Surge Energy (TSE:SGY) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Surge Energy Inc. has reported a significant increase in adjusted funds flow to $82.8 million in Q2/24, a 32% rise from the previous quarter, while also achieving a $61.2 million reduction in net debt, meeting its $250 million debt target. Additionally, the company has enhanced shareholder value through dividends and share repurchases, positioning itself for an annual allocation of $48 million in excess free cash flow.
For further insights into TSE:SGY stock, check out TipRanks’ Stock Analysis page.
