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Generating free cash flow growth while paying reliable and sustainable dividends to shareholders.

Topaz is led by a strong, creative management team that draws from its unique industry experience to create a modern hybrid company focused on growth, sustainability and delivering strong financial performance.

Financial Reports

  1. 2023
    1. Q1
    2. Q2
    3. Q3
    4. Q4
    5. AIF
  2. 2022
    1. Q1
    2. Q2
    3. Q3
    4. Q4
    5. AIF
  3. 2021
    1. Q1
    2. Q2
    3. Q3
    4. Q4
    5. AIF
  4. 2020
    1. Q1
    2. Q2
    3. Q3
    4. Q4
    5. AIF

Annual Meeting Materials

Corporate Presentation

Corporate Presentation Spring 2024

Latest News
Topaz Continues to Deliver Reliable, High-Margin Revenue & Significant Operator-Funded Reserve Replacement and Announces Dividend Increase
Mar 04, 2024


Topaz's dividend policy undergoes a quarterly review by the Board of Directors and is subject to change at any time depending upon the earnings of the Company, its financial requirements and other factors existing at the time.

Topaz's history on dividend payments is as follows:

March 31, 2020: $0.20

June 30, 2020: $0.20

September 30, 2020: $0.20

December 31, 2020: $0.20

March 31, 2021: $0.20

June 30, 2021: $0.20

September 30, 2021: $0.21

December 31, 2021: $0.24

March 31, 2022: $0.26

June 30, 2022: $0.26

September 29, 2022: $0.28

December 30, 2022: $0.30

March 31, 2023: $0.30

June 30, 2023: $0.30

September 29, 2023: $0.31

December 29, 2023: $0.31

March 28, 2024: $0.32

Dividend Tax Information

This summary is of a general nature only and is not intended to be nor should it be construed to be legal or tax advice to any particular shareholder. Shareholders are encouraged to consult their own tax advisors regarding the tax consequences and reporting obligations to them of receiving cash dividends.

Canadian Resident Individual Shareholders

Unless otherwise indicated, dividends paid by Topaz will be designated as β€œeligible dividends” for Canadian income tax purposes, unless otherwise noted. An eligible dividend paid to a Canadian resident is entitled to the enhanced dividend credit. If you have any questions regarding the taxation of eligible dividends, please contact a tax advisor or the Canada Revenue Agency.

Non-Resident Shareholders

Shareholders who are not residents of Canada for income tax purposes are encouraged to consult a tax advisor in their country of residence regarding the taxation of Canadian dividends. Dividends paid to non-residents of Canada are subject, on the date of payment, to a withholding tax of 25%, as prescribed by the Income Tax Act (Canada). This withholding tax may be reduced in accordance with reciprocal tax treaties. U.S. shareholders who are non-residents of Canada and hold their Topaz common shares in a taxable US account will be subject to Canadian withholding tax. The withholding tax rate is 25%; however, the Canada–U.S. Income Tax Treaty generally reduces the withholding rate on dividends to 15%.

United States Shareholders

In consultation with Topaz's U.S. tax advisors, we believe Topaz may be classified as a passive foreign investment company (β€œPFIC”) under United States federal income tax. As such, dividends to taxable individual shareholders who are United States taxpayers may be subject to the regimes of United States federal income taxation applicable to PFICs.

Shareholders who are United States taxpayers should discuss with their tax advisors the reporting requirements with respect to owning shares in a PFIC. In order to allow shareholders the ability to make a Qualified Electing Fund election, on an annual basis Topaz will provide a PFIC Annual Information Statement on its corporate website. Shareholders should contact their own tax advisors for information on correctly completing Form 8621.

2023 PFIC Annual Information Statement

2022 PFIC Annual Information Statement

Analyst Coverage

Analysts currently provide research coverage on Topaz Energy. Opinions, estimates or forecasts regarding Topaz's performance made by these analysts are not the opinions, estimates or forecasts of Topaz Energy. The list below is provided only as a convenience, for information purposes only and is subject to change.

