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Tourmaline Oil’s (TSX: TOU) Q1 Revenue Up 16%, Eyes FY25 Production Growth and Montney Expansion
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Highlights
Tourmaline Oil Corp (TSX: TOU) is a leading Canadian energy company specializing in the acquisition, exploration, development, and production of natural gas and crude oil assets within the Western Canadian Sedimentary Basin.
In the first quarter of 2025 (Q1 2025), TOU’s total revenue grew by 16.3% year-over-year, driven by gains from hedging future contracts, improved marketing activities, and a 19.1% increase in royalty income. Although revenue increased, rising costs partially offset earnings, with net income significantly impacted by higher depreciation and depletion expenses. This was a result of increased capital expenditure and an expanded production base. This led to a decline in net earnings by 13.1% compared to Q1 2024.
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