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Source Energy Services Ltd (SHLE.TO)

Source Energy Services Ltd (SHLE.TO)
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Source Energy Services Ltd is a Canada-based company engaged in the integrated production and distribution of frac sand as well as the distribution of other bulk oil and gas well completion materials that aren't produced by Source. It provides customers with an end-to-end solution for frac sand supported by its Wisconsin, United States, and Peace River, Alberta, Canada mines and processing facilities, its Western Canadian terminal network, and its last-mile logistics capabilities, including its trucking operations, and Sahara, a proprietary well site mobile sand storage and handling system. The geographical segments of the group are the USA Operations and Canadian Operations.

Fiscal Year End Date: 12/31

(Values in U.S. Thousands) Dec, 2025 Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021
Sales 700,305 673,950 569,748 415,912 319,861
Sales Growth +3.91% +18.29% +36.99% +30.03% +28.01%
Net Income 33,081 9,509 167,345 -8,770 -24,403
Net Income Growth +247.89% -94.32% +2,008.15% +64.06% +86.64%
(Values in U.S. Thousands) Dec, 2025 Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021
Total Assets 617,131 598,218 482,830 326,897 266,031
Total Assets Growth +3.16% +23.90% +47.70% +22.88% -0.09%
Total Liabilities 408,235 408,351 313,700 321,240 259,505
Total Liabilities Growth -0.03% +30.17% -2.35% +23.79% +11.10%
(Values in U.S. Thousands) Dec, 2025 Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021
Operating Cash Flow 117,687 94,388 80,242 80,173 14,011
Operating Cash Flow Growth +24.68% +17.63% +0.09% +472.21% -64.41%
Net Cash Flow -11,994 32,717 0 0 0
Change in Net Cash Flow -136.66% unch unch unch unch
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