See more : Graphjet Technology Sdn. Bhd. (GTI) Income Statement Analysis – Financial Results
Complete financial analysis of Surge Energy Inc. (ZPTAF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Surge Energy Inc., a leading company in the Oil & Gas Exploration & Production industry within the Energy sector.
You may be interested
- Natoco Co., Ltd. (4627.T) Income Statement Analysis – Financial Results
- Penguin International Limited (BTM.SI) Income Statement Analysis – Financial Results
- Mercari, Inc. (MRCIF) Income Statement Analysis – Financial Results
- Heartland BancCorp (HLAN) Income Statement Analysis – Financial Results
- Kajaria Ceramics Limited (KAJARIACER.BO) Income Statement Analysis – Financial Results
Surge Energy Inc. (ZPTAF)
About Surge Energy Inc.
Surge Energy Inc. explores for, develops, and produces oil and gas in western Canada. The company holds interest in the Greater Sawn Lake assets located in Northern Alberta; Valhalla/Wembley property located in northwestern Alberta; Sparky assets located between Provost and Wainwright in eastern Alberta and western Saskatchewan; and Shaunavon properties located to the southwest of Swift Current, Saskatchewan. It holds an average working interest of approximately 84% in approximately 123,884 net developed acres and approximately 83% in approximately 68,031 net undeveloped acres in Greater Sawn area; approximately 70% in approximately 22,920 net developed acres and approximately 72% in approximately 10,680 net undeveloped acres in Valhalla area; and approximately 90 % in approximately 59,655 net developed acres and 98% in approximately 47,398 net undeveloped acres in Sparky area. As of December 31, 2021, it held interests in 362 net oil and 20 net gas wells in Greater Sawn area; 100 net oil and 9 net gas wells in Valhalla area; 424 net oil and 6 net gas wells in Sparky area; and 185 net oil wells, as well as an average working interest of approximately 100% in approximately 24,249 net developed acres and 12,021 net undeveloped acres in the Shaunavon properties. The company was formerly known as Zapata Energy Corporation and changed its name to Surge Energy Inc. in June 2010. Surge Energy Inc. was incorporated in 1998 and is headquartered in Calgary, Canada.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 558.64M | 734.47M | 414.64M | 215.82M | 398.65M | 307.37M | 240.91M | 165.57M | 237.90M | 485.69M | 271.93M | 192.66M | 125.64M | 58.37M | 42.50M | 71.25M | 54.40M | 54.89M | 58.94M | 35.14M | 20.62M | 8.39M | 6.39M | 5.33M | 632.19K | 1.00 |
| Cost of Revenue | 210.01M | 269.86M | 170.68M | 129.54M | 215.29M | 157.42M | 118.66M | 103.07M | 160.97M | 248.63M | 132.08M | 104.38M | 56.28M | 27.39M | 20.05M | 32.18M | 9.24M | 8.42M | 26.70M | 11.27M | 7.38M | 2.86M | 1.30M | 820.93K | 204.25K | 0.00 |
| Gross Profit | 348.63M | 464.61M | 243.96M | 86.28M | 183.37M | 149.94M | 122.25M | 62.50M | 76.93M | 237.06M | 139.85M | 88.28M | 69.36M | 30.98M | 22.45M | 39.07M | 45.16M | 46.46M | 32.24M | 23.86M | 13.24M | 5.53M | 5.10M | 4.51M | 427.94K | 1.00 |
| Gross Profit Ratio | 62.41% | 63.26% | 58.84% | 39.98% | 46.00% | 48.78% | 50.75% | 37.75% | 32.34% | 48.81% | 51.43% | 45.82% | 55.20% | 53.08% | 52.82% | 54.83% | 83.02% | 84.65% | 54.70% | 67.92% | 64.21% | 65.90% | 79.72% | 84.59% | 67.69% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 11.31K |
| General & Administrative | 19.16M | 32.82M | 24.26M | 27.98M | 32.43M | 29.52M | 22.57M | 25.84M | 25.21M | 28.74M | 30.62M | 21.60M | 13.22M | 11.54M | 4.27M | 4.15M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 8.77M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 27.93M | 32.82M | 24.26M | 27.98M | 32.43M | 29.52M | 22.57M | 25.84M | 25.21M | 28.74M | 30.62M | 21.60M | 13.22M | 11.54M | 4.27M | 4.15M | 21.71M | 21.87M | 3.59M | 4.40M | 1.21M | 869.93K | 366.42K | 332.16K | 72.75K | 11.31K |
