Topaz Energy Corp. (TPZ) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. My name is Ludi, and I will be your conference operator today. At this time, I would like to welcome everyone to the Topaz Energy Corp fourth quarter and 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 the star followed by the number one on your telephone keypad. And if you would like to withdraw your question, please press the star too. Thank you. Mr. Staples, you may begin your conference. Thank you, Ludi, and welcome everyone to our discussion of Topaz Energy Corp results as at and for the period ended December 31st, 2025. My name is Marty Staples, and I'm the president and CEO of Topaz. With me today is Shree 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 2025 highlights. After these open remarks, we will be open for questions. 2025 marked another year of impressive growth for Topaz, highlighted by a 17% increase to royalty production, 20% higher infrastructure revenue, and a 10% increase Topaz's fourth quarter royalty production averaged 23.4 thousand BOE per day and increased 15% from the prior year, which is driven by record oil and liquids production of 6.9 thousand barrels per day in the quarter. Full year 2025 royalty production of 22.4 thousand BOE per day increased ...