Source Rock Royalties Ltd.

Source Rock Royalties Ltd.

1.07
CAD
-0.03
(-2.73%)
0.04EPS
22.68P/E
45.13MMarket Cap
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.03
0.1
0.15
0.15
0.17
0.13
0.14
Basic EPS, GAAP
-0.07
- -
0.06
0.03
0.03
0.03
0.04
Free Cash Flow per Basic Share
0.01
0.05
0.04
-0.19
0.15
0.08
0.07
Dividend per Share
0.02
0.03
0.05
0.07
0.08
0.08
0.08
Book Value per Share
0.36
0.34
0.61
0.59
0.56
0.51
0.51
Tangible Book Value per Share
0.36
0.33
0.61
0.59
0.56
0.51
0.51
Basic Weighted Avg Shares
43
43
42
45
45
46
46
Sales/Revenue/Turnover
1
4
6
7
8
6
6
Operating Margin (%)
-19.86
29.02
48.63
27.61
26.47
27.37
37.67
Depreciation Expense
1
2
2
3
4
3
3
Net Income, GAAP
-3
- -
3
2
1
1
2
Effective Tax Rate (%)
- -
- -
25.7
30.9
31.16
25.61
22.22
Profit Margin (%)
-207.62
4.14
39.41
23.57
19.45
21.93
31.74
Working Capital
1
2
13
2
5
5
5
LT Debt
- -
- -
- -
- -
- -
- -
- -
Total Equity
16
15
27
27
26
23
23
Return on Invested Capital (%)
- -
- -
10.99
4.62
5.28
4.93
7.93
Return on Capital (%)
- -
- -
12.18
5.77
5.69
5.38
8.29
Return on Common Equity (%)
- -
1.16
12.18
5.77
5.69
5.38
8.29

Capital Structure

CAD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
46
46
46
Market Capitalization
40
46
45

Working Capital

CAD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
5
5
5
Cash, Cash Equivalents & STI
4
4
4
Accounts Receivable, Net
1
1
1
Inventories
- -
- -
- -
Total Current Liabilities
1
1
- -
Payables & Accruals
1
1
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

CAD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
13.12%
-8.94%
Free Cash Flow
- -
-91.44%
-42.84%
Net Income, GAAP
- -
237.59%
-11.56%
Sales/Revenue/Turnover
- -
51.72%
-21.57%
Total Cash Common Dividend
- -
35.97%
3.09%

Quarterly Revenue

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2
2
2
2
8
2025
2
2
1
1
6
2026
1
2
- -
- -
- -

Quarterly Earnings Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.01
0.01
0.01
0.03
2025
0.01
- -
0.01
0.01
0.03
2026
0.01
0.02
- -
- -
- -

Quarterly Dividends Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.02
0.02
0.02
0.08
2025
0.02
0.02
0.02
0.02
0.08
2026
0.02
0.02
- -
- -
- -

Company Description

CEO
Bradley Robert Docherty
Full Time Employees
6
Sector
Energy minerals
Industry
Oil & gas production
Address
421 - 7th Ave S.W. Calgary AB Canada T2P 4K9
IPO Date
Mar 16, 2022
Business
Source Rock Royalties Ltd. (SRR.V) is a Canada-based royalty company focused on acquiring and managing royalties and streams primarily on oil and gas properties. The company offers royalty interests, net profit interests, and other non-operating revenue streams from producing and development-stage assets; it provides investors with exposure to energy sector cash flows without direct operational risks. Source Rock targets undervalued or overlooked royalty opportunities in North America, emphasizing low-cost acquisition strategies in conventional oil and gas plays. Founded in 2020 and headquartered in Calgary, Alberta, the company operates principally in Western Canada, with a portfolio centered on assets in Alberta, Saskatchewan, and British Columbia. Its business segments include acquisition of existing royalties from producers or private sellers; origination of new royalty deals through farm-ins or financing arrangements; and portfolio management to optimize revenue from mature and emerging wells. Source Rock serves institutional and retail investors seeking yield-oriented investments in the energy royalty space. Recent developments include the acquisition of additional royalty interests in key Western Canadian basins during 2024, bolstering its production profile amid favorable commodity prices. The company announced strategic financings to fund portfolio expansion, including a private placement that strengthened its balance sheet for opportunistic deals. Source Rock continues to pursue growth through targeted royalty purchases, maintaining a debt-free structure to capitalize on market dislocations in the energy sector.