• Tourmaline Oil average ebitda margin for 2024 was 62.78%, a 13.86% decline from 2023.
• Tourmaline Oil average ebitda margin for 2023 was 72.88%, a 7.11% decline from 2022.
• Tourmaline Oil average ebitda margin for 2022 was 78.46%, a 2.08% decline from 2021.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.