Overview
Surge Energy (formerly Zapata Energy) is an oil and gas exploration and production company with operations in Alberta and Saskatchewan. The company has an extensive 10-year inventory low risk development drilling locations, a number high-quality waterflood projects, and an excellent financial balance sheet. It boasts estimated oil and natural gas reserves of approximately 77.4 million barrels of oil equivalent. Surge holds focused and operated light
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Read More and medium gravity crude oil properties characterized by large oil in place crude oil reservoirs with low recovery factors.
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Read More and medium gravity crude oil properties characterized by large oil in place crude oil reservoirs with low recovery factors.
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Paul Colborne
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Support Activities for Mining
,
Oil and Gas Extraction
,
Gasoline Stations
,
Oil and gas exploration services
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Crude petroleum production
See All Industries , Natural gas production , Drilling oil and gas wells Gasoline service stations
See Fewer Industries
See All Industries , Natural gas production , Drilling oil and gas wells Gasoline service stations
See Fewer Industries
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Actual
$474.24 million
Actual
-1.9%
$1,366
DEC
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Toronto:SGY
Contacts
Get in Touch with 15 Principals* and 43 Contacts
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Paul ColbornePresident and Member of the Board of Directors
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
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Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$474.24 million
USD
Actual
1 USD = 1.4029 CAD
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $199 | $190 | $197 |
| Net Investing Cash | -$109 | -$127 | -$237 |
| Net Financing Cash | -$84 | -$63 | $40 |
| Net Change in Cash | $5 | $ | $ |
| Cash at Beginning of Period | $ | $ | $ |
| Cash at End of Period | $5 | $ | $ |
| Capital Expenditure | -$139 | -$129 | -$121 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $5 | $ | $ |
| Accounts Receivable | $42 | $38 | $43 |
| Inventories | $ | $ | $ |
| Other Current Assets | $7 | $7 | $3 |
| Asset Summary | |||
| Total Current Assets | $54 | $45 | $46 |
| Tangible Fixed Assets | $860 | $963 | $1,004 |
| Intangible Assets | $ | $ | $ |
| Total Assets | $1,366 | $1,481 | $1,550 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $68 | $61 | $67 |
| Short-Term Debt | $1 | $10 | $18 |
| Other Current Liabilities | $16 | $16 | $17 |
| Liability Summary | |||
| Total Current Liabilities | $85 | $87 | $101 |
| Long-Term Debt | $154 | $175 | $210 |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $447 | $454 | $507 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $1,260 | $1,276 | $1,258 |
| Retained Earnings | -$802 | -$727 | -$705 |
| Equity Summary | |||
| Total Equity | $526 | $602 | $598 |
| Shares Outstanding | 100,381,957 | 100,314,111 | 96,477,366 |