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Tourmaline Oil
Tourmaline Oil (TOU) investor relations material
Tourmaline Oil Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary7 May, 2026
Executive summary
Achieved record Q1 2026 production, averaging 666,089 boepd, at the midpoint of guidance despite capital deferrals.
Largest natural gas producer in Canada and sixth largest in North America, with 6.1 billion Boe 2P reserves and 5.2 million net acres.
Major NEBC infrastructure projects (Aitken and Groundbirch) remain on schedule for Q4 2026 and Q4 2027 start-ups.
2026 and 2027 free cash flow outlook improved to $0.9 billion annually, driven by higher liquids and LNG pricing.
Peer-leading cash flow growth, free cash flow generation, and lowest capital cost operator in the basin.
Financial highlights
Q1 2026 cash flow: CAD 862 million ($2.21 per diluted share); free cash flow: CAD 202 million.
Q1 2026 net earnings: CAD 658 million, up 209% year-over-year ($1.69 per diluted share).
Net debt at March 31, 2026: CAD 1.5 billion, or 0.4x net debt to cash flow, below long-term target.
Q1 2026 average production: 666,089 BOE/d, within guidance.
Q1 OpEx: CAD 4.75/BOE, down 8% year-over-year; full-year 2026 OpEx expected at CAD 4.50/BOE, down 9% from 2025.
Outlook and guidance
2026 average production guidance unchanged at 620,000–640,000 BOE/d.
Full-year 2026 E&P capital budget remains at CAD 2.55 billion after a CAD 350 million reduction.
Additional CAD 200 million of D&C capital could be deferred if weak gas prices persist.
2026 and 2027 free cash flow each anticipated at $0.9 billion, supported by higher condensate, propane, and LNG pricing.
Production expected to grow to 800,000 boepd by 2030–2031, with 5% CAGR from 2026–2031.
Triggers for the $200M capital deferral
JKM and TTF price exposure growth through 2028
Plan for the $1.50/boe cost reduction by 2031
Quantify netback improvement from Deep Basin deep cut termination
Prioritize FCF allocation beyond base dividend and growth
Detail plan for achieving $1.50/boe cost reduction target
Partial view of Summaries dataset, powered by Quartr API
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Latest events from Tourmaline Oil
- Record 2025 production, lower debt, and $3.4B 2026 cash flow drive strong outlook.TOU
Q4 20255 Mar 2026 - Q2 delivered strong free cash flow, higher dividends, and strategic deferrals for future upside.TOUQ2 20242 Feb 2026
- Q3 2024 saw robust cash flow and production growth, with 2025 guidance focused on efficiency and returns.TOUQ3 202415 Jan 2026
- Record Q1 production, major acquisitions, and strong cash flow drive robust 2025 outlook.TOUQ1 20258 Jan 2026
- Record production, earnings, and a 43% dividend hike set up strong 2025 growth and returns.TOUQ4 202416 Dec 2025
- Strong Q3 production, new LNG/storage deals, and disciplined capital amid volatile gas prices.TOUQ3 20257 Nov 2025
- Q2 2025 delivered strong growth, free cash flow, and a special dividend, with major expansion plans.TOUQ2 202531 Oct 2025
Next Tourmaline Oil earnings date
Q2 202630 Jul, 2026
Tourmaline Oil
Next Tourmaline Oil earnings date
Q2 202630 Jul, 2026
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excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
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@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
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