TRMLF
Tourmaline Oil Corp.
OTC Markets OTCPKUSDEQUITY
Energy
DELAYED
Neutral
-3/100
Last price
43.81
▼ 0.45 (1.02%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
44.30
Prev close
44.26
Day high
44.30
Day low
43.81
Volume
1.70K
Market cap
$17.02B
P/E (TTM)
65.39
52W range
40.04 – 51.20
Day trading desk
Gap from prior close
+0.25%
Prior close 44.19
VWAP
43.93
-0.28% from price
Relative volume
0.00×
Quiet session
Session range
1.12%
43.81 – 44.30
Position in range
0%
Near session low
ATR (14D)
1.26
2.87% of price
Prior day high
44.31
PDH
Prior day low
43.45
PDL
Bid / ask spread
—
Quote not published
Session volume
800
Avg 199.30K
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
+2.41%
+0.8%
1M
-4.24%
-5.4%
3M
+1.34%
-1.7%
6M
-2.23%
-16.8%
YTD
-2.58%
-16.2%
1Y
-0.48%
-15.8%
3Y
-10.66%
-91.9%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on TRMLF open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
19.37M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Sep 30, 26 | Tourmaline Oil Corporation Issuer |
BUY | 100.00K | $4.29M | Direct |
| Sep 29, 26 | Rose (Mike) Senior Officer of Issuer |
BUY | 5.00K | $212.43K | Direct |
| Sep 29, 26 | Tourmaline Oil Corporation Issuer |
BUY | 100.00K | $4.25M | Direct |
| Sep 28, 26 | Tourmaline Oil Corporation Issuer |
BUY | 100.00K | $4.32M | Direct |
| Sep 25, 26 | Rose (Mike) Senior Officer of Issuer |
BUY | 5.00K | $216.22K | Direct |
| Sep 25, 26 | Tourmaline Oil Corporation Issuer |
BUY | 100.00K | $4.33M | Direct |
| Sep 24, 26 | Tourmaline Oil Corporation Issuer |
BUY | 100.00K | $4.36M | Direct |
| Sep 23, 26 | Tourmaline Oil Corporation Issuer |
BUY | 100.00K | $4.35M | Direct |
| Sep 11, 26 | Rose (Mike) Senior Officer of Issuer |
BUY | 5.00K | $221.56K | Direct |
| Aug 21, 26 | Rose (Mike) Senior Officer of Issuer |
BUY | 5.00K | $224.75K | Direct |
| Aug 14, 26 | Aspin (Sherra) Senior Officer of Issuer |
EXERCISE | 10.00K | $89.32K | Direct |
| Aug 14, 26 | Aspin (Sherra) Senior Officer of Issuer |
EXERCISE | 10.00K | $423.90K | Direct |
| Aug 5, 26 | Rose (Mike) Senior Officer of Issuer |
BUY | 5.00K | $212.67K | Direct |
| Aug 5, 26 | Rose (Mike) Senior Officer of Issuer |
BUY | 5.00K | $210.10K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
Angevine (Jill Terilee) |
Director of Issuer | 71.77K | Acquisition or disposition in the public market |
Armstrong (William D) |
Director of Issuer | 441.00K | Exercise of options |
Aspin (Sherra) |
Senior Officer of Issuer | 93.36K | Exercise of options |
Frostad (Colin Joel) |
Senior Officer of Issuer | 56.91K | Acquisition or disposition under a purchase/ownership plan |
Heard (Jamie William Alexander) |
Senior Officer of Issuer | 67.48K | Acquisition or disposition in the public market |
Macdonald (Andrew B) |
Director of Issuer | 96.50K | Exercise of options |
McKinnon (Earl Henry) |
Senior Officer of Issuer | 136.98K | Exercise of options |
Robinson (Brian) |
Senior Officer of Issuer | 693.61K | Acquisition or disposition under a purchase/ownership plan |
Rose (Mike) |
Senior Officer of Issuer | 8.16M | Acquisition or disposition in the public market |
Tourmaline Oil Corporation |
Issuer | 1.73M | Redemption, retraction, cancelation, repurchase |
Fundamentals
Market cap$17.02B
Enterprise value—
Revenue (TTM)$4.81B
Gross profit$2.34B
