)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
ShaMaran Petroleum Corp (SNM) investor relations material
ShaMaran Petroleum Corp Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary5 Nov, 2025
Executive summary
Reopening of the Iraq-Türkiye pipeline after over two years enabled resumption of international oil exports at full contractual entitlement and international prices, improving revenue potential.
Production was temporarily impacted by July drone attacks, but both Sarsang and Atrush fields returned to full capacity during the quarter.
Interim agreements with the Kurdistan Regional Government and Iraq set compensation at $16 per barrel for an initial period, with reconciliation to full PSC entitlement expected in coming months.
Financial highlights
Q3 2025 revenue was $28.9 million, down 2% year-over-year, mainly due to the drone strike, partially offset by four days of international price sales.
Gross margin on oil sales was $9.3 million, 7% lower year-over-year, reflecting operational disruptions and higher working interest costs.
Free cash flow before debt service was $4.8 million, a 78% decrease year-over-year, due to lower sales, delayed receipts, and higher repair costs.
Adjusted EBITDAX was $17.9 million, down 18% year-over-year.
At September 30, 2025, cash was $54.7 million, gross debt $143.8 million, and net debt $89.1 million.
Segment performance
Atrush average gross daily oil production in Q3 2025 was 29.4 Mbopd; Sarsang was 18.2 Mbopd.
Combined gross daily production was 47.6 Mbopd, 20% lower year-over-year due to the drone strike.
Company net daily production was 18.0 Mbopd, up 6% year-over-year, reflecting increased working interest in Atrush.
Update on full PSC entitlement payment timeline
Mitigation strategies for delayed ITP cash receipts
Progress on recovering past oil sales receivables?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next ShaMaran Petroleum Corp earnings date
Q4 20254 Mar, 2026
Next ShaMaran Petroleum Corp earnings date
Q4 20254 Mar, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
ShaMaran Petroleum Corp. is an independent Canadian oil and gas exploration and production company primarily operating in the Kurdistan region of Iraq. ShaMaran is part of the Lundin Group of companies, which consists of independent publicly-traded natural resource companies. The company is headquartered in Vancouver, British Columbia, Canada, and its shares are listed on the TSX.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage