{"url":"https://newsforagent.com/news/2026-11-04/surge-energy-2027-free-cash-flow-forecast","markdown_url":"https://newsforagent.com/news/2026-11-04/surge-energy-2027-free-cash-flow-forecast.md","title":"Surge Energy Forecasts $145 million 2027 Free Cash Flow at $80 Oil","headline":"Surge Energy Projects $145 million 2027 Free Cash Flow and 25,000 boepd at US$80 WTI","description":"Surge Energy forecasts $145 million in 2027 free cash flow and 25,000 boepd at US$80 WTI, with a base dividend rising to $0.55 per share pending board approval.","section":"Earnings & Results","published_at":"2026-11-04T22:45:35+00:00","modified_at":"2026-11-04T22:45:35+00:00","author":"News Desk","key_takeaways":["Surge Energy reported Q3 production of 22,736 boepd and $15.6 million in free cash flow.","The company forecasts $145 million in 2027 free cash flow and 25,000 boepd at US$80 WTI.","Surge anticipates raising its annual base dividend about 6%, from $0.52 to $0.55 per share, subject to board approval."],"companies":[{"name":"Surge Energy","is_primary":true,"profile_url":"https://akta.pro/company-profiles/0004hbb/surge-energy","website":"http://www.surgeenergy.ca"}],"source":{"publisher":"TradingView","title":"Surge Energy Inc. (SGY) Forecasts $145M 2027 Free Cash Flow at US$80 WTI","url":"https://www.tradingview.com/news/tradingview:810293cef5fb3:0-surge-energy-inc-sgy-forecasts-145m-2027-free-cash-flow-at-us-80-wti/"},"other_sources":[],"tags":["Earnings & Results","Surge Energy"],"body_markdown":"Surge Energy Inc. forecast $145 million in 2027 free cash flow and 25,000 boepd of production at US$80 WTI, alongside a planned base dividend increase to $0.55 per share from $0.52. The Calgary-based oil producer reported the outlook with its third-quarter results, [TradingView](https://www.tradingview.com/news/tradingview:810293cef5fb3:0-surge-energy-inc-sgy-forecasts-145m-2027-free-cash-flow-at-us-80-wti/) reported on November 4, 2026.\n\n## Surge Energy's 2027 Budget and Dividend Plan\n\n[Surge Energy](https://akta.pro/company-profiles/0004hbb/surge-energy) is a TSX-listed Canadian oil-focused exploration and production company producing light and medium crude from its Sparky, SE Saskatchewan and Greater Sawn core areas. For the third quarter, Surge reported production of 22,736 boepd and $15.6 million in free cash flow. Net debt stood at $200.3 million, or 0.6 times annualized third-quarter adjusted funds flow.\n\nThe 2027 plan assumes US$80 WTI and targets 25,000 boepd. Surge anticipates increasing its annual base dividend approximately 6%, from $0.52 to $0.55 per share, subject to board approval, and allocating up to $60 million to 2027 share repurchases. The company said third-quarter production was affected by drilling delays from wet conditions, and that October production exceeded revised 24,000 boepd exit guidance.\n\n## Surge Energy's Capital Returns on Record\n\nAccording to akta.pro [company records](https://akta.pro/company-data), Surge renewed its Normal Course Issuer Bid in June 2026 at C$5 million per month of share buybacks alongside a maintained C$0.043333 monthly dividend, a roughly 6.1% yield, supported by 16.9% free cash flow yield guidance. The same records show a C$175 million private placement of senior unsecured notes due 2029 announced in August 2024 to repay existing debt and fund growth in core Canadian oil areas.\n\n## Earlier Guidance Moves at Surge Energy\n\nSurge confirmed a $0.043333 per share cash dividend for October 2026 production, payable November 16, 2026 to shareholders of record October 31, 2026, TradingView reported. In July 2026, Surge reported second-quarter production of 22,865 boepd and AFF of $91.5 million, and revised 2026 average production guidance to 23,375 boepd and exit production to 24,000 boepd, Newswire reported. In June 2026, Surge increased 2026 exit production guidance from 23,000 to 24,000 boepd and added $25 million to its second-half capital budget for eight new wells and $9 million in waterflood projects, Newswire reported.\n\n## Surge Energy's November Dividend Date\n\nThe confirmed October 2026 production dividend is payable November 16, 2026 to shareholders of record October 31, 2026.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}