ShaMaran Petroleum Q3 revenue misses estimates, hurt by production shutdowns

ShaMaran Petroleum

05/11/2025 22:45

Overview

ShaMaran Q3 2025 revenue declines 2% yr/yr, missing analyst expectations

Company resumed full production after July drone strike, impacting Q3 results

ShaMaran announces interim agreements for Iraq-Türkiye pipeline exports

Outlook

ShaMaran expects increased accounts receivable due to longer payment terms for oil exports

ShaMaran plans to finalize long-term agreements with Erbil and Baghdad for payment assurance

Result Drivers

PIPELINE REOPENING - Resumption of Iraq-Türkiye pipeline exports allowed ShaMaran to receive international prices for oil, improving revenue recognition

DRONE ATTACK IMPACT - July drone attacks caused temporary production shutdowns at Sarsang and Atrush, affecting Q3 revenue

INTERIM AGREEMENTS - ShaMaran executed interim agreements with KRG and Iraq, enabling the restart of international exports via the pipeline

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$28.94 mln
$32 mln (1 Analyst)
Q3 EBITDAX
$16.39 mln


Press Release: ID:nCNWh0b56a

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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.)