Tourmaline Oil (TOU.TO) Stock Price

Tourmaline Oil Price

🇨🇦TSX·CLOSED
60.28CAD
Market closed
Today +/-
Today %

Tourmaline Oil (TOU.TO) Stock | ISIN CA89156V1067 | WKN A1C8W0. The current Tourmaline Oil stock price is 60.28 CAD (2026). Revenue is 7.42 B CAD. Net income is 1.67 B CAD. The P/E ratio is 12.98. Market capitalization is 21.72 B CAD. Tourmaline Oil operates in the Energy sector.

Over the last 16 years Tourmaline Oil grew revenue by 69.1% annually, reaching 5.37 B CAD. Earnings per share have grown at 38.2% per year over the last 16 years. For Tourmaline Oil, the net margin of 23.5% is down versus 28.6% a few years ago. At today's price the dividend yield works out to roughly 5.51%. The payout ratio is around 39% of earnings. The dividend has grown at 44.2% per year over the past 6 years.

Tourmaline Oil stock price

Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Tourmaline Oil over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Tourmaline Oil stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Tourmaline Oil's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Tourmaline Oil Stock Price History
DateTourmaline Oil Price
Access this data via the Eulerpool API

Tourmaline Oil Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2008
1.2 M CAD
700,000 CAD
400,000 CAD
Jan 1, 2009
35.1 M CAD
-1.9 M CAD
-2.1 M CAD
Jan 1, 2010
195.4 M CAD
27.2 M CAD
8.8 M CAD
Jan 1, 2011
346.1 M CAD
78.2 M CAD
42.7 M CAD
Jan 1, 2012
427.1 M CAD
38 M CAD
15.5 M CAD
Jan 1, 2013
727.8 M CAD
156.7 M CAD
148.1 M CAD
Jan 1, 2014
1.3 B CAD
446 M CAD
488.9 M CAD
Jan 1, 2015
1.28 B CAD
171.3 M CAD
80.1 M CAD
Jan 1, 2016
1.09 B CAD
-15.3 M CAD
-32 M CAD
Jan 1, 2017
1.92 B CAD
530.9 M CAD
346.8 M CAD
Jan 1, 2018
2.1 B CAD
553.8 M CAD
401.4 M CAD
Jan 1, 2019
2.08 B CAD
365.9 M CAD
319.7 M CAD
Jan 1, 2020
2.16 B CAD
283.9 M CAD
618.3 M CAD
Jan 1, 2021
4.29 B CAD
1.76 B CAD
2.03 B CAD
Jan 1, 2022
8.83 B CAD
5.79 B CAD
4.49 B CAD

Tourmaline Oil Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jun 18, 2026, 5:43 AM
 
REVENUE (B CAD)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (B CAD)
NET INCOME (B CAD)
NET INCOME GROWTH (%)
DIV. (CAD)
DIV. GROWTH (%)
SHARES (M)
DOCUMENTS
2022202320242025e2026e2027e2028e2029e
8.835.545.376.267.427.967.768.13
105.99-37.3-3.0216.5218.517.28-2.454.7
99.5199.4698.7284.7271.4966.6468.3165.24
8.795.515.35.35.35.35.35.3
4.491.741.261.131.671.972.351.34
121.58-61.33-27.15-10.4447.717.5819.53-43.11
7.96.553.323.31.842.25--
456.34-17.09-49.31-0.6-44.2422.28
342.53345.38360.25360.25360.25360.25360.25360.25
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Tourmaline Oil generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Tourmaline Oil retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Tourmaline Oil's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Tourmaline Oil has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Tourmaline Oil's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Tourmaline Oil stock margins

The Tourmaline Oil margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Tourmaline Oil. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Tourmaline Oil.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2008
98.71 %
58.33 %
33.33 %
Jan 1, 2009
98.71 %
-5.41 %
-5.98 %
Jan 1, 2010
98.71 %
13.92 %
4.5 %
Jan 1, 2011
98.71 %
22.59 %
12.34 %
Jan 1, 2012
98.71 %
8.9 %
3.63 %
Jan 1, 2013
98.71 %
21.53 %
20.35 %
Jan 1, 2014
98.71 %
34.44 %
37.75 %
Jan 1, 2015
98.71 %
13.39 %
6.26 %
Jan 1, 2016
100 %
-1.4 %
-2.93 %
Jan 1, 2017
99.3 %
27.65 %
18.06 %
Jan 1, 2018
98.88 %
26.32 %
19.08 %
Jan 1, 2019
98.39 %
17.62 %
15.4 %
Jan 1, 2020
97.78 %
13.14 %
28.62 %
Jan 1, 2021
98.87 %
41.08 %
47.25 %
Jan 1, 2022
99.51 %
65.53 %
50.81 %

