Karoon Energy Ltd KAR

Stock XASX Rating as of Oct 2, 2026

A$1.56 +0.04 (2.64%)

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As of Oct 2, 2026, 6:10:27 AM Delayed Price Closed

Company Report

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Karoon Earnings: Maintenance and Shut-Ins Bite, but Improvement Expected

Mark Taylor Aug 28, 2026

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.

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Price vs Fair Value

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KAR is trading at a LOCK|&TqC^?C premium.

Price

A$1.56

Oct 2, 2026

Fair Value

LOCK|%gk

Apr 30, 2026

Uncertainty

LOCK|$$ >S^L

1-Star Price: LOCK|TF
5-Star Price: LOCK|S>
Economic Moat: LOCK|f%
Capital Allocation: LOCK|!#?^X^n

Bulls Say, Bears Say

Bulls

Karoon’s well-timed acquisition of the Baúna oilfield has furnished it with healthy net operating cash flows and growth potential.

Bears

Baúna was purchased past its prime, in decline, with reserve life of less than eight years and material capital expenditure ahead to maintain oil output.

Trading Information

Previous Close Price: A$1.52
Day Range: A$1.54–1.57
52-Week Range: A$1.26–2.26
Bid/Ask: A$1.54 / A$1.57
Shares Outstanding: 697.63M
Market Cap: A$1.08B
Volume/Avg: 3M / 6M

Key Statistics

Price/Earnings (Normalized): 7.77
Price/Sales: 1.37
Dividend Yield (Trailing): 2.77%
Dividend Yield (Forward): 2.77%
Dividend Payment Schedule: Mar, Sep
Total Yield: 7.01%

Company Profile

Karoon produces around 8 million barrels of oil equivalent annually from its wholly owned Baúna field in Brazil’s offshore Santos Basin and around 3.5 mmboe from 30%-owned Who Dat on the US Gulf Coast. The company acquired Baúna from Petrobras in 2020 and steadily increased production via well interventions and new developments. Field life is approaching six years based on proven and probable reserves of 46 million barrels at the end of December 2025, though this excludes a further 140 million barrels in 2C contingent resources that have the potential to increase life further. We credit a life of more than 10 years, assuming conversion of some 2C contingent resources into the reserve category with drilling. There are also prospective untested targets within Karoon’s permits.

Sector: Energy
Industry: Oil & Gas E&P
Stock Style Box: Small Value
Total Number of Employees: 12
Website: https://www.karoonenergy.com.au

Competitors

Valuation

Metric	KAR	WDS	BPT
Price/Earnings (Normalized)	7.77	15.84	5.54
Price/Book Value	0.74	1.14	0.59
Price/Sales	1.37	2.93	1.01
Price/Cash Flow	3.39	5.53	2.18

Price/Earnings

KAR

WDS

BPT

Financial Strength

Metric	KAR	WDS	BPT
Quick Ratio	1.03	1.27	0.65
Current Ratio	1.44	1.39	1.36
Interest Coverage	1.97	12.07	6.29

Quick Ratio

KAR

WDS

BPT

Profitability

Metric	KAR	WDS	BPT
Return on Assets (Normalized)	5.21%	4.12%	6.61%
Return on Equity (Normalized)	9.01%	7.68%	11.08%
Return on Invested Capital (Normalized)	12.03%	5.20%	8.87%

Return on Assets

KAR

WDS

BPT

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