Business
TOURMALINE DELIVERS STRONG FREE CASH FLOW IN Q2 2025, UPDATES EP PLAN, ANNOUNCES NEW LONG-TERM LNG FEED GAS SUPPLY AGREEMENT AND DECLARES SPECIAL DIVIDEND
Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to release financial and operating results for the second quarter of 2025 and an updated multi-year EP growth plan (the "EP Plan"), announce a new long-term LNG feed gas supply agreement and declare a special dividend.
About this update from Uniper Se
[{"type":"text","content":"CALGARY, AB, July 30, 2025 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to release financial and operating results for the second quarter of 2025 and an updated multi-year EP growth plan (the "EP Plan"), announce a new long-term LNG feed gas supply agreement and declare a special dividend.","length":358,"tagName":"p"},{"type":"image","alt":"Tourmaline Oil Corp. Logo (CNW Group/Tourmaline Oil Corp.)","displaySize":"","headline":null,"caption":"Tourmaline Oil Corp. Logo (CNW Group/Tourmaline Oil Corp.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":133,"url":"https://media.zenfs.com/en/cnwgroup.com/95b9d99c75445b8fb2711b745646d024"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/ExOoX.LndY6mOm1R1pnecQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTIzNDtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/95b9d99c75445b8fb2711b745646d024","width":400,"height":133},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/dTAY9DhAL8m_n_oR.sSTVw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTIxMztjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/95b9d99c75445b8fb2711b745646d024","width":400,"height":133}},"href":"https://mma.prnewswire.com/media/2740288/Tourmaline_Oil_Corp__TOURMALINE_DELIVERS_STRONG_FREE_CASH_FLOW_I.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"HIGHLIGHTS","length":10,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Second quarter average production was 620,757 boepd, at the mid-point of the guidance range provided on May 7, 2025 and up 10% from the second quarter of 2024.","length":159,"tagName":"p"}]},{"val":[{"type":"text","content":"Second quarter cash flow(1)(2) ("CF") of $822.8 million ($2.16 per diluted share(3)) on total cash capital expenditures(4) of $505.2 million (EP expenditures(5) of $489.8 million), generating free cash flow(6) ("FCF") of $316.9 million for the quarter ($0.83 per diluted share).","length":298,"tagName":"p"}]},{"val":[{"type":"text","content":"The Company has entered into a long-term LNG feed gas supply agreement with Uniper to supply 80,000 mmbtu per day of natural gas in the US Gulf Coast for an 8-year term beginning November 2028, with international price exposure to Dutch Title Transfer Facility ("TTF").","length":279,"tagNa...