Tourmaline Oil Corp.
Tourmaline Oil Corp. engages in the acquisition, exploration, development, and production of petroleum and natural gas properties in the Western Canadian Sedimentary Basin. It holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. The company was incorporated in 2008 and is headquartered in Calgary, Canad… Read more
Tourmaline Oil Corp. (TRMLF) - Net Assets
Latest net assets as of September 2025: $16.40 Billion USD
Based on the latest financial reports, Tourmaline Oil Corp. (TRMLF) has net assets worth $16.40 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($23.78 Billion) and total liabilities ($7.38 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $16.40 Billion |
| % of Total Assets | 68.97% |
| Annual Growth Rate | 29.03% |
| 5-Year Change | 67.56% |
| 10-Year Change | 197.11% |
| Growth Volatility | 56.54 |
Tourmaline Oil Corp. - Net Assets Trend (2008–2024)
This chart illustrates how Tourmaline Oil Corp.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tourmaline Oil Corp. (2008–2024)
The table below shows the annual net assets of Tourmaline Oil Corp. from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $15.54 Billion | +10.90% |
| 2023-12-31 | $14.02 Billion | +2.40% |
| 2022-12-31 | $13.69 Billion | +17.93% |
| 2021-12-31 | $11.61 Billion | +25.12% |
| 2020-12-31 | $9.28 Billion | +16.44% |
| 2019-12-31 | $7.97 Billion | +5.22% |
| 2018-12-31 | $7.57 Billion | +4.93% |
| 2017-12-31 | $7.22 Billion | +6.61% |
| 2016-12-31 | $6.77 Billion | +29.37% |
| 2015-12-31 | $5.23 Billion | +17.44% |
| 2014-12-31 | $4.45 Billion | +32.26% |
| 2013-12-31 | $3.37 Billion | +23.16% |
| 2012-12-31 | $2.73 Billion | +22.31% |
| 2011-12-31 | $2.24 Billion | +44.04% |
| 2010-12-31 | $1.55 Billion | +70.77% |
| 2009-12-31 | $908.96 Million | +245.16% |
| 2008-12-31 | $263.34 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tourmaline Oil Corp.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1461321.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $5.26 Billion | 33.84% |
| Common Stock | $9.86 Billion | 63.41% |
| Other Components | $426.90 Million | 2.75% |
| Total Equity | $15.54 Billion | 100.00% |
Tourmaline Oil Corp. Competitors by Market Cap
The table below lists competitors of Tourmaline Oil Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Samsung SDI
KO:006400
|
$16.12 Billion |
|
COSTAR GROUP INC. DL-01
F:RLG
|
$16.13 Billion |
|
W. R. Berkley Corp
NYSE:WRB
|
$16.13 Billion |
|
Insulet Corporation
NASDAQ:PODD
|
$16.16 Billion |
|
ITT Inc
NYSE:ITT
|
$16.11 Billion |
|
Southern Copper Corporation
NYSE:SCCO
|
$16.10 Billion |
|
WuXi Biologics (Cayman) Inc
PINK:WXXWY
|
$16.07 Billion |
|
Zscaler Inc
NASDAQ:ZS
|
$16.06 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tourmaline Oil Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 14,015,751,000 to 15,543,564,000, a change of 1,527,813,000 (10.9%).
- Net income of 1,264,109,000 contributed positively to equity growth.
- Dividend payments of 1,185,912,000 reduced retained earnings.
- New share issuances of 41,185,000 increased equity.
