Tourmaline Oil Corp
TSX:TOU
Income Statement
Earnings Waterfall
Tourmaline Oil Corp
Income Statement
Tourmaline Oil Corp
| Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
0
|
1
|
1
|
2
|
0
|
4
|
0
|
0
|
0
|
10
|
0
|
0
|
0
|
12
|
0
|
0
|
6
|
25
|
23
|
32
|
36
|
37
|
39
|
39
|
40
|
41
|
40
|
40
|
42
|
44
|
47
|
48
|
50
|
49
|
87
|
88
|
91
|
59
|
61
|
58
|
50
|
42
|
36
|
36
|
37
|
37
|
0
|
0
|
8
|
30
|
9
|
16
|
24
|
38
|
47
|
62
|
75
|
81
|
80
|
76
|
0
|
0
|
|
| Revenue |
85
N/A
|
132
+55%
|
195
+48%
|
222
+14%
|
260
+17%
|
311
+20%
|
346
+11%
|
379
+9%
|
397
+5%
|
391
-2%
|
427
+9%
|
494
+16%
|
568
+15%
|
644
+13%
|
728
+13%
|
884
+21%
|
1 017
+15%
|
1 162
+14%
|
1 295
+11%
|
1 291
0%
|
1 261
-2%
|
1 282
+2%
|
1 280
0%
|
1 218
-5%
|
1 116
-8%
|
1 098
-2%
|
1 093
0%
|
1 328
+22%
|
1 649
+24%
|
1 747
+6%
|
1 920
+10%
|
1 971
+3%
|
1 879
-5%
|
1 950
+4%
|
2 104
+8%
|
2 147
+2%
|
2 222
+4%
|
2 201
-1%
|
2 077
-6%
|
2 167
+4%
|
2 023
-7%
|
2 034
+1%
|
2 160
+6%
|
2 441
+13%
|
2 822
+16%
|
3 225
+14%
|
4 288
+33%
|
4 434
+3%
|
8 383
+89%
|
10 846
+29%
|
8 831
-19%
|
10 027
+14%
|
6 769
-32%
|
4 619
-32%
|
5 538
+20%
|
5 649
+2%
|
5 542
-2%
|
5 819
+5%
|
5 371
-8%
|
5 503
+2%
|
6 018
+9%
|
5 943
-1%
|
6 020
+1%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(5)
|
(13)
|
(19)
|
(24)
|
(27)
|
(24)
|
(21)
|
(25)
|
(26)
|
(33)
|
(52)
|
(49)
|
(50)
|
(48)
|
(44)
|
(46)
|
(48)
|
(48)
|
(42)
|
(57)
|
(50)
|
(43)
|
(56)
|
(35)
|
(36)
|
(30)
|
(27)
|
(38)
|
(57)
|
(69)
|
(75)
|
(89)
|
(104)
|
(118)
|
|
| Gross Profit |
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
1 093
N/A
|
0
N/A
|
502
N/A
|
911
+82%
|
1 907
+109%
|
1 952
+2%
|
1 856
-5%
|
1 923
+4%
|
2 081
+8%
|
2 126
+2%
|
2 198
+3%
|
2 175
-1%
|
2 043
-6%
|
2 115
+4%
|
1 974
-7%
|
1 984
+0%
|
2 112
+6%
|
2 398
+14%
|
2 776
+16%
|
3 177
+14%
|
4 239
+33%
|
4 393
+4%
|
8 326
+90%
|
10 796
+30%
|
8 788
-19%
|
9 970
+13%
|
6 733
-32%
|
4 583
-32%
|
5 508
+20%
|
5 622
+2%
|
5 505
-2%
|
5 762
+5%
|
5 302
-8%
|
5 428
+2%
|
5 929
+9%
|
5 839
-2%
|
5 902
+1%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(72)
|
(117)
|
(168)
|
(191)
|
(212)
|
(246)
|
(268)
|
(310)
|
(345)
|
(357)
|
(389)
|
(425)
|
(457)
|
(516)
|
(571)
|
(599)
|
(713)
|
(773)
|
(849)
|
(933)
|
(990)
|
(1 060)
|
(1 108)
|
(1 130)
|
(1 134)
|
(1 122)
|
(1 108)
|
(1 150)
|
(1 210)
|
(1 282)
|
(1 376)
|
(1 415)
|
(1 449)
|
(1 487)
|
(1 527)
|
(1 588)
|
(1 620)
|
(1 657)
|
(1 677)
