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Karoon Energy Ltd (KRNGF)
:KRNGF
Earnings Data
Report Date
Aug 27, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.07Last Year’s EPS
0.08Same Quarter Last Year
Strong Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: -1.18%
|Next Earnings Date:Aug 27, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with significant production and revenue growth, a solid financial position, and strategic moves like the FPSO acquisition. However, there were notable challenges in meeting production targets, safety performance, and increased costs. While there are promising developments and strategic initiatives, the operational setbacks and safety issues are concerning.Company Guidance
In the 2024 fiscal year results call, Karoon Energy Limited reported several key metrics. The company achieved an annual production of 10.4 million barrels of oil equivalent (boe), with sales revenue reaching USD 776 million, marking a 13% to 14% increase from 2023. The underlying net profit after tax (NPAT) amounted to USD 214 million, reflecting a slight improvement over the previous year. The company maintained a strong financial position with net debt under USD 10 million and liquidity of USD 681 million. Karoon also formalized a capital returns policy, paying its first-ever dividend of AUD 0.04496 per share and announcing two USD 25 million share buybacks. Additionally, the company revealed plans to repurchase a further USD 75 million of shares throughout 2025. The EBITDAX margin remained stable at around 64% year-on-year, supported by a 73% margin from the Who Dat field. Despite challenges in safety performance and production targets, Karoon remained committed to enhancing shareholder value through strategic investments and operational improvements.Increased Production and Revenue
Production increased to 10.4 million boe, up from 9.1 million boe in 2023, and sales revenue reached $776 million, up from $680 million in 2023.
Strong Financial Position
Ended the year with net debt of less than $10 million and liquidity of $681 million.
First Dividend and Share Buybacks
Karoon paid its first-ever dividend and announced two $25 million on-market share buybacks, as well as an additional $75 million in share buybacks planned for 2025.
Successful Exploration at Who Dat
Exploration program at Who Dat delivered two out of three discoveries with significant contingent resources added.
FPSO Acquisition for Operational Control
Signed agreement to acquire Bauna FPSO for $115 million, expected to improve safety and operational reliability.
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KRNGF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KRNGF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $0.85 | $0.87 | +2.35% |
| Aug 27, 2024 | $1.06 | $1.18 | +11.32% |
| Feb 28, 2024 | $1.15 | $1.18 | +2.61% |
| Aug 22, 2023 | $1.34 | $1.36 | +1.49% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Karoon Energy Ltd (KRNGF) report earnings?
Karoon Energy Ltd (KRNGF) is schdueled to report earning on Aug 27, 2025, TBA Not Confirmed.
What is Karoon Energy Ltd (KRNGF) earnings time?
Karoon Energy Ltd (KRNGF) earnings time is at Aug 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KRNGF EPS forecast?
KRNGF EPS forecast for the fiscal quarter 2025 (Q2) is 0.07.
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