The earnings call reflects strong performance in revenue, production growth, and cash flow, with notable discoveries indicating potential future growth. Despite some challenges in commodity prices and hedging adjustments, the overall sentiment is positive due to the significant highlights outweighing the lowlights.

Company Guidance -

Q3 2025

During the second quarter of 2025, Topaz Energy Corp reported strong financial and operational performance, with a notable 19% increase in royalty production, reaching 22,300 BOE per day. The growth was largely driven by acquisitions, contributing to a 37% rise in quarterly infrastructure processing revenue. Topaz generated total revenue of $81.2 million, with 46% from crude and heavy oil royalties, 26% from natural gas and NGL royalties, and 28% from infrastructure. The company achieved a free cash flow margin of 91%, up from 89% the previous year, resulting in net income of $28.2 million, a 50% increase year-over-year. The company maintained a dividend yield of 5.5% and allocated excess free cash flow towards strategic acquisitions, reaffirming its 2025 guidance with expectations of exiting the year with a net debt-to-EBITDA ratio of 1.2x. Despite challenging commodity prices, the company anticipates continued drilling activity with 28 to 32 active rigs on its royalty acreage.

Significant Increase in Royalty Production

Topaz reported a 19% increase in royalty production, with crude and heavy oil production up by 9% and natural gas and liquids production up by 23% compared to Q2 2024.

Strong Revenue Growth

Total second quarter revenue was $81.2 million, with a 37% increase in quarterly infrastructure processing revenue and a 25% increase in total processing revenue and other income compared to the prior year.

High Free Cash Flow Margin

Topaz achieved a 91% free cash flow margin, up from 89% last year, driven by higher royalty production, infrastructure processing revenue, hedging gain, and lower interest expenses.

Dividend Increase

Topaz distributed $52.3 million in quarterly dividends, reflecting a dividend increase and a 5.5% trailing annualized dividend yield.

Notable Discoveries and Exploration Success

The Grand Rapids pool discovery by Headwater and other significant explorations like the Belly River discovery by Tourmaline highlight potential growth opportunities.

Topaz Energy Corp (TSE:TPZ) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:TPZ Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 03, 2025	2025 (Q3)	0.06 / -	0.12	―	―	―
Jul 28, 2025	2025 (Q2)	0.09 / 0.18	0.12	50.00% (+0.06)	―	―
May 05, 2025	2025 (Q1)	0.09 / 0.14	0.04	250.00% (+0.10)	―	―
Feb 24, 2025	2024 (Q4)	0.11 / 0.12	0.13	-7.69% (-0.01)	―	―
Nov 04, 2024	2024 (Q3)	0.07 / 0.12	0.07	71.43% (+0.05)	―	―
Jul 29, 2024	2024 (Q2)	0.06 / 0.12	0.06	100.00% (+0.06)	―	―
Apr 29, 2024	2024 (Q1)	0.06 / 0.04	0.05	-20.00% (-0.01)	―	―
Mar 04, 2024	2023 (Q4)	0.05 / 0.13	0.13	0.00% (0.00)	―	―
Oct 30, 2023	2023 (Q3)	0.09 / 0.07	0.13	-46.15% (-0.06)	―	―
Jul 31, 2023	2023 (Q2)	0.06 / 0.06	0.34	-82.35% (-0.28)	―	―

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
Jul 28, 2025	C$26.08	C$26.36	+1.07%
May 05, 2025	C$22.90	C$23.29	+1.70%
Feb 24, 2025	C$24.82	C$24.04	-3.14%
Nov 04, 2024	C$25.98	C$26.58	+2.31%

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 Nov 03, 2025, Before Open (Confirmed).

What is Topaz Energy Corp (TSE:TPZ) earnings time?

Topaz Energy Corp (TSE:TPZ) earnings time is at Nov 03, 2025, Before Open (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 (Q3) is 0.06.

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