Below are the financial statements of Tourmaline Oil, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of CAD | 2024 | 2023 |
|---|---|---|
| Commodity sales from production | 4,729.77a | 5,351.25a |
| Premium on risk management activities | 828.47a | 811.26a |
| Marketing revenue | 91.8a | 79.72a |
| Royalties | -509.25a | -638.42a |
| Other income | 42.11a | 47.43a |
| Realized gain on financial instruments | 486.53a | 544.48a |
| Unrealized (loss) on financial instruments | -298.56a | -658.2a |
| Expenses | — | — |
| Operating | -1,006.54a | -857.17a |
| Transportation | -1,082.59a | -1,000.57a |
| Marketing purchases | -69.13a | -30.01a |
| General and administration | -164.1a | -128.23a |
| Share-based payments | -63.86a | -50.3a |
| Depletion, depreciation and amortization | -1,551.96a | -1,303.44a |
| Realized foreign exchange (gain) loss | -37.49a | 15.03a |
| Unrealized foreign exchange (gain) loss | -15.35a | 5.52a |
| Income from investment in Topaz | -14.32a | -14.88a |
| Gain on acquisitions and divestitures | -278.87a | -82.2a |
| Total expenses | -3,592.16a | -3,293.19a |
| Income from operations | 1,778.71a | 2,244.34a |
| Finance expenses | -120.78a | -64.97a |
| Income before taxes | 1,657.93a | 2,179.37a |
| Current tax expense | -84.17a | -431.3a |
| Deferred tax expense | -309.66a | -12.2a |
| Net income and comprehensive income | 1,264.11a | 1,735.88a |
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