|
(1 718)
|
(1 755)
|
(1 783)
|
(1 829)
|
(1 937)
|
(2 066)
|
(2 260)
|
(2 478)
|
(2 632)
|
(3 561)
|
(3 640)
|
(3 001)
|
(3 711)
|
(3 135)
|
(3 226)
|
(3 340)
|
(3 492)
|
(3 627)
|
(3 777)
|
(3 869)
|
(3 983)
|
(4 109)
|
(4 250)
|
(4 370)
|
|
| Selling, General & Administrative |
(12)
|
(20)
|
(30)
|
(34)
|
(38)
|
(43)
|
(47)
|
(53)
|
(57)
|
(60)
|
(76)
|
(70)
|
(77)
|
(85)
|
(113)
|
(103)
|
(115)
|
(123)
|
(153)
|
(149)
|
(154)
|
(165)
|
(204)
|
(175)
|
(183)
|
(198)
|
(247)
|
(244)
|
(272)
|
(295)
|
(354)
|
(341)
|
(362)
|
(386)
|
(442)
|
(427)
|
(439)
|
(453)
|
(515)
|
(501)
|
(536)
|
(560)
|
(621)
|
(630)
|
(658)
|
(717)
|
(837)
|
(856)
|
(1 200)
|
(1 234)
|
(1 089)
|
(1 330)
|
(1 093)
|
(1 139)
|
(1 242)
|
(1 218)
|
(1 249)
|
(1 290)
|
(1 394)
|
(1 353)
|
(1 389)
|
(1 422)
|
(1 544)
|
|
| Depreciation & Amortization |
(41)
|
(67)
|
(97)
|
(111)
|
(124)
|
(146)
|
(158)
|
(184)
|
(207)
|
(218)
|
(243)
|
(268)
|
(288)
|
(326)
|
(356)
|
(390)
|
(435)
|
(463)
|
(516)
|
(568)
|
(619)
|
(670)
|
(691)
|
(704)
|
(695)
|
(680)
|
(666)
|
(674)
|
(695)
|
(729)
|
(774)
|
(784)
|
(790)
|
(789)
|
(799)
|
(829)
|
(836)
|
(855)
|
(853)
|
(878)
|
(885)
|
(882)
|
(888)
|
(899)
|
(945)
|
(1 012)
|
(1 083)
|
(1 113)
|
(1 449)
|
(1 458)
|
(1 185)
|
(1 498)
|
(1 214)
|
(1 241)
|
(1 303)
|
(1 375)
|
(1 440)
|
(1 505)
|
(1 541)
|
(1 577)
|
(1 626)
|
(1 689)
|
(1 752)
|
|
| Other Operating Expenses |
(19)
|
(30)
|
(41)
|
(46)
|
(49)
|
(57)
|
(63)
|
(73)
|
(81)
|
(79)
|
(70)
|
(87)
|
(92)
|
(105)
|
(102)
|
(106)
|
(163)
|
(187)
|
(181)
|
(216)
|
(217)
|
(226)
|
(213)
|
(252)
|
(256)
|
(244)
|
(195)
|
(232)
|
(244)
|
(258)
|
(247)
|
(290)
|
(297)
|
(312)
|
(286)
|
(333)
|
(346)
|
(349)
|
(310)
|
(339)
|
(334)
|
(341)
|
(319)
|
(408)
|
(463)
|
(531)
|
(557)
|
(664)
|
(912)
|
(948)
|
(728)
|
(883)
|
(828)
|
(847)
|
(794)
|
(899)
|
(938)
|
(981)
|
(934)
|
(1 053)
|
(1 094)
|
(1 139)
|
(1 075)
|
|
| Operating Income |
13
N/A
|
15
+16%
|
27
+81%
|
32
+17%
|
48
+52%
|
65
+35%
|
78
+20%
|
69
-11%
|
52
-25%
|
34
-35%
|
38
+13%
|
69
+81%
|
111
+62%
|
128
+15%
|
157
+23%
|
285
+82%
|
305
+7%
|
389
+28%
|
446
+15%
|
358
-20%
|
271
-24%
|
222
-18%
|
171
-23%
|
87
-49%
|
(18)
N/A
|
(24)
-30%
|
(15)
+35%
|
178
N/A
|
438
+146%
|
461
+5%
|
531
+15%
|
537
+1%
|
407
-24%
|
436
+7%
|
554
+27%
|
538
-3%
|
577
+7%
|
518
-10%
|
366
-29%
|
397
+8%
|
220
-45%
|
201
-9%
|
284
+41%
|
460
+62%
|
710
+54%
|
916
+29%
|
1 761
+92%
|
1 761
0%