Tourmaline Oil Stock Revenue, EBIT, Earnings per Share

The Tourmaline Oil earnings per share therefore indicates how much revenue Tourmaline Oil has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2008
0.06 CAD
0.03 CAD
0.02 CAD
Jan 1, 2009
0.51 CAD
-0.03 CAD
-0.03 CAD
Jan 1, 2010
1.58 CAD
0.22 CAD
0.07 CAD
Jan 1, 2011
2.27 CAD
0.51 CAD
0.28 CAD
Jan 1, 2012
2.56 CAD
0.23 CAD
0.09 CAD
Jan 1, 2013
3.87 CAD
0.83 CAD
0.79 CAD
Jan 1, 2014
6.39 CAD
2.2 CAD
2.41 CAD
Jan 1, 2015
5.96 CAD
0.8 CAD
0.37 CAD
Jan 1, 2016
4.67 CAD
-0.07 CAD
-0.14 CAD
Jan 1, 2017
7.12 CAD
1.97 CAD
1.29 CAD
Jan 1, 2018
7.74 CAD
2.04 CAD
1.48 CAD
Jan 1, 2019
7.64 CAD
1.35 CAD
1.18 CAD
Jan 1, 2020
7.94 CAD
1.04 CAD
2.27 CAD
Jan 1, 2021
13.54 CAD
5.56 CAD
6.4 CAD
Jan 1, 2022
25.78 CAD
16.89 CAD
13.1 CAD

Tourmaline Oil business model & stock analysis

Tourmaline Oil Corp is one of the leading Canadian energy companies in the natural gas and oil industry. The company is headquartered in Calgary, Alberta, and has experienced rapid growth since its founding in 2008. Tourmaline is listed on the Toronto Stock Exchange under the ticker symbol "TOU". History Tourmaline Oil Corp was founded by current CEO Mike Rose in 2008. Rose had previously worked at EnCana Corporation, one of Canada's largest energy companies. Tourmaline started as a small company with only four employees and a single drilling site in Alberta. Since then, the company has experienced impressive expansion through mergers and acquisitions. Today, Tourmaline has over 2,000 employees, operates over 150 drilling sites, and has established itself as one of the leading Canadian energy producers. Business Model Tourmaline's business model focuses on the exploration, development, production, and marketing of oil, natural gas, and NGLs (Natural Gas Liquids) in Canada. However, the company is able to cover the full value chain, including transportation and processing infrastructure, making it more effective in controlling margins and improving profitability. Segments Tourmaline operates in three main segments: natural gas, oil, and NGLs. The company produces natural gas in the three major North American formations: the Montney-Fairway system, the Deep Basin, and the Greater Peace River Arch. The company is also active in oil sands, with a focus on the Peace River formation. Tourmaline is also a leading producer and marketer of NGLs such as propane, butane, and ethane. Products Tourmaline's primary product is natural gas. The company markets its natural gas to a wide range of customers, including energy utilities and industrial end-users. Tourmaline is also a significant oil producer and markets the oil to refineries and other end-users. In terms of NGLs, Tourmaline produces a variety of products such as propane, butane, and ethane. These are primarily used by the petrochemical industry and other end-users. Tourmaline has also invested in renewable energy in recent years and acquired a portfolio of solar parks that generate electricity in Canada. This has helped expand Tourmaline's portfolio into renewable energy and make the company more sustainable. Conclusion Tourmaline Oil Corp is a major player in the Canadian energy industry and has become one of the leading energy producers in a short period of time. The company specializes in the exploration, development, production, and marketing of oil, natural gas, and NGLs, and can cover the full value chain. With its investment in renewable energy, Tourmaline also demonstrates a strong commitment to sustainability. Overall, Tourmaline is a company that follows a clear strategy and is well-positioned to continue growing and succeeding.

Tourmaline Oil SWOT Analysis

Strengths

Tourmaline Oil Corp has several key strengths:

  • Strong asset base: The company owns a wide range of oil and gas assets, including extensive land holdings and production facilities.
  • Experienced management team: Tourmaline is led by a highly knowledgeable and skilled management team with extensive industry experience.
  • Cost-effective operations: The company is known for its efficient and low-cost operations, which gives it a competitive advantage.
  • Strong financial position: Tourmaline has a solid financial foundation, enabling it to fund its exploration and development activities.

