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 a strong financial performance for 2023, with sand sales volumes reaching over 3 million metric tonnes and generating total revenue of $569.7 million, a 37% increase from 2022. The company also reported a significant increase in net income to $167.3 million and a record Adjusted EBITDA of $99.1 million. These results were supported by new customer contracts and increased utilization of their Sahara fleet operations.
For further insights into TSE:SHLE stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
- “The No. 1 Destination for the Most Talented Artists”: Netflix Stock (NASDAQ:NFLX) Notches Up as the Duffer Brothers Consider Jumping Ship
- “Breakthrough EVs”: Ford Stock (NYSE:F) Notches Up on New Battery Details
- “An Equity Stake”: Intel Stock (NASDAQ:INTC) Surges as U.S. Government May Buy In With CHIPS Act Money