Source Energy Services Management
Management criteria checks 2/4
Source Energy Services' CEO is Scott Melbourn, appointed in Mar 2022, has a tenure of 3.67 years. total yearly compensation is CA$2.63M, comprised of 15.6% salary and 84.4% bonuses, including company stock and options. directly owns 1.17% of the company’s shares, worth CA$1.66M. The average tenure of the management team and the board of directors is 3.3 years and 4.9 years respectively.
Key information
Scott Melbourn
Chief executive officer
CA$2.6m
Total compensation
| CEO salary percentage | 15.56% |
| CEO tenure | 3.7yrs |
| CEO ownership | 1.2% |
| Management average tenure | 3.3yrs |
| Board average tenure | 4.9yrs |
Recent management updates
Recent updates
We Think You Can Look Beyond Source Energy Services' (TSE:SHLE) Lackluster Earnings
Nov 18
Source Energy Services (TSE:SHLE) Takes On Some Risk With Its Use Of Debt
Oct 13We Like These Underlying Return On Capital Trends At Source Energy Services (TSE:SHLE)
Aug 23Source Energy Services Ltd.'s (TSE:SHLE) Shares Leap 25% Yet They're Still Not Telling The Full Story
Jul 05Source Energy Services Ltd.'s (TSE:SHLE) Shares Climb 45% But Its Business Is Yet to Catch Up
May 09Source Energy Services (TSE:SHLE) Takes On Some Risk With Its Use Of Debt
May 07Source Energy Services (TSE:SHLE) Is Looking To Continue Growing Its Returns On Capital
Apr 04
Peace River Upgrade And LNG Projects Will Expand Capacity And Meet Rising Demand
Facility upgrades and partnerships improve logistics and production capacity, supporting revenue growth and potentially enhancing margins through efficiency and expanded service offerings.Source Energy Services' (TSE:SHLE) Soft Earnings Don't Show The Whole Picture
Mar 07Source Energy Services Ltd. Just Missed Earnings - But Analysts Have Updated Their Models
Mar 02Source Energy Services Ltd.'s (TSE:SHLE) Business Is Trailing The Industry But Its Shares Aren't
Feb 28Does Source Energy Services (TSE:SHLE) Have A Healthy Balance Sheet?
Jan 20Source Energy Services (TSE:SHLE) Is Experiencing Growth In Returns On Capital
Dec 19Investor Optimism Abounds Source Energy Services Ltd. (TSE:SHLE) But Growth Is Lacking
Nov 06Returns On Capital Are Showing Encouraging Signs At Source Energy Services (TSE:SHLE)
Sep 09The Market Lifts Source Energy Services Ltd. (TSE:SHLE) Shares 27% But It Can Do More
Jul 18Investors Give Source Energy Services Ltd. (TSE:SHLE) Shares A 28% Hiding
May 22Further Upside For Source Energy Services Ltd. (TSE:SHLE) Shares Could Introduce Price Risks After 48% Bounce
Mar 27Source Energy Services (TSE:SHLE) Is Posting Healthy Earnings, But It Is Not All Good News
Mar 14Take Care Before Diving Into The Deep End On Source Energy Services Ltd. (TSE:SHLE)
Jan 18The Return Trends At Source Energy Services (TSE:SHLE) Look Promising
Aug 10Broker Revenue Forecasts For Source Energy Services Ltd. (TSE:SHLE) Are Surging Higher
May 11Returns Are Gaining Momentum At Source Energy Services (TSE:SHLE)
Apr 19Here's Why Source Energy Services (TSE:SHLE) Has A Meaningful Debt Burden
Jan 23These 4 Measures Indicate That Source Energy Services (TSE:SHLE) Is Using Debt Extensively
Sep 13CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2025 | n/a | n/a | CA$24m |
| Jun 30 2025 | n/a | n/a | CA$40m |
| Mar 31 2025 | n/a | n/a | CA$31m |
| Dec 31 2024 | CA$3m | CA$409k | CA$10m |
| Sep 30 2024 | n/a | n/a | CA$170m |
| Jun 30 2024 | n/a | n/a | CA$163m |
| Mar 31 2024 | n/a | n/a | CA$161m |
| Dec 31 2023 | CA$1m | CA$394k | CA$167m |
| Sep 30 2023 | n/a | n/a | CA$2m |
| Jun 30 2023 | n/a | n/a | CA$4m |
| Mar 31 2023 | n/a | n/a | CA$6m |
| Dec 31 2022 | CA$869k | CA$357k | -CA$9m |
| Sep 30 2022 | n/a | n/a | -CA$11m |
| Jun 30 2022 | n/a | n/a | -CA$21m |
| Mar 31 2022 | n/a | n/a | -CA$26m |
| Dec 31 2021 | CA$699k | CA$310k | -CA$24m |
| Sep 30 2021 | n/a | n/a | CA$14m |
| Jun 30 2021 | n/a | n/a | CA$10m |
| Mar 31 2021 | n/a | n/a | -CA$5m |
| Dec 31 2020 | CA$348k | CA$291k | -CA$183m |
| Sep 30 2020 | n/a | n/a | -CA$210m |
| Jun 30 2020 | n/a | n/a | -CA$262m |
| Mar 31 2020 | n/a | n/a | -CA$265m |
| Dec 31 2019 | CA$663k | CA$310k | -CA$89m |
| Sep 30 2019 | n/a | n/a | -CA$99m |
| Jun 30 2019 | n/a | n/a | -CA$40m |
| Mar 31 2019 | n/a | n/a | -CA$13m |
| Dec 31 2018 | CA$834k | CA$302k | -CA$2m |
Compensation vs Market: Scott's total compensation ($USD1.86M) is above average for companies of similar size in the Canadian market ($USD160.32K).
Compensation vs Earnings: Scott's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Scott Melbourn (51 yo)
Mr. Scott Melbourn has been President and Chief Executive Officer of Source Energy Services Ltd. since March 2022 and has been its Director since March 2022 and served as its Chief Operating Officer since...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.7yrs | CA$2.63m | 1.17% CA$ 1.7m | |
| Executive VP & CFO | 12.8yrs | CA$2.17m | 0.49% CA$ 691.4k | |
| Vice President of Sales & Marketing | 3.3yrs | CA$1.96m | no data | |
| President of Production | 2.6yrs | CA$1.99m | no data | |
| President of Distribution | 3.3yrs | CA$1.97m | no data |
Experienced Management: SHLE's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.7yrs | CA$2.63m | 1.17% CA$ 1.7m | |
| Independent Director | 4.9yrs | CA$151.80k | no data | |
| Independent Director | 8.8yrs | CA$136.80k | no data | |
| Independent Chair of the Board | 4.9yrs | CA$183.80k | 0.057% CA$ 80.9k |
Experienced Board: SHLE's board of directors are considered experienced (4.9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/11/20 11:00 |
| End of Day Share Price | 2025/11/20 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Source Energy Services Ltd. is covered by 14 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Nick Corcoran | Acumen Capital Finance Partners Limited |
| Tim Monachello | ATB Capital Markets |
| null null | BMO Capital Markets Equity Research |