Source Energy Services Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was CAD 111.59 million compared to CAD 72.74 million a year ago. Net income was CAD 4.21 million compared to net loss of CAD 0.872 million a year ago. Basic earnings per share from continuing operations was CAD 0.31 compared to basic loss per share from continuing operations of CAD 0.06 a year ago. Diluted earnings per share from continuing operations was CAD 0.31 compared to diluted loss per share from continuing operations of CAD 0.06 a year ago.
For the six months, revenue was CAD 208.56 million compared to CAD 154.63 million a year ago. Net loss was CAD 2.43 million compared to CAD 6.26 million a year ago. Basic loss per share from continuing operations was CAD 0.18 compared to CAD 0.46 a year ago. Diluted loss per share from continuing operations was CAD 0.18 compared to CAD 0.46 a year ago.