Canada's ShaMaran Q4 revenue rises 57% on export restart

ShaMaran Petroleum

04/03/2026 22:45

Overview

Canada oil producer's Q4 revenue rose 57% yr/yr due to pipeline export restart

Company's Q4 EBITDAX increased 71% yr/yr driven by higher international crude pricing

Outlook

ShaMaran plans to drill-to-fill Atrush capacity, pending regional security

Company expects payment for full PSC entitlement after review completion

Result Drivers

PIPELINE RESTART - Restart of Iraq-Türkiye pipeline allowed sales at international prices, boosting revenue and EBITDAX

PAYMENT CERTAINTY - Improved payment certainty for oil sales enabled reinvestment in assets

PRODUCTION IMPACT - Planned shutdown at Atrush and lower Sarsang output due to drone strike affected production

Company press release: ID:nCNWLftSba

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$54.66 mln
$41.50 mln (2 Analysts)
Q4 Cash Flow from Operations
$4.67 mln
Q4 Adjusted EBITDAX
$39.89 mln


Analyst Coverage

The stock recently traded at 4 times the next 12-month earnings vs. a P/E of 5 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)