• Tourmaline Oil average return on tangible equity for 2024 was 10.81, a 54.58% decline from 2023.
• Tourmaline Oil average return on tangible equity for 2023 was 23.8, a 12.21% decline from 2022.
• Tourmaline Oil average return on tangible equity for 2022 was 27.11, a 38.1% decline from 2021.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.