Obsidian Energy (TSX:OBE) Tax Rate % : 26.54% (As of Mar. 2024)

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What is Obsidian Energy Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Obsidian Energy's Tax Expense for the three months ended in Mar. 2024 was C$4.3 Mil. Obsidian Energy's Pre-Tax Income for the three months ended in Mar. 2024 was C$16.2 Mil. Therefore, Obsidian Energy's Tax Rate % for the quarter that ended in Mar. 2024 was 26.54%.

Obsidian Energy Tax Rate % Historical Data

The historical data trend for Obsidian Energy's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Obsidian Energy Tax Rate % Chart

Obsidian Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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-43.71

24.79

Obsidian Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															24.13	25.20	24.16	25.60	26.54

Obsidian Energy Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Obsidian Energy's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	35.6	/	143.6
	=	24.79 %

Obsidian Energy's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	4.3	/	16.2
	=	26.54 %

Obsidian Energy Tax Rate % Related Terms

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Obsidian Energy (TSX:OBE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Obsidian Energy Ltd (TSX:OBE) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

OBE:USA P13A:Germany

Address

207 - 9th Avenue SW, Suite 200, Calgary, AB, CAN, T2P 1K3

Website

https://www.obsidianenergy.com

Obsidian Energy Ltd, is an intermediate-sized oil and gas producer with strategic assets in Alberta. It operates in a single reporting segment that is exploration, development and holding an interest in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin. The company generates the majority of the revenue from the Crude oil sale.

Executives

Mark Kristian Rodger Hawkins

Senior Officer