tiprankstipranks
Source Energy Hits Record Sand Sales in Q2 2024
Company Announcements

Source Energy Hits Record Sand Sales in Q2 2024

Story Highlights

Source Energy Services Ltd (TSE:SHLE) has released an update.

Pick the best stocks and maximize your portfolio:

Source Energy Services Ltd. set a new record in Q2 2024, with sand sales reaching 921,148 metric tonnes and generating $140.1 million in revenue, marking significant year-over-year growth. The company also reported a substantial increase in total revenue to $176.4 million and improved its financial health by reducing total debt and reporting an Adjusted EBITDA of $30.8 million.

For further insights into TSE:SHLE stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskSource Energy Refinances to Boost Liquidity and Growth
TipRanks Canadian Auto-Generated NewsdeskSource Energy Services’ Record Q3 Results
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App