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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 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 957.24M | 776.50M | 847.00M | 842.19M | 531.00M | 228.98M |
| Gross Profit | 352.69M | 587.80M | 495.20M | 406.60M | 257.97M | 72.96M |
| EBITDA | 516.00M | 506.90M | 636.53M | 586.79M | 365.34M | 115.50M |
| Net Income | 191.05M | 127.50M | 251.29M | 242.33M | -88.87M | 5.88M |
Balance Sheet | ||||||
| Total Assets | 2.66B | 1.94B | 1.93B | 1.79B | 1.69B | 1.35B |
| Cash, Cash Equivalents and Short-Term Investments | 309.07M | 341.20M | 170.02M | 112.37M | 229.31M | 177.43M |
| Total Debt | 508.66M | 511.20M | 487.80M | 414.18M | 459.58M | 416.70M |
| Total Liabilities | 1.11B | 965.10M | 1.02B | 1.08B | 1.29B | 844.10M |
| Stockholders Equity | 1.55B | 976.40M | 911.94M | 711.49M | 401.66M | 506.49M |
Cash Flow | ||||||
| Free Cash Flow | -21.17M | 213.70M | -435.60M | -73.44M | 55.37M | -191.54M |
| Operating Cash Flow | 379.02M | 434.60M | 311.29M | 450.76M | 204.69M | 39.93M |
| Investing Cash Flow | -440.28M | -218.60M | -746.90M | -525.54M | -147.75M | -226.84M |
| Financing Cash Flow | -153.37M | -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
Karoon Energy Ltd has provided an updated notification of its on-market share buy-back program for its ordinary fully paid shares listed under ASX code KAR. The company reported that a cumulative total of 16,700,215 shares had been bought back prior to the previous trading day, with an additional 162,229 shares repurchased on the previous day as part of the ongoing program.
This daily buy-back update, dated 24 March 2026, reflects Karoon’s continued execution of a capital management strategy first notified in September 2025. The ongoing repurchases may support earnings per share and signal management’s confidence in the company’s valuation, with potential implications for shareholder value and the liquidity of Karoon’s stock.
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 has overhauled its executive team, appointing Eric Williams as Executive Vice President and Chief Financial Officer and Mark Mick as Executive Vice President and Chief Commercial and Technical Officer, both based in Houston to enhance coordination between corporate and operational functions. The moves coincide with the planned departures of long-serving executives and are intended to reinforce financial discipline, capital-raising capacity and technical and commercial strength as the company navigates a pivotal phase in its growth.
Williams brings more than 15 years’ experience in small and mid-cap listed oil and gas and renewables companies, with a track record in scaling market capitalisation, transitioning listings and securing over US$1 billion in financing. Mick adds nearly 30 years of global upstream experience across Apache, Murphy Oil and Marathon Oil, and will lead commercial, technical and operational initiatives to drive project delivery, safety, compliance and technology innovation while overseeing key transitions such as the Baúna FPSO operatorship.
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 has cancelled 970,135 ordinary fully paid shares following an on-market buy-back completed on 18 March 2026. The reduction in issued capital reflects the company’s ongoing use of buy-backs as a capital management tool, which can enhance earnings per share and signal confidence in its financial position to investors.
This cessation of securities, formally notified to the ASX on 20 March 2026, marginally increases existing shareholders’ proportional ownership. While the transaction is relatively small in scale, it underscores Karoon’s active approach to managing its balance sheet and returning capital, a common practice among listed energy producers seeking to improve capital efficiency.
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, an ASX-listed energy company trading under the ticker KAR, has ordinary fully paid shares as its main class of securities. The company operates within the energy sector and targets investors in the public equity markets through its listed share capital.
The company has provided an updated notification of its on-market share buy-back program, reporting a cumulative total of 15,667,662 shares repurchased before the previous day. An additional 614,853 shares were bought back on the previous day, signaling continued execution of the capital management initiative that may support earnings per share and shareholder value by reducing the number of shares on issue.
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 has continued its on-market share buy-back program, reporting that a total of 15,159,357 ordinary fully paid shares had been repurchased before the latest reporting day. The company bought back an additional 293,647 shares on the previous day, indicating an ongoing capital management strategy that may support earnings per share and signal confidence in the company’s valuation to investors.
