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StockVS

TSX · Oil & Gas Midstream · CAD

Topaz Energy Corp. (TPZ.TO) Stock Analysis

Topaz Energy Corp. (TPZ.TO) is a Oil & Gas Midstream stock listed on TSX and quoted in Canadian Dollar.

TPZ.TO

CA$31.71

−CA$0.18 (−0.56%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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TPZ.TO Key Statistics

As of Sep 4, 2026
Trading
Open
CA$31.90
Previous Close
CA$31.89
Day's Range
31.40–31.90
52-Week Range
24.37–33.91
Volume
382.40K
Valuation
Market Cap
CA$4.91B
P/E Ratio
34.10
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
25.57
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
31.83
EPS (ttm)Profit attributable to each share over the last twelve months.
0.93
Financials (FY)
Revenue (FY)
CA$324.72M+8.31%
Net Income (FY)
CA$128.74M+21.85%
Profit marginThe share of revenue left as profit after all costs and taxes.
15.05%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
154.85M
1-Year Return
+33.12%
Dividend and dates
Dividend
CA$1.40+4.39%
Ex-Dividend Date
September 15, 2026
Earnings Date
November 2, 2026
Avg Volume
502.88K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

TPZ.TO Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+17.67%
2025+4.23%
2024+51.69%
2023−2.50%
2022+24.58%
2021+38.38%
2020 (partial year)+6.06%

As of September 4, 2026.

TPZ.TO Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025CA$324.72MCA$128.74M39.6%
2024CA$299.80MCA$105.66M35.2%
2023CA$306.69MCA$47.64M15.5%
2022CA$356.74MCA$99.36M27.9%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025CA$324.72MCA$189.59MCA$164.71MCA$128.74M39.6%
2024CA$299.80MCA$175.24MCA$152.79MCA$105.66M35.2%
2023CA$306.69MCA$89.30MCA$70.69MCA$47.64M15.5%
2022CA$356.74MCA$147.28MCA$130.83MCA$99.36M27.9%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

TPZ.TO Dividend History

CA$1.35+3.8% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*CA$0.692—
2025CA$1.354+3.8%
2024CA$1.304+6.6%
2023CA$1.224+10.9%
YearDividends per sharePaymentsChange
2026 (partial year)CA$0.692—
2025CA$1.354+3.8%
2024CA$1.304+6.6%
2023CA$1.224+10.9%
2022CA$1.104+29.4%
2021CA$0.854+325.0%
2020CA$0.201—

Most recent payment: CA$0.35 per share, ex-dividend June 15, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

TPZ.TO Valuation vs Oil & Gas Midstream Median

Median of 65 stocks
MetricTPZ.TOOil & Gas Midstream medianvs median
P/E34.1015.54119% above
P/S ratio31.832.6512.0x the median
Profit margin15.05%20.00%4.9 pts below

Medians across 65 Oil & Gas Midstream stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Analysis

Data-derived

Company Overview

Topaz Energy Corp. (TPZ.TO) is capitalised at CA$4.91B on the latest close. The company sits in the Energy sector, in the Oil & Gas Midstream industry. Headcount on file is 13.

The most recent close on file for TPZ.TO is CA$31.71, dated September 4, 2026. That is −CA$0.18 (−0.56%) against the previous close. Over the past 52 weeks the price has ranged from CA$24.37 to CA$33.91. The latest close sits 30.12% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to CA$324.72M. Against the prior fiscal year total of CA$299.80M, that is a change of +8.31%. The same year closed with net income of CA$128.74M. That is +21.85% against the prior fiscal year. The reported profit margin is 15.05%. That is 4.9 percentage points below the Oil & Gas Midstream median of 20%. Earnings per share on a trailing basis come to 0.93.

Across the 4 fiscal years on file, revenue moves from CA$356.74M in 2022 to CA$324.72M in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 34.1 times earnings. That is 119.43% above the Oil & Gas Midstream median of 15.54. The forward P/E on file is 25.57. Measured against sales, the shares trade at 31.83 times revenue. On price-to-sales that is 12 times the Oil & Gas Midstream median of 2.65. The medians here are taken across 65 Oil & Gas Midstream companies that report the metric.

Over the trailing twelve months the price has returned +33.12%. Measured over 5 years, that is +20.93% a year compounded. Annualized volatility over the trailing 5 years is 24.08%.

Growth & Income

Shareholders receive a dividend, yielding 4.39% on the latest price. That is 1 percentage points below the Oil & Gas Midstream median yield of 5.35%. At the indicated rate that is CA$1.40 a share a year. The ex-dividend date on file is September 15, 2026. Dividends are recorded for 7 calendar years; 2026 shows 2 payments totalling CA$0.69 a share. The year before, 2025, totalled CA$1.35 a share.

So far in 2026 the price is +17.67%. The strongest complete calendar year on file is 2024 at +51.69%; the weakest is 2023 at −2.50%. Of the 5 complete calendar years on file, 4 finished higher.

Peer Comparison

Topaz Energy Corp. (TPZ.TO) operates in the Oil & Gas Midstream industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Topaz Energy Corp. TPZ.TO CA$4.91B 34.1
Enbridge Inc. ENB CA$109.40B 26.9
The Williams Companies, Inc. WMB CA$90.70B 29.5
Enterprise Products Partners L.P. EPD CA$84.09B 13.6

The Oil & Gas Midstream industry average P/E ratio is 15.5x. Topaz Energy Corp. trades at a P/E of 34.1.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About Topaz Energy Corp.

Topaz Energy Corp. operates as a royalty and infrastructure energy company in Canada. It operates through Royalty Production and Infrastructure segments. The company holds royalty interests on approximately 9 million gross acres of developed and undeveloped lands. It is also involved in operating natural gas processing facilities; and associated crude oil and condensate handling facilities, as well as water management infrastructure. The company was formerly known as Exshaw Oil Corp. and changed its name to Topaz Energy Corp. in November 2019. Topaz Energy Corp. was incorporated in 2006 and is based in Calgary, Canada.

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