Source Rock Royalties Past Earnings Performance
Past criteria checks 1/6
Source Rock Royalties has been growing earnings at an average annual rate of 53.5%, while the Oil and Gas industry saw earnings growing at 40.5% annually. Revenues have been growing at an average rate of 30.9% per year. Source Rock Royalties's return on equity is 5.8%, and it has net margins of 23.6%.
Key information
53.5%
Earnings growth rate
51.3%
EPS growth rate
| Oil and Gas Industry Growth | 42.1% |
| Revenue growth rate | 30.9% |
| Return on equity | 5.8% |
| Net Margin | 23.6% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Recent updates
Source Rock Royalties (CVE:SRR) Is Increasing Its Dividend To CA$0.0065
Apr 25
Source Rock Royalties (CVE:SRR) Is Paying Out A Dividend Of CA$0.006
Mar 18Source Rock Royalties (CVE:SRR) Is Due To Pay A Dividend Of CA$0.0055
Sep 19Source Rock Royalties (CVE:SRR) Is Looking To Continue Growing Its Returns On Capital
Aug 16We Think Source Rock Royalties' (CVE:SRR) Robust Earnings Are Conservative
Sep 06Revenue & Expenses BreakdownBeta
How Source Rock Royalties makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 7 | 2 | 2 | 0 |
| 30 Sep 23 | 6 | 2 | 2 | 0 |
| 30 Jun 23 | 6 | 2 | 2 | 0 |
| 31 Mar 23 | 6 | 2 | 1 | 0 |
| 31 Dec 22 | 6 | 3 | 1 | 0 |
| 30 Sep 22 | 6 | 3 | 1 | 0 |
| 30 Jun 22 | 6 | 2 | 1 | 0 |
| 31 Mar 22 | 5 | 1 | 1 | 0 |
| 31 Dec 21 | 4 | 0 | 1 | 0 |
| 30 Sep 21 | 3 | -3 | 1 | 0 |
| 31 Dec 20 | 1 | -3 | 1 | 0 |
| 31 Dec 19 | 3 | 0 | 1 | 0 |
Quality Earnings: SRR has a high level of non-cash earnings.
Growing Profit Margin: SRR's current net profit margins (23.6%) are lower than last year (39.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: SRR's earnings have grown significantly by 53.5% per year over the past 5 years.
Accelerating Growth: SRR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SRR had negative earnings growth (-38.8%) over the past year, making it difficult to compare to the Oil and Gas industry average (-37.9%).
Return on Equity
High ROE: SRR's Return on Equity (5.8%) is considered low.