The latest update, dated 18 March 2026, follows an initial buy-back notification lodged in late September 2025 and a prior update released on 17 March 2026. Regular daily buy-back notifications highlight the active execution of the program and provide transparency to shareholders regarding the pace and scale of the on-market repurchases.
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 cancelled 672,399 ordinary fully paid shares following an on-market buy-back, effective 11 March 2026. The reduction in issued capital reflects an active capital management approach that can enhance earnings per share and potentially support shareholder value by consolidating equity among remaining investors.
The notification to the ASX formalises the cessation of these securities and updates the market on changes to Karoon’s capital structure. Such buy-backs may signal management’s confidence in the company’s valuation and balance sheet, and can influence liquidity and ownership dynamics in the stock.
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 has disclosed that the Brazilian government has imposed a 12% tax on crude oil export sales volumes, effective immediately from 12 March 2026. Framed as a windfall profit-sharing measure amid strong oil prices, the tax is expected to be deductible for corporate income tax purposes, will initially apply for 120 days, and may only become permanent if ratified by Brazil’s Congress.
The temporary export levy introduces a new cost burden for Karoon’s Brazilian crude exports and adds fiscal uncertainty around future cash flows from its key producing assets. While the deductibility of the tax partly offsets its impact, investors and other stakeholders will be watching closely whether Congress allows the measure to lapse or converts it into a longer-term feature of Brazil’s oil taxation regime.
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 has provided an updated notification to the ASX on its on-market share buy-back program for its ordinary fully paid shares. The latest daily report shows that a total of 14,421,022 shares had been repurchased before the previous trading day, with an additional 379,293 shares bought back on the prior day, underscoring the company’s ongoing capital management efforts and potential support for its share price.
The announcement, dated 13 March 2026, amends prior disclosures first lodged in September 2025 and most recently updated on 12 March 2026. Continued execution and reporting of the buy-back program may signal management’s confidence in the company’s valuation, while incrementally reducing the free float and potentially enhancing earnings per share for remaining shareholders.
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 has provided an updated notification to the ASX on the progress of its on-market share buy-back program for its ordinary fully paid shares. The latest daily update, dated 12 March 2026, follows the initial buy-back notification lodged in September 2025 and confirms ongoing purchases of shares on market.
The company reported that it had repurchased a total of 14,153,912 shares prior to the previous trading day and bought back a further 267,110 shares on the previous day. The continued execution of the buy-back signals management’s commitment to capital management and may support earnings per share and share price performance for existing shareholders.
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 provided an update on its on-market share buy-back program for its ordinary fully paid shares, listed under ASX code KAR. The company reported that it had repurchased a cumulative total of 13,833,687 shares before the previous trading day and bought back an additional 320,225 shares on the previous day as part of this ongoing capital management initiative.
The latest notification, dated 11 March 2026, reflects a routine daily update to the buy-back first announced in September 2025. This continued execution of on-market repurchases signals ongoing commitment to returning capital to shareholders and may support earnings per share by reducing the number of shares on issue, potentially influencing the stock’s trading dynamics and investor perception of capital discipline.
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 provided an updated notification to the ASX regarding its ongoing on-market share buy-back program for its ordinary fully paid shares. The company reported that a total of 13,830,180 shares had been repurchased prior to the previous day, with an additional 3,507 shares bought back on the prior trading day, reflecting continued execution of its previously announced capital management initiative.
The latest update, dated March 10, 2026, follows an initial buy-back notification lodged in September 2025 and a prior update on March 9, 2026. The incremental daily disclosure underscores Karoon Energy’s active use of buy-backs as a tool to manage its capital structure and shareholder value, signalling ongoing commitment to returning capital and potentially supporting its share price in the market.
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 provided an updated notification to the ASX confirming ongoing activity under its on-market share buy-back program for its ordinary fully paid shares. The company reported that a cumulative total of 13,640,621 shares had been bought back prior to the previous trading day, with an additional 189,559 shares repurchased on that prior day as part of its continuing buy-back.
The latest update, dated 9 March 2026 and referencing an initial buy-back notification from September 2025, is described as a daily buy-back notification related to its KAR ordinary securities. This continued execution of the on-market buy-back signals Karoon’s active capital management and may affect its share count and ownership structure, with potential implications for remaining shareholders through changes in earnings per share and market liquidity.
