Tourmaline Oil Reports Soaring Q1 Production and Dividends

Tourmaline Oil (TSE:TOU) has released an update.

Tourmaline Oil Corp. has reported a significant increase in production for Q1 2024, achieving an average of 592,077 boepd, which marks a 13% rise from the previous year. Alongside this production growth, the company has also announced a boost to its quarterly base dividend and is declaring a special dividend. The robust financial performance includes a cash flow of $871.1 million and a substantial free cash flow of $309.8 million for the quarter.

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