TRMLF
Tourmaline Oil Corp.
OTC Markets OTCPKUSDEQUITY
Energy
DELAYED
Last price
45.23
▲ 0.17 (0.38%)
MARKET · —
Price
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
44.85
Prev close
45.06
Day high
45.27
Day low
44.78
Volume
3.56K
Market cap
$17.58B
P/E (TTM)
68.53
52W range
40.01 – 51.20
Trailing performance
Returnvs SPY
1W
+5.58%
+6.9%
1M
-1.91%
-5.6%
3M
-6.74%
-9.8%
6M
-1.55%
-12.6%
YTD
+0.58%
-11.7%
1Y
+10.02%
-10.0%
3Y
-8.66%
-82.8%
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
19.35M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 14, 26 | Aspin (Sherra) Senior Officer of Issuer |
EXERCISE | 10.00K | $88.74K | Direct |
| Aug 14, 26 | Aspin (Sherra) Senior Officer of Issuer |
EXERCISE | 10.00K | $421.19K | Direct |
| Aug 5, 26 | Rose (Mike) Senior Officer of Issuer |
BUY | 5.00K | $211.31K | Direct |
| Aug 5, 26 | Rose (Mike) Senior Officer of Issuer |
BUY | 5.00K | $208.75K | Direct |
| Jul 31, 26 | Rose (Mike) Senior Officer of Issuer |
BUY | 5.00K | $218.38K | Direct |
| Jul 31, 26 | Rose (Mike) Senior Officer of Issuer |
BUY | 5.00K | $217.78K | Direct |
| Jul 10, 26 | Rose (Mike) Senior Officer of Issuer |
BUY | 2.50K | $105.89K | Direct |
| Jul 6, 26 | Angevine (Jill Terilee) Director of Issuer |
BUY | 766 | $31.83K | Direct |
| Jul 3, 26 | McKinnon (Earl Henry) Senior Officer of Issuer |
EXERCISE | 12.00K | $148.50K | Direct |
| Jul 3, 26 | McKinnon (Earl Henry) Senior Officer of Issuer |
SELL | 4.70K | $199.78K | Direct |
| Jul 1, 26 | Angevine (Jill Terilee) Director of Issuer |
BUY | 800 | $33.19K | Direct |
| Jun 30, 26 | Angevine (Jill Terilee) Director of Issuer |
BUY | 200 | $8.35K | Direct |
| Jun 26, 26 | Rose (Mike) Senior Officer of Issuer |
BUY | 2.50K | $105.40K | Direct |
| Jun 24, 26 | Rose (Mike) Senior Officer of Issuer |
BUY | 2.50K | $103.72K | 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 |
Miller (Lucille) |
Director of Issuer | 31.14K | 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 | 8.13M | Acquisition or disposition in the public market |
Fundamentals
Market cap$17.58B
Enterprise value—
Revenue (TTM)$4.81B
Gross profit$2.34B
EBITDA$2.17B
Net income$377.39M
EPS (TTM)$0.66
Free cash flow$-1.01B
Total cash—
Total debt$1.32B
Book value / share$29.32
Shares outstanding388.60M
Float369.92M
Short % of float—
Dividend yield3.13%
Beta (5Y)0.25
Valuation & profitability ratios
Trailing P/E68.53
Forward P/E14.54
PEG ratio0.44
Price / sales—
Price / book1.54
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 | $1.59B | +14.5% |
| Next quarter | 0.92 | 1 | $1.75B | +27.9% |
| Current year | 3.00 | 1 | $6.54B | +8.6% |
| Next year | 3.11 | 1 | $7.38B | +13.0% |
Analyst targets & ownership
Mean target$54.88
High target$54.88
Low target$54.88
Implied upside21.33%
Analyst count1
ConsensusNONE
Strong buy / Buy— / —
Hold—
Sell / Strong sell— / —
Held by insiders4.98%
Held by institutions39.29%
Institutions holding241
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
43.59
+3.76% from price
SMA 20
43.73
+3.44% from price
SMA 50
43.55
+3.87% from price
SMA 100
45.05
+0.39% from price
SMA 200
45.28
-0.11% from price
EMA 12
43.92
+2.99% from price
EMA 26
43.84
+3.17% from price
EMA 50
44.13
+2.50% from price
RSI (14)
61.0
Neutral
MACD (12,26,9)
0.07
Hist 0.24
ATR (14)
0.81
1.79% of price
Realised vol 30D
22.3%
Annualised
Bollinger upper
45.83
20, 2σ
Bollinger lower
41.62
20, 2σ
50 / 200 cross
Death
43.55 vs 45.28
Trend bias
Below 200
-0.11%
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
-0.21
Less volatile than market
Correlation to SPY
-0.10
Largely independent
Realised vol 30D
22.3%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-18.3%
Peak to trough
Max drawdown 5Y
-39.5%
Peak to trough
ATR 14
0.81
1.79% of price
Beta (reported)
0.25
5Y monthly, from filing
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Jun 29, 23 | National Bank Financial Inc | MAINTAINED | — | Outperform |
Dividends & splits
Forward rate$1.42 / yr
Forward yield3.13%
5-year avg yield1.88%
Payout ratio217.39%
Ex-dividend dateSep 15, 2026
Next pay dateJun 30, 2026
Last split—
Split date—
Headlines
Tourmaline Oil Gets TSX Approval to Renew its Normal Course Issuer Bid
MT Newswires · 16d ago
TOURMALINE ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID
CNW Group · 17d ago
Clean Energy Expands Fueling Network as Trucking and Refuse Fleets Across Canada Choose Natural Gas
Business Wire · 19d ago
Tourmaline Oil Q2 Earnings Call Highlights
MarketBeat · 22d ago
Tourmaline Oil Corp (TRMLF) (Q2 2026) Earnings Call Highlights: Strong Free Cash Flow and ...
GuruFocus.com · 23d ago
Tourmaline Oil Q2 Earnings Fall 65% YoY
MT Newswires · 24d ago
Tourmaline Oil Corp. (TRMLF) Q2 Earnings and Revenues Miss Estimates
Zacks · 24d ago
TOURMALINE ANNOUNCES STRONG SECOND QUARTER RESULTS AND LIQUIDS MARKETING AGREEMENT
CNW Group · 24d 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.