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Source Rock Royalties Ltd. (V:SRR)

Business Focus: Copyright Management

Sector:  Consumer Cyclicals Industry:  Entertainment Production
 
Company Contact
Address: 30th Floor, 421 - 7th Ave S.W.,
CALGARY AB T2P 4K9
Tel: N/A
Website: https://www.sourcerockroyalties.com
IR: See website
Key People
Brad Robert Docherty
Chairman of the Board, President, Chief Executive Officer
Cheryne Lowe
Chief Financial Officer
 
Business Overview
Source Rock Royalties Ltd is a Canada-based oil and gas royalty company with a portfolio of oil royalties in southeast Saskatchewan, central Alberta and west-central Saskatchewan. It owns varying royalties in lands that are primarily producing and prospective for light oil. The primary business of the Company is to receive royalty revenue from oil and natural gas properties as reserves are produced by the operators over the economic life of the properties. The Company is focused on acquiring and managing oil and gas royalties and mineral title interests. It also focuses on acquiring royalties in properties that have foreseeable future drilling potential and which are operated by third parties. It owns mineral interests in two quarter sections of land and a 2% gross overriding royalty (GORR) in approximately 5,800 gross acres of land in southeast Saskatchewan.
Financial Overview
For the nine months ended 30 September 2023, Source Rock Royalties Ltd revenues decreased 1% to C$4.9M. Net income decreased 41% to C$1.2M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income also reflects Depletion increase of 46% to C$2.3M (expense), Share-based compensation increase from C$222K to C$574K (expense), Administrative expenses increase of 1% to C$658K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $26.20M as of Dec 31, 2023
Annual revenue (TTM): $6.43M as of Dec 31, 2023
EBITDA (TTM): $4.92M as of Dec 31, 2023
Net annual income (TTM): $1.74M as of Dec 31, 2023
Free cash flow (TTM): -$7.81M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 45,231,645 as of Dec 19, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization