CALGARY, Alberta, Nov. 08, 2023 (GLOBE NEWSWIRE) — Source Energy Services Ltd. (“Source” or the “Company”) is pleased to announce its financial results for the three and nine months ended September 30, 2023. Q3 2023 PERFORMANCE HIGHLIGHTS Source achieved the following key highlights during the third quarter of 2023: realized sand sales volumes of 709,826 per metric tonne (“MT”) and sand revenue of $102.2 million, a $5.0 million increase from the third quarter of 2022; generated total revenue of $124.7 million, a $4.8 million increase from the third quarter of 2022;realized gross margin of $25.0 million and Adjusted Gross Margin(1) of $30.8 million, increases of 53% and 46%, respectively, when compared to the same period in 2022;reduced the principal value…
