Source Energy Financials

SHLE Stock  CAD 17.82  0.13  0.73%   
You can harness fundamental analysis to find out if Source Energy Services is mispriced or if you can make any profits on it by purchasing it and then waiting for the market to recognize its mistake and reprise the security. We were able to break down and interpolate data for thirty-five available drivers for Source Energy Services, which can be compared to its competition. The stock experiences a moderate upward volatility. Check odds of Source Energy to be traded at C$19.6 in 90 days.
 
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Interest Hikes

Source Energy Balance Sheet Chart

At this time, Source Energy's Other Assets are very stable compared to the past year. As of the 15th of February 2026, Cash And Short Term Investments is likely to grow to about 30.9 M, while Total Assets are likely to drop about 407.1 M.
Key indicators impacting Source Energy's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Current Ratio1.31.36
Sufficiently Down
Very volatile
  

Source Energy Stock Summary

Source Energy competes with ACT Energy, Pulse Seismic, Gran Tierra, Reconnaissance Energy, and Anfield Resources. Source Energy Services Ltd. produces, supplies, and distributes Northern White frac sand used primarily in oil and gas exploration and production in Western Canada and the United States. The company was founded in 2017 and is headquartered in Calgary, Canada. SOURCE ENERGY operates under Oil Gas Equipment Services classification in Canada and is traded on Toronto Stock Exchange. It employs 382 people.
Foreign Associate
  USA
Specialization
Energy, Oil & Gas Equipment & Services
InstrumentCanada Stock View All
ExchangeToronto Exchange
ISINCA83615X4075
Business Address500, 438 -
SectorEnergy Equipment & Services
IndustryEnergy
BenchmarkDow Jones Industrial
Websitewww.sourceenergyservices.com
Phone403 262 1312
CurrencyCAD - Canadian Dollar
You should never invest in Source Energy without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Source Stock, because this is throwing your money away. Analyzing the key information contained in Source Energy's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Source Energy Key Financial Ratios

Source Energy's financial ratios allow both analysts and investors to convert raw data from Source Energy's financial statements into concise, actionable information that can be used to evaluate the performance of Source Energy over time and compare it to other companies across industries.

Source Energy Key Balance Sheet Accounts

202120222023202420252026 (projected)
Total Assets266.0M326.9M482.8M598.2M688.0M407.1M
Other Current Liab(23.7M)(34.2M)384K1.6M1.4M1.5M
Other Liab10.8M9.0M7.6M6.5M5.9M10.7M
Net Tangible Assets201.9M32.7M6.5M5.7M6.5M6.2M
Net Debt259.9M313.4M221.8M242.2M278.5M218.9M
Accounts Payable29.3M68.4M70.5M94.8M109.1M114.5M
Cash(42.3M)(38.4M)(68.4M)32.7M29.4M30.9M
Other Assets537K10.9M30.8M26.1M30.0M31.5M
Long Term Debt175.5M176.5M141.5M186.9M214.9M178.9M
Net Receivables43.5M42.3M44.0M80.8M92.9M97.6M
Inventory56.3M72.5M85.1M89.4M102.8M60.0M
Other Current Assets6.9M7.7M7.1M9.6M8.7M5.4M
Total Liab259.5M321.2M313.7M408.4M469.6M294.6M
Total Current Assets106.7M122.5M136.2M212.6M244.5M256.7M
Short Term Debt32.2M35.4M33.8M27.5M31.6M24.9M
Long Term Debt Total201.6M227.2M188.0M247.4M284.5M210.4M
Retained Earnings(413.0M)(421.8M)(254.5M)(244.9M)(220.4M)(231.5M)
Net Invested Capital189.6M182.2M328.2M384.8M346.4M251.0M
Net Working Capital56.4M35.1M27.8M71.6M82.4M52.3M

Source Energy Key Income Statement Accounts

202120222023202420252026 (projected)
Interest Expense29.7M32.3M34.4M34.3M39.4M27.1M
Total Revenue319.9M415.9M569.7M674.0M775.0M813.8M
Gross Profit39.3M58.1M109.4M127.3M146.4M153.8M
Operating Income3.7M17.5M60.7M65.3M75.1M78.8M
Ebit5.8M24.1M186.0M50.3M57.9M60.8M
Ebitda36.9M55.8M223.9M102.7M118.1M124.0M
Cost Of Revenue280.5M357.8M460.3M546.6M628.6M660.0M
Income Before Tax(24.4M)(8.8M)150.0M17.9M20.5M21.6M
Net Income(56.1M)(2.9M)167.3M9.5M10.9M11.5M
Income Tax Expense31.7M(5.8M)(17.4M)8.3M9.6M10.1M
Interest Income29.3M23.4M35.8M31.6M36.4M28.2M
Net Interest Income(30.3M)(33.1M)(36.3M)(34.3M)(30.9M)(32.4M)