EBITDA$2.17B
Net income$377.39M
EPS (TTM)$0.67
Free cash flow$-1.01B
Total cash—
Total debt$1.32B
Book value / share$29.32
Shares outstanding388.60M
Float369.91M
Short % of float—
Dividend yield3.33%
Beta (5Y)0.40
Valuation & profitability ratios
Trailing P/E65.39
Forward P/E14.09
PEG ratio0.32
Price / sales—
Price / book1.49
EV / revenue—
EV / EBITDA—
Gross margin48.70%
Operating margin19.84%
Profit margin7.85%
Return on equity2.33%
Return on assets0.95%
Debt / equity8.24
Current ratio0.72
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $6.30B | $5.65B | $6.24B | $8.68B | +11.6% |
| Operating revenue | $6.30B | $5.65B | $6.24B | $8.68B | +11.6% |
| Cost of revenue | $3.63B | $2.13B | $1.97B | $2.34B | +70.5% |
| Gross profit | $2.67B | $3.52B | $4.27B | $6.33B | -24.1% |
| Selling, general & admin | $251.53M | $227.96M | $178.52M | $132.10M | +10.3% |
| Total operating expense | $2.63B | $2.35B | $2.06B | $1.84B | +12.2% |
| Operating income | $38.10M | $1.17B | $2.21B | $4.50B | -96.8% |
| Net interest income | -$70.42M | -$81.36M | -$38.19M | -$29.93M | +13.4% |
| Pre-tax income | $343.91M | $1.66B | $2.18B | $5.91B | -79.3% |
| Tax provision | $81.23M | $393.82M | $443.49M | $1.42B | -79.4% |
| Net income | $262.67M | $1.26B | $1.74B | $4.49B | -79.2% |
| Net income to common | $262.67M | $1.26B | $1.74B | $4.49B | -79.2% |
| Basic EPS | 0.69 | 3.54 | 5.09 | 13.37 | -80.5% |
| Diluted EPS | 0.68 | 3.51 | 5.03 | 13.10 | -80.6% |
| EBIT | $414.32M | $1.74B | $2.22B | $5.94B | -76.2% |
| EBITDA | $3.41B | $3.29B | $3.52B | $7.12B | +3.7% |
| Basic shares | 381.60M | 357.03M | 341.02M | 335.60M | +6.9% |
| Diluted shares | 383.94M | 360.25M | 345.38M | 342.53M | +6.6% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | — | — | — | — | $0 | — |
| Cash & short-term investments | — | — | — | — | $0 | — |
| Accounts receivable | $775.33M | $792.07M | $731.06M | $1.09B | — | -2.1% |
| Total current assets | $1.98B | $1.35B | $1.30B | $2.25B | — | +46.2% |
| Property, plant & equipment | $19.79B | $19.85B | $17.47B | $14.80B | — | -0.3% |
| Total assets | $22.62B | $22.31B | $20.10B | $18.89B | — | +1.4% |
| Total current liabilities | $2.40B | $1.52B | $1.59B | $1.44B | — | +57.6% |
| Current debt | $800.00M | — | — | — | — | — |
| Long-term debt | $1.05B | $1.27B | $1.10B | $619.11M | — | -17.3% |
| Total debt | $1.89B | $1.30B | $1.13B | $629.26M | — | +45.0% |
| Total liabilities | $7.19B | $6.77B | $6.08B | $5.21B | — | +6.2% |
| Retained earnings | $4.26B | $5.26B | $5.18B | $5.67B | — | -19.0% |
| Shareholder equity | $15.44B | $15.54B | $14.02B | $13.69B | — | -0.7% |
| Working capital | -$419.31M | -$167.62M | -$298.28M | $809.45M | — | -150.1% |
| Net tangible assets | $15.44B | $15.54B | $14.02B | $13.69B | — | -0.7% |
| Shares issued | 387.06M | 373.68M | 351.35M | 338.68M | — | +3.6% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Net income | $262.67M | $1.26B | $1.74B | $4.49B | — | -79.2% |
| Stock-based compensation | $69.53M | $63.86M | $50.30M | $28.73M | — | +8.9% |
| Change in working capital | -$10.40M | -$27.12M | $307.66M | -$203.15M | — | +61.7% |
| Operating cash flow | $3.39B | $2.73B | $4.41B | $4.69B | — | +24.1% |
| Capital expenditure | -$3.01B | -$2.26B | -$2.08B | -$1.95B | — | -33.1% |
