Surge Energy Q2 FY26 net income more than doubles to $69.36 million; revenue rises 48% to $208.71 million

• Surge Energy posted Q2 2026 net income of CAD 69.36 million, more than doubling from a year earlier; cash flow from operating activities climbed 69% to CAD 95.29 million.
• Revenue rose 48% to CAD 208.71 million, while adjusted funds flow (non-GAAP) increased 26% to CAD 91.5 million.
• Average production fell 3% to 22,865 boepd, due to spring break-up limits and a five-week third-party gas plant outage cutting about 400 boepd.
• Net debt narrowed 8% to CAD 196.57 million; free cash flow totaled CAD 58.7 million, funding CAD 12.9 million in dividends and CAD 15 million in buybacks.
• Surge lifted 2026 guidance to 23,375 boepd average and 24,000 boepd exit production, raising its capital budget to CAD 175 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Surge Energy Inc. published the original content used to generate this news brief on July 29, 2026, and is solely responsible for the information contained therein.