Topaz Energy Reports Strong Q2 Performance with Increased Production and Cash Flow
Topaz Energy (TSE:TPZ) reported strong second-quarter results in 2026, driven by increased royalty production, cash flow, and free cash flow. Royalty production rose 9% year-over-year to 24,233 BOE per day, with liquids royalties reaching a record high of 7,178 barrels per day due to drilling activity on its Clearwater lands. The company raised its full-year royalty-production guidance to between 23,900 and 24,300 BOE per day following increased drilling across the Western Canadian Sedimentary Basin. Topaz also completed a C$38.7 million acquisition covering over 500 future drilling locations while maintaining its dividend at C$0.35 per share with plans to keep payout ratios low for flexibility. Infrastructure operations performed well, generating C$20.7 million in processing revenue and operating at high utilization rates.
Tickers: $TPZ