Source Energy Services (TSE:SHLE) has released an update.
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Source Energy Services Ltd. announced an increase in Q1 2024 financial results, with sand sales volumes hitting 874,849 MT and a total revenue of $169.6 million, marking a rise from the previous year. The company also reported a gross margin of $35.6 million and an improved Adjusted EBITDA of $32.0 million. Key strategic moves included the purchase of sand trucking assets and expansion of their Chetwynd terminal, demonstrating growth and operational advancements.
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