Surge Energy Reports Lower Q3 Net Income YoY, Raises Annual Base Dividend

09:45 AM EST, 11/05/2026 (MT Newswires) -- Surge Energy (SGY.TO) on Wednesday reported Q3 net income of CA$0.04 per share, down from CA$0.07 per share. Analysts polled by FactSet expected CA$0.20, with two analysts reporting. Total petroleum and natural gas revenue was CA$192.3 million, an increase from CA$143.3 million. The company produced 22,736 barrels of oil equivalent per day, falling from 23,622 boe per day. Surge will boost its annual base dividend by about 6% to CA$0.55 per share, from the previous dividend of CA$0.52 per share, effective for the Nov. 15 dividend announcement and payable on Dec. 15. Price: 10.99, Change: +0.01, Percent Change: +0.09