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Tourmaline Oil Corp. (T:TOU)

Business Focus: Oil & Gas Exploration and Production (NEC)

Sector:  Energy Industry:  Oil & Gas Exploration and Production
See Regulatory Filings on SEDAR
Company Contact
Address: 2900, 250 6th Ave SW
Tel: N/A
IR: See website
Key People
Michael L. Rose
Chairman of the Board, President, Chief Executive Officer, Director
Brian G. Robinson
Chief Financial Officer, Vice President - Finance, Director
Allan J. Bush
Chief Operating Officer
Earl Henry McKinnon
Vice President - Operations
Sherra Aspin
Vice President - Marketing
Colin Joel Frostad
Vice President - Exploration
Drew E. Tumbach
Vice President - Land and Contracts
W. Scott Kirker
General Counsel
Sarah Tait
Business Overview
Tourmaline Oil Corp is a Canada-based crude oil and natural gas exploration and production company. It is focused on long-term growth through an exploration, development, production and acquisition program in the western Canadian sedimentary basin. It operates in three basins, which include the Alberta Deep Basin, NEBC Montney Gas/Condensate and Peace River Triassic Oil. The Company has ownership interests in thirteen natural gas plants in the Alberta Deep Basin. It owns and operates five natural gas processing facilities with aggregate capacity of approximately 325 million cubic feet per day (MMcf/d) with related gas gathering systems and NGL handling infrastructure at NEBC Montney Gas basin. It owns and operates two oil batteries at Peace River Triassic Oil basin, which is handling approximately 48,000 barrels per day of fluids and the associated natural gas is delivered to a third party for processing.
Financial Overview
For the six months ended 30 June 2022, Tourmaline Oil Corp revenues increased 74% to C$2.92B. Net income increased 62% to C$1.08B. Revenues reflect Natural Gas segment increase from C$1.25B to C$2.66B, Natural Gas Production, Total increase of 23% to 425.76B cubic feet, Oil Equivalent Production (Units/day), T increase of 23% to 505K barrels per day. Net income was partially offset by Average Production Costs per unit.
Employees: 242 as of Dec 31, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $27,448M as of Jun 30, 2022
Annual revenue (TTM): $5,530M as of Jun 30, 2022
EBITDA (TTM): $3,797M as of Jun 30, 2022
Net annual income (TTM): $2,442M as of Jun 30, 2022
Free cash flow (TTM): $789.04M as of Jun 30, 2022
Net Debt Last Fiscal Year: $470.12M as of Jun 30, 2022
Shares outstanding: 336,054,556 as of Aug 22, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization