Source Energy Hits Record Sand Sales in Q2 2024
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Source Energy Hits Record Sand Sales in Q2 2024

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

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.

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