Surge Energy Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was CAD 173.68 million compared to CAD 65.96 million a year ago. Net income was CAD 78.06 million compared to CAD 67.61 million a year ago. Basic earnings per share from continuing operations was CAD 0.93 compared to CAD 1.18 a year ago. Diluted earnings per share from continuing operations was CAD 0.91 compared to CAD 1.15 a year ago.
For the nine months, revenue was CAD 402.07 million compared to CAD 143.52 million a year ago. Net income was CAD 128.22 million compared to CAD 364.74 million a year ago. Basic earnings per share from continuing operations was CAD 1.54 compared to CAD 7.82 a year ago. Diluted earnings per share from continuing operations was CAD 1.49 compared to CAD 7.63 a year ago.