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Topaz Energy (TSX:TPZ) Sees 68% Surge in Net Earnings in 3Q2024, What’s Ahead?
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Highlights
Topaz Energy Corp. (TSX:TPZ) is a royalty and energy infrastructure company. It has a market cap of CAD 3.99 billion.
In the third quarter of 2024 (3Q2024), the company reported a total revenue of CAD 88.1 million, compared to CAD 82.1 million in the prior corresponding period (pcp). It was mainly due to higher processing revenue and unrealized gains. Total expenses decreased by 7.7% YoY, from CAD 67.5 million in pcp to CAD 62.3 million in 3Q2024, mainly due to lower depletion and depreciation expenses.
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