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Source Energy Services (TSE:SHLE)
:SHLE
RESEARCH TOOLSreports
Earnings Data
Report Date
Jul 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.6Last Year’s EPS
0.26Same Quarter Last Year
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: 29.81%
|Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment|Positive
The earnings call painted a positive picture with record-setting performance in sand volumes and revenue. Despite challenges like a weaker Canadian dollar and increased costs, the company demonstrated strong growth in revenue, EBITDA, and free cash flow, alongside successful expansions in logistics capabilities.Company Guidance
In the Source Energy Services Third Quarter 2024 earnings call, the company reported substantial metrics highlighting a period of record-breaking performance. Sand volumes reached 964,000 metric tonnes, driving sand revenue to an all-time high of $142.2 million, which is a $40 million increase from Q3 2023. Total revenue for the quarter was $183.1 million, marking a $54.8 million rise year-over-year. The adjusted gross margin was reported at $43.3 million, reflecting a 41% increase, while adjusted EBITDA saw a 55% improvement, reaching $35.3 million. Additionally, free cash flow surged to $20.1 million, $12.7 million more than the previous year, primarily due to better operating results and lower financing expenses. These financial strides were paired with strategic enhancements in logistics capabilities, including the acquisition of sand trucking assets and expansion of terminal infrastructure, positioning Source for continued growth in the Western Canadian Sedimentary Basin.Record Sand Volumes and Revenue
The quarter saw record sand volumes of 964,000 metric tonnes and sand revenue of $142.2 million, marking a $40 million increase from Q3 2023.
Significant Revenue and EBITDA Growth
Total revenue increased by $54.8 million from Q3 last year to $183.1 million. Adjusted EBITDA was $35.3 million, representing a 55% improvement from the same period in 2023.
Successful Expansion of Logistics Capabilities
Source Energy acquired sand trucking assets from the PVT Group, enhancing its last-mile logistics offering. The acquisition included 9 sand trucks, bringing the total fleet size to 37 trucks.
Strong Free Cash Flow
Free cash flow for the third quarter was $20.1 million, an increase of $12.7 million compared to last year. Year-to-date free cash flow is $49.1 million, $21 million ahead of the first 9 months of 2023.
Improved Financial Position
Net income was $10.2 million. The company has made significant progress on refinancing with a senior secured note balance of $140.5 million and a net working capital surplus of $57.6 million.
TSE:SHLE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:SHLE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 08, 2025 | C$10.40 | C$11.96 | +15.00% |
Feb 27, 2025 | C$12.40 | C$11.62 | -6.29% |
Nov 07, 2024 | C$14.15 | C$15.00 | +6.01% |
Aug 01, 2024 | C$14.43 | C$12.94 | -10.33% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Source Energy Services (TSE:SHLE) report earnings?
Source Energy Services (TSE:SHLE) is schdueled to report earning on Jul 30, 2025, TBA Not Confirmed.
What is Source Energy Services (TSE:SHLE) earnings time?
Source Energy Services (TSE:SHLE) earnings time is at Jul 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:SHLE EPS forecast?
TSE:SHLE EPS forecast for the fiscal quarter 2025 (Q2) is 0.6.