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Karoon Energy Ltd
(Sydney:KAR)
Karoon Energy Ltd (KAR) vs. iShares MSCI Australia ETF (EWA)
Karoon Energy Ltd Business Overview & Revenue Model
Karoon Energy Ltd Earnings Call Summary
Karoon Energy Ltd Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.06B | 776.50M | 847.00M | 842.19M | 531.00M | 228.98M |
| Gross Profit | 447.21M | 587.80M | 495.20M | 406.60M | 257.97M | 72.96M |
| EBITDA | 587.44M | 506.90M | 636.53M | 586.79M | 365.34M | 115.50M |
| Net Income | 214.03M | 127.50M | 251.29M | 242.33M | -88.87M | 5.88M |
Balance Sheet | ||||||
| Total Assets | 1.72B | 1.94B | 1.93B | 1.79B | 1.69B | 1.35B |
| Cash, Cash Equivalents and Short-Term Investments | 112.10M | 341.20M | 170.02M | 112.37M | 229.31M | 177.43M |
| Total Debt | 388.40M | 511.20M | 487.80M | 414.18M | 459.58M | 416.70M |
| Total Liabilities | 725.30M | 965.10M | 1.02B | 1.08B | 1.29B | 844.10M |
| Stockholders Equity | 996.10M | 976.40M | 911.94M | 711.49M | 401.66M | 506.49M |
Cash Flow | ||||||
| Free Cash Flow | -4.38M | 213.70M | -435.60M | -73.44M | 55.37M | -191.54M |
| Operating Cash Flow | 463.77M | 434.60M | 311.29M | 450.76M | 204.69M | 39.93M |
| Investing Cash Flow | -470.83M | -218.60M | -746.90M | -525.54M | -147.75M | -226.84M |
| Financing Cash Flow | -243.50M | -37.20M | 533.15M | -50.84M | -21.37M | -31.38M |
Karoon Energy Ltd Technical Analysis
Karoon Energy Ltd Peers Comparison
Karoon Energy Ltd Corporate Events
Commonwealth Bank of Australia and its related entities have lodged a notice that they have ceased to be substantial shareholders in Karoon Energy Ltd as of 22 January 2026. The change reflects a reduction in their relevant interest in Karoon’s voting securities below the substantial holding threshold, signaling a shift in the company’s institutional shareholder base that may alter its ownership dynamics and potentially influence future market perceptions of the stock.
The most recent analyst rating on (AU:KAR) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Karoon Energy Ltd stock, see the AU:KAR Stock Forecast page.
Superannuation and Investments HoldCo Pty Ltd and its related bodies corporate have notified Karoon Energy Ltd that they have ceased to be a substantial shareholder in the company as of 22 January 2026. The change reflects a reduction in their relevant interest and voting power below the substantial holding threshold, signalling a shift in Karoon’s institutional ownership base that may slightly alter the balance of influence among its major investors but does not directly affect day-to-day operations.
The most recent analyst rating on (AU:KAR) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Karoon Energy Ltd stock, see the AU:KAR Stock Forecast page.
Karoon Energy Ltd has cancelled 953,934 ordinary fully paid shares as part of an on-market buy-back conducted on 13 January 2026, as disclosed in its latest issued capital notification. The reduction in shares on issue reflects an active capital management strategy that may enhance earnings per share and could signal management’s confidence in the company’s financial position, with implications for shareholder value and the liquidity of KAR securities on the ASX.
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.
Karoon Energy Ltd has notified the market that a total of 250,367 performance rights across several series, expiring between 2027 and 2028, have lapsed as of 31 December 2025 because the vesting conditions were not met or became incapable of being satisfied. The cessation of these securities reduces the company’s potential future share issuance under its incentive plans, slightly limiting prospective dilution for existing shareholders and signalling that certain performance or service milestones tied to these rights were not achieved.
The most recent analyst rating on (AU:KAR) stock is a Hold with a A$1.65 price target. To see the full list of analyst forecasts on Karoon Energy Ltd stock, see the AU:KAR Stock Forecast page.
Karoon Energy Ltd has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program for its ordinary fully paid shares. As of the latest reporting date, the company has repurchased a cumulative total of 10,272,795 shares prior to the previous day and a further 285,417 shares on the previous day, indicating continued execution of its capital management strategy and potentially signaling confidence in its valuation to investors.
