Source Rock Royalties Ltd. (TSE:SRR) has released an update.
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Source Rock Royalties Ltd. reported a stellar first quarter in 2024 with a 34% increase in royalty production and a 25% rise in royalty revenue compared to the same period last year. The company also saw a notable 30% jump in adjusted EBITDA and continued its commitment to shareholder returns, declaring dividends with a stable payout ratio of 61%. Amid these robust financial results, Source Rock is actively looking to expand its royalty acquisitions, leveraging its solid working capital position and consistent cash flow.
For further insights into TSE:SRR stock, check out TipRanks’ Stock Analysis page.
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