11:43 AM EST, 02/27/2025 (MT Newswires) -- (Updates shares.)

Source Energy Services ( SCEYF ) late on Wednesday reported that it swung to a loss in the fourth quarter, missing analyst estimates.

The company said it lost $7.2 million, or $0.53 per share, compared with a profit 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.

The company's shares were last seen down $0.45 to $11.95 on the Toronto Stock Exchange.

Price: 11.95, Change: -0.45, Percent Change: -3.63