Conference Call Participants
Neil Mehta – Goldman Sachs Group, Inc., Research Division
Patrick O’Rourke – ATB Cormark Capital Markets Inc., Research Division
James Kubik – CIBC Capital Markets, Research Division
George Burwell – Jefferies LLC, Research Division
Fai Lee – Odlum Brown Limited, Research Division
Presentation
Operator
Good morning, ladies and gentlemen, and welcome to the Tourmaline Q2 2026 Results Conference Call. [Operator Instructions] This call is being recorded on July 30, 2026. I would now like to turn the conference over to Scott Kirker. Please go ahead.
W. Kirker
Chief Legal Officer & External Affairs
My name is Scott Kirker, and I’m the Chief Legal Officer here at Tourmaline Oil. Before we get started, I refer you to the advisories on forward-looking statements contained in the news release as well as the advisories contained in the Tourmaline annual information form and our MD&A available on SEDAR and on our website. I also draw your attention to the material factors and assumptions in these advisories. I’m here with Mike Rose, Tourmaline’s President and Chief Executive Officer; Brian Robinson, our Chief Financial Officer; and Jamie Heard, Tourmaline’s Vice President of Capital Markets. We’ll start with Mike speaking to some of the highlights of the last quarter and the year so far. After his remarks, we’ll be open for questions. Go ahead, Mike.
Michael Rose
CEO, President & Non-Independent Chairman of the Board
Thanks, Scott. Thanks, everybody, for dialing in this morning. So a few highlights. Q2 ’26 cash flow was $786 million, generating $192 million of free cash flow in the quarter. We’ve entered into a long-term agreement to increase propane and
 Q2 2026 Earnings Call Transcript){kind=link}