| Investing cash flow | -$2.73B | -$1.64B | -$2.60B | -$1.97B | — | -66.8% |
| Share buybacks | — | — | — | $0 | -$6.54M | — |
| Dividends paid | -$1.26B | -$1.19B | -$2.23B | -$2.65B | — | -6.4% |
| Financing cash flow | -$653.49M | -$1.09B | -$1.80B | -$2.72B | — | +40.1% |
| Free cash flow | $379.12M | $470.63M | $2.33B | $2.74B | — | -19.4% |
| End cash position | $0 | $0 | $0 | $0 | — | — |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $1.50B | $1.78B | $1.66B | $1.43B | $1.81B | -15.6% |
| Operating revenue | $1.50B | $1.78B | $1.66B | $1.43B | $1.81B | -15.6% |
| Cost of revenue | $585.78M | $693.08M | $1.87B | $538.55M | $617.50M | -15.5% |
| Gross profit | $912.53M | $1.08B | -$204.22M | $891.56M | $1.20B | -15.7% |
| Selling, general & admin | $61.25M | $64.78M | $58.59M | $63.77M | $63.93M | -5.4% |
| Total operating expense | $591.15M | $679.65M | $657.10M | $636.03M | $684.07M | -13.0% |
| Operating income | $321.38M | $403.46M | -$861.32M | $255.52M | $511.40M | -20.3% |
| Net interest income | -$23.30M | -$14.45M | -$18.59M | -$27.67M | -$16.70M | -61.2% |
| Pre-tax income | $252.83M | $860.67M | -$888.36M | $696.31M | $281.52M | -70.6% |
| Tax provision | $68.40M | $203.11M | -$233.36M | $181.72M | $68.84M | -66.3% |
| Net income | $184.43M | $657.56M | -$655.00M | $514.59M | $212.68M | -72.0% |
| Net income to common | $184.43M | $657.56M | -$655.00M | $514.59M | $212.68M | -72.0% |
| Basic EPS | 0.47 | 1.70 | — | 1.36 | 0.57 | -72.4% |
| Diluted EPS | 0.47 | 1.69 | — | 1.35 | 0.56 | -72.2% |
| EBIT | $276.13M | $875.12M | -$869.77M | $723.99M | $298.22M | -68.4% |
| EBITDA | $686.57M | $1.31B | $827.69M | $1.14B | $720.26M | -47.7% |
| Basic shares | 388.41M | 387.31M | — | 378.17M | 374.11M | +0.3% |
| Diluted shares | 389.97M | 389.36M | — | 380.50M | 376.84M | +0.2% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Accounts receivable | $685.78M | $714.41M | $775.33M | $597.01M | $784.20M | -4.0% |
| Total current assets | $1.40B | $1.66B | $1.98B | $1.09B | $1.14B | -16.1% |
| Property, plant & equipment | $20.36B | $20.04B | $19.79B | $21.16B | $20.33B | +1.6% |
| Total assets | $22.84B | $23.06B | $22.62B | $23.36B | $22.41B | -0.9% |
| Total current liabilities | $1.95B | $1.90B | $2.40B | $1.51B | $1.70B | +2.8% |
| Current debt | $579.26M | $154.63M | $800.00M | $300.00M | — | +274.6% |
| Long-term debt | $697.12M | $947.66M | $1.05B | $1.27B | $1.19B | -26.4% |
| Total debt | $1.32B | $1.14B | $1.89B | $1.60B | $1.22B | +15.7% |
| Total liabilities | $6.85B | $7.10B | $7.19B | $6.88B | $6.91B | -3.5% |
| Retained earnings | $4.72B | $4.73B | $4.26B | $5.35B | $5.16B | -0.2% |
| Shareholder equity | $15.99B | $15.96B | $15.44B | $16.48B | $15.49B | +0.2% |
| Working capital | -$553.51M | -$232.17M | -$419.31M | -$417.24M | -$566.97M | -138.4% |
| Net tangible assets | $15.99B | $15.96B | $15.44B | $16.48B | $15.49B | +0.2% |
| Shares issued | 388.57M | 388.15M | 387.06M | 386.83M | 374.52M | +0.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Net income | $184.43M | $657.56M | -$655.00M | $514.59M | $212.68M | -72.0% |
| Stock-based compensation | $14.09M | $14.17M | $16.94M | $17.54M | $17.07M | -0.5% |
| Change in working capital | -$112.74M | $90.46M | -$197.80M | -$15.92M | $87.38M | -224.6% |
