Overview
Tourmaline Oil is a Canadian senior oil and natural gas company focused on long-term growth through an aggressive exploration, development, production and acquisition program in the Western Canadian Sedimentary Basin. The company produces about 520,365 barrels of oil equivalent per day from its holdings in the Alberta Deep Basin and in the Greater Peace River High area in northeast British Colombia. The company's production was around 10% light and
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Read More medium crude oil (including condensate), about 15% NGLs, some 40% conventional natural gas, and more than 35% shale natural gas. It also has stakes in some 20 natural gas plants in the Alberta Deep Basin, about 10 of which it operates, and it owns and operates a compression and dehydration facility capable of processing 1.9 billion cubic feet per day of natural gas. Tourmaline Oil was founded in 2008.
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Read More medium crude oil (including condensate), about 15% NGLs, some 40% conventional natural gas, and more than 35% shale natural gas. It also has stakes in some 20 natural gas plants in the Alberta Deep Basin, about 10 of which it operates, and it owns and operates a compression and dehydration facility capable of processing 1.9 billion cubic feet per day of natural gas. Tourmaline Oil was founded in 2008.
Read Less
Michael Rose
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Support Activities for Mining
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Oil and Gas Extraction
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Mining, Quarrying, and Oil and Gas Extraction
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Oil and gas exploration services
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Crude petroleum production
See All Industries Natural gas production
See Fewer Industries
See All Industries Natural gas production
See Fewer Industries
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Actual
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Actual
$4.03 billion
Actual
-9.49%
-27.18%
$22,311
DEC
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Toronto:TOU
Contacts
Get in Touch with 17 Principals* and 157 Contacts
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Michael RosePresident and Chairman of the Board
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
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Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$4.03 billion
USD
Actual
1 USD = 1.4029 CAD
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $1,946 | $3,141 | $3,345 |
| Net Investing Cash | -$1,168 | -$1,855 | -$1,405 |
| Net Financing Cash | -$778 | -$1,286 | -$1,940 |
| Net Change in Cash | $ | $ | $ |
| Cash at Beginning of Period | $ | $ | $ |
| Cash at End of Period | $ | $ | $ |
| Capital Expenditure | -$1,610 | -$1,483 | -$1,391 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $ | $ | $ |
| Accounts Receivable | $565 | $521 | $780 |
| Inventories | $ | $ | $ |
| Other Current Assets | $400 | $402 | $821 |
| Asset Summary | |||
| Total Current Assets | $964 | $923 | $1,600 |
| Tangible Fixed Assets | $14,153 | $12,455 | $10,553 |
| Intangible Assets | $ | $ | $ |
| Total Assets | $22,312 | $20,097 | $18,893 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $948 | $785 | $722 |
| Short-Term Debt | $ | $ | $ |
| Other Current Liabilities | $136 | $351 | $302 |
| Liability Summary | |||
| Total Current Liabilities | $1,084 | $1,136 | $1,023 |
| Long-Term Debt | $907 | $784 | $441 |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $4,824 | $4,335 | $3,711 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $7,026 | $6,050 | $5,507 |
| Retained Earnings | $3,750 | $3,694 | $4,044 |
| Equity Summary | |||
| Total Equity | $11,080 | $9,991 | $9,756 |
| Shares Outstanding | 373,684,018 | 351,350,749 | 338,684,709 |