| Other Expenses | 0.00 | -1.94M | -2.14M | 0.00 | 0.00 | -5.29M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5.41M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 27.93M | 196.66M | 139.77M | 129.04M | 153.74M | 134.40M | 96.87M | 86.88M | 119.20M | 136.01M | 80.47M | 60.33M | 60.98M | 35.72M | 24.13M | 26.80M | 41.68M | 38.42M | 14.99M | 12.21M | 6.44M | 3.27M | 2.08M | 1.36M | 191.81K | 11.31K |
| Cost & Expenses | 237.94M | 466.52M | 310.45M | 258.58M | 369.03M | 291.82M | 215.53M | 189.95M | 280.17M | 384.64M | 212.56M | 164.71M | 117.26M | 63.11M | 44.18M | 58.98M | 50.92M | 46.84M | 41.69M | 23.49M | 13.82M | 6.13M | 3.37M | 2.19M | 396.06K | 11.31K |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5.20K | 97.87K | 99.61K | 161.86K | 3.63K | 0.00 | 1.88K |
| Interest Expense | 40.69M | 25.94M | 31.65M | 30.36M | 30.20M | 17.63M | 10.84M | 6.47M | 13.50M | 17.24M | 9.85M | 6.81M | 4.19M | 998.00K | 2.04M | 2.04M | 2.72M | 1.66M | 1.03M | 955.75K | 656.48K | 346.16K | 89.82K | 189.49K | 0.00 | 0.00 |
| Depreciation & Amortization | 251.32M | 149.32M | 117.20M | 108.47M | 168.21M | 118.64M | 92.24M | 86.68M | 122.88M | 161.70M | 82.41M | 69.26M | 48.49M | 23.68M | 19.02M | 19.59M | 19.98M | 16.55M | 11.40M | 7.82M | 5.23M | 2.40M | 1.71M | 1.03M | 119.07K | 0.00 |
| EBITDA | 307.51M | 331.97M | 214.27M | -565.62M | 193.04M | 129.68M | 113.94M | 61.87M | -144.82M | 286.03M | 78.12M | 5.62M | 56.87M | 13.68M | 17.34M | 31.86M | 23.45M | 24.59M | 28.65M | 19.47M | 12.03M | 4.66M | 4.73M | 4.17M | 355.19K | -11.31K |
| EBITDA Ratio | 55.05% | 55.35% | 51.68% | 28.86% | 48.42% | 42.19% | 47.30% | 35.78% | 33.76% | 58.89% | 52.14% | 50.46% | 45.26% | 23.18% | 40.81% | 44.72% | 43.12% | 44.81% | 48.62% | 55.40% | 58.33% | 55.54% | 73.98% | 78.35% | 56.18% | -1,130,600.00% |
| Operating Income | 320.70M | 264.21M | 102.05M | -42.76M | 29.59M | 15.46M | 30.33M | -22.39M | -52.84M | 143.36M | 24.68M | -71.50M | 8.38M | -5.74M | -1.68M | 12.28M | 3.48M | 8.05M | 17.25M | 11.65M | 6.80M | 2.26M | 3.02M | 3.14M | 236.13K | -11.31K |
| Operating Income Ratio | 57.41% | 35.97% | 24.61% | -19.81% | 7.42% | 5.03% | 12.59% | -13.52% | -22.21% | 29.52% | 9.08% | -37.11% | 6.67% | -9.83% | -3.95% | 17.23% | 6.40% | 14.66% | 29.27% | 33.16% | 32.97% | 26.94% | 47.25% | 58.96% | 37.35% | -1,130,600.00% |
| Total Other Income/Expenses | -300.08M | -254.56M | 180.72M | -768.04M | -230.14M | -102.13M | -38.68M | -93.82M | -228.05M | -198.66M | -155.73M | 0.00 | -4.19M | -1.29M | -2.04M | -2.04M | -3.57M | -1.66M | -1.03M | -950.56K | -558.61K | -346.16K | 72.04K | -185.86K | -100.46K | 11.31K |
| Income Before Tax | 20.62M | 159.40M | 396.22M | -706.33M | -200.52M | -86.59M | -8.35M | -31.53M | -280.90M | -55.30M | -13.94M | -71.50M | 4.19M | -11.15M | -3.72M | 10.23M | -88.92K | 6.38M | 16.21M | 10.70M | 6.14M | 1.91M | 3.09M | 2.95M | 135.67K | 0.00 |
| Income Before Tax Ratio | 3.69% | 21.70% | 95.56% | -327.28% | -50.30% | -28.17% | -3.47% | -19.04% | -118.07% | -11.39% | -5.13% | -37.11% | 3.33% | -19.10% | -8.74% | 14.36% | -0.16% | 11.63% | 27.51% | 30.44% | 29.78% | 22.82% | 48.38% | 55.47% | 21.46% | 0.00% |
| Income Tax Expense | 4.87M | -72.32M | -11.39M | 40.97M | -41.85M | -15.05M | -1.68M | -1.11M | -67.01M | -22.13M | -4.05M | -18.25M | 2.09M | -821.00K | -1.60M | 2.53M | -1.97M | 450.14K | 6.31M | 3.39M | 1.19M | 976.84K | 1.11M | 1.20M | 20.51K | 9.42K |
| Net Income | 15.75M | 231.72M | 407.61M | -747.30M | -158.66M | -71.53M | -6.67M | -30.42M | -213.89M | -33.18M | -9.89M | -53.24M | 2.10M | -10.33M | -2.11M | 7.70M | 1.88M | 5.93M | 9.90M | 7.30M | 4.95M | 942.76K | 1.99M | 1.76M | 115.16K | -9.42K |
| Net Income Ratio | 2.82% | 31.55% | 98.30% | -346.26% | -39.80% | -23.27% | -2.77% | -18.37% | -89.91% | -6.83% | -3.64% | -27.64% | 1.67% | -17.69% | -4.97% | 10.80% | 3.46% | 10.81% | 16.80% | 20.78% | 24.03% | 11.23% | 31.06% | 33.01% | 18.22% | -942,300.00% |
