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Topaz Energy Corp (TSE:TPZ)
TSX:TPZ
Earnings Data
Report Date
Jul 28, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.06Last Year’s EPS
0.12Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 05, 2025
|% Change Since: 10.47%
|Next Earnings Date:Jul 28, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a positive sentiment overall, with strong growth in royalty production, record-setting drilling activity, and a strategic dividend increase. Despite some fluctuations in heavy oil volumes and a backlog of uncompleted wells, the company demonstrated robust financial performance and a sustainable dividend strategy.Company Guidance
During Topaz Energy Corp's First Quarter 2025 Results Conference Call, several key metrics and guidance figures were discussed. The company reported first-quarter royalty production of 22,400 BOE per day, a 10% increase from the previous quarter and 17% higher than the prior year. Royalty revenue was $68.7 million, constituting 75% of total revenue, and achieved a 99% operating margin. Processing revenue and other income reached a record $23.5 million, up 7% from the previous quarter. Topaz increased its quarterly dividend by 3% to $0.34 per share, marking a 70% growth since inception. The company generated $92.2 million in total revenue, with cash flow and free cash flow at $81.7 million and $80.8 million, respectively, resulting in an 88% free cash flow margin. The Board reconfirmed 2025 guidance, projecting 21,000 to 23,000 BOE per day of average well production, processing revenue, and other income between $88 million to $92 million, and a year-end net debt to EBITDA of 1.2x. The dividend yield is anticipated to be 5.9% based on current share prices, and the payout ratio is expected to be 66%.Record Royalty Production and Drilling Activity
Topaz achieved new records in royalty production with 22,400 BOE per day, a 10% increase from the prior quarter and 17% higher than the prior year. The company also set a new quarterly record by spudding 218 gross wells, representing 19% of Western Canadian Sedimentary Basin drilling activity, up from 12% last year.
Dividend Increase and Strong Cash Flow
The Board approved a 3% quarterly dividend increase to $0.34 per share. Topaz generated $92.2 million in total revenue, with cash flow of $81.7 million and free cash flow of $80.8 million. The free cash flow margin increased from 85% to 88%.
Processing Revenue Record
First quarter processing revenue and other income achieved a new company record of $23.5 million, which was 7% higher than the prior quarter.
Sustainable Dividend Strategy
Topaz's dividend strategy remains sustainable down to $0 AECO and $55 WTI U.S., supported by fixed revenue from infrastructure and hedging contracts.
TSE:TPZ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:TPZ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2025 | C$23.20 | C$23.60 | +1.72% |
Feb 24, 2025 | C$25.14 | C$24.35 | -3.14% |
Nov 04, 2024 | C$26.32 | C$26.93 | +2.32% |
Jul 29, 2024 | C$23.64 | C$24.76 | +4.74% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Topaz Energy Corp (TSE:TPZ) report earnings?
Topaz Energy Corp (TSE:TPZ) is schdueled to report earning on Jul 28, 2025, TBA Not Confirmed.
What is Topaz Energy Corp (TSE:TPZ) earnings time?
Topaz Energy Corp (TSE:TPZ) earnings time is at Jul 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:TPZ EPS forecast?
TSE:TPZ EPS forecast for the fiscal quarter 2025 (Q2) is 0.06.