Strong Third Quarter Royalty Production Growth
Topaz's third quarter royalty production was 21,600 BOE per day, marking a 15% increase from the prior year, including record heavy oil production of 3,400 barrels per day, a 17% increase in natural gas royalty production, and an 11% increase in total oil and liquids royalty production.
Record Clearwater Royalty Production Volumes
The company achieved record Clearwater royalty production volumes in Q3 2025.
Infrastructure Processing Revenue Growth
Infrastructure processing revenue and other income totaled $24.2 million, a 16% increase over the prior year, with infrastructure assets generating a 99% average daily utilization.
Successful Northeast BC Montney Acquisition
Topaz completed the acquisition of a Northeast BC Montney tuck-in royalty from Tourmaline for $71.7 million, aligning with Tourmaline's future growth projects.