile Corp. - February 19, 2026) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that it has filed with Canadian securities regulatory authorities its audited Consolidated Financial Statements for the year ended December 31, 2025 and related Management's Discussion and Analysis. Obsidian Energy has also filed its Annual Information Form for the year ended December 31, 2025, which includes the disclosure and reports relating to reserves data and other oil and gas information required pursuant to National Instrument 51-101. Obsidian Energy's Annual Report on Form 40-F for the year ended December 31, 2025 will be filed with the U.S. Securities and Exchange Commission pursuant to its rules and regulations.

Copies of these documents may be obtained electronically on SEDAR+ website (www.sedarplus.ca) and EDGAR website (www.sec.gov for the Form 40-F) or through Obsidian Energy's website at www.obsidianenergy.com. Hard copies of Obsidian Energy's audited Consolidated Financial Statements and related MD&A are also available upon request, free of charge, by contacting our Investor Relations group or by requesting them through our website.

ABOUT OBSIDIAN ENERGY

Obsidian Energy is an intermediate-sized oil and gas producer with a well-balanced portfolio of high-quality assets, primarily in the Peace River, Willesden Green and Viking areas in Alberta. The Company's business is to explore for, develop and hold interests in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin.

Obsidian Energy is headquartered in Calgary and listed on the Toronto Stock Exchange and NYSE American (TSX / NYSE American: OBE). To learn more, visit Obsidian Energy's website.

CONTACT
	OBSIDIAN ENERGY
		Suite 200, 207 - 9th Avenue SW, Calgary, Alberta T2P 1K3 Phone: 403-777-2500 Toll Free: 1-866-693-2707 Website: www.obsidianenergy.com
		Investor Relations: Toll Free: 1-888-770-2633 E-mail: investor.relations@obsidianenergy.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284547

FAQ

What did Obsidian Energy (OBE) file for the year ended December 31, 2025?

Obsidian Energy filed audited Consolidated Financial Statements and MD&A for the year ended December 31, 2025. According to the company, it also filed an Annual Information Form including NI 51-101 reserves disclosure and will file Form 40-F with the SEC.

Where can investors access Obsidian Energy (OBE) 2025 annual filings?

Investors can obtain copies on SEDAR+ and EDGAR and via Obsidian Energy's website. According to the company, hard copies of audited statements and MD&A are also available free of charge upon request from Investor Relations.

Does Obsidian Energy (OBE) include reserves data in its 2025 filings?

Yes, the Annual Information Form includes reserves data and other oil and gas information required by NI 51-101. According to the company, that disclosure is part of the Annual Information Form filed for the year ended December 31, 2025.

Will Obsidian Energy (OBE) file documents with U.S. regulators for 2025?

Yes, Obsidian Energy will file its Annual Report on Form 40-F with the U.S. Securities and Exchange Commission. According to the company, the Form 40-F filing will comply with applicable SEC rules and regulations.

How can shareholders request hard copies of Obsidian Energy (OBE) audited statements?

Shareholders can request free hard copies by contacting Obsidian Energy's Investor Relations or through the company's website request form. According to the company, hard copies of audited Consolidated Financial Statements and MD&A are available on request at no charge.