  • Brent Watson

    Cormark Securities
  • Jamie Kubik

    CIBC World Markets
  • Matthew Weekes

    Industrial Alliance Securities
  • Jeremy McCrea

    BMO Capital Markets
  • Cam Bean

  • Michael Dunn

    STIFEL FirstEnergy
  • Dan Payne

    National Bank Financial
  • Tyler Reardon

    Peters & Co.
  • Luke Davis

    RBC Capital Markets
  • Mike Mueller

    Canaccord Genuity
  • Raymond James

  • Jeffrey Craig

    Veritas Investment Research
  • Chris MacCulloch

    Desjardins Securities Inc.
  • Aaron Bilkoski

    TD Securities Inc.
  • Patrick O'Rourke

    ATB Capital Markets
  • Jeoffrey Lambujon

    Tudor Pickering Holt & Co
  • Anthony Linton

    Jefferies Securities Inc.

Shareholder Information

Transfer Agent Contact Information

Odyssey Trust (Toll Free)



Schedule of Events
  • Q3 2024 Results


    After market close

  • Q2 2024


    After market close

  • 2024 Annual Shareholder Meeting


    9:00 AM MST, Calgary Petroleum Club (Forester Room)

  • Q1 2024 Results


    After market close

  • Q4 2023 Results


    After market close
    Conference Call - Tuesday March 5, 2024 Playback: http://playback.conferenceconsole.com/recordings/rec66142057_20240305100802.mp3

  • Q3 2023 Results


    After market close
    Conference Call - October 31, 2023 Playback: http://playback.conferenceconsole.com/recordings/rec52087367_20231031072259.mp3

  • 2023 Annual Shareholder Meeting


    9:00 AM (MST)
    Calgary Petroleum Club (McMurray Room)
    319 5th Avenue SW, Calgary, Alberta

  • Q2 2023 Results


    After market close
    Conference Call - August 1, 2023 Playback: http://playback.conferenceconsole.com/recordings/rec76435486_20230801103005.mp3

  • Q1 2023 Results


    After market close
    Conference Call - May 2, 2023 9AM MST Playback: http://playback.conferenceconsole.com/recordings/rec89886273_20230502103812.mp3

  • Q4 2022 Results


    After market close
    Conference Call - March 1, 2023 9AM MST Playback: http://playback.conferenceconsole.com/recordings/rec47368111_20230301103218.mp3

  • Q3 2022 Results


    After market close
    Conference Call - November 2, 2022 9AM MST
    Q3 2022 Conference Call Playback: http://playback.conferenceconsole.com/recordings/rec35321397_20221102102734.mp3

  • Q2 2022 Results


    After market close
    Conference Call - July 27, 2022 9AM MST
    Q2 2022 Conference Call Playback: http://playback.conferenceconsole.com/recordings/rec09649241_20220727095809.mp3

  • 2022 Annual Meeting of Shareholders


    9:00 AM (MST)
    Calgary Petroleum Club (McMurray Room)
    319 5th Avenue SW, Calgary, Alberta

  • Q1 2022 Results


    After market close
    Conference Call - May 4, 2022 9AM MST
    Q1 2022 Conference Call Playback: http://playback.conferenceconsole.com/recordings/rec13611719_20220504101942.mp3

  • Q4 2021 Results


    After market close
    Conference Call - March 2, 2022 9AM MST
    Q4 2021 Conference Call Playback: http://playback.conferenceconsole.com/recordings/rec40291211_20220302101859.mp3

  • Q3 2021 Results


    After market close
    Conference Call - November 5, 2021 9AM MST
    Q3 2021 Conference Call Playback: http://playback.conferenceconsole.com/recordings/rec49622828_20211105104103.mp3

  • Q2 2021 Results


    After market close
    Conference Call - July 30, 2021 9AM MST
    Q2 2021 Conference Call Playback: playback.conferenceconsole.com/recordings/rec14446806_20210730104544.mp3

  • 2021 Annual & Special Meeting of Shareholders (Virtual)



  • Q1 2021 Results


    After market close
    Conference Call - May 7, 2021 9AM MST
    Q1 2021 Conference Call Playback: Β http://playback.conferenceconsole.com/recordings/rec79413805_20210507102847.mp3

  • Q4 2020 Results


    After market close
    Conference Call - March 18, 2021 9AM MST
    Q4 2020 Conference Call Playback: http://playback.conferenceconsole.com/recordings/rec26428688_20210318103551.mp3

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