Tourmaline Oil Past Earnings Performance
Past criteria checks 0/6
Tourmaline Oil's earnings have been declining at an average annual rate of -25.1%, while the Oil and Gas industry saw earnings growing at 4.7% annually. Revenues have been declining at an average rate of 3.5% per year. Tourmaline Oil's return on equity is 2.4%, and it has net margins of 7.9%.
Key information
-25.12%
Earnings growth rate
-28.04%
EPS growth rate
| Oil and Gas Industry Growth | 42.11% |
| Revenue growth rate | -3.50% |
| Return on equity | 2.36% |
| Net Margin | 7.85% |
| Next Earnings Update | 04 Nov 2026 |
Recent past performance updates
Recent updates
Analysis Article • Aug 09
Earnings Troubles May Signal Larger Issues for Tourmaline Oil (TSE:TOU) Shareholders
Tourmaline Oil Corp.'s ( TSE:TOU ) recent weak earnings report didn't cause a big stock movement. We think that...
Narrative Update • Jun 16
TOU: Production Guidance And Mixed Ratings Will Shape Bullish Multi Year Path
Analysts have nudged their fair value estimate for Tourmaline Oil stock slightly lower to CA$71.45 from CA$71.50. This reflects a blend of recent target cuts from BMO and Canaccord alongside higher price targets from Raymond James and Morgan Stanley, while leaving the overall earnings and discount rate assumptions effectively unchanged.Narrative Update • Jun 02
TOU: Mixed Rating Revisions And Production Plans Will Shape Multi Year Outlook
Analysts have nudged their fair value estimate for Tourmaline Oil to CA$71.50 from CA$71.02, citing recent mixed revisions to Street price targets, modest adjustments to discount rate, revenue growth and profit margin assumptions, and a slightly lower future P/E outlook. Analyst Commentary Recent Street research on Tourmaline Oil reflects a mix of optimism around the company’s execution and long term positioning, alongside some caution on valuation and forward assumptions.Narrative Update • Apr 24
TOU: Higher P/E Assumptions And Asset Sale Will Shape Multi Year Outlook
Analysts have lifted their average price target on Tourmaline Oil by roughly CA$4 to CA$5 in recent weeks, with the mixed set of revisions reflecting updated views on revenue growth, margins, and future P/E assumptions. Analyst Commentary Recent research updates on Tourmaline Oil show a mix of optimism and caution, with several firms adjusting price targets and at least one downgrade on the stock.Narrative Update • Apr 10
TOU: Asset Sale And Cost Efficiencies Will Shape Multi Year Outlook
The fair value estimate for Tourmaline Oil has been nudged higher to CA$71.17 from CA$70.64, reflecting a series of recent analyst price target revisions that include several increases in the CA$1 to CA$5 range alongside some modest trims. Analyst Commentary Recent Street research on Tourmaline Oil shows a mix of optimism and caution, with several firms adjusting price targets in a relatively tight CA$67 to CA$74 range and one downgrade on the rating front.Narrative Update • Mar 26
TOU: Asset Sale And Balance Sheet Moves Will Shape Multi Year Outlook
Tourmaline Oil's fair value estimate has inched higher from CA$70.34 to CA$70.64 as analysts adjust price targets in a tight CA$67 to CA$74 range, reflecting updated views on revenue growth, margins, and future P/E assumptions. Analyst Commentary Recent Street Research on Tourmaline Oil points to a relatively tight cluster of price targets between CA$67 and CA$74, with several firms updating their views in quick succession.Narrative Update • Mar 12
TOU: Asset Sales And Margin Shift Will Shape Multi Year Outlook
Narrative update on Tourmaline Oil The updated fair value estimate for Tourmaline Oil edges up to CA$70.34 from CA$70.27, as analysts factor in a lower future P/E assumption alongside higher profit margin expectations. These changes align with recent mixed but generally supportive price target revisions, including increases to CA$74 and CA$67 and an adjustment to CA$68.Narrative Update • Feb 25
TOU: Asset Sale And Margin Assumptions Will Support Multi Year Streamlining
Analysts have nudged their fair value estimate for Tourmaline Oil slightly higher to about CA$70.27 per share from roughly CA$70.22, as recent price target cuts and a downgrade are weighed against updated assumptions on profit margins and forward P/E levels. Analyst Commentary Bullish Takeaways Bullish analysts point to the small lift in fair value to about CA$70.27 as a sign that updated margin and P/E assumptions still support a valuation close to prior levels, even after recent target changes.Narrative Update • Feb 11
