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Source Rock Royalties Ltd., an oil and gas royalty company, engages in acquiring and managing oil and gas royalties and mineral title interests. It has an oil focused portfolio of royalty interests concentrated in S.E. Saskatchewan, central Alberta, and west-central Saskatchewan. The company was incorporated in 2012 and is headquartered in Calgary, Canada.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Source Rock Royalties Ltd is a Canadian-listed company that acquires and manages oil and gas royalty and mineral interests, providing revenue tied to production rather than operating assets. Long-term growth may be supported by higher commodity prices and selective royalty acquisitions that add volumes and geographic diversification, making the company attractive for investors seeking lower-capital exposure to hydrocarbons.
Key risks are commodity price volatility, natural production decline of underlying reserves, and execution and liquidity risks typical of a small-cap royalty acquirer.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 1.78M | 2.17M | 2.27M | 3.44M | -0.13M |
| Net income | 1.32M | 1.50M | 1.57M | 2.56M | 0.18M |
| Selling general administrative | 1.42M | 1.71M | 1.63M | 1.15M | 0.79M |
| Gross profit | 3.07M | 3.75M | 3.46M | 4.31M | 2.03M |
| Reconciled depreciation | 2.96M | 3.94M | 3.18M | 2.18M | 2.24M |
| Ebit | - | - | - | 3.16M | -0.13M |
| Ebitda | - | - | - | 5.34M | 3.47M |
| Operating income | 1.65M | 2.04M | 1.84M | 3.16M | 1.24M |
| Tax provision | 0.46M | 0.68M | 0.70M | 0.88M | -0.31M |
| Interest income | 0.13M | 0.14M | 0.43M | 0.29M | 0.00M |
| Net interest income | 0.13M | 0.14M | 0.43M | 0.29M | 0.00M |
| Income tax expense | - | - | - | 0.88M | -0.31M |
| Total revenue | 6.03M | 7.69M | 6.65M | 6.49M | 4.26M |
| Total operating expenses | 4.38M | 5.65M | 4.81M | 3.33M | 3.03M |
| Cost of revenue | 2.96M | 3.94M | 3.18M | 2.18M | 2.24M |
| Total other income expense net | - | - | - | - | -1.37M |
| Net income from continuing ops | 1.32M | 1.50M | 1.57M | 2.56M | 0.18M |
| Net income applicable to common shares | - | - | - | 2.56M | 0.18M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 23.95M | 26.59M | 27.26M | 28.82M | 15.36M |
| Other current assets | - | - | - | - | 0.16M |
| Total liab | 0.53M | 0.87M | 0.40M | 1.38M | 0.80M |
| Total stockholder equity | 23.42M | 25.72M | 26.86M | 27.44M | 14.56M |
| Other current liab | - | - | - | 1.35M | 0.53M |
| Common stock | - | - | - | 26.29M | 13.98M |
| Capital stock | 26.76M | 26.76M | 26.48M | 26.29M | 13.98M |
| Retained earnings | -20.90M | -18.67M | -16.69M | -15.29M | -15.15M |
| Other liab | - | - | - | - | 0.15M |
| Other assets | - | - | - | 0.22M | - |
| Cash | 4.15M | 4.64M | 1.46M | 13.15M | 1.49M |
| Total current liabilities | 0.53M | 0.87M | 0.40M | 1.38M | 0.65M |
| Other stockholder equity | - | - | - | 0.31M | - |
| Property plant equipment | - | - | - | 14.06M | 12.62M |
| Total current assets | 5.14M | 5.73M | 2.77M | 14.29M | 2.48M |
| Net tangible assets | - | - | - | 27.19M | 14.31M |
| Net receivables | 0.96M | 1.04M | 1.26M | 1.09M | 0.82M |
| Accounts payable | 0.06M | 0.04M | 0.11M | 0.02M | 0.03M |
| Non current assets total | 18.82M | 20.86M | 24.49M | 14.53M | 12.87M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | -0.03M | -13.28M | -3.62M | -1.19M |
| Change to liabilities | - | - | - | -0.10M | 0.05M |
| Total cashflows from investing activities | - | - | - | -3.62M | -1.19M |
| Total cash from financing activities | -4.27M | -3.45M | -3.33M | 9.96M | -1.63M |
| Change to operating activities | - | - | - | -0.04M | 0.02M |
| Net income | 1.32M | 1.50M | 1.57M | 2.56M | 0.18M |
| Change in cash | -0.49M | 3.17M | -11.69M | 11.66M | 0.58M |
| Begin period cash flow | 4.64M | 1.46M | 13.15M | 1.49M | 0.91M |
| End period cash flow | 4.15M | 4.64M | 1.46M | 13.15M | 1.49M |
| Total cash from operating activities | 4.62M | 6.65M | 4.91M | 5.32M | 3.41M |
| Issuance of capital stock | - | - | 0.00M | 13.49M | - |
| Depreciation | - | - | - | 2.18M | 3.62M |
| Dividends paid | -3.56M | -3.45M | -3.37M | 2.02M | 1.47M |
| Change to account receivables | - | - | - | -0.27M | -0.45M |
| Sale purchase of stock | - | - | 0.00M | -0.44M | - |
| Other cashflows from financing activities | - | - | - | -1.07M | -0.16M |
| Change to netincome | - | - | - | 0.39M | -0.09M |
| Capital expenditures | 0.83M | 0.03M | 13.28M | 3.62M | 1.19M |
| Change in working capital | -0.23M | 0.65M | -0.74M | 0.19M | -0.30M |
| Stock based compensation | 0.65M | 0.84M | 0.78M | 0.40M | 0.31M |
| Free cash flow | 3.79M | 6.62M | -8.36M | 1.70M | 2.21M |
Sector: Energy Industry: Oil & Gas Midstream
|
Stock Name
|
Change
(CAD) |
Price
(CAD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| SRR Source Rock Royalties Ltd |
-0.01 0.89% |
1.11 | 32.67 | - | 7.41 | 1.89 | 6.64 | 8.68 |
| ATLE Atlas Energy Corp. |
- -% |
0.09 | - | 69.44 | 12.30 | 3.81 | 21.72 | -332.50 |
Source Rock Royalties Ltd., an oil and gas royalty company, engages in acquiring and managing oil and gas royalties and mineral title interests. It has an oil focused portfolio of royalty interests concentrated in S.E. Saskatchewan, central Alberta, and west-central Saskatchewan. The company was incorporated in 2012 and is headquartered in Calgary, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. Bradley Rober Docherty | Founder, Chairman, CEO & Pres | 1981 |
| Ms. Cheryne A. Lowe C.A., CPA | Chief Financial Officer | NA |
| Mr. Lucas Tomei LL.B., B.Sc | Corp. Sec. | NA |
| Mr. Bradley Rober Docherty B.A., L.L.B. | Founder, Chairman, CEO & President | 1981 |
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