Tourmaline publishes corporate presentation outlining EP growth plan and production outlook
Reuters2026/07/29 21:23- Tourmaline outlined 2026 production guidance of 620,000-640,000 boepd, with 3Q26 estimate of 595,000-605,000 boepd.
- 2026 cash flow forecast at CAD 3.53 billion, with free cash flow of CAD 880 million at 630,000 boepd.
- Capital expenditures set at CAD 2.65 billion, with an E&P capital program of CAD 2.55 billion.
- Net debt at 2Q26 was CAD 1.5 billion, or CAD 800 million net of the TPZ equity stake; enterprise value shown at CAD 25.6 billion.
- EP plan targets output of 665,000 boepd in 2027, rising to 800,000 boepd by 2032, with CAD 2.96 billion free cash flow projected in 2032.
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