Investor Relations
Investor News
Surge Energy Recognized as Honoree for Houston Business Journal’s 2022 Innovation Awards
October 6, 2022 — Surge Energy US Holdings Company (“Surge Energy” or the “Company”) announces the Company has been recently recognized as an honoree for
Surge Energy America Announces Increased Borrowing Base of Revolving Credit Facility to $1.75 Billion
October 3, 2022 – Surge Energy US Holdings Company (“Surge Energy” or the “Company”) announces an increased borrowing base from $1.5 billion to $1.75 billion
Surge Energy America Announces Return to 100% of Completions Using Recycled Produced Water
August 4, 2022 — Surge Energy US Holdings Company (“Surge” or the “Company”) announces a key milestone that the Company has returned to utilizing recycled,
Historical Key Metrics
Below is a snapshot of our key metrics over the past few years.
| 2018 | 2019 | 2020 | 2021 | ||
|---|---|---|---|---|---|
| Production | |||||
| Oil (net, Bbls/d) | 35,456 | 42,363 | 36,201 | 32,783 | |
| Gas (net, Mcf/d) | 29,332 | 49,746 | 66,585 | 79,263 | |
| Total Production (net, Boe/d) | 40,345 | 50,654 | 47,298 | 45,993 | |
| Cash Operating Costs ($MM) | |||||
| LOE and Workovers | 90.8 | 89.6 | 66.7 | 76.0 | |
| Severance and Other Taxes | 41.2 | 46.1 | 31.0 | 49.7 | |
| Other Costs | 59.6 | 56.7 | 52.9 | 52.2 | |
| Total Cash Operating Costs | 191.7 | 192.4 | 150.6 | 177.9 | |
| Earnings ($MM) | |||||
| Adjusted EBITDAX | 529.2 | 609.9 | 454.0 | 573.3 | |
| Net Income | 295.3 | 161.4 | (262.8) | 129.4 | |
| Financial Metrics | |||||
| Net Debt ($MM)* | 864 | 1,150 | 1,150 | 1,505 | |
| Credit Facility Leverage Ratio** | 1.6x | 1.9x | 2.5x | 2.5x |
* Total Debt less balance sheet cash up to $50 MM as defined by Revolving Credit Agreement as of the period end
** Calculated using Total Debt less balance sheet cash up to $50MM divided by Trailing Twelve Months Adjusted EBITDAX
Latest Investor Presentation
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Surge Energy is a private company in the US, however the company has two issuances of Senior Unsecured Notes. This VDR is established to communicate news, financials, and other relevant information to current and prospective bondholders. This access is restricted to qualified institutional investors. To request access to the VDR, please email InvestorRelations@SurgeEnergyA.com
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Investor Contact Information
832-333-2400
Research Coverage
- Bank of America – Gregg Brody
- JPMorgan – Tarek Hamid
- Morgan Stanley – Brian Gibbons