Topaz Energy Corp. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was CAD 83.43 million compared to CAD 55.83 million a year ago. Net income was CAD 19.38 million compared to CAD 5.01 million a year ago. Basic earnings per share from continuing operations was CAD 0.13 compared to CAD 0.04 a year ago. Diluted earnings per share from continuing operations was CAD 0.13 compared to CAD 0.04 a year ago.
For the nine months, revenue was CAD 266.9 million compared to CAD 129.08 million a year ago. Net income was CAD 80.26 million compared to CAD 11.29 million a year ago. Basic earnings per share from continuing operations was CAD 0.57 compared to CAD 0.09 a year ago. Diluted earnings per share from continuing operations was CAD 0.56 compared to CAD 0.09 a year ago.