| EPS | 0.16 | 2.74 | 7.42 | -18.90 | -4.26 | -2.47 | -0.25 | -1.16 | -8.24 | -1.41 | -0.83 | -6.38 | 0.34 | -2.41 | -1.08 | 3.83 | 0.94 | 2.98 | 5.19 | 3.87 | 2.55 | 0.55 | 1.53 | 1.79 | 0.17 | -0.01 |
| EPS Diluted | 0.16 | 2.66 | 7.28 | -18.90 | -4.26 | -2.47 | -0.25 | -1.16 | -8.24 | -1.41 | -0.83 | -6.38 | 0.34 | -2.41 | -1.08 | 3.83 | 0.94 | 2.89 | 5.19 | 3.87 | 2.42 | 0.51 | 1.49 | 1.53 | 0.17 | -0.01 |
| Weighted Avg Shares Out | 98.79M | 84.62M | 54.93M | 39.54M | 37.25M | 28.97M | 26.85M | 26.15M | 25.96M | 23.57M | 11.95M | 8.35M | 6.78M | 4.29M | 1.96M | 2.01M | 2.01M | 1.99M | 1.91M | 1.89M | 1.94M | 1.71M | 1.30M | 984.87K | 970.59K | 970.59K |
| Weighted Avg Shares Out (Dil) | 101.02M | 87.02M | 55.99M | 39.54M | 37.25M | 28.97M | 26.85M | 26.15M | 25.96M | 23.57M | 11.95M | 8.35M | 6.91M | 4.29M | 1.96M | 2.01M | 2.01M | 2.05M | 2.00M | 2.03M | 2.05M | 1.85M | 1.33M | 1.15M | 970.59K | 970.59K |
Surge Energy: A Profitable Canadian Conventional Opportunity
Surge Energy is a conventional operator. Surge Energy has a debt ratio below 1. The wells are smaller and cheap to drill. This allows for quick adjustment to changing industry conditions.
Surge Energy Is Getting There, But It Needs Higher Oil Prices (Valuation Downgrade)
Surge Energy has reached its second phase of the capital allocation scheme, resulting in a higher dividend yield of 7.6%. With US$75-WTI, Surge should be making ~C$100M in yearly FCF. (14.5% yield to MC). Despite lower production volume in Q2,...
Surge Energy: Trading At Just 6 Times Free Cash Flow At US$75 WTI
Surge Energy's Q4 results showed a capex-heavy quarter but remained free cash flow positive. The company anticipates generating C$295M in operating cash flow in 2024, resulting in a net free cash flow of C$105M. Surge Energy's updated reserve calculation shows...
Surge Energy: 2024 May Be The Year Of The Shareholder (Technical Analysis)
Surge Energy's Q3 performance and potential dividend increases are coming. Shareholders can expect 50% of free cash flow to be returned to them in some form. The current stock price is considered attractive, but the stock has not gained much...
Surge Energy Inc. Announces $42 Million Convertible Debenture Bought Deal Financing and Intention to Redeem Existing Convertible Debentures Due June 30, 2024
CALGARY, Alberta, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) is pleased to announce a public offering (the “Offering”) on a “bought deal” basis, of $42 million principal amount of convertible unsecured subordinated...
Surge Energy Offers A 6.75% YTM On A 10 Month Debenture
Surge Energy benefits from a narrowing WCS differential, boosting cash flow results in Q2. The company plans to exit 2023 with a production rate 6% higher than Q2. Surge Energy's convertible debentures offer attractive short-term investment with little doubt of...
Surge Energy Offers A Generous 6% Dividend Yield, But I Prefer The Debentures
Surge Energy recently closed a C$202M acquisition which boosted its production rate by about 20%. The company was free cash flow positive in Q1 but has been 'overspending' on its dividend based on its own capital allocation framework.
Surge Energy: Shareholder Payday Possibly Postponed (Technical Analysis)
Surge is currently yielding out at 5%, but is it enough? Surge jumped at the opportunity to buy Enerplus's Canadian assets for $245 million, setting the net debt target back.
Surge Energy Implies Doubling The Shareholder Rewards By Next Summer
Surge Energy reported strong cash flow results despite a realized loss on the hedge book. The company repaid one of the debentures early, the 6.75% 2024 convertible debenture remains outstanding.
Surge Energy: Rapidly Reducing The Net Debt Will Boost Shareholder Rewards
Surge Energy is a Canadian oil and gas producer with an output of 21,000 barrels of oil equivalent per day. The Q2 performance was overshadowed by hedging losses. Despite that, Surge remained firmly free cash flow positive.
Source: https://incomestatements.info
Category: Stock Reports