The most recent analyst rating on (AU:KAR) stock is a Hold with a A$1.65 price target. To see the full list of analyst forecasts on Karoon Energy Ltd stock, see the AU:KAR Stock Forecast page.
Karoon Energy has cancelled 4,204,412 ordinary fully paid shares following completion of an on-market share buy-back, as disclosed in an Appendix 3H notification to the ASX dated 9 January 2026. The reduction in issued capital is expected to marginally enhance ownership concentration for remaining shareholders and reflects the company’s ongoing use of capital management initiatives to return value and potentially improve key per-share financial metrics.
The most recent analyst rating on (AU:KAR) stock is a Hold with a A$1.65 price target. To see the full list of analyst forecasts on Karoon Energy Ltd stock, see the AU:KAR Stock Forecast page.
Karoon Energy has released its proposed 2026 corporate calendar, outlining key dates for quarterly operating updates, full-year and half-year financial results, as well as its annual general meeting and the deadline for director nominations. The schedule provides investors and other stakeholders with greater visibility over the company’s reporting and governance timetable for the year, although Karoon notes that all dates remain subject to change.
The most recent analyst rating on (AU:KAR) stock is a Hold with a A$1.65 price target. To see the full list of analyst forecasts on Karoon Energy Ltd stock, see the AU:KAR Stock Forecast page.
Karoon Energy Ltd has issued a daily update on its ongoing on-market share buy-back, confirming that a total of 10,126,450 ordinary fully paid shares had been repurchased prior to the latest reporting day, with an additional 146,345 shares bought back on the previous day. The continued execution of this buy-back, first notified in September 2025 and now updated as of 9 January 2026, signals management’s ongoing capital management initiative, which may support earnings per share accretion and reflects confidence in the company’s valuation, with implications for shareholders through a reduced free float and potential enhancement of shareholder value over time.
The most recent analyst rating on (AU:KAR) stock is a Hold with a A$1.65 price target. To see the full list of analyst forecasts on Karoon Energy Ltd stock, see the AU:KAR Stock Forecast page.
Karoon Energy Ltd has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program for its ordinary fully paid shares. As at 7 January 2026, the company reports a cumulative total of 9,604,278 shares repurchased prior to the previous trading day, with an additional 227,873 shares bought back on the previous day, indicating active execution of its capital management strategy and a continued focus on returning value to shareholders and optimising its capital structure.
The most recent analyst rating on (AU:KAR) stock is a Hold with a A$1.65 price target. To see the full list of analyst forecasts on Karoon Energy Ltd stock, see the AU:KAR Stock Forecast page.
Karoon Energy Ltd has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program for its ordinary fully paid shares. As of the latest daily report dated 6 January 2026, the company has bought back a cumulative total of 9,409,772 shares prior to the previous day and a further 194,506 shares on the previous trading day, indicating continued execution of its capital management strategy, which may support earnings per share and signal confidence in the company’s valuation to shareholders.
The most recent analyst rating on (AU:KAR) stock is a Hold with a A$1.65 price target. To see the full list of analyst forecasts on Karoon Energy Ltd stock, see the AU:KAR Stock Forecast page.
Citigroup Global Markets Australia Pty Limited and related Citigroup entities have notified Karoon Energy that they have ceased to be substantial shareholders as of 29 December 2025, after a series of changes in their relevant interests in the company’s ordinary fully paid shares. The shifts arose from adjustments in positions held under securities lending arrangements and standard market transactions, with Citibank N.A. Sydney Branch and Citigroup Global Markets Limited reducing their relevant interests while Citigroup Global Markets Australia increased its holding under lending agreements, resulting in Citigroup’s overall stake falling below the substantial holding threshold and signaling a reshaping of Karoon Energy’s institutional ownership profile.
The most recent analyst rating on (AU:KAR) stock is a Hold with a A$1.65 price target. To see the full list of analyst forecasts on Karoon Energy Ltd stock, see the AU:KAR Stock Forecast page.
Karoon Energy Ltd has reported an update to its on-market share buy-back program for its ordinary fully paid shares listed on the ASX under the code KAR. The company disclosed that, as of 24 December 2025, it had repurchased a cumulative total of 9,409,772 shares, including 335,440 shares bought back on the previous trading day, as part of a previously announced buy-back that commenced in September 2025. The continued daily buy-backs indicate an ongoing capital management strategy that may support earnings per share, signal confidence in the company’s valuation, and influence the stock’s trading dynamics for existing shareholders.
