Tourmaline Oil Corp. (T:TOU)
Business Focus: Oil & Gas Exploration and Production (NEC)
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| Company Contact | |
| Address: | 2900 250 6th Avenue SW CALGARY AB T2P 3H7 |
| Tel: | N/A |
| Website: | https://www.tourmalineoil.com |
| 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 | Sarah Tait Controller | W. Scott Kirker Chief Legal Officer and External Affairs |
| Business Overview |
| Tourmaline Oil Corp. is a Canada-based crude oil and natural gas exploration and production company. The Company is focused on long-term growth through an aggressive 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 16 natural gas plants in the Alberta Deep Basin. It owns and operates five natural gas processing facilities with an 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. The Company owns and operates two oil batteries at the Peace River Triassic Oil basin, which handles 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 fiscal year ended 31 December 2023, Tourmaline Oil Corp (Alberta) revenues decreased 37% to C$5.54B. Net income decreased 61% to C$1.74B. Revenues reflect Natural Gas segment decrease of 35% to C$3.68B, Oil Equivalent Production (Units/day)-Ot decrease of 1% to 24K barrels per day. Net income also reflects Average Production Costs per unit, Total increase of 6% to C$9.78 per barrel, Exploration and Development Costs. |
| Employees: | 389 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | N/A |
| Annual revenue (TTM): | $5,538M as of Dec 31, 2023 |
| EBITDA (TTM): | $3,471M as of Dec 31, 2023 |
| Net annual income (TTM): | $1,736M as of Dec 31, 2023 |
| Free cash flow (TTM): | $98.19M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $1,127M as of Dec 31, 2023 |
| Shares outstanding: | 351,551,991 as of Apr 8, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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