Tourmaline Oil Corp. (TSX:TOU)

Tourmaline Oil Income Statement

Financials in millions CAD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	4,273	4,312	4,793	7,045	4,720	2,185
Other Revenue	213.72	42.11	47.43	53.41	45.73	39.91
Revenue	4,486	4,354	4,840	7,098	4,765	2,224
Revenue Growth (YoY)	-6.50%	-10.03%	-31.82%	48.95%	114.23%	21.15%
Cost of Revenue	2,236	2,158	1,888	1,728	1,339	914.19
Gross Profit	2,250	2,196	2,952	5,371	3,426	1,310
Selling, General & Admin	170.08	164.1	128.23	103.37	87.25	63.89
Other Operating Expenses	-1,172	-1,172	-556.88	-1,820	504.26	35.82
Operating Expenses	650.22	607.6	925.09	-503.19	1,691	998.26
Operating Income	1,600	1,589	2,027	5,874	1,735	312.01
Interest Expense	-80.26	-81.36	-38.19	-29.94	-21.55	-80.24
Interest & Investment Income	14.57	14.32	14.88	34.36	8	-
Currency Exchange Gain (Loss)	10.43	52.85	-20.56	14.55	12.84	19.8
Other Non Operating Income (Expenses)	-185.85	-185.85	121.3	-107.97	-15.84	-1.87
EBT Excluding Unusual Items	1,359	1,389	2,105	5,785	1,718	249.7
Merger & Restructuring Charges	-9.45	-9.45	-7.42	-0.44	-2.8	-1.9
Gain (Loss) on Sale of Assets	-	-	-	-	321.19	-
Asset Writedown	-	-	-	-	236.81	-250
Other Unusual Items	274.04	278.87	82.2	121.95	250.05	621.68
Pretax Income	1,624	1,658	2,179	5,906	2,523	619.48
Income Tax Expense	391.73	393.82	443.49	1,419	494.02	0.93
Earnings From Continuing Operations	1,232	1,264	1,736	4,487	2,029	618.55
Minority Interest in Earnings	-	-	-	-	-3.42	-0.24
Net Income	1,232	1,264	1,736	4,487	2,026	618.31
Net Income to Common	1,232	1,264	1,736	4,487	2,026	618.31
Net Income Growth	-28.81%	-27.18%	-61.31%	121.47%	227.67%	93.38%
Shares Outstanding (Basic)	363	357	341	336	312	272
Shares Outstanding (Diluted)	366	360	345	343	317	272
Shares Change (YoY)	5.24%	4.30%	0.83%	8.13%	16.43%	0.07%
EPS (Basic)	3.40	3.54	5.09	13.37	6.49	2.27
EPS (Diluted)	3.36	3.51	5.03	13.10	6.40	2.27
EPS Growth	-32.37%	-30.22%	-61.60%	104.69%	181.94%	92.96%
Free Cash Flow	654.02	470.63	2,325	2,742	864.19	41.28
Free Cash Flow Per Share	1.78	1.31	6.73	8.01	2.73	0.15
Dividend Per Share	1.320	1.320	1.050	0.900	0.670	0.500
Dividend Growth	65.00%	25.71%	16.67%	34.33%	34.00%	8.70%
Gross Margin	50.16%	50.43%	61.00%	75.66%	71.89%	58.90%
Operating Margin	35.67%	36.48%	41.88%	82.75%	36.40%	14.03%
Profit Margin	27.46%	29.03%	35.87%	63.21%	42.51%	27.80%
Free Cash Flow Margin	14.58%	10.81%	48.04%	38.63%	18.13%	1.86%
EBITDA	3,209	3,162	3,345	7,076	2,826	1,203
EBITDA Margin	71.53%	72.62%	69.11%	99.69%	59.30%	54.06%
D&A For EBITDA	1,609	1,574	1,318	1,202	1,091	890.58
EBIT	1,600	1,589	2,027	5,874	1,735	312.01
EBIT Margin	35.67%	36.48%	41.88%	82.75%	36.40%	14.03%
Effective Tax Rate	24.13%	23.75%	20.35%	24.03%	19.58%	0.15%
Revenue as Reported	5,503	5,371	5,538	8,831	4,288	2,160

Updated Mar 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.