Tourmaline Oil Corp. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was CAD 1,189.3 million compared to CAD 3,339.21 million a year ago. Net income was CAD 274.69 million compared to CAD 2,097.93 million a year ago. Basic earnings per share from continuing operations was CAD 0.81 compared to CAD 6.23 a year ago. Diluted earnings per share from continuing operations was CAD 0.8 compared to CAD 6.11 a year ago.
For the nine months, revenue was CAD 3,798.17 million compared to CAD 8,010.84 million a year ago. Net income was CAD 1,035.68 million compared to CAD 4,517.42 million a year ago. Basic earnings per share from continuing operations was CAD 3.05 compared to CAD 13.5 a year ago. Diluted earnings per share from continuing operations was CAD 3.01 compared to CAD 13.21 a year ago.