Source Energy Services Ltd. (T:SHLE)
Business Focus: Construction Materials (NEC)
| Sector: Basic Materials | Industry: Construction Materials |
| Company Contact | |
| Address: | 500, 1060 - 7th Street SW CALGARY AB T2R 0C4 |
| Tel: | N/A |
| Website: | https://www.sourceenergyservices.com |
| IR: | See website |
| Key People | ||
| Scott Melbourn President, Chief Executive Officer, Director | Derren Newell Chief Financial Officer, Executive Vice President | Jarett Finney President, Distribution |
| Kelly Roncin President, Production | Kurtis Kisio Vice-President, Sales | |
| Business Overview |
| Source Energy Services Ltd. is focused on the integrated production and distribution of frac sand, as well as the distribution of other bulk completion materials not produced by the Company. The Company's solutions include proppants, logistics, terminals, chemicals and field solutions. The Company offers a range of proppant sizes of 20/40, 30/50, 40/70 and 100 mesh for specific well requirements. Its logistics solutions are two unit-train capable facilities that handle the transportation up to 100 cars directly from its mines to terminals in the Western Canadian Sedimentary Basin (WCSB). It also owns and operates in-basin terminals in the WCSB. Its terminals in Red Deer and Grande Prairie, Alberta are equipped with chemical storage. It also provides storage and logistics services for other bulk oil and gas well completion materials and has developed Sahara, a wellsite mobile sand storage and handling system. It provides its customers with an end-to-end solution for frac sand. |
| Financial Overview |
| For the three months ended 31 March 2024, Source Energy Services Ltd revenues increased 4% to C$169.6M. Net income decreased 76% to C$1.9M. Revenues reflect Wellsite solutions segment increase of 17% to C$35.7M, Sand revenue segment increase of 1% to C$133M, Canadian Operations segment increase of 5% to C$168.5M. Net income was offset by Share-based compensation expense increase from C$1.5M to C$9.3M (expense). |
| Employees: | 451 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | N/A |
| Annual revenue (TTM): | $575.59M as of Mar 31, 2024 |
| EBITDA (TTM): | $104.64M as of Mar 31, 2024 |
| Net annual income (TTM): | $161.36M as of Mar 31, 2024 |
| Free cash flow (TTM): | $36.62M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $253.99M as of Mar 31, 2024 |
| Shares outstanding: | 13,545,055 as of Mar 31, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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