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An announcement from Karoon Energy Ltd ( (AU:KAR) ) is now available.
Karoon Energy reported fourth-quarter 2025 production of 2.37 million barrels of oil equivalent on a net revenue interest basis, down from the prior quarter due to downtime at two Baúna wells and natural decline, but delivered full-year 2025 output of 10.3 million boe, near the top of guidance and close to the previous year’s record. Baúna’s FPSO efficiency climbed to a record 98.8% in the quarter and 95.1% for the year, contributing to strong operating performance, while Who Dat production rose 10% in the quarter and the E6 sidetrack came online in line with expectations. Quarterly sales volumes increased 5% to 2.65 million boe but revenue eased to US$156.1 million on weaker realised oil prices. The company highlighted a solid safety record with no recordable personal injuries or major process incidents, confirmed the appointment of Carri Lockhart as CEO and MD, and noted it has retired about 10% of its shares since 2024 under an ongoing buyback. Looking ahead, Karoon issued preliminary 2026 guidance of 8.1–9.2 million boe with unit production costs of US$12–15/boe and capex of US$110–135 million, flagging 2026 as a year of two halves as an intensive Baúna investment and FPSO maintenance program in the first half is expected to improve efficiency, restore 4,000–5,000 bopd of production and reduce operating costs from mid-2026 onward, while additional infill drilling at Who Dat and a pending change of operator to Harbour Energy at that field are seen as further drivers of long-term value.
The most recent analyst rating on (AU:KAR) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Karoon Energy Ltd stock, see the AU:KAR Stock Forecast page.
More about Karoon Energy Ltd
Karoon Energy Ltd is an Australian-listed oil and gas producer with a simple operating model built around two core, offshore, “world-class” producing assets: the Baúna field in Brazil and the Who Dat field in the US Gulf of Mexico. The company focuses on conventional offshore production, cost control, and disciplined capital allocation, using cash flows from its existing assets to fund organic growth opportunities such as Neon, Who Dat East and South, and Santos Basin exploration, while also returning capital to shareholders through buybacks.
Average Trading Volume: 3,812,570
Technical Sentiment Signal: Hold
Current Market Cap: A$1.18B
For detailed information about KAR stock, go to TipRanks’ Stock Analysis page.