Source Energy Q2 FY26 net loss narrows to $5.6 million; revenue drops 32% to $137.1 million

PUBT · 1d ago
Source Energy Q2 FY26 net loss narrows to $5.6 million; revenue drops 32% to $137.1 million
  • Source Energy Services posted Q2 net loss of CAD 5.6 million, narrowing from the prior-year quarter; operating loss was CAD 653,000.
  • Revenue fell 32% from a year earlier to CAD 137.1 million on sand sales volumes of 831,234 MT, down 24%.
  • Adjusted EBITDA (non-IFRS) dropped 47% year over year to CAD 18.5 million as Western Canada activity slowed and Peace River ramp-up lagged.
  • Gross margin slid 53% from a year earlier to CAD 17.4 million; adjusted gross margin (non-IFRS) declined 39% to CAD 29.8 million.
  • Outlook calls for stronger activity in the second half with full-year 2026 slightly below last year; Jeffrey Bowers joined the board.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Source Energy Services Ltd. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202607291700ACCESSWRNAPR_____1198249) on July 29, 2026, and is solely responsible for the information contained therein.