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  5. SGY: Your thoughts please on the latest quarter? [Surge Energy Inc.]
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Q: Your thoughts please on the latest quarter? Markets seem to like it and would you be a buyer?

Thx
Asked by blake on July 31, 2025
5i Research Answer:

EPS of 32c beat estimates of 29c; revenue of $141M slightly missed estimates. EBITDA of $92.8M was 36% better than expected. Production was 23,589 b/d. SGY did lower its capital budget by $15M, to $155M. Cash flow guidance for the year was raised to $260M, from $255M. Production guidance was increased by 500 b/d to 23,000 b/d. The stock is showing nice momentum (near new highs) and remains cheap. The balance sheet is very strong. We would be OK buying, but it is a smaller company at $750M so we would size a position accordingly.