Karoon Energy Ltd
KAR: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|<Nf | LOCK|@^? | LOCK|?Y@N<b |
Karoon Earnings: Maintenance and Shut-Ins Bite, but Improvement Expected
Latin and North American hydrocarbon producer Karoon Energy reported a 35% decline in first-half underlying net profit after tax to USD 29 million. The result was struck on a 44% fall in production to 3.2 million barrels of oil equivalent, partially offset by 22% higher prices.
