Surge Energy Announces Third-Quarter Results, Budget and Dividend Increase
Surge Energy announced third-quarter financial and operating results, a 2027 capital and operating budget, and an increase to its base dividend.
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10:28:55 PM UTC
SquawkNews
Surge reported Q3 production of 22,736 boepd and $15.6M free cash flow. For 2027, it forecasts $145M free cash flow and 25,000 boepd production at US$80 WTI, and anticipates increasing its annual base dividend approximately 6%, from $0.52 to $0.55 per share.Material DetailsContext by AI AnalystThis…