Surge Energy Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was CAD 142.92 million compared to CAD 173.68 million a year ago. Net income was CAD 16.58 million compared to CAD 78.06 million a year ago. Basic earnings per share from continuing operations was CAD 0.17 compared to CAD 0.93 a year ago. Diluted earnings per share from continuing operations was CAD 0.16 compared to CAD 0.91 a year ago.
For the nine months, revenue was CAD 408.49 million compared to CAD 402.07 million a year ago. Net income was CAD 45.43 million compared to CAD 128.22 million a year ago. Basic earnings per share from continuing operations was CAD 0.46 compared to CAD 1.54 a year ago. Diluted earnings per share from continuing operations was CAD 0.45 compared to CAD 1.49 a year ago.