|
4 765
+171%
|
7 157
+50%
|
5 787
-19%
|
6 259
+8%
|
3 599
-43%
|
1 356
-62%
|
2 168
+60%
|
2 130
-2%
|
1 878
-12%
|
1 985
+6%
|
1 433
-28%
|
1 444
+1%
|
1 820
+26%
|
1 588
-13%
|
1 532
-4%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
0
|
(0)
|
(1)
|
(2)
|
(3)
|
(5)
|
(4)
|
(6)
|
(8)
|
(9)
|
(11)
|
(14)
|
(14)
|
(14)
|
(12)
|
(15)
|
(20)
|
(22)
|
(25)
|
(31)
|
(34)
|
(37)
|
(40)
|
(44)
|
(44)
|
(46)
|
(43)
|
(41)
|
(43)
|
(46)
|
(49)
|
(52)
|
(51)
|
(54)
|
(47)
|
(51)
|
(56)
|
(56)
|
(69)
|
(62)
|
(31)
|
(28)
|
(29)
|
(33)
|
(60)
|
(44)
|
(30)
|
(12)
|
15
|
19
|
19
|
(18)
|
(56)
|
(75)
|
(44)
|
(34)
|
(10)
|
(9)
|
(14)
|
(55)
|
(86)
|
(83)
|
(30)
|
|
| Non-Reccuring Items |
(3)
|
0
|
2
|
(2)
|
2
|
(2)
|
(4)
|
7
|
7
|
8
|
7
|
44
|
43
|
47
|
76
|
0
|
33
|
30
|
267
|
268
|
302
|
300
|
33
|
38
|
6
|
7
|
26
|
24
|
23
|
40
|
23
|
60
|
73
|
56
|
66
|
27
|
17
|
17
|
8
|
(210)
|
(127)
|
(127)
|
370
|
586
|
819
|
1 060
|
804
|
804
|
491
|
364
|
122
|
0
|
114
|
0
|
82
|
79
|
79
|
79
|
279
|
274
|
274
|
294
|
(1 117)
|
|
| Gain/Loss on Disposition of Assets |
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
(1)
|
(1)
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
(1)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(5)
|
(5)
|
(5)
|
(7)
|
(9)
|
(11)
|
(12)
|
(13)
|
(10)
|
(7)
|
(22)
|
0
|
0
|
0
|
(27)
|
(14)
|
(23)
|
(30)
|
(39)
|
(40)
|
(42)
|
(44)
|
(41)
|
|
| Pre-Tax Income |
9
N/A
|
14
+60%
|
27
+93%
|
27
+3%
|
46
+68%
|
57
+24%
|
68
+20%
|
69
+1%
|
50
-28%
|
32
-37%
|
33
+3%
|
98
+201%
|
140
+42%
|
160
+15%
|
218
+36%
|
270
+24%
|
318
+18%
|
396
+25%
|
685
+73%
|
593
-13%
|
537
-10%
|
481
-10%
|
162
-66%
|
78
-52%
|
(60)
N/A
|
(65)
-10%
|
(36)
+45%
|
157
N/A
|
413
+163%
|
450
+9%
|
499
+11%
|
539
+8%
|
424
-21%
|
432
+2%
|
567
+31%
|
508
-10%
|
532
+5%
|
473
-11%
|
299
-37%
|
120
-60%
|
57
-53%
|
41
-28%
|
620
+1 415%
|
1 006
+62%
|
1 460
+45%
|
1 922
+32%
|
2 523
+31%
|
2 539
+1%
|
5 261
+107%
|
7 533
+43%
|
5 906
-22%
|
6 240
+6%
|
3 656
-41%
|
1 281
-65%
|
2 179
+70%
|
2 161
-1%
|
1 924
-11%
|
2 025
+5%
|
1 658
-18%
|
1 624
-2%
|
1 966
+21%
|
1 755
-11%
|
344
-80%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(6)
|
(11)
|
(17)
|
(16)
|
(21)
|
(24)
|
(25)
|
(25)
|
(20)
|
(15)
|
(16)
|
(32)
|
(45)
|
(51)
|
(69)
|
(82)
|
(93)
|
(114)
|
(184)
|
(162)
|
(177)
|
(162)
|
(83)
|
(60)
|
5
|
7
|
3
|
(51)
|
(120)
|
(132)
|
(152)
|
(162)
|
(130)
|
(133)
|
(165)
|
(149)
|
(44)
|