The most recent analyst rating on (AU:KAR) stock is a Buy with a A$2.10 price target. To see the full list of analyst forecasts on Karoon Energy Ltd stock, see the AU:KAR Stock Forecast page.
Karoon Energy Ltd has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program for its ordinary fully paid shares. As of 23 December 2025, the company reports that it has repurchased a total of 8,783,714 shares prior to the latest trading day, with an additional 290,618 shares bought back on the previous day. The continued execution of the buy-back indicates Karoon’s active capital management strategy, which may support earnings per share and signal management’s confidence in the company’s valuation to investors.
The most recent analyst rating on (AU:KAR) stock is a Buy with a A$2.10 price target. To see the full list of analyst forecasts on Karoon Energy Ltd stock, see the AU:KAR Stock Forecast page.
Karoon Energy has provided a daily update on its on-market share buy-back program, confirming that a total of 7,954,815 ordinary fully paid shares had been repurchased prior to the latest reporting date, with a further 828,899 shares bought back on the previous trading day. The ongoing buy-back reduces the company’s shares on issue and signals continued capital management activity, which can support earnings per share and may be viewed by investors as a sign of management’s confidence in the company’s valuation.
The most recent analyst rating on (AU:KAR) stock is a Buy with a A$2.10 price target. To see the full list of analyst forecasts on Karoon Energy Ltd stock, see the AU:KAR Stock Forecast page.
Karoon Energy Ltd has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program for its ordinary fully paid shares. As of 19 December 2025, the company reported that a total of 7,073,863 shares had been repurchased prior to the previous trading day, with an additional 880,952 shares bought back on the previous day, reflecting continued execution of its capital management initiative and a reduction in its shares on issue, which may support earnings per share and signal confidence in the company’s valuation.
The most recent analyst rating on (AU:KAR) stock is a Buy with a A$2.10 price target. To see the full list of analyst forecasts on Karoon Energy Ltd stock, see the AU:KAR Stock Forecast page.
Karoon Energy Ltd has completed the cessation of over 1.5 million of its fully paid ordinary securities through an on-market buyback completed on December 17, 2025. This move reflects the company’s active management of its capital structure, potentially leading to enhanced shareholder value and strategic financial positioning in the sector.
The most recent analyst rating on (AU:KAR) stock is a Buy with a A$2.10 price target. To see the full list of analyst forecasts on Karoon Energy Ltd stock, see the AU:KAR Stock Forecast page.
Karoon Energy Ltd has announced an update regarding its ongoing on-market buy-back program. As of December 17, 2025, the company has repurchased a total of 6,469,271 ordinary fully paid securities, with 634,552 bought back on the previous day alone. This buy-back initiative is part of Karoon Energy’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:KAR) stock is a Buy with a A$2.10 price target. To see the full list of analyst forecasts on Karoon Energy Ltd stock, see the AU:KAR Stock Forecast page.
Karoon Energy Ltd has announced that Citigroup Global Markets Australia Pty Limited and its related entities have ceased to be substantial holders in the company as of December 11, 2025. This change in substantial holding involves a decrease in relevant interest by Citibank, N.A. Sydney Branch and Citigroup Global Markets Limited, while Citigroup Global Markets Australia Pty Limited has increased its relevant interest in the shares. The adjustments in shareholding are part of standard securities lending agreements and stock market transactions, reflecting a shift in the company’s shareholder composition.
The most recent analyst rating on (AU:KAR) stock is a Hold with a A$1.70 price target. To see the full list of analyst forecasts on Karoon Energy Ltd stock, see the AU:KAR Stock Forecast page.
Karoon Energy Ltd has announced an update on its ongoing on-market buy-back program, which involves the repurchase of its ordinary fully paid securities. As of December 12, 2025, the company has bought back a total of 4,867,512 securities, with an additional 245,779 securities repurchased on the previous day. This buy-back initiative is part of Karoon Energy’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:KAR) stock is a Hold with a A$1.80 price target. To see the full list of analyst forecasts on Karoon Energy Ltd stock, see the AU:KAR Stock Forecast page.
