Source Energy Services Reports Strong 2024 Financial Results and Strategic Expansions

Story Highlights
  • Source Energy Services saw a 16% increase in sand sales and revenue in 2024.
  • The company expanded operations with new partnerships and acquisitions, improving market position.
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Source Energy Services Reports Strong 2024 Financial Results and Strategic Expansions

Source Energy Services Ltd ( (TSE:SHLE) ) just unveiled an update.

Source Energy Services Ltd. reported a successful financial year in 2024 with significant increases in sand sales volumes and revenue, achieving a total revenue of $674 million, a 16% rise from the previous year. The company improved its liquidity through refinancing and expanded its operations with new partnerships and acquisitions, enhancing its market position and operational capabilities.

More about Source Energy Services Ltd

Source Energy Services Ltd. operates in the energy sector, focusing on providing sand and well site solutions. The company is known for its sand sales and terminal services, catering primarily to the oil and gas industry.

YTD Price Performance: -23.60%

Average Trading Volume: 21,259

Technical Sentiment Consensus Rating: Hold

Current Market Cap: C$168M

Find detailed analytics on SHLE stock on TipRanks’ Stock Analysis page.

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