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 provided an updated notification to the ASX regarding its ongoing on-market share buy-back program, covering ordinary fully paid shares under the code KAR. The company reported that a total of 13,449,333 shares had been repurchased prior to the latest trading day, with an additional 191,288 shares bought back on the previous day as part of the daily buy-back activity.
The update, dated 6 March 2026, follows the initial buy-back notification lodged on 25 September 2025 and the most recent prior update on 5 March 2026. The continuing on-market buy-back indicates an active capital management strategy, which may support the company’s share price and signal confidence in its valuation to existing and prospective shareholders.
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.
Citigroup Global Markets Australia Pty Limited and related Citi group entities have notified Karoon Energy that they have ceased to be a substantial holder in the company as of 2 March 2026. The change reflects a series of adjustments in relevant interests across multiple Citi entities, largely driven by movements under securities lending agreements.
Citibank N.A. Sydney Branch, Citigroup Global Markets Inc and Citigroup Global Markets Limited all reported decreased relevant interests in Karoon shares, while Citigroup Global Markets Australia showed a small increase tied to ordinary-course market transactions and lending arrangements. The disclosure signals a reshaping of Citi’s aggregated exposure to Karoon, which may alter the company’s institutional investor mix but does not, on its face, indicate any direct change to Karoon’s underlying operations.
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.
Citigroup Global Markets Australia and related Citi group entities have notified Karoon Energy that they have ceased to be a substantial shareholder in the company as of 26 February 2026. The change stems from adjustments in relevant interests tied to securities lending agreements and ordinary course trading activities across several Citi branches, including reductions in holdings by Citibank N.A. Sydney Branch, Citigroup Global Markets Australia, and Citigroup Global Markets Inc, partly offset by an increased position at Citigroup Global Markets Limited.
The notice indicates that Citi’s aggregate voting power in Karoon has fallen below the substantial holding threshold, potentially signaling a shift in the company’s institutional investor base. While the adjustments largely reflect the mechanics of securities lending and standard market transactions, the exit of a major global financial institution as a substantial holder may influence market perceptions of Karoon’s shareholder structure and could affect liquidity and trading dynamics in its stock.
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 provided an updated notification to the ASX regarding its on-market share buy-back program for ordinary fully paid shares. The company reported that it had repurchased a total of 13,157,781 shares prior to the previous day and bought back an additional 173,321 shares on the previous trading day, as part of an ongoing capital management initiative that may support earnings per share and signal confidence in its valuation.
The latest filing, dated 2 March 2026, is a daily buy-back update following an initial program notification made in September 2025 and a previous update in February 2026. Continued execution of the on-market buy-back suggests Karoon is actively returning capital to shareholders and managing its capital structure, which can influence liquidity in the stock and potentially enhance shareholder value over time.
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.
Citigroup Global Markets Australia and related Citi entities have notified Karoon Energy that they have ceased to be a substantial holder in the company as of 24 February 2026, following changes in their relevant interests in KAR ordinary shares. The shifts reflect adjustments in positions held under securities lending agreements across Citibank N.A. Sydney Branch, Citigroup Global Markets Australia, and Citigroup Global Markets Limited, reducing Citi’s aggregate voting power below the substantial holding threshold and signaling a recalibration of institutional exposure to Karoon’s stock.
These changes in relevant interests involve both decreases and increases in holdings tied to securities lending obligations, without any new or altered associate relationships being disclosed among the Citi entities. For Karoon Energy and its shareholders, the move indicates a notable change in the company’s institutional shareholder base, which may influence trading dynamics and liquidity but does not directly alter the company’s operations or strategy.
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 has lodged its updated corporate governance statement for the year ended 31 December 2025, confirming that the document is current as of 25 February 2026 and accessible on its website in accordance with ASX Listing Rules. The accompanying Appendix 4G details the company’s adherence to the ASX Corporate Governance Council’s principles, including board charters, director vetting, and executive agreements, signalling continued compliance and formal oversight structures for shareholders and regulators.
