Topaz Energy Corp. (T:TPZ)
Business Focus: Oil Exploration & Production - Onshore
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| Company Contact | |
| Address: | Suite 3100, 250 - 6th Avenue SW CALGARY AB T2P 3H7 |
| Tel: | N/A |
| Website: | https://topazenergy.ca |
| IR: | See website |
| Key People | ||
| Michael L. Rose Chairman of the Board | Marty Staples President, Chief Executive Officer, Director | Cheree Stephenson Chief Financial Officer, Vice President - Finance |
| Business Overview |
| Topaz Energy Corp. is a Canada-based royalty and infrastructure energy company. The Company is primarily focused on developing its business by acquiring and developing relationship with natural gas producers, such as Tourmaline Oil Corp. It owns gross overriding royalty (GORR) interests on approximately 5.3 million acres of land located throughout the prolific natural gas plays in the Western Canadian Sedimentary Basin (WCSB). The Company has royalty interests in the Clearwater and Charlie Lake operating areas of Alberta, as well as working interest in a sweet natural gas processing facility and associated crude oil battery in the Wembley area. It has GORR interests on over 380 thousand acres of land located in the Clearwater area in Alberta. Its assets are located throughout Canada's resource plays, such as the NEBC Montney, Alberta Deep Basin, Central Alberta, Peace River High area of British Columbia/Alberta, Alberta Clearwater, Saskatchewan Weyburn and Manitoba. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Topaz Energy Corp revenues decreased 13% to C$321.4M. Net income decreased 52% to C$47.6M. Revenues reflect Royalties segment decrease of 18% to C$250.5M. Net income also reflects Interest Exp-Net of Capitalized Interest increase from C$13.6M to C$29.1M (expense), Depletion and depreciation increase of 4% to C$217.4M (expense). Dividend per share increased from C$1.10 to C$1.22. |
| Employees: | 12 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $3,641M as of Dec 31, 2023 |
| Annual revenue (TTM): | $321.42M as of Dec 31, 2023 |
| EBITDA (TTM): | $302.81M as of Dec 31, 2023 |
| Net annual income (TTM): | $47.64M as of Dec 31, 2023 |
| Free cash flow (TTM): | $119.69M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $388.18M as of Dec 31, 2023 |
| Shares outstanding: | 144,826,410 as of Mar 22, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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