Source Energy Services Achieves Record Q1 2025 Results

The latest update is out from Source Energy Services Ltd ( (TSE:SHLE) ).

Source Energy Services Ltd reported a strong financial performance for Q1 2025, with record sand sales volumes and a significant increase in revenue compared to the previous year. The company’s operations were bolstered by robust demand in the Western Canadian Sedimentary Basin, leading to increased utilization of its logistics and terminal facilities. Despite higher transportation costs and a weaker Canadian dollar, Source Energy managed to offset these challenges through strategic operational adjustments, resulting in a substantial rise in net income and adjusted EBITDA.

Spark’s Take on TSE:SHLE Stock

According to Spark, TipRanks’ AI Analyst, TSE:SHLE is a Outperform.

Source Energy Services Ltd shows strong financial performance and strategic expansions, indicating a positive outlook. However, bearish technical indicators and the need for profitability enhancement moderate the overall score. The valuation appears fair, supporting the stock’s medium-term potential.

To see Spark’s full report on TSE:SHLE stock, click here.

More about Source Energy Services Ltd

Source Energy Services Ltd is a company operating in the energy sector, primarily focused on providing sand and logistics solutions for the oil and gas industry. Its main products include sand for hydraulic fracturing, with a market focus on the Western Canadian Sedimentary Basin.

Average Trading Volume: 32,573

Technical Sentiment Signal: Hold

Current Market Cap: C$139.8M

See more data about SHLE stock on TipRanks’ Stock Analysis page.