Source Energy Services Ltd. reported earnings results for the fourth quarter and full year ended December 30, 2023. For the fourth quarter, the company reported revenue was CAD 154.43 million compared to CAD 87.45 million a year ago. Net income was CAD 153 million compared to net loss of CAD 12.21 million a year ago. Basic earnings per share from continuing operations was CAD 11.3 compared to basic loss per share from continuing operations of CAD 0.9 a year ago. Diluted earnings per share from continuing operations was CAD 10.71 compared to diluted loss per share from continuing operations of CAD 0.9 a year ago.

For the full year, the company reported revenue was CAD 569.75 million compared to CAD 415.91 million a year ago. Net income was CAD 167.35 million compared to net loss of CAD 8.77 million a year ago. Basic earnings per share from continuing operations was CAD 12.35 compared to basic loss per share from continuing operations of CAD 0.65 a year ago. Diluted earnings per share from continuing operations was CAD 11.88 compared to diluted loss per share from continuing operations of CAD 0.65 a year ago.