- Other factors increased equity by 1,408,431,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.26 Billion | +8.13% |
| Dividends Paid | $1.19 Billion | -7.63% |
| Share Issuances | $41.19 Million | +0.26% |
| Other Changes | $1.41 Billion | +9.06% |
| Total Change | $- | 10.90% |
Book Value vs Market Value Analysis
This analysis compares Tourmaline Oil Corp.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.01x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 5.45x to 1.01x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | $8.02 | $43.72 | x |
| 2010-12-31 | $12.47 | $43.72 | x |
| 2011-12-31 | $14.68 | $43.72 | x |
| 2012-12-31 | $16.28 | $43.72 | x |
| 2013-12-31 | $17.80 | $43.72 | x |
| 2014-12-31 | $21.82 | $43.72 | x |
| 2015-12-31 | $24.23 | $43.72 | x |
| 2016-12-31 | $28.81 | $43.72 | x |
| 2017-12-31 | $26.66 | $43.72 | x |
| 2018-12-31 | $27.76 | $43.72 | x |
| 2019-12-31 | $28.63 | $43.72 | x |
| 2020-12-31 | $32.38 | $43.72 | x |
| 2021-12-31 | $36.64 | $43.72 | x |
| 2022-12-31 | $39.96 | $43.72 | x |
| 2023-12-31 | $40.58 | $43.72 | x |
| 2024-12-31 | $43.15 | $43.72 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tourmaline Oil Corp. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.13%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.37%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 1.44x
- Recent ROE (8.13%) is above the historical average (6.98%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | -0.24% | -5.31% | 0.04x | 1.12x | $-91.66 Million |
| 2010 | 0.95% | 6.85% | 0.12x | 1.16x | $-139.29 Million |
| 2011 | 1.91% | 12.24% | 0.13x | 1.21x | $-180.91 Million |
| 2012 | 0.57% | 3.51% | 0.12x | 1.32x | $-256.32 Million |
| 2013 | 4.42% | 19.51% | 0.16x | 1.40x | $-186.90 Million |
| 2014 | 11.05% | 35.44% | 0.21x | 1.50x | $46.42 Million |
| 2015 | 1.54% | 7.46% | 0.14x | 1.47x | $-440.23 Million |
| 2016 | -0.47% | -2.84% | 0.12x | 1.39x | $-706.04 Million |
| 2017 | 4.82% | 20.87% | 0.16x | 1.42x | $-372.02 Million |
| 2018 | 5.32% | 18.57% | 0.20x | 1.42x | $-352.91 Million |
| 2019 | 4.11% | 14.96% | 0.19x | 1.44x | $-458.76 Million |
| 2020 | 7.02% | 28.84% | 0.17x | 1.45x | $-262.60 Million |
| 2021 | 17.46% | 39.56% | 0.33x | 1.32x | $865.36 Million |
| 2022 | 32.78% | 51.71% | 0.46x | 1.38x | $3.12 Billion |
| 2023 | 12.39% | 35.87% | 0.24x | 1.43x | $334.30 Million |
| 2024 | 8.13% | 22.37% | 0.25x | 1.44x | $-290.25 Million |
Industry Comparison
This section compares Tourmaline Oil Corp.'s net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $1,751,793,864
- Average return on equity (ROE) among peers: -1.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tourmaline Oil Corp. (TRMLF) | $16.40 Billion | -0.24% | 0.45x | $16.11 Billion |
| Advantage Energy Ltd. (AAVVF) | $1.33 Billion | 0.83% | 0.33x | $922.80 Million |
| ADX Energy Ltd (ADXRF) | $4.37 Million | -14.30% | 0.01x | $9.58 Million |
| ARC Resources Ltd. (AETUF) | $3.40 Billion | 7.09% | 0.69x | $10.30 Billion |
| Aminex PLC (AEXFF) | $7.53 Million | -11.90% | 0.27x | $77.17 Million |
| Aker BP ASA (AKRBF) | $12.69 Billion | 14.40% | 2.32x | $6.29 Billion |
| Arkanova Energy Corporation (AKVA) | $-35.51K | 0.00% | 0.00x | $4.92K |
| Allied Resources Inc (ALOD) | $2.39 Million | -3.81% | 0.14x | $428.76K |
| Altex Industries Inc (ALTX) | $2.60 Million | -10.61% | 0.15x | $1.08 Million |
| Alvopetro Energy Ltd (ALVOF) | $66.14 Million | -10.76% | 0.04x | $117.02 Million |
| AMEN Properties Inc (AMEN) | $15.55 Million | 14.30% | 0.08x | $4.94 Million |