Overview

* Tourmaline Q2 2025 free cash flow reaches CAD 316.9 mln

* Company declares special dividend of$0.35/share due to strong free cash flow

* Tourmaline enters long-term LNG feed gas supply agreement with Uniper

Outlook

* Tourmaline expects full-year 2025 average production of 635,000 to 650,000 boepd

* Company anticipates 2025 exit average production of 680,000 to 690,000 boepd

* Tourmaline projects preliminary2026 average production of 690,000 to 710,000 boepd

Result Drivers

* PRODUCTION INCREASE - Tourmaline's Q2 averageproduction rose 10% year-on-year despite wildfire impacts and low commodity price shut-ins

* STRATEGIC HEDGING - Co's diversified marketing portfolio and hedging program led to higher realized natural gas prices compared to AECO 5A benchmark price

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS C$1.35

Q2 Cash C$2.16

Flow Per

Share

Q2 Free C$316.90

Cash mln

Flow

Q2 Net C$1.90

Debt bln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the oil & gas exploration and production peer group is "buy"

* Wall Street's median 12-month price target for Tourmaline Oil Corp ( TRMLF ) is C$76.00, about 17.4% above its July 29 closing price of C$62.80

* The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)