ShaMaran Petroleum Q2 revenue up 56% on higher local oil sales

ShaMaran Petroleum

06/08/2025 22:44

Overview

ShaMaran Q2 2025 revenue rises 56% yr/yr due to higher local oil sales

Adjusted EBITDAX for Q2 2025 up 59% yr/yr, driven by increased production

Company repaid $29.4 mln of corporate bond

Over the last year co has reduced net debt by 50%

Outlook

ShaMaran focused on cash flow and debt repayment

Company working on Iraq-Türkiye pipeline reopening

Half of Sarsang's production capacity will remain offline until late October 2025

Result Drivers

HIGHER LOCAL SALES - Revenue increased 56% yr/yr due to higher local oil sales and increased working interest in Atrush Block

INCREASED PRODUCTION - Gross margin on oil sales rose 73% yr/yr, driven by increased production and local sales

DEBT REDUCTION - Net debt reduced by almost 50% over the last year, providing a solid base for potential future shareholder distributions

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
$35.38 mln
Q2 EBITDAX
$23.85 mln


Press Release: ID:nCNW8dgcBa

(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.)