Source Energy Key Cash Accounts

202120222023202420252026 (projected)
Change To Inventory(6.2M)(13.5M)(12.6M)339K389.9K409.3K
Change In Cash1.4M(1.4M)0.032.7M37.6M39.5M
Net Borrowings(114K)(26.7M)(45.4M)1.3M1.2M1.1M
Free Cash Flow7.5M65.0M29.0M51.1M58.7M61.7M
Depreciation31.1M31.4M37.9M52.7M60.6M38.5M
Other Non Cash Items28.8M33.1M(99.5M)23.9M21.5M19.5M
Capital Expenditures6.5M15.2M22.1M43.3M39.0M23.2M
Net Income(24.4M)(8.8M)167.3M9.5M10.9M11.5M
Change To Netincome71.5M170.3M29.0M33.8M38.8M48.4M
Investments(6M)(13.9M)(13.2M)(27.1M)(31.1M)(32.7M)

Source Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Source Energy's current stock value. Our valuation model uses many indicators to compare Source Energy value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Source Energy competition to find correlations between indicators driving Source Energy's intrinsic value. More Info.
Source Energy Services is rated fourth in return on equity category among its peers. It also is rated fourth in return on asset category among its peers reporting about  0.42  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Source Energy Services is roughly  2.39 . At this time, Source Energy's Return On Equity is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Source Energy by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Source Energy's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.

Source Energy Services Total Assets Over Time

Most indicators from Source Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Source Energy Services current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Source Energy Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
At this time, Source Energy's Tax Provision is very stable compared to the past year. As of the 15th of February 2026, Sales General And Administrative To Revenue is likely to grow to 0.09, while Selling General Administrative is likely to drop about 26.7 M.
 2023 2024 2025 2026 (projected)
Interest Expense34.4M34.3M39.4M27.1M
Depreciation And Amortization37.9M52.4M60.2M34.4M