The filing underscores that Karoon maintains a board-approved governance framework, with the company secretary accountable directly to the board and clear delineation between board and management responsibilities. By formally mapping its practices against ASX governance recommendations, the company reinforces its commitment to disclosure, verification of compliance, and transparency, which are central to institutional investor confidence and ongoing market scrutiny.
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 released its 2025 Corporate Governance Statement to the market, as required under ASX Listing Rules. The document, approved by the board, outlines the company’s governance framework and practices for the year, signalling continued adherence to regulatory standards and transparency expectations for investors and stakeholders.
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 reported 2025 underlying net profit after tax of US$107.5 million, about half the prior year, as lower realised oil prices and one fewer Baúna cargo outweighed a modest 1% decline in production and a 3% reduction in unit production costs. Statutory profit was broadly flat at US$125.5 million, supported by lower operating costs following the April 2025 purchase of the Baúna FPSO, which removed lease payments and helped offset a 19% drop in sales revenue and a 42% fall in operating cash flow.
The group ended 2025 with net debt of US$143.9 million and liquidity of US$546.1 million, having funded all capital expenditure from internal cash and leaving its reserves-based lending facility undrawn. Total 2P reserves rose 7% and 2C contingent resources climbed 34% on the back of a seven-year Baúna field-life extension, the award of Piracucá licences and increases at Neon, while shareholder returns reached US$80.4 million through dividends and an ongoing on-market buyback, underpinned by the Board’s view that the shares remain undervalued and that 2026 guidance is unchanged.
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, an oil and gas exploration and production company, reported its financial results for the year ended 31 December 2025, highlighting performance in U.S. dollar terms. The group’s net tangible asset backing per ordinary share increased to $1.38 from $1.22 a year earlier, indicating an improvement in underlying asset value for shareholders.
Revenue from ordinary activities declined 19% year on year to US$628.6 million, and net profit after tax attributable to members eased slightly to US$125.5 million from US$127.5 million. Underlying net profit after tax fell more sharply, dropping 50% to US$107.5 million, suggesting operational or market headwinds despite the relatively stable headline profit.
No controlled entities were acquired or disposed of during the period, pointing to a stable corporate structure over the year. Directors nevertheless resolved to pay a final dividend of 3.1 Australian cents per share, fully franked at 30% tax, in addition to the 2.4 cent interim dividend already paid.
The final dividend is scheduled with an ex-dividend date of 5 March 2026, a record date of 6 March 2026, and payment on 31 March 2026. This payout, combined with higher net tangible asset backing, signals continued commitment to shareholder returns even as underlying earnings soften, and will be closely watched by investors for clues on future capital management.
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 disclosed that a group of KKR-affiliated entities, including Comet Asia Holdings I and II, KKR Asia III Fund Investments and KKR Asian Fund III, have ceased to be substantial shareholders as of 23 February 2026. The change in relevant interests, linked to transactions detailed in a related filing by Superannuation and Investments HoldCo Pty Ltd, marks the exit of a major institutional investor from Karoon’s register, potentially altering the company’s ownership structure and future capital markets dynamics.
The cessation of KKR’s substantial holding may signal a shift in the company’s shareholder base from private equity backing to a broader or differently composed investor mix. This development could influence market perceptions of Karoon’s strategic direction and governance, as well as liquidity and control considerations for remaining and prospective shareholders.
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.
Commonwealth Bank of Australia and certain related bodies corporate have ceased to be substantial holders in Karoon Energy Ltd as of 23 February 2026. The change reflects a reduction in their relevant voting interests below the substantial holding threshold, potentially altering Karoon’s shareholder base dynamics and the influence of major institutional investors.
Details of the change in relevant interests and any associated entities are recorded in accompanying annexures, indicating disposals or adjustments in holdings since the prior notice lodged in early February 2026. This shift may modestly impact governance considerations and market perception of institutional support, though no operational changes for Karoon are outlined in the notice.
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.
Superannuation and Investments HoldCo Pty Ltd and its related entities have lodged a notice stating they have ceased to be a substantial holder in Karoon Energy Ltd as of 23 February 2026. The change reflects a reduction in their voting power below the substantial holding threshold, potentially altering Karoon’s share register dynamics and the influence of this institutional investor on corporate decisions.
