Topaz Energy Corp

Topaz Energy Corp

30.25
CAD
-0.20
(-0.66%)
1.33EPS
22.31P/E
4.61BMarket Cap
Nov 02Next Earn
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.12
0.99
1.61
2.5
2.12
2.05
2.11
2.37
Basic EPS, GAAP
0.06
0.03
0.22
0.7
0.33
0.72
0.84
1.33
Free Cash Flow per Basic Share
-1.64
0.91
-6.12
-0.26
1.7
-1.1
1.16
1.56
Dividend per Share
- -
0.81
0.88
1.1
1.22
1.3
1.35
1.37
Book Value per Share
6.33
8.94
9.51
9.45
10.02
10.31
9.87
9.72
Tangible Book Value per Share
6.33
8.94
9.51
9.45
10.02
10.31
9.87
9.72
Basic Weighted Avg Shares
110
90
124
143
144
147
154
154
Sales/Revenue/Turnover
13
90
199
357
307
300
325
365
Operating Margin (%)
-6.52
-6.12
15.36
36.67
23.05
50.96
50.72
71.14
Depreciation Expense
12
85
155
209
217
125
135
80
Net Income, GAAP
6
3
28
99
48
106
129
206
Effective Tax Rate (%)
- -
- -
19.44
22.27
30.88
24.81
24.73
23.22
Profit Margin (%)
47.85
3.45
13.88
27.85
15.53
35.24
39.65
56.44
Working Capital
21
238
44
65
53
52
56
55
LT Debt
- -
- -
277
465
392
540
571
545
Total Equity
696
1,006
1,325
1,362
1,450
1,582
1,520
1,506
Return on Invested Capital (%)
- -
- -
1.89
5.93
2.66
5.8
5.88
10.29
Return on Capital (%)
- -
- -
2.3
6.41
3.69
6.37
7.05
11.64
Return on Common Equity (%)
- -
0.36
2.37
7.39
3.39
6.97
8.3
14.79

Capital Structure

CAD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
571
540
545
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
154
155
155
Market Capitalization
4,241
4,785
4,611

Working Capital

CAD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
61
72
77
Cash, Cash Equivalents & STI
1
1
1
Accounts Receivable, Net
56
59
66
Inventories
- -
- -
- -
Total Current Liabilities
5
24
22
Payables & Accruals
4
13
20
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

CAD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
9.24%
-3.88%
Free Cash Flow
- -
-451.65%
-210.17%
Net Income, GAAP
- -
228.87%
21.85%
Sales/Revenue/Turnover
- -
38.64%
8.31%
Total Cash Common Dividend
- -
24.5%
8.64%

Quarterly Revenue

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
75
75
71
79
300
2025
88
79
- -
84
325
2026
92
110
- -
- -
- -

Quarterly Earnings Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
0.12
0.12
0.03
0.72
2025
0.18
0.28
- -
0.5
0.84
2026
0.22
0.34
- -
- -
- -

Quarterly Dividends Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.32
0.32
0.33
0.33
1.3
2025
0.33
0.34
- -
0.34
1.35
2026
0.34
0.35
- -
- -
- -

Company Description

CEO
Marty Staples
Full Time Employees
13
Sector
Energy minerals
Industry
Oil & gas production
Address
250 6th Avenue SW Calgary AB Canada T2P 3H7
IPO Date
Oct 20, 2020
Business
Topaz Energy Corp. is a royalty and infrastructure energy company focused on generating free cash flow growth and paying reliable dividends to shareholders through premium assets in Western Canada. The company operates in two segments, Royalty Production and Infrastructure, holding gross overriding royalty interests on over 12 million gross acres of developed and undeveloped lands in key resource plays including the NEBC Montney, Clearwater, Alberta Deep Basin, Peace River High, Central Alberta, Southeast Saskatchewan, and Manitoba; and non-operated interests in natural gas processing facilities, crude oil and condensate handling facilities, and water management infrastructure supported by long-term take-or-pay contracts generating over 85% operating margins. Topaz targets top-quartile energy resources operated by leading producers such as Tourmaline Oil Corp., delivering high-margin royalty revenue exceeding 95% operating margin from crude oil, heavy oil, natural gas, and natural gas liquids production. Incorporated in 2006 and headquartered in Calgary, Alberta, Canada, the company, formerly known as Exshaw Oil Corp. until its name change in November 2019, maintains wholly owned subsidiaries including Reserve Royalty Commercial Trust, Reserve Royalty Limited Partnership, and others to manage its portfolio. Recent developments include the September 2025 tuck-in acquisition of NEBC Montney royalty assets from Tourmaline featuring 410 tier-one drilling locations; the February 2025 Alberta Montney royalty and infrastructure acquisition; multiple bought deal secondary offerings with Tourmaline totaling over $500 million in late 2024 and 2025 to fund expansions; record third quarter 2025 royalty production of 21,596 boe/d with 15% year-over-year growth and new highs in Clearwater heavy oil output; and sustained operator-funded reserves replacement driving 2024 liquids production records.

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