Breakdown | ||||
Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|
Income Statement | Total Revenue | |||
299.80M | 306.69M | 356.74M | 198.61M | 89.64M | Gross Profit |
103.36M | 89.30M | 147.28M | 43.19M | 4.15M | EBIT |
0.00 | 70.69M | 143.16M | 43.07M | 4.75M | EBITDA |
292.54M | 315.42M | 351.57M | 193.10M | 88.22M | Net Income Common Stockholders |
46.39M | 47.64M | 99.36M | 27.56M | 3.09M |
Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
10.75M | 3.46M | 6.24M | 801.00K | 220.19M | Total Assets |
1.89B | 1.65B | 1.84B | 1.61B | 1.01B | Total Debt |
540.40M | 391.64M | 464.58M | 276.86M | 0.00 | Net Debt |
540.25M | 388.18M | 464.58M | 276.86M | -220.19M | Total Liabilities |
578.33M | 403.37M | 473.44M | 286.83M | 2.82M | Stockholders Equity |
1.32B | 1.24B | 1.36B | 1.32B | 1.01B |
Cash Flow | Free Cash Flow | |||
-161.63M | 246.03M | -36.81M | 162.24M | 82.39M | Operating Cash Flow |
276.27M | 300.58M | 317.88M | 165.02M | 83.64M | Investing Cash Flow |
-439.99M | -51.96M | -354.10M | -921.40M | -172.63M | Financing Cash Flow |
160.41M | -245.16M | 36.22M | 536.20M | 301.04M |
Topaz Energy Corp reported record financial results for 2024, driven by strategic acquisitions and increased production. The company achieved a 23% increase in reserves and a 14% rise in year-end royalty production compared to 2023. With a strong cash flow and a sustainable dividend strategy, Topaz is well-positioned for continued growth in 2025, supported by increased drilling activity and operator-funded capital investments.
Topaz Energy Corp announced the acquisition of a gross overriding royalty interest and a 35% working interest in a natural gas processing facility in the Alberta Montney for $43 million. This acquisition is expected to generate approximately $5 million in annualized revenue, with potential for growth from future acreage development. The acquisition is backed by contractual commitments for development capital and take-or-pay agreements, ensuring minimal financial risk to Topaz. This strategic move is anticipated to strengthen Topaz’s market position and enhance its revenue streams, providing significant implications for stakeholders.