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Tourmaline Oil (TSE:TOU)
TSX:TOU
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Earnings Data
Report Date
Mar 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.19Last Year’s EPS
2Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: 4.48%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a strong financial performance and successful operational milestones, including increased production and strategic acquisitions. However, challenges were noted with low gas prices affecting production and the need for flexibility in future capital planning due to market volatility.Company Guidance
During the Tourmaline Q3 2024 earnings call, the company provided detailed guidance on its financial and operational performance. The third quarter saw cash flow of $742 million, translating to $2.09 per diluted share, and net earnings of $355 million or $1 per diluted share. A special dividend of $0.50 per share was declared, contributing to a total dividend distribution of $3.25 per share for the year. Tourmaline reported a Q3 average production of 557,000 BOEs per day, marking an 11% increase from Q3 2023, and set a Q4 production target of 600,000-620,000 BOEs per day. The company anticipates a 2025 average production range of 635,000-665,000 BOEs per day, with a midpoint of 650,000 BOEs per day. Capital expenditure for 2025 is projected between $2.6 billion and $2.85 billion, with plans to drill approximately 365 wells. Tourmaline's net debt stood at $1.7 billion by the end of Q3, with a revised long-term target of $1.5 billion. The company highlighted strong well productivity in the Deep Basin and plans to capitalize on potential improvements in natural gas prices, supported by its hedging strategy and market diversification efforts.Strong Financial Performance
Q3 cash flow was $742 million or $2.09 per diluted share. Net earnings were $355 million or $1 per diluted share. Free cash flow for the quarter was $152.5 million.
Dividend and Special Dividend Announcement
Declared a special dividend of $0.50 per common share. Total dividends distributed this year amount to $3.25 per share, implying a 5% trailing yield.
Production Increase
Q3 '24 average production was a little over 557,000 BOEs a day, marking an 11% increase over Q3 '23. Fourth quarter production is anticipated between 600,000 and 620,000 BOEs per day.
Successful Transactions and Acquisitions
Closed the transaction with Topaz Energy Corp. and received $278 million of proceeds. Completed the acquisition of Crew Energy.
Deep Basin Well Productivity
Deep Basin well productivity in 2024 has been the best in the last 5 years, with a 20% increase in gas and 40% increase in condensate on IP-90s compared to the previous 4 years.
Environmental Initiatives
Opened new CNG fueling stations in Calgary and Grand Prairie as part of the joint venture with clean energy fuels, aiming for 7 stations operational by the end of 2025.
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TSE:TOU Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:TOU Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | C$64.25 | C$62.32 | -3.00% |
| Jul 31, 2024 | C$59.08 | C$57.04 | -3.45% |
| May 01, 2024 | C$63.18 | C$62.70 | -0.76% |
| Mar 06, 2024 | C$59.76 | C$59.13 | -1.05% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Tourmaline Oil (TSE:TOU) report earnings?
Tourmaline Oil (TSE:TOU) is schdueled to report earning on Mar 11, 2025, TBA Not Confirmed.
What is Tourmaline Oil (TSE:TOU) earnings time?
Tourmaline Oil (TSE:TOU) earnings time is at Mar 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:TOU EPS forecast?
TSE:TOU EPS forecast for the fiscal quarter 2024 (Q4) is 1.19.
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