Karoon Energy Ltd has announced an update on its ongoing on-market buy-back program, with a total of 4,547,796 securities bought back before the previous day and an additional 319,716 securities bought back on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:KAR) stock is a Hold with a A$1.80 price target. To see the full list of analyst forecasts on Karoon Energy Ltd stock, see the AU:KAR Stock Forecast page.
Karoon Energy Ltd has announced an update regarding its ongoing on-market buy-back program. As of December 10, 2025, the company has bought back a total of 4,547,796 ordinary fully paid securities, including 423,966 securities purchased on the previous day. This buy-back initiative is part of Karoon Energy’s strategy to optimize its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:KAR) stock is a Hold with a A$1.80 price target. To see the full list of analyst forecasts on Karoon Energy Ltd stock, see the AU:KAR Stock Forecast page.
Karoon Energy Ltd has announced an update on its ongoing share buy-back program, with a total of 3,873,709 securities bought back before the previous day and an additional 250,121 securities bought back on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value, reflecting a proactive approach to financial management.
The most recent analyst rating on (AU:KAR) stock is a Hold with a A$1.80 price target. To see the full list of analyst forecasts on Karoon Energy Ltd stock, see the AU:KAR Stock Forecast page.
Karoon Energy Ltd has announced the quotation of 12,209 ordinary fully paid securities on the Australian Securities Exchange, effective from December 3, 2025. This move is part of the company’s strategic actions to enhance its financial flexibility and support its ongoing projects, potentially impacting its market positioning and offering new opportunities for stakeholders.
The most recent analyst rating on (AU:KAR) stock is a Hold with a A$1.80 price target. To see the full list of analyst forecasts on Karoon Energy Ltd stock, see the AU:KAR Stock Forecast page.
Karoon Energy Ltd has announced an update regarding its ongoing on-market buy-back program. As of December 5, 2025, the company has repurchased a total of 3,246,808 securities, with an additional 331,927 securities bought back on the previous day. This buy-back initiative is part of Karoon Energy’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:KAR) stock is a Hold with a A$1.80 price target. To see the full list of analyst forecasts on Karoon Energy Ltd stock, see the AU:KAR Stock Forecast page.
Karoon Energy Ltd has announced an update regarding its ongoing on-market buy-back program. The company reported the buy-back of 484,611 ordinary fully paid securities on the previous day, adding to a total of 2,129,184 securities bought back before that day. This buy-back initiative is part of Karoon Energy’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:KAR) stock is a Hold with a A$1.80 price target. To see the full list of analyst forecasts on Karoon Energy Ltd stock, see the AU:KAR Stock Forecast page.
Karoon Energy Ltd has announced an update regarding its ongoing buy-back program, detailing the acquisition of 342,309 ordinary fully paid securities on the previous day, adding to a total of 1,786,875 securities bought back prior. This buy-back initiative is part of the company’s strategy to manage its capital structure efficiently, potentially enhancing shareholder value and reflecting confidence in its financial health.
The most recent analyst rating on (AU:KAR) stock is a Hold with a A$1.80 price target. To see the full list of analyst forecasts on Karoon Energy Ltd stock, see the AU:KAR Stock Forecast page.
Karoon Energy Ltd has announced that Comet Asia Holdings II Pte. Ltd., Comet Asia Holdings I Pte. Ltd., KKR Asia III Fund Investments Pte. Ltd., and KKR Asian Fund III L.P., collectively known as the KKR Entities, have ceased to be substantial holders in the company as of November 24, 2025. This change in substantial holding indicates a shift in the company’s shareholder composition, which could impact its market positioning and influence the strategic decisions of Karoon Energy Ltd moving forward.
The most recent analyst rating on (AU:KAR) stock is a Hold with a A$1.80 price target. To see the full list of analyst forecasts on Karoon Energy Ltd stock, see the AU:KAR Stock Forecast page.
Karoon Energy Ltd has announced an update regarding its ongoing on-market buy-back program. The company reported that it repurchased 514,913 ordinary fully paid securities on the previous day, adding to a total of 365,405 securities bought back before that day. This buy-back initiative is part of Karoon Energy’s strategy to optimize its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:KAR) stock is a Hold with a A$1.80 price target. To see the full list of analyst forecasts on Karoon Energy Ltd stock, see the AU:KAR Stock Forecast page.
