RY 177.01 0.6883% SHOP 160.59 1.9813% TD 79.5 0.3915% ENB 61.235 0.0899% BN 85.24 -0.7337% TRI 235.64 1.7136% CNQ 46.59 -3.2198% CP 107.21 0.7897% CNR 154.03 0.2473% BMO 134.48 0.2908% BNS 77.73 0.8171% CSU 4729.0601 1.6996% CM 89.49 0.2128% MFC 45.49 0.7977% ATD 82.87 -0.1927% NGT 58.33 -0.2906% TRP 67.805 -0.9857% SU 54.03 -1.495% WCN 268.65 -0.3043% L 187.73 0.7514%

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Topaz Energy (TSX:TPZ) Forecasts FY24 Royalty Production Growth Upto 20,000 boe/d

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Highlights

Topaz Energy Corp. (TSX:TPZ) is a Canada-based royalty and energy infrastructure company. It has a market cap of CAD 4.26 billion. The company’s annual dividend yield stands at 4.74%.

In Q3 2024, the company reported a total revenue of CAD 88.1 million, a 7.3% increase from CAD 82.1 million in the prior corresponding period (pcp). This growth was primarily driven by higher processing revenue and unrealized gains. Total expenses in Q3 2024 decreased by 7.7% to CAD 62.3 million, compared to CAD 67.5 million in pcp, mainly due to reduced depletion and depreciation costs.

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