Topaz Energy Corp. (TPZ) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. My name is Jenny, and I will be your conference operator today. At this time, I would like to welcome everyone to the Topaz Energy Corp. Second Quarter 2025 Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star, then the number 1 on your telephone keypad. If you would like to withdraw your question, please press star, followed by 2. Thank you. Mr. Scott Kirker, you may begin your conference. Thank you, Jenny, and welcome everyone to our discussion of Topaz Energy Corps results as of June 30, 2025, and for the three and six months ended June 30, 2025, and 2024. I'm Scott Kirker, and I'm the General Counsel for Topaz. 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 Forum and our MD&A available on CDAR and on our website. I also draw your attention to the material factors and assumptions in these advisors. I am here with Marty Staples, Topaz's president, and Cherie Stevenson, vice president of finance and chief financial officer for Topaz. We will start by speaking to some of the highlights of the last quarter and our year so far. After these opening remarks, we will be open for questions. Marty, go ahead. Thanks, Scott. Good morning, everyone. Topaz had a strong second quarter marked by significant increases in royalty production, infrastructure processing revenue, drilling activity, and wells brought on production. The acquisitions completed over the last year contributed 70% of our royalty production growth and led to a 37% increase in quar...