Topaz Energy Corp. (TPZ) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everybody. My name is Kelsey and I will be your conference operator for today. At this time, I would like to welcome everyone to the Topaz Energy Corp first quarter 2025 results conference call. All lines have been placed on mute to prevent any background noise. And after the speaker's remarks, there will be a question and answer session. If you'd like to ask a question during this time, simply press star, then the number one on your telephone keypad. If you'd like to withdraw your question, please press the star followed by the two. Thank you. Mr. Staples, you may begin your conference. Thank you and welcome everyone to our discussion of Topaz Energy Corps results as at and for the period ended March 31st, 2025. My name is Marty Staples, and I am President and CEO of Topaz. With me today is Sri Stevenson, CFO of BP Finance. Before we get started, I refer you to the advisories on forward-looking statements contained in the news release, as well as the advisories contained in the Topaz Annual Information Form and within our MD&A available on CDAR and our website. I also draw your attention to the material factors and assumptions in those advisories. We'll start this morning by speaking to some recent and first quarter 2025 highlights. After these open remarks, we'll be open for questions. Topaz had a strong first quarter marked by several new records achieved, including royalty production, quarterly drilling activity on our lands and infrastructure revenue. Our board has approved a 3% quarterly dividend increase to $0.34 per share, marking our ninth dividend increase and 70% dividend per share growth since inception. Topaz's first quarter royalty production was 22.4 thousand VOE per day and increased 10% from the prior quarter and 17% higher than the pri...