Tourmaline Oil Corp

TOU

Equity

ISIN null / Valor 12044743

Toronto Stock Exchange (2025-11-21)

CAD 62.02+1.27%

Tourmaline Oil Corp
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About company

Tourmaline Oil Corp is a Canadian senior crude oil and natural gas exploration and production company, primarily operating in the Western Canadian Sedimentary Basin. Established in 2008, the company has pursued a strategy of long-term growth through aggressive exploration, development, production, and acquisition activities. Tourmaline has built a substantial undeveloped land portfolio and maintains a significant multi-year drilling inventory. The company also holds operational control over key natural gas processing and transportation infrastructure across its three core growth areas. This strategic approach has been influenced by the experience of its senior management team, who previously founded and managed Duvernay Oil Corp. and Berkley Petroleum Corp. Through strategic acquisitions and land development, Tourmaline has positioned itself as a leading player in the Canadian energy sector.

Summarized from source with an LLMView SourceSector: Energy

Financial Performance

In Q3 2025, Tourmaline Oil Corp reported cash flow of $719.6 million (or $1.85 per diluted share) and earnings of $190.4 million (or $0.49 per fully diluted share). Despite weak natural gas prices influenced by export pipeline outages, these results underscore the company’s ability to maintain profitability through effective cost management and diversified revenue streams.

Production Metrics

During Q3 2025, average production reached 634,746 boepd, hitting the top of the guidance range despite some production curtailments. Liquids production also showed strength at 147,165 bpd, up 4% over Q2 2025, supporting the company’s long-term target of 200,000 bpd by 2031.

Dividend Announcement

Tourmaline Oil Corp declared a special dividend of $0.25 per share to be paid on November 25, 2025, highlighting the company’s commitment to delivering shareholder value even during periods of market volatility.

Strategic and Operational Updates

In addition to the strong financial and production outcomes, the report detailed several strategic initiatives—including new long-term natural gas storage agreements, LNG supply contracts, and enhancements to operational flexibility—that position Tourmaline Oil Corp well for future performance improvements and potential upside from rising natural gas prices.

Summarized from source with an LLMView Source

Key figures

-8.55%1Y

-20.8%3Y

248%5Y

Performance

27.7%1Y

28.2%3Y

33.3%5Y

Volatility