Source Energy Services (TSE:SHLE) has released an update.
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Source Energy Services Ltd. announced a strong financial performance for 2023, with sand sales volumes reaching over 3 million metric tonnes and generating total revenue of $569.7 million, a 37% increase from 2022. The company also reported a significant increase in net income to $167.3 million and a record Adjusted EBITDA of $99.1 million. These results were supported by new customer contracts and increased utilization of their Sahara fleet operations.
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