Canada's Topaz Energy Q4 net income rises 64% yr/yr

Topaz Energy

24/02/2026 21:42

Overview

Canada energy firm's Q4 net income rose 64% yr/yr

Q4 royalty production revenue grew 15% yr/yr

Company announced Q1 2026 dividend of $0.34 per share

Outlook

Topaz Energy expects 2026 royalty production between 23,500 and 23,900 boe/d

Company projects 2026 infrastructure revenue of $92.0 to $94.0 mln

Topaz anticipates exiting 2026 with net debt between $420.0 and $425.0 mln

Result Drivers

ROYALTY PRODUCTION - Q4 2025 royalty production increased 15% yr/yr, contributing to higher revenue

INFRASTRUCTURE REVENUE - Infrastructure processing revenue grew 10% yr/yr, boosting total revenue

HEDGING GAINS - Realized hedging gain contributed to higher net income and cash flow

Company press release: ID:nCNWFnbvNa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Net Income
C$32.69 mln
Q4 Capex
C$887,000
Q4 EBITDA
C$86.99 mln
Q4 Free Cash Flow
C$79.67 mln
Q4 Net Debt
C$517.49 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil & gas exploration and production peer group is "buy"

Wall Street's median 12-month price target for Topaz Energy Corp is C$32.00, about 5.9% above its February 23 closing price of C$30.21

The stock recently traded at 61 times the next 12-month earnings vs. a P/E of 43 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)