0 seconds of 2 minutes, 25 secondsVolume 0%
Press shift question mark to access a list of keyboard shortcuts
00:00
02:25
02:25
 
  • 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.

This is sponsored content, please see full disclaimer here.

More From The Market Online