TOU: Gas Export Ramp Will Support Multi Year Portfolio Streamlining Plan
Analysts have inched their fair value estimate for Tourmaline Oil up to about CA$70.22 from CA$70.09, citing updated discount rate assumptions, a slightly higher future P/E multiple, and refreshed Street targets that include recent price target trims and a downgrade. Analyst Commentary Bullish Takeaways Bullish analysts are still anchoring on a P/E framework that supports a fair value close to the current CA$70 range, which suggests they see the business as capable of supporting that earnings multiple over time.Narrative Update • Jan 27
TOU: LNG Export Ramp Will Support Multi Year Gas Production Plan
Analysts have trimmed their average fair value estimate for Tourmaline Oil to about $70 from roughly $71.60, reflecting recent target cuts and slightly softer assumptions for margins and growth, partly offset by a modestly higher future P/E multiple. Analyst Commentary Recent research updates show a cluster of modest price target reductions on Tourmaline Oil, with analysts adjusting their models to reflect updated guidance and new assumptions for the next few years.Narrative Update • Jan 11
TOU: LNG Export Ramp Will Support Long Term Gas Production Outlook
Analysts have trimmed their fair value estimate for Tourmaline Oil to about $71.57 from $73. This reflects slightly lower price targets and more conservative assumptions on revenue growth, profit margins and future P/E multiples, even as interest in the company's natural gas exposure remains supported by recent research coverage.Narrative Update • Dec 14
TOU: LNG Exports Will Drive Long Term Gas Volume Upside
Analysts have nudged their fair value estimate for Tourmaline Oil slightly higher to about C$73 from roughly C$72.71, citing a combination of modestly stronger long term revenue growth and margin assumptions that offsets recent mixed target revisions across the Street. Analyst Commentary Street research on Tourmaline Oil has turned more nuanced, with recent target trims balancing out fresh positive initiations and leaving a mixed but generally constructive outlook on the shares.Narrative Update • Nov 30
TOU: LNG Export Capacity Will Drive Production Expansion Into Next Decade
Tourmaline Oil's analyst price target has been modestly reduced, with updated forecasts now reflecting a decrease of approximately C$2 to C$3 per share as analysts adjust for revised 2025 guidance and evolving market conditions. Analyst Commentary Recent analyst updates on Tourmaline Oil reflect a range of perspectives on the company’s outlook, valuation, and growth drivers as market conditions and guidance for 2025 and beyond continue to evolve.Analysis Article • Nov 17
Tourmaline Oil's (TSE:TOU) Sluggish Earnings Might Be Just The Beginning Of Its Problems
A lackluster earnings announcement from Tourmaline Oil Corp. ( TSE:TOU ) last week didn't sink the stock price. Our...Narrative Update • Nov 16
TOU: Upcoming LNG Export Capacity Will Drive Production Expansion Through 2025
Tourmaline Oil's analyst price target has decreased modestly from approximately C$73.57 to C$72.90, as analysts cite recalibrated fair value estimates and a slightly higher discount rate. These factors are partially offset by improved revenue growth and profit margin outlooks.Narrative Update • Nov 01
TOU: LNG Export Capacity Increases Will Drive Natural Gas Market Inflection
Analysts have slightly lowered their average price target for Tourmaline Oil by C$0.38 to C$73.57. They cite mixed views on natural gas fundamentals and company growth prospects.Narrative Update • Oct 17
Canadian LNG Exports Will Open Premium Global Markets
Tourmaline Oil’s analyst price target has been trimmed modestly by analysts to near C$74. This reduction of less than 1 percent reflects slightly softer expectations for revenue growth and profit margins in light of evolving market fundamentals and recent industry research updates.Narrative Update • Oct 03
Canadian LNG Exports Will Open Premium Global Markets
Analysts have slightly reduced their price targets for Tourmaline Oil, with consensus forecasts moving from approximately C$75 to C$74. This adjustment reflects updated expectations for growth and profitability.