| Operating cash flow | $643.79M | $942.63M | $700.11M | $745.05M | $1.09B | -31.7% |
| Capital expenditure | -$593.97M | -$661.99M | -$828.79M | -$505.96M | -$826.04M | +10.3% |
| Investing cash flow | -$635.15M | -$34.26M | -$523.86M | -$803.22M | -$714.08M | -1,754.1% |
| Dividends paid | -$194.28M | -$193.78M | -$290.28M | -$324.52M | -$318.14M | -0.3% |
| Financing cash flow | -$8.64M | -$908.37M | -$176.26M | $58.17M | -$374.23M | +99.0% |
| Free cash flow | $49.82M | $280.64M | -$128.68M | $239.09M | $262.27M | -82.2% |
| End cash position | $0 | $0 | $0 | $0 | $0 | — |
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.65 | — | — |
| Mar 2026 | 0.67 | 0.58 | -14.5% |
| Dec 2025 | 0.63 | -1.03 | -262.8% |
| Sep 2025 | 0.64 | 0.19 | -70.5% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.75 | 1 | $1.54B | +10.6% |
| Next quarter | 0.92 | 1 | $1.78B | +30.3% |
| Current year | 3.00 | 1 | $6.54B | +8.7% |
| Next year | 3.11 | 1 | $7.38B | +12.8% |
Analyst targets & ownership
Mean target$54.88
High target$54.88
Low target$54.88
Implied upside25.26%
Analyst count1
ConsensusNONE
Strong buy / Buy— / —
Hold—
Sell / Strong sell— / —
Held by insiders4.99%
Held by institutions40.65%
Institutions holding247
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
43.35
+1.05% from price
SMA 20
43.63
+0.41% from price
SMA 50
44.03
-0.50% from price
SMA 100
44.44
-1.42% from price
SMA 200
45.22
-3.12% from price
EMA 12
43.58
+0.53% from price
EMA 26
43.79
+0.04% from price
EMA 50
44.03
-0.50% from price
RSI (14)
50.0
Neutral
MACD (12,26,9)
-0.21
Hist 0.10
ATR (14)
1.26
2.87% of price
Realised vol 30D
25.1%
Annualised
Bollinger upper
45.43
20, 2σ
Bollinger lower
41.83
20, 2σ
50 / 200 cross
Death
44.03 vs 45.22
Trend bias
Below 200
-3.12%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
-0.20
Less volatile than market
Correlation to SPY
-0.10
Largely independent
Realised vol 30D
25.1%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-18.3%
Peak to trough
Max drawdown 5Y
-39.5%
Peak to trough
ATR 14
1.26
2.87% of price
Beta (reported)
0.40
5Y monthly, from filing
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Jun 29, 23 | National Bank Financial Inc | MAINTAINED | — | Outperform |
Dividends & splits
Forward rate$1.47 / yr
Forward yield3.33%
5-year avg yield1.76%
Payout ratio215.05%
Ex-dividend dateDec 15, 2026
Next pay dateSep 29, 2026
Last split—
Split date—
Headlines
Did Tourmaline’s (TSX:TOU) Higher Base Dividend Just Reframe Its LNG-Focused Investment Narrative?
Simply Wall St. · 20h ago
3 Canadian LNG Stocks With Exposure To India Trade Talks
Simply Wall St. · 2d ago
Why Tourmaline Oil (TSX:TOU) Shares Climbed Today
Simply Wall St. · 4d ago
U.S. Pressure Is Awakening an Energy Giant in Canada
The Wall Street Journal · 9d ago
3 Oil Producer Stocks Investors Are Watching For Crude Price Exposure
Simply Wall St. · 10d ago
Tourmaline to Sell CA$287.5 Million of Topaz Shares, Raises Quarterly Dividend 5%
MT Newswires · 15d ago
TOURMALINE AND TOPAZ ANNOUNCE $287.5 MILLION BOUGHT DEAL SECONDARY OFFERING OF TOPAZ COMMON SHARES AND TOURMALINE ANNOUNCES PLANNED SHARE REPURCHASES AND BASE DIVIDEND INCREASE
CNW Group · 15d ago
3 Oil And Gas Stocks For Higher Energy Prices On Russia Sanctions
Simply Wall St. · 19d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.