09:01 PM EDT, 08/01/2024 (MT Newswires) -- Black Diamond Group ( BDIMF ) , a specialty rentals and industrial services company, reported consolidated rental revenue of $35.3 million for the second quarter was "essentially flat" as compared to the Comparative Quarter. Adjusted EBITDA of $27.9 million was up 24%, driven primarily by higher total revenues and gross profit. Quarterly profit of $7.5 million was 63% higher. Diluted earnings per share of $0.12 was 50% higher, beating the Capital IQ forecast by $0.01. The company said its outlook for the remainder of 2024 "remains positive", driven in-part by over $139.6 million of contracted future rental revenue, up 16% from the end of the Comparative Quarter. Capital commitments of $32.3 million at the end of the Quarter are 36% higher and BDI "continues to see opportunities to compound and reinvest shareholder capital through organic fleet growth along with additional potential tuck-in acquisitions.

CT Real Estate Investment Trust (CRT-UN.TO) reported adjusted funds from operations per unit diluted of $0.315 for the second quarter, versus $0.304 a year earlier.

Nova Cannabis Inc. ( NVACF ) reported record revenue of $69.2 million and gross profit improvement to 24%.

Perpetual Energy Inc. ( PMGYF ) reported second quarter per share basic and diluted of $0.05 compared to a loss of $0.06 for both a year earlier. On 2024 outlook, Perpetual's Board approved annual exploration and development capital spending of $7.0 to $8.0 million for 2024, excluding land purchases and acquisitions, if any. It said exploration and development capital spending will be focused almost exclusively at East Edson. During the second half of 2024, Perpetual plans to participate at its 50% working interest in the remainder of the two-well (1.0 net) East Edson drilling program to finish drilling operations on the second well, and to complete, fracture stimulate, equip, and tie-in the horizontal Wilrich wells. It said production additions from the new wells are expected to partially offset production declines through the West Wolf gas plant in order to optimize production and operating costs and meet transportation commitments. 2024 guidance is relatively unchanged from the company's guidance of May 7, 2024.

Source Energy Services Ltd. ( SCEYF ) reported second quarter diluted net earnings per share $0.26 and generated total revenue of $176.4 million, a $49.4 million increase from the same period last year and also realized Adjusted EBITDA of $30.8 million, a $10.4 million improvement from the same period of 2023. Among highlights, it realized sand sales volumes of 921,148 metric tonnes and sand revenue of $140.1 million, the highest quarterly sand volumes and revenue achieved by Source to date, reflecting an increase of $38.1 million in sand revenue from the second quarter of 2023, and it realized gross margin of $32.6 million and Adjusted Gross Margin of $42.1 million, increases of 31% and 40%, respectively, when compared to the second quarter of 2023. Of other highlights, it reduced total debt outstanding by $26.4 million from the end of the first quarter; delivered record sand volumes to customer well sites during the quarter through last mile logistics, and achieved utilization of 80% across the nine-unit Sahara fleet, compared to 79% utilization for the second quarter of 2023; shipped Source's tenth Sahara unit for deployment in Alaska with a large exploration and production customer; and announced a partnership with Trican Well Service Ltd. to develop a new terminal located in Taylor, British Columbia subsequent to the end of the quarter.