Source Historical Income Statement

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CAD 10.25 0.19 1.89%

Historical analysis of Source Energy income statement accounts such as Total Revenue of 370.6 M, Gross Profit of 133.7 M, Other Operating Expenses of 323.7 M or Operating Income of 52 M can show how well Source Energy Services performed in making a profits. Evaluating Source Energy income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Source Energy's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Source Energy Services latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Source Energy Services is a good buy for the upcoming year.

Net Income Gross Profit

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Source Energy Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

About Source Income Statement Analysis

Source Energy Services Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Source Energy shareholders. The income statement also shows Source investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Source Energy Income Statement Chart

At this time, Source Energy's Total Operating Expenses is very stable compared to the past year. As of the 27th of March 2025, Income Before Tax is likely to grow to about 18.7 M, while Depreciation And Amortization is likely to drop about 32.1 M.

Selling General Administrative Selling And Marketing Expenses Total Revenue Gross Profit

Total Revenue

Total revenue comprises all receipts Source Energy Services generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Source Energy Services minus its cost of goods sold. It is profit before Source Energy operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Most accounts from Source Energy's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Source Energy Services current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Source Energy Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

	2022	2023	2024	2025 (projected)
Interest Expense	32.3M	34.7M	32.5M	26.9M
Depreciation And Amortization	31.6M	37.9M	43.6M	32.1M

Interest Expense Depreciation And Amortization

Source Energy income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Selling And Marketing Expenses	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Net Income From Continuing Ops	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Minority Interest	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.86	0.26	0.92	0.72	0.33	0.78	-0.06	-0.32	0.04	0.21	0.77	0.34	-0.36	-0.37	-0.33	-0.19	0.1	-0.06	0.79	-0.74	0.96
Interest Expense	0.86		0.35	0.91	0.83	0.45	0.88	0.13	-0.07	0.27	0.41	0.88	0.38	-0.08	-0.07	-0.09	-0.14	0.28	-0.02	0.9	-0.93	0.76
Selling General Administrative	0.26	0.35		0.42	0.62	0.92	0.56	0.71	0.33	0.87	0.9	0.59	0.95	0.37	0.4	0.34	-0.6	-0.01	0.07	0.29	-0.54	0.42
Selling And Marketing Expenses	0.92	0.91	0.42		0.89	0.5	0.93	0.15	-0.09	0.27	0.42	0.92	0.42	-0.1	-0.11	-0.09	-0.27	0.13	-0.06	0.79	-0.8	0.87
Total Revenue	0.72	0.83	0.62	0.89		0.75	0.99	0.51	0.28	0.61	0.71	0.99	0.56	0.28	0.27	0.27	-0.42	0.08	-0.12	0.61	-0.82	0.71
Gross Profit	0.33	0.45	0.92	0.5	0.75		0.67	0.88	0.49	0.91	0.95	0.71	0.84	0.53	0.5	0.5	-0.58	0.05	0.0	0.27	-0.65	0.46
Other Operating Expenses	0.78	0.88	0.56	0.93	0.99	0.67		0.4	0.19	0.52	0.63	1.0	0.51	0.18	0.18	0.19	-0.38	0.08	-0.13	0.67	-0.82	0.75
Operating Income	-0.06	0.13	0.71	0.15	0.51	0.88	0.4		0.74	0.89	0.86	0.44	0.56	0.79	0.73	0.75	-0.48	0.04	-0.06	-0.11	-0.38	0.07
Net Income From Continuing Ops	-0.32	-0.07	0.33	-0.09	0.28	0.49	0.19	0.74		0.72	0.64	0.21	0.08	0.99	0.98	0.99	-0.47	-0.28	-0.51	-0.35	-0.09	-0.29
Ebit	0.04	0.27	0.87	0.27	0.61	0.91	0.52	0.89	0.72		0.99	0.55	0.75	0.76	0.76	0.71	-0.57	0.01	-0.1	0.09	-0.5	0.17
Ebitda	0.21	0.41	0.9	0.42	0.71	0.95	0.63	0.86	0.64	0.99		0.66	0.8	0.67	0.68	0.63	-0.59	0.03	-0.09	0.22	-0.62	0.33
Cost Of Revenue	0.77	0.88	0.59	0.92	0.99	0.71	1.0	0.44	0.21	0.55	0.66		0.54	0.21	0.21	0.2	-0.39	0.1	-0.12	0.67	-0.84	0.74
Total Operating Expenses	0.34	0.38	0.95	0.42	0.56	0.84	0.51	0.56	0.08	0.75	0.8	0.54		0.14	0.16	0.09	-0.46	0.13	0.26	0.39	-0.56	0.52
Income Before Tax	-0.36	-0.08	0.37	-0.1	0.28	0.53	0.18	0.79	0.99	0.76	0.67	0.21	0.14		0.98	0.98	-0.41	-0.15	-0.38	-0.36	-0.1	-0.32
Total Other Income Expense Net	-0.37	-0.07	0.4	-0.11	0.27	0.5	0.18	0.73	0.98	0.76	0.68	0.21	0.16	0.98		0.97	-0.43	-0.19	-0.4	-0.31	-0.09	-0.34
Net Income	-0.33	-0.09	0.34	-0.09	0.27	0.5	0.19	0.75	0.99	0.71	0.63	0.2	0.09	0.98	0.97		-0.53	-0.28	-0.5	-0.39	-0.07	-0.29
Income Tax Expense	-0.19	-0.14	-0.6	-0.27	-0.42	-0.58	-0.38	-0.48	-0.47	-0.57	-0.59	-0.39	-0.46	-0.41	-0.43	-0.53		0.57	0.57	0.07	0.25	-0.3
Minority Interest	0.1	0.28	-0.01	0.13	0.08	0.05	0.08	0.04	-0.28	0.01	0.03	0.1	0.13	-0.15	-0.19	-0.28	0.57		0.83	0.34	-0.33	0.09
Tax Provision	-0.06	-0.02	0.07	-0.06	-0.12	0.0	-0.13	-0.06	-0.51	-0.1	-0.09	-0.12	0.26	-0.38	-0.4	-0.5	0.57	0.83		0.14	-0.01	-0.01
Interest Income	0.79	0.9	0.29	0.79	0.61	0.27	0.67	-0.11	-0.35	0.09	0.22	0.67	0.39	-0.36	-0.31	-0.39	0.07	0.34	0.14		-0.81	0.71
Net Interest Income	-0.74	-0.93	-0.54	-0.8	-0.82	-0.65	-0.82	-0.38	-0.09	-0.5	-0.62	-0.84	-0.56	-0.1	-0.09	-0.07	0.25	-0.33	-0.01	-0.81		-0.72
Reconciled Depreciation	0.96	0.76	0.42	0.87	0.71	0.46	0.75	0.07	-0.29	0.17	0.33	0.74	0.52	-0.32	-0.34	-0.29	-0.3	0.09	-0.01	0.71	-0.72