The notice follows a prior substantial holding disclosure earlier in February 2026, indicating that Superannuation and Investments HoldCo’s position has shifted significantly within a short period. While transaction details are contained in annexures, the filing underscores ongoing movements in institutional ownership, a factor closely watched by market participants assessing shareholder support and governance alignment at Karoon.
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 cancelled 1,093,809 ordinary fully paid shares following an on-market buy-back completed on 3 February 2026, as disclosed in its latest capital notification to the ASX. The reduction in issued capital reflects the company’s ongoing capital management strategy, which can enhance earnings per share and potentially signal confidence in its financial position, with implications for shareholder value and trading liquidity in its stock.
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 has provided an updated notification to the ASX on its ongoing on-market share buy-back program for its ordinary fully paid shares. As of 6 February 2026, the company reported that it had repurchased a total of 12,590,425 shares prior to the previous day and a further 286,280 shares on the previous trading day, underscoring continued execution of its capital management strategy and potential implications for share count reduction and capital returns to shareholders.
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 provided an updated notification on its on‑market share buy-back program for its ordinary fully paid shares listed under ASX code KAR.
The company reported that it had repurchased a total of 12,217,685 shares prior to the previous trading day and acquired a further 372,740 shares on the previous day, as part of an ongoing on‑market buy-back first notified in September 2025, with this update dated 5 February 2026, signalling continued execution of its capital management strategy.
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 provided an updated daily notification of its on-market share buy-back, confirming that a total of 11,949,443 ordinary fully paid shares had been repurchased before the previous trading day, with an additional 268,242 shares bought back on the prior day. The ongoing buy-back program, first notified in late September 2025 and now subject to regular daily disclosures, signals continued capital management activity that may support earnings per share and share price performance, while also indicating management’s confidence in the company’s valuation and returning capital to shareholders within the current market environment.
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, an Australian oil and gas producer listed on the ASX under code KAR, continues to manage its capital base through an on-market share buy-back of its ordinary fully paid shares. In its latest daily update, the company reported that it has repurchased a cumulative 11,652,021 shares under the program as of 3 February 2026, including 297,422 shares bought back on the previous trading day, signalling ongoing efforts to return capital to shareholders and potentially enhance earnings per share by reducing the number of shares on issue.
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 provided an updated notification to the ASX on its ongoing on-market share buy-back program for its ordinary fully paid shares. As of 30 January 2026, the company reported that it had repurchased a cumulative total of 10,967,025 shares prior to the previous day, and a further 268,258 shares on the previous trading day, signalling continued execution of its capital management strategy and potential implications for shareholder value through reduced share count.
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.
Commonwealth Bank of Australia and its related entities have notified Karoon Energy that they have ceased to be substantial shareholders in the company as of 28 January 2026, following changes in their relevant interests in Karoon’s voting securities. The exit of a major institutional holder may alter Karoon’s share register composition and could affect trading dynamics and investor perception, although no details on the underlying transactions or strategic rationale were disclosed in the notice.
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 provided an updated notification to the ASX regarding its on-market share buy-back program for its ordinary fully paid shares, KAR. As of 29 January 2026, the company reported that it had repurchased a cumulative total of 10,558,212 shares before the previous trading day and a further 408,813 shares on the previous day, reflecting ongoing execution of a capital management initiative that reduces the number of shares on issue and may enhance earnings per share and shareholder value over time.
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.
Commonwealth Bank of Australia and its related entities have notified Karoon Energy that they have ceased to be a substantial holder in the company as of 26 January 2026. The change, disclosed via a statutory Form 605 notice, signals that CBA’s voting interest has fallen below the substantial holding threshold, indicating a reduction in institutional ownership that may subtly shift the company’s share register dynamics and potentially alter the balance of influence among major shareholders.
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 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.
KKR-affiliated entities Comet Asia Holdings I and II, KKR Asia III Fund Investments, and KKR Asian Fund III have formally notified that they have ceased to be substantial shareholders in Karoon Energy Ltd as of 22 January 2026. The change, detailed in a substantial holder notice filed under Australia’s Corporations Act, indicates that KKR’s funds no longer hold a reportable voting stake in the company, marking a shift in Karoon’s institutional investor base and potentially altering the profile of its major shareholders going forward.
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.
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.