- Source Rock Royalties (SRR) announces standout results for Q4 and 2022
- Q4 highlights include royalty revenue of $1,504,421, an increase of 21 per cent YoY, and adjusted EBITDA of $1,399,621 ($0.031 per share), an increase of 27 per cent YoY
- Annual highlights include record royalty revenue of $6,490,519, an increase of 52 per cent YoY, as well as record adjusted EBITDA, funds from operations, and royalty production
- Founder, President and CEO, Brad Docherty, spoke with Shoran Devi about the news
- Source Rock is a pure-play oil and gas royalty company with a light-oil focused portfolio of royalty interests in Alberta and Saskatchewan
- Source Rock Royalties (SRR) last traded at $0.86 per share
Source Rock Royalties (SRR) announces standout results for Q4 and 2022.
The company remains focused on further advancing the expansion and diversification of its oil-focused royalty portfolio.
Management believes the company is well-positioned to keep costs low and maximize insulation from macro and industry-specific inflation, while benefitting from continued strength in oil prices.
Founder, President and CEO, Brad Docherty, spoke with Shoran Devi about the news.
Financial and operational results
Source Rock is a pure-play oil and gas royalty company with a light-oil focused portfolio of royalty interests in Alberta and Saskatchewan.
Source Rock Royalties (SRR) last traded at $0.86 per share.
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