Weaknesses

Despite its strengths, Tourmaline Oil Corp also faces some weaknesses:

  • Dependency on commodity prices: As with any oil and gas company, Tourmaline is vulnerable to fluctuations in commodity prices, which can impact its profitability.
  • Geographic concentration: The company's operations are primarily focused in Western Canada, which exposes it to regional market risks and regulatory challenges.

Opportunities

Tourmaline Oil Corp can benefit from the following opportunities:

  • Growth in natural gas demand: The increasing demand for clean energy sources, such as natural gas, presents an opportunity for Tourmaline to expand its market share and revenue.
  • Technological advancements: The oil and gas industry is constantly evolving, and leveraging new technologies can help Tourmaline enhance its operations and efficiency.
  • Potential acquisitions: Tourmaline can explore opportunities to acquire smaller competitors or strategic assets, allowing for further growth and market consolidation.

Threats

Tourmaline Oil Corp should be cautious of the following threats:

  • Environmental concerns: Increasing environmental regulations and public awareness create challenges for the oil and gas industry, potentially impacting Tourmaline's operations.
  • Political and economic instability: Changes in government policies or economic downturns can affect oil and gas companies, including Tourmaline, leading to uncertainty in market conditions.

Overall, Tourmaline Oil Corp possesses significant strengths that can support its growth and profitability. However, it also faces challenges and must carefully navigate market dynamics and industry trends to ensure long-term success.

Tourmaline Oil Eulerpool Fair Value

Tourmaline Oil historical P/E ratio, EBIT multiple, and P/S ratio

Tourmaline Oil annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Tourmaline Oil shares outstanding

The number of shares was Tourmaline Oil in 2025 — This indicates how many shares 360.249 M is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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Number of stocks
Details
Date
Number of stocks
Jan 1, 2008
20.2 M base_Shares
Jan 1, 2009
68.5 M base_Shares
Jan 1, 2010
123.4 M base_Shares
Jan 1, 2011
152.3 M base_Shares
Jan 1, 2012
167 M base_Shares
Jan 1, 2013
188.2 M base_Shares
Jan 1, 2014
202.8 M base_Shares
Jan 1, 2015
214.8 M base_Shares
Jan 1, 2016
233.9 M base_Shares
Jan 1, 2017
269.6 M base_Shares
Jan 1, 2018
271.7 M base_Shares
Jan 1, 2019
271.9 M base_Shares
Jan 1, 2020
272.1 M base_Shares
Jan 1, 2021
316.79 M base_Shares
Jan 1, 2022
342.53 M base_Shares

Tourmaline Oil Dividend History

8 years of dividend payments

YearAnnual DividendYoY ChangePayments
20253.3CAD 0.6%
Mar 13, 20250.35CAD 0.0%1/8
Mar 14, 20250.5CAD 42.9%2/8
May 15, 20250.35CAD 30.0%3/8
Jun 16, 20250.5CAD 42.9%4/8
Aug 8, 20250.35CAD 30.0%5/8
Sep 15, 20250.5CAD 42.9%6/8
Nov 14, 20250.25CAD 50.0%7/8
Dec 15, 20250.5CAD 100.0%8/8
20243.32CAD 49.3%
20236.55CAD 17.1%
20227.9CAD 456.3%
20211.42CAD 184.0%
20200.5CAD 8.7%
20190.46CAD 24.3%
20180.37CAD

Tourmaline Oil dividend history and estimates

In 2025, Tourmaline Oil paid a dividend amounting to 3.3 CAD. Dividend means that Tourmaline Oil distributes a portion of its profits to its owners.
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Dividend
Dividend (Estimate)
Special dividend
Details
Date
Dividend
Dividend (Estimate)
Special dividend
Jan 1, 2018
0.37 CAD
0 CAD
0 CAD
Jan 1, 2019
0.46 CAD
0 CAD
0 CAD
Jan 1, 2020
0.5 CAD
0 CAD
0 CAD
Jan 1, 2021
1.42 CAD
0 CAD
0 CAD
Jan 1, 2022
7.9 CAD
0 CAD
0 CAD
Jan 1, 2023
6.55 CAD
0 CAD
0 CAD
Jan 1, 2024
3.32 CAD
0 CAD
0 CAD
Jan 1, 2025
3.3 CAD
0 CAD
0 CAD
Invalid Date
0 CAD
1.84 CAD
0 CAD
Invalid Date
0 CAD
2.25 CAD
0 CAD