New Narrative • Nov 09
Critical Expansion And Innovation Set To Ignite Growth In The Energy Sector
Strategic timing of operations to coincide with potential higher gas prices could boost revenue and earnings significantly.Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Tourmaline Oil makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 26 | 4,806 | 377 | 250 | 0 |
| 31 Mar 26 | 4,644 | 708 | 252 | 0 |
| 31 Dec 25 | 4,590 | 263 | 252 | 0 |
| 30 Sep 25 | 4,380 | 1,325 | 254 | 0 |
| 30 Jun 25 | 4,384 | 1,490 | 242 | 0 |
| 31 Mar 25 | 4,314 | 1,232 | 236 | 0 |
| 31 Dec 24 | 4,354 | 1,264 | 228 | 0 |
| 30 Sep 24 | 4,481 | 1,557 | 207 | 0 |
| 30 Jun 24 | 4,802 | 1,476 | 200 | 0 |
| 31 Mar 24 | 4,837 | 1,730 | 190 | 0 |
| 31 Dec 23 | 4,840 | 1,736 | 179 | 0 |
| 30 Sep 23 | 5,264 | 1,005 | 176 | 0 |
| 30 Jun 23 | 5,475 | 2,829 | 161 | 0 |
| 31 Mar 23 | 6,732 | 4,061 | 145 | 0 |
| 31 Dec 22 | 7,098 | 4,487 | 132 | 0 |
| 30 Sep 22 | 6,992 | 5,514 | 120 | 0 |
| 30 Jun 22 | 6,822 | 3,777 | 118 | 0 |
| 31 Mar 22 | 5,507 | 2,454 | 110 | 0 |
| 31 Dec 21 | 4,765 | 2,026 | 104 | 0 |
| 30 Sep 21 | 3,886 | 1,659 | 95 | 0 |
| 30 Jun 21 | 3,208 | 1,303 | 85 | 0 |
| 31 Mar 21 | 2,658 | 902 | 81 | 0 |
| 31 Dec 20 | 2,224 | 618 | 74 | 0 |
| 30 Sep 20 | 2,129 | 50 | 73 | 0 |
| 30 Jun 20 | 1,919 | 61 | 72 | 0 |
| 31 Mar 20 | 1,820 | 196 | 69 | 0 |
| 31 Dec 19 | 1,836 | 320 | 66 | 0 |
| 30 Sep 19 | 1,652 | 449 | 64 | 0 |
| 30 Jun 19 | 1,706 | 489 | 65 | 0 |
| 31 Mar 19 | 1,752 | 360 | 66 | 0 |
| 31 Dec 18 | 1,688 | 401 | 66 | 0 |
| 30 Sep 18 | 1,717 | 299 | 65 | 0 |
| 30 Jun 18 | 1,619 | 294 | 62 | 0 |
| 31 Mar 18 | 1,680 | 377 | 60 | 0 |
| 31 Dec 17 | 1,616 | 347 | 60 | 0 |
| 30 Sep 17 | 1,569 | 318 | 57 | 0 |
| 30 Jun 17 | 1,543 | 292 | 55 | 0 |
| 31 Mar 17 | 1,297 | 106 | 54 | 0 |
| 31 Dec 16 | 1,102 | -32 | 53 | 0 |
| 30 Sep 16 | 1,003 | -57 | 53 | 0 |
| 30 Jun 16 | 986 | -53 | 55 | 0 |
| 31 Mar 16 | 1,046 | 20 | 55 | 0 |
| 31 Dec 15 | 1,056 | 80 | 56 | 0 |
| 30 Sep 15 | 1,066 | 311 | 59 | 0 |
Quality Earnings: TOU has a large one-off gain of CA$164.0M impacting its last 12 months of financial results to 30th June, 2026.
Growing Profit Margin: TOU's current net profit margins (7.9%) are lower than last year (34%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: TOU's earnings have declined by 25.1% per year over the past 5 years.
Accelerating Growth: TOU's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TOU had negative earnings growth (-74.7%) over the past year, making it difficult to compare to the Oil and Gas industry average (0.2%).
Return on Equity
High ROE: TOU's Return on Equity (2.4%) is considered low.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/17 04:20 |
| End of Day Share Price | 2026/09/17 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Tourmaline Oil Corp. is covered by 37 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Harshit Gupta | Accountability Research Corporation |
| Patrick O'Rourke | ATB Cormark |
| Kalvin Baim | ATB Cormark Historical (Cormark Securities) |