Topaz Energy (TPZE.F) Stock Overview

Operates as a royalty and infrastructure energy company in Canada. More details

TPZE.F fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	2/6
Past Performance	4/6
Financial Health	4/6
Dividends	2/6

Rewards

Trading at 52.3% below our estimate of its fair value

Earnings are forecast to grow 3.82% per year

Earnings grew by 21.8% over the past year

Risk Analysis

Dividend of 4.36% is not well covered by earnings or free cash flows

TPZE.F Community Fair Values

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Topaz Energy Corp. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Topaz Energy
Historical stock prices
Current Share Price	CA$22.96
52 Week High	CA$24.18
52 Week Low	CA$14.90
Beta	0.53
1 Month Change	9.48%
3 Month Change	9.65%
1 Year Change	40.02%
3 Year Change	64.23%
5 Year Change	103.32%
Change since IPO	92.57%

Recent updates

Shareholder Returns

	TPZE.F	US Oil and Gas	US Market
7D	1.4%	3.7%	-1.2%
1Y	40.0%	28.9%	19.2%

Return vs Industry: TPZE.F exceeded the US Oil and Gas industry which returned 28.9% over the past year.

Return vs Market: TPZE.F exceeded the US Market which returned 19.2% over the past year.

Price Volatility

Is TPZE.F's price volatile compared to industry and market?
TPZE.F volatility
TPZE.F Average Weekly Movement	2.9%
Oil and Gas Industry Average Movement	5.6%
Market Average Movement	6.7%
10% most volatile stocks in US Market	16.3%
10% least volatile stocks in US Market	3.2%

Stable Share Price: TPZE.F has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: TPZE.F's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2006	13	Marty Staples	www.topazenergy.ca

Topaz Energy Corp. operates as a royalty and infrastructure energy company in Canada. It operates through Royalty Production and Infrastructure segments. The company holds royalty interests on approximately 9 million gross acres of developed and undeveloped lands.

Topaz Energy Corp. Fundamentals Summary

How do Topaz Energy's earnings and revenue compare to its market cap?
TPZE.F fundamental statistics
Market cap	US$3.62b
Earnings (TTM)	US$94.76m
Revenue (TTM)	US$247.67m

37.4x

P/E Ratio

14.3x

P/S Ratio

Is TPZE.F overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TPZE.F income statement (TTM)
Revenue	CA$336.50m
Cost of Revenue	CA$6.53m
Gross Profit	CA$329.97m
Other Expenses	CA$201.23m
Earnings	CA$128.74m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

May 05, 2026

Earnings per share (EPS)	0.83
Gross Margin	98.06%
Net Profit Margin	38.26%
Debt/Equity Ratio	37.5%

How did TPZE.F perform over the long term?

See historical performance and comparison

Dividends

4.4%

Current Dividend Yield

161%

Payout Ratio

Does TPZE.F pay a reliable dividends?

See TPZE.F dividend history and benchmarks

When do you need to buy TPZE.F by to receive an upcoming dividend?
Topaz Energy dividend dates
Ex Dividend Date	Mar 13 2026
Dividend Pay Date	Mar 31 2026
Days until Ex dividend	6 days
Days until Dividend pay date	24 days

Does TPZE.F pay a reliable dividends?

See TPZE.F dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/03/06 01:50
End of Day Share Price	2026/03/06 00:00
Earnings	2025/12/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Topaz Energy Corp. is covered by 22 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Patrick O'Rourke	ATB Cormark
null null	BMO Capital Markets Equity Research
Randy Ollenberger	BMO Capital Markets Equity Research

Topaz Energy (TPZE.F) Stock Overview

Rewards

Risk Analysis

Topaz Energy Corp. Competitors

Crescent Energy

California Resources

Magnolia Oil & Gas

SM Energy

Price History & Performance

Recent News & Updates

Topaz Energy Corp. Provides Production Guidance for the Year 2026

Topaz Energy Corp. to Report Q2, 2026 Results on Jul 27, 2026

Topaz Energy Corp. has completed a Follow-on Equity Offering in the amount of CAD 200.8 million.

Topaz Energy Corp. Reconfirms Production Guidance for the Year 2025

Topaz Energy Corp. Approves Second Quarter 2025 Dividend, Payable on June 30, 2025

Topaz Energy Corp., Annual General Meeting, May 06, 2025

Recent updates

Topaz Energy Corp. Provides Production Guidance for the Year 2026

Topaz Energy Corp. to Report Q2, 2026 Results on Jul 27, 2026

Topaz Energy Corp. has completed a Follow-on Equity Offering in the amount of CAD 200.8 million.

Topaz Energy Corp. Reconfirms Production Guidance for the Year 2025

Topaz Energy Corp. Approves Second Quarter 2025 Dividend, Payable on June 30, 2025

Topaz Energy Corp., Annual General Meeting, May 06, 2025

Topaz Energy Corp. to Report Q3, 2025 Results on Nov 03, 2025

Topaz Energy Corp. Declares First Quarter 2025 Dividend, Payable on March 31, 2025

Topaz Energy Corp. (TSX:TPZ) acquired 35% working interest in 40 MMcf/d Natural Gas Processing Facility In Alberta Montney for CAD 43 million.

Topaz Energy Corp. to Report Q4, 2024 Results on Feb 24, 2025

Topaz Energy Corp. has completed a Follow-on Equity Offering in the amount of CAD 300.24 million.

Tourmaline Oil Corp. has filed a Follow-on Equity Offering in the amount of CAD 241.86 million.

Topaz Energy Corp. Provides Production Guidance for the Year 2024

Topaz Energy Corp. has completed a Follow-on Equity Offering in the amount of CAD 175.35 million.

Topaz Energy Corp. has filed a Follow-on Equity Offering in the amount of CAD 175.35 million.

Topaz Energy Corp. Declares Third Quarter 2024 Dividend, Payable on September 27, 2024; Estimates Dividend Guidance for the Year 2024

Topaz Energy Corp. Reaffirms Production Guidance for the Year 2024

Topaz Energy Corp. Provides Production Guidance for the Year 2024

Topaz Energy Corp. Declares Fourth Quarter Dividend, Payable on December 29, 2023

Topaz Energy Corp. (TSX:TPZ) acquired a 49.9% working interest in a newly constructed and commissioned sweet natural gas processing facility for CAD 39.5 million.

Topaz Energy Corp. (TSX:TPZ) entered into definitive agreements to acquire a 49.9% working interest in a newly constructed and commissioned sweet natural gas processing facility for CAD 39.5 million.

Topaz Energy Corp Appoints Jim Davidson as Directors

Topaz Energy Corp. to Report Q3, 2023 Results on Oct 30, 2023

Topaz Energy Corp. announced that it has received CAD 3.00675 million in funding

Topaz Energy Corp. (TSX:TPZ) completed the acquisition of All Assets of Reserve Royalty Income Trust .

Topaz Energy Corp. Declares Second Quarter Dividend, Payable on June 30, 2021

Topaz Energy Corp. (TSX:TPZ) entered into a definitive agreement to acquire All Assets of Reserve Royalty Income Trust for CAD 26 million.

Topaz Energy Corp. (TSX:TPZ) entered into a non binding agreement to acquire Royalty Interest in The Clearwater Area Of Alberta from Tamarack Valley Energy Ltd. for CAD 13.7 million.