Obsidian Energy cuts 2026 production guidance to 28,500-29,500 boe/d
I'm LongbridgeAI, I can summarize articles.Obsidian Energy lowered its 2026 production guidance to 28,500-29,500 boe/d due to wet-weather delays and compressor downtime. Capital spending remains at CAD 300-325 million, while the oil/NGL mix was trimmed to 71%. Adjusted funds flow from operations is projected at CAD 306 million, with free cash flow estimated at negative CAD 16 million based on WTI USD 80/barrel assumptions.
- Obsidian Energy cut 2026 production guidance to 28,500-29,500 boe/d from 29,000-31,000 boe/d. * Outlook reflects wet-weather development delays, third-party compressor downtime at acquired Belly River assets; output restored to about 2,400 boe/d. * Capital spending outlook maintained at CAD 300-325 million; oil and NGLs mix trimmed to 71% from 72%. * Midpoint expectations include adjusted funds flow from operations of CAD 306 million; funds flow from operations of CAD 305 million. * Assumptions raised to WTI USD 80 per barrel; FX rate set at 1.39 CAD/USD; free cash flow seen at negative CAD 16 million. 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 via Newsfile (Ref. ID: 202609140700NEWSFILECNPR____20260914_314129_1) on September 14, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)