RY 173.53 0.0461% SHOP 159.5 1.56% TD 76.22 0.8068% ENB 60.09 0.0333% BN 82.79 0.988% TRI 234.13 -0.1706% CNQ 43.47 0.6949% CP 105.63 0.4756% CNR 148.07 0.5637% BMO 139.11 -0.2152% BNS 77.03 -0.0649% CSU 4547.4502 0.8243% CM 92.53 0.2383% MFC 44.05 0.0454% ATD 80.59 0.1989% NGT 54.92 0.1459% TRP 66.54 0.2561% SU 50.61 0.4765% WCN 248.6 1.1885% L 191.07 -0.4325%
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Topaz Energy (TSX: TPZ) Forecasts Higher Royalty Income In FY24 As Output Set To Grow Upto 19,600 boe/d
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Highlights
Topaz Energy Corp. (TSX: TPZ) has a market capitalization of CAD 4.08 billion. The Canadian Royalty and Infrastructure Energy company assembled its asset portfolio during a generational M&A opportunity environment.
In Q2 2024, the company reported net revenue of CAD 83.9 million, up 4.6% from CAD 80.2 million in the prior corresponding period (pcp). The revenue surge was mainly steered by higher royalty production income and an unrealized gain. Total expenses for Q2 2024 were lower at CAD 59.9 million, compared to CAD 67.1 million in pcp, reflecting a 10.7% decrease. This reduction in expenses was mainly attributed to lower operating costs and a decrease in depletion and depreciation expenses.
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