Tourmaline Oil dividend payout ratio

In 2025, Tourmaline Oil had a payout ratio of 44.76%. The payout ratio indicates the percentage of the company's profits that Tourmaline Oil distributes as dividends.
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Payout ratio
Details
Date
Payout ratio
Jan 1, 2008
34.85 %
Jan 1, 2009
34.85 %
Jan 1, 2010
34.85 %
Jan 1, 2011
34.85 %
Jan 1, 2012
34.85 %
Jan 1, 2013
34.85 %
Jan 1, 2014
34.85 %
Jan 1, 2015
34.85 %
Jan 1, 2016
34.85 %
Jan 1, 2017
34.85 %
Jan 1, 2018
25 %
Jan 1, 2019
38.98 %
Jan 1, 2020
22.03 %
Jan 1, 2021
22.2 %
Jan 1, 2022
60.31 %
Price targets and forecasts for Tourmaline Oil are not yet available.

Tourmaline Oil Earnings Estimates

Tourmaline Oil Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
5/1/20241.61CAD-CAD2024 Q1
3/1/20241.73CAD-CAD2023 Q4
11/2/20221.93CAD-CAD2022 Q3
7/27/20222.27CAD-CAD2022 Q2
5/4/20221.55CAD-CAD2022 Q1
3/2/20221.6CAD-CAD2021 Q4
11/3/20210.95CAD-CAD2021 Q3
7/28/20210.63CAD-CAD2021 Q2
5/5/20210.71CAD-CAD2021 Q1
3/10/20210.42CAD700.35 MCAD2020 Q4

EESG©

Eulerpool ESG Scorecard© for the Tourmaline Oil stock

60/100
42
Environment
77
Social
61
Governance
E

Environment

20
Scope 1 - Direct Emissions3,084,648
Scope 2 - Indirect emissions from purchased energy83,001
Scope 3 - Indirect emissions within the value chain
Total CO₂ emissions3,167,649
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees37
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Tourmaline Oil shareholder structure

% Name
10.35211%
Capital World Investors
Capital World Investors
9.05695%
Capital Research Global Investors
Capital Research Global Investors
4.51602%
Rose (Michael L)
Rose (Michael L)
3.32921%
Fidelity Management & Research Company LLC
Fidelity Management & Research Company LLC
2.12196%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
2.02826%
Fidelity Investments Canada ULC
Fidelity Investments Canada ULC
1.98082%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
1.87231%
GQG Partners, LLC
GQG Partners, LLC
1.41552%
Mackenzie Financial Corporation
Mackenzie Financial Corporation
1.41423%
TD Asset Management Inc.
TD Asset Management Inc.
...

Tourmaline Oil Executives and Management Board

MR

Mr. Michael Rose

(64)

Chairman of the Board, President, Chief Executive Officer, Director · since 2008

Compensation5.62 M CAD
BR

Mr. Brian Robinson

(65)

Chief Financial Officer, Vice President - Finance, Director · since 2008

Compensation2.7 M CAD
EM

Mr. Earl McKinnon

Vice President - Operations

Compensation2.04 M CAD
AB

Mr. Allan Bush

Chief Operating Officer

Compensation1.68 M CAD
SA

Ms. Sherra Aspin

Vice President - Marketing

Compensation1.59 M CAD

Tourmaline Oil Supply Chain

Frequently asked questions about Tourmaline Oil

Tourmaline Oil Corp operates as a Canadian crude oil and natural gas exploration and production company. The business model of Tourmaline Oil Corp focuses on acquiring, exploring, developing, and producing natural gas, crude oil, and natural gas liquids reserves. The company's operations are primarily concentrated in the Western Canadian Sedimentary Basin, particularly in Alberta, British Columbia, and Saskatchewan. With a strong emphasis on cost-effective operations, Tourmaline Oil Corp strives to maximize shareholder value by efficiently extracting hydrocarbon resources, utilizing advanced drilling and completion techniques, and maintaining a diversified asset portfolio.

All fundamentals and in-depth analysis of Tourmaline Oil

Our stock analysis for Tourmaline Oil Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Tourmaline Oil Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.