Topaz Energy Corp. (TPZ) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. My name is Ina and I will be your conference operator today. At this time, I would like to welcome everyone to the Topaz Energy Corp. 4th Quarter 2024 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 one on your telephone keypad. If you would like to withdraw your question, please press star, then the number two. Thank you. Mr. Staples, you may begin your conference. Thank you, Ina, and welcome everyone to our discussion of Topaz Energy Corp's results as at and for the period ended December 31, 2024. My name is Marty Staples and I am the President and CEO of Topaz with the Today of Sri Stevenson CFO and VP 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 Forum 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 will start this morning by speaking to some of the recent and fourth quarter 2024 highlights. After these opening remarks, we will be open for questions. 2024 marked another year of transformational growth for Topaz. During the year, 430.6 million of royalty and infrastructure acquisitions were completed, which contributed to a 38% increase in annualized processing revenue, an 11% increase to year-end 2024 royalty production, and a 52% increase to our year-end royalty acreage. Topaz's fourth quarter royalty production averaged 20.3 thousand BOE per day, 8% higher than Q3 2024, while year-end 2024 royalty producti...