Source Energy Services (TSX:SHLE) Construction In Progress: C$31.4 Mil (As of Mar. 2026)


TSX:SHLE Source Energy Services Ltd TSX:SHLE
69 GF Score
Price C$13.62
GF Value C$12.84
Valuation Fairly Valued
! 7 Warning Signs
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What is Source Energy Services Construction In Progress?

Source Energy Services TSX:SHLE -0.37% 69 Construction In Progress is C$31.4 Mil as of Mar. 2026. GuruFocus rates TSX:SHLE with a GF Score™ of 69/100 and a GF Value™ of C$12.84 (Fairly Valued). The stock has 7 warning signs investors should review.

Source Energy Services's quarterly construction in progress increased from Sep. 2025 (C$45.7 Mil) to Dec. 2025 (C$51.0 Mil) but then declined from Dec. 2025 (C$51.0 Mil) to Mar. 2026 (C$31.4 Mil).

Source Energy Services's annual construction in progress increased from Dec. 2023 (C$25.8 Mil) to Dec. 2024 (C$31.6 Mil) and increased from Dec. 2024 (C$31.6 Mil) to Dec. 2025 (C$51.0 Mil).

Source Energy Services Construction In Progress Historical Data

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The historical data trend for Source Energy Services's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Source Energy Services Construction In Progress Chart

Source Energy Services Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.08 26.44 25.78 31.57 51.04

Source Energy Services Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 32.33 32.50 45.72 51.04 31.43
TSX:SHLE
69GF Score
Source Energy Services Ltd TSX:SHLE
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Source Energy Services Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of C$31.4 Mil mean?
Source Energy Services (TSX:SHLE) has a Construction In Progress of C$31.4 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Source Energy Services and its competitors.
Is Source Energy Services' Construction In Progress too high?
Source Energy Services' current Construction In Progress is C$31.4 Mil. Overall, Source Energy Services has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Source Energy Services' Construction In Progress compare to SLB and BKR?
Source Energy Services' Construction In Progress of C$31.4 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for an Oil & Gas company?
A good Construction In Progress depends on the Oil & Gas industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Source Energy Services and its competitors. Source Energy Services's current Construction In Progress is C$31.4 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Source Energy Services stock overvalued right now?
Based on GuruFocus' analysis, Source Energy Services (TSX:SHLE) is currently considered Fairly Valued. The stock's GF Value™ is C$12.84, compared to a current price of C$13.62 — trading 6.1% above its estimated fair value. The current Construction In Progress is C$31.4 Mil. Source Energy Services' overall GF Score™ is 69/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Source Energy Services (TSX:SHLE), the current Construction In Progress is C$31.4 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Source Energy Services (TSX:SHLE) Overvalued in 2026?

Based on GuruFocus' analysis, Source Energy Services stock appears to be overvalued. The current stock price of C$13.62 is trading 6.1% above its estimated GF Value™ of C$12.84. GuruFocus considers Source Energy Services to be Fairly Valued.

Key valuation signals for TSX:SHLE:

  • Construction In Progress: C$31.4 Mil
  • GF Value™: C$12.84 vs. price of C$13.62 (6.1% above fair value)
  • GF Score™: 69/100 with 7 warning signs

No single metric tells the full story. See the TSX:SHLE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Source Energy Services Business Description

Industry EnergyOil & Gas
Other Exchanges SCEYF:USAS4O0:Germany
Address 438, 11th Avenue SE, Suite 500, Calgary, AB, CAN, T2G 0Y4
Source Energy Services Ltd is a Canada-based company engaged in the integrated production and distribution of frac sand as well as the distribution of other bulk oil and gas well completion materials that aren't produced by Source. It provides customers with an end-to-end solution for frac sand supported by its Wisconsin, United States, and Peace River, Alberta, Canada mines and processing facilities, its Western Canadian terminal network, and its last-mile logistics capabilities, including its trucking operations, and Sahara, a proprietary well site mobile sand storage and handling system. The geographical segments of the group are the USA Operations and Canadian Operations.
69GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$13.62
Price
C$12.84
GF Value