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Source Energy Account Relationship Matchups

Source Energy income statement Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Depreciation And Amortization	46.2M	31.1M	31.6M	37.9M	43.6M	32.1M
Interest Expense	29.2M	29.7M	32.3M	34.7M	32.5M	26.9M
Selling General Administrative	12.5M	18.5M	19.9M	30.9M	56.3M	59.1M
Selling And Marketing Expenses	7.0M	5.1M	6.8M	8.6M	9.8M	5.6M
Total Revenue	249.9M	319.9M	415.9M	569.7M	674.0M	370.6M
Gross Profit	24.7M	39.3M	58.1M	97.3M	127.3M	133.7M
Other Operating Expenses	260.9M	316.8M	399.4M	516.1M	593.5M	323.7M
Operating Income	(9.9M)	3.7M	17.5M	53.6M	49.6M	52.0M
Net Income From Continuing Ops	(185.5M)	(24.4M)	(8.8M)	167.3M	9.5M	10.0M
Ebit	(124.5M)	5.8M	24.1M	186.0M	213.9M	224.6M
Ebitda	(78.4M)	36.9M	55.8M	223.9M	257.5M	270.4M
Cost Of Revenue	225.2M	280.5M	357.8M	472.4M	546.6M	311.7M
Total Operating Expenses	35.7M	36.3M	41.6M	43.7M	624.4M	655.6M
Income Before Tax	(154.1M)	(24.4M)	(8.8M)	150.0M	17.9M	18.7M
Total Other Income Expense Net	(143.0M)	(28.1M)	(26.3M)	96.3M	2.6M	2.7M
Net Income Applicable To Common Shares	(88.5M)	(182.7M)	(24.4M)	(8.8M)	(7.9M)	(8.3M)
Net Income	(185.5M)	(56.1M)	(2.9M)	167.3M	9.5M	10.0M
Income Tax Expense	31.4M	31.7M	(5.8M)	(17.4M)	(20.0M)	(19.0M)
Minority Interest	(1.1M)	(2.6M)	2.8M	94K	108.1K	113.5K
Tax Provision	(23.9M)	31.4M	0.0	(17.4M)	8.3M	8.8M
Interest Income	25.7M	28.6M	29.3M	23.4M	26.9M	26.0M
Net Interest Income	(29.7M)	(30.3M)	(33.1M)	(36.3M)	(34.3M)	(36.0M)
Reconciled Depreciation	46.0M	31.0M	31.4M	37.6M	52.4M	42.3M

Pair Trading with Source Energy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Source Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Source Energy will appreciate offsetting losses from the drop in the long position's value.

Moving against Source Stock

0.87	ENB-PFU	Enbridge Pref L	Pair Corr
0.86	ENB-PFV	Enbridge Pref 5	Pair Corr
0.86	BRK	Berkshire Hathaway CDR	Pair Corr
0.64	SAGE	Sage Potash Corp	Pair Corr
0.37	SBUX	Starbucks CDR	Pair Corr

The ability to find closely correlated positions to Source Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Source Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Source Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Source Energy Services to buy it.

The correlation of Source Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Source Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Source Energy Services moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Source Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Source Stock

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Source Historical Income Statement

About Source Income Statement Analysis

Source Energy Income Statement Chart

Total Revenue

Gross Profit

Source Energy income statement Correlations

Source Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Source Energy income statement Accounts

Pair Trading with Source Energy

Moving against Source Stock

Other Information on Investing in Source Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cost Of Revenue	+ 1.0	Other Operating Expenses
Other Operating Expenses	+ 0.99	Total Revenue
Cost Of Revenue	+ 0.99	Total Revenue
Income Before Tax	+ 0.99	Net Income From Continuing Ops
Net Income	+ 0.99	Net Income From Continuing Ops
Ebitda	+ 0.99	Ebit

Net Interest Income	- 0.93	Interest Expense
Net Interest Income	- 0.84	Cost Of Revenue
Net Interest Income	- 0.82	Other Operating Expenses
Net Interest Income	- 0.82	Total Revenue
Net Interest Income	- 0.81	Interest Income
Net Interest Income	- 0.8	Selling And Marketing Expenses