Source Energy fundamental ratios Correlations

0.68-0.190.730.89-0.330.450.970.220.610.760.230.980.450.850.280.230.650.580.580.9-0.40.330.740.840.09
0.68-0.430.650.33-0.72-0.080.610.040.890.71-0.10.62-0.030.660.78-0.10.480.740.930.85-0.71-0.130.90.81-0.2
-0.19-0.43-0.05-0.120.37-0.23-0.160.49-0.76-0.130.86-0.17-0.17-0.23-0.130.86-0.07-0.33-0.28-0.410.44-0.37-0.22-0.33-0.05
0.730.65-0.050.47-0.53-0.10.610.60.570.990.410.64-0.080.840.370.410.930.70.650.74-0.220.250.80.780.18
0.890.33-0.120.470.00.780.940.050.330.490.210.930.720.68-0.110.210.460.240.160.68-0.310.460.350.580.24
-0.33-0.720.37-0.530.00.36-0.20.04-0.73-0.520.19-0.230.32-0.42-0.560.19-0.42-0.66-0.66-0.570.370.24-0.68-0.58-0.07
0.45-0.08-0.23-0.10.780.360.61-0.360.06-0.07-0.150.580.920.21-0.39-0.15-0.04-0.26-0.290.23-0.260.39-0.210.090.24
0.970.61-0.160.610.94-0.20.610.110.530.640.21.00.610.80.210.20.530.410.460.82-0.490.270.60.720.08
0.220.040.490.60.050.04-0.360.11-0.150.540.770.13-0.30.360.190.770.680.170.290.060.40.150.370.16-0.13
0.610.89-0.760.570.33-0.730.060.53-0.150.64-0.430.550.050.640.57-0.430.460.730.770.84-0.630.150.760.78-0.06
0.760.71-0.130.990.49-0.52-0.070.640.540.640.330.67-0.060.850.420.330.890.730.70.8-0.280.260.820.810.11
0.23-0.10.860.410.210.19-0.150.20.77-0.430.330.2-0.110.20.021.00.410.010.04-0.010.31-0.10.160.07-0.03
0.980.62-0.170.640.93-0.230.581.00.130.550.670.20.590.830.230.20.540.440.490.83-0.470.280.630.740.08
0.45-0.03-0.17-0.080.720.320.920.61-0.30.05-0.06-0.110.590.29-0.22-0.11-0.05-0.23-0.190.18-0.240.23-0.130.110.17
0.850.66-0.230.840.68-0.420.210.80.360.640.850.20.830.290.330.20.730.580.620.8-0.360.310.730.750.06
0.280.78-0.130.37-0.11-0.56-0.390.210.190.570.420.020.23-0.220.330.020.220.440.890.41-0.48-0.550.720.42-0.6
0.23-0.10.860.410.210.19-0.150.20.77-0.430.331.00.2-0.110.20.020.410.010.04-0.010.31-0.10.160.07-0.03
0.650.48-0.070.930.46-0.42-0.040.530.680.460.890.410.54-0.050.730.220.410.570.50.6-0.060.410.660.650.24
0.580.74-0.330.70.24-0.66-0.260.410.170.730.730.010.44-0.230.580.440.010.570.720.81-0.190.220.820.920.04
0.580.93-0.280.650.16-0.66-0.290.460.290.770.70.040.49-0.190.620.890.040.50.720.72-0.46-0.190.940.73-0.41
0.90.85-0.410.740.68-0.570.230.820.060.840.8-0.010.830.180.80.41-0.010.60.810.72-0.50.280.830.950.03
-0.4-0.710.44-0.22-0.310.37-0.26-0.490.4-0.63-0.280.31-0.47-0.24-0.36-0.480.31-0.06-0.19-0.46-0.50.26-0.36-0.350.08
0.33-0.13-0.370.250.460.240.390.270.150.150.26-0.10.280.230.31-0.55-0.10.410.22-0.190.280.260.00.280.36
0.740.9-0.220.80.35-0.68-0.210.60.370.760.820.160.63-0.130.730.720.160.660.820.940.83-0.360.00.86-0.16
0.840.81-0.330.780.58-0.580.090.720.160.780.810.070.740.110.750.420.070.650.920.730.95-0.350.280.860.1
0.09-0.2-0.050.180.24-0.070.240.08-0.13-0.060.11-0.030.080.170.06-0.6-0.030.240.04-0.410.030.080.36-0.160.1
Click cells to compare fundamentals

Source Energy Account Relationship Matchups

Source Energy fundamental ratios Accounts

202120222023202420252026 (projected)
Total Assets266.0M326.9M482.8M598.2M688.0M407.1M
Other Current Liab(23.7M)(34.2M)384K1.6M1.4M1.5M
Other Liab10.8M9.0M7.6M6.5M5.9M10.7M
Net Tangible Assets201.9M32.7M6.5M5.7M6.5M6.2M
Net Debt259.9M313.4M221.8M242.2M278.5M218.9M
Accounts Payable29.3M68.4M70.5M94.8M109.1M114.5M
Cash(42.3M)(38.4M)(68.4M)32.7M29.4M30.9M
Other Assets537K10.9M30.8M26.1M30.0M31.5M
Long Term Debt175.5M176.5M141.5M186.9M214.9M178.9M
Net Receivables43.5M42.3M44.0M80.8M92.9M97.6M
Inventory56.3M72.5M85.1M89.4M102.8M60.0M
Other Current Assets6.9M7.7M7.1M9.6M8.7M5.4M
Total Liab259.5M321.2M313.7M408.4M469.6M294.6M
Total Current Assets106.7M122.5M136.2M212.6M244.5M256.7M
Short Term Debt32.2M35.4M33.8M27.5M31.6M24.9M
Long Term Debt Total201.6M227.2M188.0M247.4M284.5M210.4M
Retained Earnings(413.0M)(421.8M)(254.5M)(244.9M)(220.4M)(231.5M)
Net Invested Capital189.6M182.2M328.2M384.8M346.4M251.0M
Net Working Capital56.4M35.1M27.8M71.6M82.4M52.3M
Today, most investors in Source Energy Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Source Energy's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Source Energy growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.27)

At this time, Source Energy's Price Earnings To Growth Ratio is very stable compared to the past year.

Source Energy February 15, 2026 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Source Energy help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Source Energy Services. We use our internally-developed statistical techniques to arrive at the intrinsic value of Source Energy Services based on widely used predictive technical indicators. In general, we focus on analyzing Source Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Source Energy's daily price indicators and compare them against related drivers.

Other Information on Investing in Source Stock

Source Energy financial ratios help investors to determine whether Source Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Source with respect to the benefits of owning Source Energy security.