Karoon Energy Ltd announced that Superannuation and Investments HoldCo Pty Ltd and its related bodies corporate have ceased to be substantial holders in the company as of November 24, 2025. This change in substantial holding may impact the company’s shareholder structure and could influence its market dynamics and stakeholder relations.
The most recent analyst rating on (AU:KAR) stock is a Hold with a A$1.80 price target. To see the full list of analyst forecasts on Karoon Energy Ltd stock, see the AU:KAR Stock Forecast page.
Karoon Energy Ltd has announced that the Commonwealth Bank of Australia (CBA) and its related bodies corporate have ceased to be substantial holders in the company as of November 24, 2025. This change in holding could impact Karoon Energy’s shareholder composition and potentially influence its market dynamics, although specific implications for stakeholders were not detailed in the release.
The most recent analyst rating on (AU:KAR) stock is a Hold with a A$1.80 price target. To see the full list of analyst forecasts on Karoon Energy Ltd stock, see the AU:KAR Stock Forecast page.
Karoon Energy Ltd has announced an update regarding its on-market buy-back program, revealing that 365,405 ordinary fully paid securities were bought back on the previous day. This buy-back initiative is part of the company’s strategy to optimize its capital structure and enhance shareholder value, reflecting a proactive approach to managing its financial resources and potentially impacting its market positioning positively.
The most recent analyst rating on (AU:KAR) stock is a Hold with a A$1.80 price target. To see the full list of analyst forecasts on Karoon Energy Ltd stock, see the AU:KAR Stock Forecast page.
Karoon Energy Ltd has announced the quotation of 6,310 ordinary fully paid securities on the Australian Securities Exchange, effective November 5, 2025. This move is part of the company’s ongoing efforts to manage its capital structure and enhance liquidity, potentially impacting its market positioning and providing opportunities for stakeholders to engage with the company’s growth trajectory.
The most recent analyst rating on (AU:KAR) stock is a Hold with a A$1.80 price target. To see the full list of analyst forecasts on Karoon Energy Ltd stock, see the AU:KAR Stock Forecast page.
Karoon Energy Ltd has announced that Citigroup Global Markets Australia Pty Limited and its related entities have ceased to be substantial holders in the company as of November 17, 2025. This change in substantial holding is due to a decrease in relevant interest in shares by Citibank, N.A. Sydney Branch, Citigroup Global Markets Australia Pty Limited, and Citigroup Global Markets Limited, primarily through securities lending agreements. The impact of this announcement may influence the company’s shareholder structure and market perception as Citigroup’s reduced stake could affect investor confidence and market dynamics.
The most recent analyst rating on (AU:KAR) stock is a Hold with a A$1.80 price target. To see the full list of analyst forecasts on Karoon Energy Ltd stock, see the AU:KAR Stock Forecast page.
Karoon Energy Ltd has announced the appointment of Carri Lockhart as a new director, effective from November 3, 2025. This announcement is significant as it reflects the company’s ongoing efforts to strengthen its leadership team, which could have implications for its strategic direction and stakeholder interests.
The most recent analyst rating on (AU:KAR) stock is a Hold with a A$1.86 price target. To see the full list of analyst forecasts on Karoon Energy Ltd stock, see the AU:KAR Stock Forecast page.
Karoon Energy Ltd has announced the quotation of 32,280 fully paid ordinary securities on the Australian Securities Exchange, effective from October 22, 2025. This move is part of the company’s strategic efforts to enhance its market presence and operational capacity, potentially impacting its industry positioning by increasing its capital base and providing more opportunities for stakeholder engagement.
The most recent analyst rating on (AU:KAR) stock is a Hold with a A$1.86 price target. To see the full list of analyst forecasts on Karoon Energy Ltd stock, see the AU:KAR Stock Forecast page.
Karoon Energy Ltd has appointed Ms. Carri Lockhart as its new Managing Director and Chief Executive Officer, effective from November 3, 2025. Ms. Lockhart, who has over 30 years of experience in the energy sector, will lead the company as it prepares to take over operatorship of the Baúna FPSO in Brazil and pursue growth opportunities in Brazil and the US. Her extensive experience in managing large-scale operations and strategic growth is expected to drive Karoon’s next phase of development, enhancing shareholder value and strengthening the company’s market position.
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.