ASX:KAROil and Gas
Karoon Energy (ASX:KAR) Is Down 6.5% After Profit Rises and Guidance Upgraded Despite Lower Sales
Karoon Energy announced its half-year results for 2025 with net income rising to US$71 million and production reaching 5.30 million barrels of oil equivalent, despite sales dropping to US$308.3 million year-over-year; the company also introduced an interim dividend of A$0.024 per share, payable at the end of September.
An interesting takeaway is that Karoon updated full-year production guidance upwards, signaling stronger operational confidence even as sales declined from the prior...