Sherritt Posts $26M Energas Dividends, Q4 Moa JV Nickel at 7,632 t

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Sherritt’s Power division received $7.7 million of Q4 Energas dividends, lifting 2025 total to $26 million—double 2024’s figure. Moa JV produced 7,632 t of nickel and 849 t of cobalt in Q4 2025, with net direct cash costs holding within the US$5.75–6.25 per pound guidance.

1. SentinelOne Faces Prolonged Share Price Decline on Growth and Guidance Concerns

SentinelOne’s stock fell 32.4% during 2025 and has declined a further 7.3% in 2026 to date, underperforming the S&P 500’s 1.4% gain and the Nasdaq’s 1.2% rise. Although the company delivered robust revenue growth—29.5% year-over-year to $225.5 million in Q4 2025, $242.2 million in Q2 2026 and $258.9 million in Q3 2026, each beating analyst sales estimates—investors reacted negatively to margin pressures and conservative forward guidance. Non-GAAP losses of $0.22 per share in Q4 2025 missed forecasts by $0.01, and CFO Barbara Larson’s retirement announcement late in 2025 heightened uncertainty over future financial discipline. The stock now trades at roughly 72.5 times forward earnings and 7.7 times expected sales, reflecting investor skepticism over decelerating growth and intensifying competition in the cybersecurity market.

2. Sherritt International Reports Strong Dividend Growth and Operational Challenges at Moa JV

Sherritt International’s 2025 results featured $26.0 million in annual dividends received from Cuba-based Energas, double the $13.0 million received in 2024. Fourth-quarter dividends of $7.7 million supported Power division Adjusted EBITDA, while electricity output of 210 GWh (33⅓% basis) and full-year generation of 799 GWh came slightly below the 800–850 GWh guidance range due to government frequency control requirements. At the Moa joint venture, finished nickel production reached 7,632 tonnes in Q4 and 25,240 tonnes for the year, near the revised 25,000–26,000 tonne range, with cobalt at 849 tonnes in Q4 and 2,729 tonnes for 2025 (guidance 2,700–2,800 tonnes). Operational setbacks—lower ore grades, grid outages and Hurricane Melissa disruptions—contributed to production at the low end of targets, though net direct cash costs remained within the original US$5.75–6.25 per pound of nickel sold guidance, aided by higher cobalt by-product credits.

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