Surge Energy Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was CAD 162.65 million compared to CAD 44.58 million a year ago. Net income was CAD 72.03 million compared to CAD 307.11 million a year ago. Basic earnings per share from continuing operations was CAD 0.86 compared to CAD 7.24 a year ago. Diluted earnings per share from continuing operations was CAD 0.83 compared to CAD 7.01 a year ago.
For the six months, revenue was CAD 228.39 million compared to CAD 77.56 million a year ago. Net income was CAD 50.16 million compared to CAD 297.13 million a year ago. Basic earnings per share from continuing operations was CAD 0.6 compared to CAD 7.21 a year ago. Diluted earnings per share from continuing operations was CAD 0.58 compared to CAD 7.03 a year ago.