Tourmaline Oil Corp (FRA:08T)

Q3 2025 Tourmaline Oil Corp Earnings Call Transcript

Nov 6, 2025 / 04:00 PM GMT

Release Date Price: €37.29 (+0.49%)

Transcript

Key Points

Positve

Tourmaline Oil Corp (TRMLF) achieved Q3 2025 average production of 634,750 BOEs per day, which was at the high end of their guidance range.
The company entered into a long-term natural gas storage agreement with Alta Gas, enhancing financial performance and operational flexibility.
Tourmaline Oil Corp (TRMLF) has secured two short-term and one long-term LNG gas supply contracts, complementing their existing portfolio.
The company reported a 4% increase in third-quarter liquids production, reaching over 147,000 barrels per day.
Tourmaline Oil Corp (TRMLF) declared a special dividend of $0.25 per share, reflecting their commitment to shareholder returns.

Negative

Third-quarter cash flow was negatively impacted by unusually large natural gas export maintenance outages, resulting in lower-than-expected cash flow.
ACO and Station 2 pricing averaged $0.64 and $0.48 per MCF respectively during the quarter, contributing to reduced cash flow.
Curtailments on export pipelines reduced volumes accessing premium markets, impacting September natural gas revenue.
The company faced sustained low local prices, which were the primary reason for lower third-quarter cash flow.
Tourmaline Oil Corp (TRMLF) had to use the balance sheet to fund special dividends due to two quarters of the lowest prices in 30 years.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TOU.TO - Tourmaline Oil Corp
Q3 2025 Tourmaline Oil Corp Earnings Call
Nov 06, 2025 / 04:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning ladies and gentlemen, and welcome to the Tourmaline Q3 2025 results conference call. At this time, all lines are in listen-only mode.

Following the presentation, we will conduct a question-and-answer session. If at any time during this call you require immediate assistance, please press 0 for the operator. This call is being recorded on Thursday, November 6, 2025. I would now like to turn the conference over to Scott Kirker. Please go ahead.

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Unidentified_2 [2]
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Thank you, operator, and welcome everyone to our discussion of Tourmaline

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