Canada's Surge Energy 2025 revenue falls 13%
Overview
Canada oil and gas firm's 2025 revenue fell 13% yr/yr
Company's Q4 net loss of C$7.1 mln
Outlook
Surge Energy estimates 2026 average production of 23,000 boepd
Company forecasts 2026 adjusted funds flow of $265 mln
Surge Energy plans to drill 60 gross wells in 2026
Result Drivers
PRODUCTION EXCEEDANCE - Surge exceeded its 2025 production estimates by nearly 1,000 boepd due to strong drilling and waterflood results in Sparky and SE Saskatchewan
COST REDUCTION - Surge reduced capital expenditures by more than C$35 mln compared to 2024, enhancing capital efficiency
Company press release: ID:nCNWYlwKLa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Oil Sales |
| C$121.2 mln |
|
Q4 EPS |
| -C$0.07 |
|
Q4 Net Income |
| -C$7.09 mln |
|
Q4 Cash Flow from Operating Activities |
| C$59.70 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the oil & gas exploration and production peer group is "buy"
Wall Street's median 12-month price target for Surge Energy Inc (Alberta) is C$9.00, about 9.1% above its March 3 closing price of C$8.25
The stock recently traded at 60 times the next 12-month earnings vs. a P/E of 26 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
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