Tourmaline Oil

Tourmaline delivered record production of 666,089 boepd in Q1/2026, exceeding its annual guidance, while revenue of $1.69bn slightly missed expectations due to low gas prices in Western Canada. The company reported earnings per share well above forecasts, strong operating cash flow and positive free cash flow, and maintains a solid balance sheet with low net debt and an investment-grade rating. Strategically, Tourmaline is focusing on expanding the Montney play, securing LNG contracts to internationalize pricing, and cutting costs to grow production to as much as 800,000 boepd by 2031 and increase free cash flows. » More on de.investing.com

Tourmaline Oil reported Q4 2025 revenue of CAD 1.71 billion, beating estimates, but surprised negatively with EPS of CAD -1.69 versus an expected CAD 0.79. The company achieved record production, lowered operating costs, generated Q4 cash flow of CAD 890 million (CAD 3.4 billion for 2025) and reduced net debt to CAD 1.5 billion. The stock fell 3.48% after hours; for 2026 Tourmaline expects CAD 3.4 billion in cash flow and CAD 0.7 billion in free cash flow, and planned asset sales are intended to reduce debt and fund infrastructure investments. » More on de.investing.com

Canadian Natural Resources is reportedly in talks to acquire a natural gas portfolio worth more than $1 billion from Tourmaline. The company is said to have already filed documents with the Canadian competition authority on December 30 to obtain a preliminary regulatory assessment of the potential transaction. Specific details about the assets involved were not disclosed. » More on de.investing.com