)
Edge6 Mar 2026
Upvoted: The Story of Reddit
How Reddit built a unique platform around communities and conversation, turning human insight and intent into a distinctive business model.
ShaMaran Petroleum
ShaMaran Petroleum (SNM) investor relations material
ShaMaran Petroleum Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary4 Mar, 2026
Executive summary
Q4 2025 and FY 2025 results reflect higher earnings from improved international crude pricing after the Iraq-Türkiye pipeline reopened, with materially higher sales and EBITDAX versus prior periods.
Payment certainty for oil sales improved, enabling renewed investment in assets and operational expansion.
Debottlenecking at Atrush increased crude handling capacity to 40,000 bopd, with plans to drill to fill this capacity depending on regional security.
Shareholders to vote on moving the primary listing to Oslo and corporate continuance to Bermuda to attract new investors and increase liquidity.
Financial highlights
Q4 2025 revenue was $54.7M, up 57% year-over-year; FY 2025 revenue was $154.9M, up 42% year-over-year, driven by international oil sales.
Q4 2025 gross margin was $30.5M, up 60% year-over-year; FY 2025 gross margin was $65.0M, up 50% year-over-year.
Net cash flow from operating activities in Q4 2025 was $4.7M, down 86% year-over-year; FY 2025 net cash flow was $69.1M, down 29% year-over-year, mainly due to timing of cash receipts and higher expenditures.
Adjusted EBITDAX in Q4 2025 was $39.9M, up 71% year-over-year; FY 2025 Adjusted EBITDAX was $107.1M, up 41% year-over-year.
Cash at year-end 2025 was $42.1M with gross debt of $143.8M; net debt was $101.6M.
Outlook and guidance
Interim export agreements extended to March 31, 2026, with full PSC entitlement payments expected after review completion.
Plans to drill additional wells to maximize new Atrush capacity, subject to regional security conditions.
Temporary production shut-in at Atrush and Sarsang announced March 2, 2026, as a precaution due to security environment; restart planned as soon as possible.
Status of the PSC entitlement reconciliation
Strategic rationale for the Oslo listing move
Security impact on the drill-to-fill strategy
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Next ShaMaran Petroleum earnings date
Q1 20266 May, 2026
ShaMaran Petroleum
Next ShaMaran Petroleum earnings date
Q1 20266 May, 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