Source Rock Royalties Ltd. (TSE:SRR) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Source Rock Royalties Ltd. reported a stellar first quarter in 2024 with a 34% increase in royalty production and a 25% rise in royalty revenue compared to the same period last year. The company also saw a notable 30% jump in adjusted EBITDA and continued its commitment to shareholder returns, declaring dividends with a stable payout ratio of 61%. Amid these robust financial results, Source Rock is actively looking to expand its royalty acquisitions, leveraging its solid working capital position and consistent cash flow.
For further insights into TSE:SRR stock, check out TipRanks’ Stock Analysis page.