(24)
|
21
|
77
|
4
|
8
|
(1)
|
(101)
|
(153)
|
(257)
|
(494)
|
(499)
|
(1 223)
|
(1 758)
|
(1 419)
|
(1 503)
|
(827)
|
(275)
|
(443)
|
(431)
|
(448)
|
(468)
|
(394)
|
(392)
|
(477)
|
(430)
|
(81)
|
|
| Income from Continuing Operations |
3
|
3
|
9
|
11
|
25
|
33
|
44
|
44
|
30
|
17
|
17
|
66
|
95
|
109
|
150
|
188
|
224
|
283
|
501
|
432
|
360
|
320
|
79
|
18
|
(55)
|
(59)
|
(33)
|
106
|
293
|
319
|
347
|
377
|
295
|
300
|
402
|
360
|
489
|
449
|
320
|
196
|
61
|
49
|
619
|
905
|
1 307
|
1 664
|
2 029
|
2 040
|
4 038
|
5 775
|
4 487
|
4 737
|
2 829
|
1 005
|
1 736
|
1 730
|
1 476
|
1 557
|
1 264
|
1 232
|
1 490
|
1 325
|
263
|
|
| Income to Minority Interest |
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(3)
|
(12)
|
(11)
|
(10)
|
(9)
|
2
|
2
|
2
|
2
|
1
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(0)
|
(0)
|
0
|
1
|
(0)
|
0
|
0
|
1
|
(0)
|
(3)
|
(4)
|
(5)
|
(3)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Net Income (Common) |
3
N/A
|
3
+16%
|
9
+203%
|
11
+22%
|
24
+126%
|
33
+34%
|
43
+31%
|
43
+1%
|
29
-33%
|
15
-47%
|
16
+1%
|
65
+317%
|
94
+45%
|
108
+15%
|
148
+38%
|
186
+26%
|
222
+20%
|
281
+26%
|
489
+74%
|
421
-14%
|
350
-17%
|
311
-11%
|
80
-74%
|
20
-76%
|
(53)
N/A
|
(57)
-7%
|
(32)
+44%
|
106
N/A
|
292
+176%
|
318
+9%
|
347
+9%
|
377
+9%
|
294
-22%
|
299
+2%
|
401
+34%
|
360
-10%
|
489
+36%
|
449
-8%
|
320
-29%
|
196
-39%
|
61
-69%
|
50
-18%
|
618
+1 127%
|
902
+46%
|
1 303
+44%
|
1 659
+27%
|
2 026
+22%
|
2 039
+1%
|
4 038
+98%
|
5 775
+43%
|
4 487
-22%
|
4 737
+6%
|
2 829
-40%
|
1 005
-64%
|
1 736
+73%
|
1 730
0%
|
1 476
-15%
|
1 557
+5%
|
1 264
-19%
|
1 232
-3%
|
1 490
+21%
|
1 325
-11%
|
263
-80%
|
|
| EPS (Diluted) |
0.02
N/A
|
0.02
N/A
|
0.07
+250%
|
0.07
N/A
|
0.16
+129%
|
0.22
+38%
|
0.28
+27%
|
0.28
N/A
|
0.19
-32%
|
0.1
-47%
|
0.09
-10%
|
0.35
+289%
|
0.5
+43%
|
0.58
+16%
|
0.79
+36%
|
0.93
+18%
|
1.08
+16%
|
1.35
+25%
|
2.41
+79%
|
2.04
-15%
|
1.65
-19%
|
1.41
-15%
|
0.37
-74%
|
0.09
-76%
|
-0.23
N/A
|
-0.26
-13%
|
-0.14
+46%
|
0.39
N/A
|
1.08
+177%
|
1.17
+8%
|
1.29
+10%
|
1.4
+9%
|
1.09
-22%
|
1.1
+1%
|
1.48
+35%
|
1.31
-11%
|
1.79
+37%
|
1.65
-8%
|
1.18
-28%
|
0.73
-38%
|
0.23
-68%
|
0.19
-17%
|
2.27
+1 095%
|
3.02
+33%
|
4.32
+43%
|
5.05
+17%
|
6.4
+27%
|
6.01
-6%
|
11.78
+96%
|
16.81
+43%
|
13.1
-22%
|
13.81
+5%
|
8.23
-40%
|
2.92
-65%
|
5.03
+72%
|
4.87
-3%
|
4.15
-15%
|
4.38
+6%
|
3.51
-20%
|
3.26
-7%
|
3.91
+20%
|
3.4
-13%
|
0.68
-80%
|
|