Source Energy Services Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was CAD 119.91 million compared to CAD 97.69 million a year ago. Net income was CAD 5.87 million compared to net loss of CAD 3.58 million a year ago. Basic earnings per share from continuing operations was CAD 0.43 compared to basic loss per share from continuing operations of CAD 0.26 a year ago. Diluted earnings per share from continuing operations was CAD 0.38 compared to diluted loss per share from continuing operations of CAD 0.26 a year ago.
For the nine months, revenue was CAD 328.46 million compared to CAD 252.31 million a year ago. Net income was CAD 3.44 million compared to net loss of CAD 9.84 million a year ago. Basic earnings per share from continuing operations was CAD 0.25 compared to basic loss per share from continuing operations of CAD 0.73 a year ago. Diluted earnings per share from continuing operations was CAD 0.19 compared to diluted loss per share from continuing operations of CAD 0.73 a year ago.