MARKET WIRE NEWS

SURGE ENERGY INC. CONFIRMS JANUARY 2026 DIVIDEND

MWN-AI** Summary

Surge Energy Inc. (TSX: SGY) has confirmed a cash dividend of $0.043333 per share, which will be distributed on January 15, 2026. This payment pertains to the company’s production in December 2025, with shareholders recorded as of December 31, 2025, eligible to receive this dividend. The announced dividend is characterized as an eligible dividend under the Income Tax Act (Canada), which often provides favorable tax treatment to Canadian investors.

Surge Energy, headquartered in Calgary, Alberta, focuses on enhancing shareholder returns through effective free cash flow generation. The company’s operational strategy revolves around acquiring and developing high-quality, conventional oil reservoirs while utilizing proven technologies aimed at maximizing oil recovery rates. This systematic approach has allowed Surge to maintain a commitment towards returning value to its shareholders, particularly advantageous in today's fluctuating energy market.

Surge’s dedication to sustainable practices and efficient resource management aligns with broader industry trends where companies are expected to balance profitability with environmental stewardship. The confirmation of this dividend reflects Surge’s ongoing ability to generate substantial cash flow and its commitment to distributing a portion of this value back to its shareholders, a factor often looked upon favorably by investors seeking income-generating investments in the energy sector.

It is important to note that while Surge Energy has provided this announcement, neither the Toronto Stock Exchange (TSX) nor its Regulation Services Provider is responsible for the accuracy of the release, highlighting the importance of conducting due diligence when considering investments. Overall, Surge's latest dividend confirmation reaffirmed its operational strength and commitment to shareholder returns in a competitive landscape.

MWN-AI** Analysis

Surge Energy Inc. (TSX: SGY) has recently confirmed a quarterly cash dividend of $0.043333 per share, payable on January 15, 2026, to shareholders of record as of December 31, 2025. This announcement reflects the company's commitment to returning capital to shareholders, bolstered by its strategic focus on generating free cash flow from its operations in conventional oil reservoirs.

The confirmation of the dividend is not only a sign of financial health but also positions Surge as an attractive candidate for income-focused investors, particularly within the energy sector. With the backdrop of fluctuating oil prices and ongoing market volatility, maintaining a regular dividend can instill greater confidence among shareholders.

From an analytical perspective, it is essential to closely monitor Surge's free cash flow generation and its ability to sustain or potentially increase dividends in the future, especially with external factors such as geopolitical influences on oil prices. Surge's business model focuses on enhancing the productivity of its oil operations through advanced technologies, which could provide an edge in maintaining profitability during periods of price downturns.

Investors should also consider the tax implications of this dividend being classified as an eligible dividend under the Income Tax Act (Canada), which could offer favorable tax treatment for Canadian investors in their taxable income.

In conclusion, while Surge Energy presents a compelling dividend opportunity in the current market, potential investors should remain vigilant about the fluctuating nature of global oil demand, technological advancements, and operational efficiencies. For those looking for steady income, Surge could be a valuable addition to a diversified portfolio. However, continuous evaluation of market conditions and the company's performance is essential to gauge the sustainability of its dividend payouts over time.

**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.

Source: Canada Newswire

Canada NewsWire

CALGARY, AB, Dec. 15, 2025 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on January 15, 2026, in respect of December 2025 production, for the shareholders of record on December 31, 2025, will be $0.043333 per share.

The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).

Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow generation. The Company's defined operating strategy is based on acquiring and developing high-quality, conventional oil reservoirs using proven technology to enhance ultimate oil recoveries.

Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Surge Energy Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2025/15/c8519.html

FAQ**

What factors influenced Surge Energy Inc. SGY:CC's decision to declare a cash dividend of $0.043333 per share for January 2026, and how does this reflect on their overall financial health?

Surge Energy Inc.'s decision to declare a cash dividend of $0.043333 per share for January 2026 was influenced by strong cash flow generation, operational stability, and commitment to shareholder returns, reflecting confidence in their overall financial health and sustainable performance.

2. How does the announced dividend of Surge Energy Inc. SGY:CC align with the company's strategy for enhancing shareholder returns through free cash flow generation?

The announced dividend of Surge Energy Inc. (SGY:CC) reflects the company's strategy to enhance shareholder returns by utilizing free cash flow generation, thereby providing direct financial benefits to shareholders while reinforcing its commitment to sustainable growth.

3. Can you provide details on any anticipated changes in production levels or operational strategies for Surge Energy Inc. SGY:CC that might affect future dividend payouts beyond January 2026?

As of my last update in October 2023, specific anticipated changes in production levels or operational strategies for Surge Energy Inc. beyond January 2026 were not publicly disclosed, making it difficult to predict their future dividend payouts accurately.

4. How does Surge Energy Inc. SGY:CC's dividend align with industry trends, and what are the expectations for oil prices that could impact its future financial performance?

Surge Energy Inc.'s dividend reflects strong industry trends of returning capital to shareholders amidst rising oil prices, with expectations for continued price stability or growth potentially enhancing its future financial performance and supporting sustainable payouts.

**MWN-AI FAQ is based on asking OpenAI questions about Surge Energy Inc. (TSXC: SGY:CC).

Surge Energy Inc.

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February 16, 2026 06:00:00 am
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