tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Source Energy Services Reports Growth in Q1 2024

Source Energy Services Reports Growth in Q1 2024

Source Energy Services (TSE:SHLE) has released an update.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Source Energy Services Ltd. announced an increase in Q1 2024 financial results, with sand sales volumes hitting 874,849 MT and a total revenue of $169.6 million, marking a rise from the previous year. The company also reported a gross margin of $35.6 million and an improved Adjusted EBITDA of $32.0 million. Key strategic moves included the purchase of sand trucking assets and expansion of their Chetwynd terminal, demonstrating growth and operational advancements.

For further insights into TSE:SHLE stock, check out TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1