06:50 AM EST, 02/27/2025 (MT Newswires) -- Source Energy Services ( SCEYF ) late on Wednesday reported that it swung to a net loss in the fourth quarter, missing analyst estimates.

The net loss was $7.2 million, or $0.53 per share, swinging from a net income of $153 million, or $10.71. The FactSet consensus EPS estimate for the quarter was $0.28.

Sales fell to $145 million from $154.4 million. Sand revenue also dipped to $117.7 million from $124.3 million. Sand volumes came in at 767,712 metric tonnes, declining from 819,113 metric tonnes.