Source Energy Q1 FY26 swings to net loss of $3.3 million; revenue falls 23% to $160.2 million

  • Source Energy Services reported a net loss of CAD 3.3 million, swinging from profit, as revenue fell 23% to CAD 160.2 million.
  • Operating income dropped 68.29% to CAD 5.8 million; gross margin slid 40.14% to CAD 22 million.
  • Adjusted EBITDA decreased 21.92% to CAD 26.3 million on lower customer activity levels tied to economic uncertainty and lower commodity prices for most of the quarter.
  • Sand sales volumes declined 16.29% to 871,581 metric tonnes; Sahara fleet utilization reached 78%, with US operating units at 100%.
  • Accepted delivery of first unit train at Taylor transload facility; free cash flow turned negative to CAD 3.9 million.


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: 202605071814ACCESSWRNAPR_____1165108) on May 07, 2026, and is solely responsible for the information contained therein.

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.