Source Rock Royalties Sees Record Quarterly Revenue Growth
Source Rock Royalties Ltd., a pure-play oil and gas royalty company, released its second-quarter results for 2026. The quarterly royalty revenue reached $2.13 million, up by 40% from Q2 2025.
The company's adjusted EBITDA was $1.93 million ($0.042 per share), an increase of 49% over the same period last year. Quarterly funds from operations were $1.62 million ($0.036 per share), up by 39%.
Source Rock declared three monthly dividends, with a payout ratio of 55%. The company's operating netback was $96.51 per boe and corporate netback was $81.09 per boe.
In the second quarter, Source Rock acquired a 50% interest in 16.75 sections (10,720 acres) of Crown mineral leases in Alberta for a purchase price of $402,073. The company's working capital as at June 30, 2026 was $4.89 million.