Topaz Energy Posts C$0.32 in Q3 2026 Adjusted Net Income Per Share

Topaz Energy’s quarterly totals included C$104.334 million in revenue and other income, while adjusted net income per share came to C$0.32, up from C$0.20 in Q3 2025.

For the three months ended Sept. 30, total revenue and other income was C$104.334 million, compared with C$76.443 million in the third quarter of 2025. Adjusted net income totaled C$50.335 million in Q3, versus C$30.337 million in Q3 2025. Adjusted net income per basic and diluted share was C$0.32, compared with C$0.20 a year earlier.

Net income was C$32.021 million, or C$0.21 per diluted share, versus C$25.573 million, or C$0.17 per diluted share, in the year-earlier quarter. The adjusted measure excludes noncash effects from unrealized gains and losses on financial instruments. Adjusted net income is a non-GAAP measure, and adjusted net income per share is a supplementary financial measure.

Average royalty production was 23,507 barrels of oil equivalent per day, up 9% from 21,596 a year earlier. Realized commodity pricing increased 42% year over year. The company’s total revenue and other income was divided between its royalty portfolio, at 78%, and infrastructure and other income, at 22%.

Topaz is a royalty and infrastructure energy company, and its common shares trade on the Toronto Stock Exchange under the symbol TPZ. The company announced the quarterly results Monday, Nov. 2. All financial amounts are in Canadian dollars, and the interim financial statements are unaudited.

For the fourth quarter, directors set a C$0.35-a-share dividend, payable Dec. 31 to shareholders registered on Dec. 15. Topaz also reaffirmed its 2026 guidance for average royalty production of 23,900 to 24,300 barrels of oil equivalent per day and year-end net debt of C$425 million to C$430 million.