OBE - Obsidian Energy Non-GAAP EPS of $0.36 beats by $0.12
2023-05-04 09:47:16 ET
- Obsidian Energy press release ( NYSE: OBE ): Q1 Non-GAAP EPS of $0.36 beats by $0.12 .
- Strong Funds Flow - FFO increased to $94.3 million ($1.15 per basic share) for the first quarter of 2023 compared to $78.6 million ($0.97 per basic share) for the same period in 2022.
- General and administrative ("G&A") costs were $1.60 per boe in the first quarter of 2023 compared to $1.57 per boe in the first quarter of 2022 due to the Company's focus on managing our cost structure.
- Net operating costs were higher at $14.57 per boe in the first quarter of 2023 compared to $13.93 per boe in the first quarter of 2022.
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Obsidian Energy Non-GAAP EPS of $0.36 beats by $0.12