Karoon Energy (KAR) Stock Overview
Operates as an oil and gas exploration and production company in Brazil, the United States, and Australia. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 4/6 |
| Dividends | 1/6 |
KAR Community Fair Values
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Analyst Price Targets
Top Community Narratives
Karoon Energy Ltd Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$1.98 |
| 52 Week High | AU$2.26 |
| 52 Week Low | AU$1.40 |
| Beta | 0.0065 |
| 1 Month Change | -11.83% |
| 3 Month Change | 20.80% |
| 1 Year Change | 20.80% |
| 3 Year Change | -1.74% |
| 5 Year Change | 60.57% |
| Change since IPO | 1,061.76% |
Recent News & Updates
Narrative Update • May 11
Karoon Energy's Reserves Set to Soar Amid FPSO Efficiency Gains in 2026
Karoon Energy Ltd (ASX: KAR) Investment Memorandum (Updated 2026) 1. Executive Summary Karoon Energy is a mid-cap independent E&P company with core producing assets in Brazil (Baúna) and the U.S. Gulf of Mexico (Who Dat).
Narrative Update • May 01
KAR: Future Dividend And 2026 Production Guidance Will Support Bullish View
Analysts have kept their fair value estimate for Karoon Energy at A$2.85, with updated assumptions around higher forecast revenue growth, slightly lower profit margins and a marginally higher future P/E multiple shaping the latest price target view. What's in the News Karoon Energy plans to put proposed amendments to its Constitution to a shareholder vote at the 2026 Annual General Meeting on May 21, 2026 (company announcement).
Narrative Update • Apr 17
KAR: Higher Margins And New CFO Hire Will Support Measured Outlook
Analysts have lifted their A$ fair value estimate for Karoon Energy from A$1.95 to about A$2.24, citing updated assumptions for a smaller revenue decline, higher profit margins, and a lower forward P/E multiple. What's in the News Karoon Energy appointed Eric Williams as Chief Financial Officer, effective 23 March 2026, succeeding Ray Church after more than 4.5 years in the role (Key Developments).Recent updates
Narrative Update • May 11
Karoon Energy's Reserves Set to Soar Amid FPSO Efficiency Gains in 2026
Karoon Energy Ltd (ASX: KAR) Investment Memorandum (Updated 2026) 1. Executive Summary Karoon Energy is a mid-cap independent E&P company with core producing assets in Brazil (Baúna) and the U.S. Gulf of Mexico (Who Dat).Narrative Update • May 01
KAR: Future Dividend And 2026 Production Guidance Will Support Bullish View
Analysts have kept their fair value estimate for Karoon Energy at A$2.85, with updated assumptions around higher forecast revenue growth, slightly lower profit margins and a marginally higher future P/E multiple shaping the latest price target view. What's in the News Karoon Energy plans to put proposed amendments to its Constitution to a shareholder vote at the 2026 Annual General Meeting on May 21, 2026 (company announcement).Narrative Update • Apr 17
KAR: Higher Margins And New CFO Hire Will Support Measured Outlook
Analysts have lifted their A$ fair value estimate for Karoon Energy from A$1.95 to about A$2.24, citing updated assumptions for a smaller revenue decline, higher profit margins, and a lower forward P/E multiple. What's in the News Karoon Energy appointed Eric Williams as Chief Financial Officer, effective 23 March 2026, succeeding Ray Church after more than 4.5 years in the role (Key Developments).Narrative Update • Apr 02
KAR: Future Dividend And 2026 Production Guidance Will Underpin Bullish Outlook
The analyst price target for Karoon Energy has shifted from A$2.50 to A$2.85, reflecting updated assumptions around more moderate revenue growth, a slightly higher profit margin profile, and a revised forward P/E multiple, according to analysts. What's in the News Karoon Energy appointed Eric Williams as Chief Financial Officer, effective 23 March 2026, succeeding Ray Church after more than 4.5 years in the role (Key Developments).Narrative Update • Mar 13
KAR: Future Dividend And 2026 Production Guidance Will Underpin Bullish Outlook
Analysts have lifted their A$ fair value estimate for Karoon Energy to A$2.50 from A$2.49, citing updated assumptions that include higher forecast revenue growth, a stronger profit margin profile, and a lower future P/E multiple. What's in the News Karoon Energy announced a new distribution of A$0.031 per ordinary share for the six months ended December 31, 2025, with an ex date of March 5, 2026, a record date of March 6, 2026, and payment scheduled for March 31, 2026 (Key Developments).Narrative Update • Feb 27
KAR: Future Dividend And Production Guidance Will Underpin Bullish Outlook
Analysts have reduced their price target for Karoon Energy from A$2.70 to A$2.49, citing updated assumptions for revenue growth, profit margins and a higher future P/E multiple. What's in the News Karoon Energy announced a distribution of A$0.031 per ordinary share for the six months ended 31 December 2025, with an ex date of 5 March 2026, record date of 6 March 2026 and payment date of 31 March 2026 (Key Developments).Narrative Update • Feb 13
KAR: Higher Discount Rate And Margin Pressure Will Still Support Upside
Analysts have trimmed their price target on Karoon Energy to A$1.95 from A$2.00, citing updated assumptions that reflect a slightly higher discount rate, softer revenue growth, a lower profit margin outlook and a higher future P/E multiple. Valuation Changes Fair Value: Trimmed slightly to A$1.95 from A$2.00.
Narrative Update • Jan 30
KAR: Future Profit Margin Reset Will Drive A$1.50 Downside Risk
Analysts have trimmed their price target for Karoon Energy from A$1.80 to A$1.50, citing updates to their models that now reflect a higher future P/E multiple, lower assumed profit margins, slightly softer revenue contraction and a modestly reduced discount rate. Analyst Commentary Bearish analysts are using the lower A$1.50 price target to flag what they see as a more balanced risk and reward profile for Karoon Energy, even with higher future P/E assumptions built into their models.Narrative Update • Jan 15
KAR: Updated Leadership And Execution Will Support Upside Potential
Narrative update on Karoon Energy Analysts have trimmed their fair value estimate for Karoon Energy from A$2.20 to about A$2.00, reflecting slightly lower long term margin and growth assumptions, alongside a modestly reduced P/E multiple and discount rate in their updated models. Analyst Commentary Analysts covering Karoon Energy are framing their views around how the updated fair value, margin outlook and P/E assumptions affect the risk and reward for shareholders.Analysis Article • Dec 18
Karoon Energy Ltd's (ASX:KAR) Business And Shares Still Trailing The Market
With a price-to-earnings (or "P/E") ratio of 5.3x Karoon Energy Ltd ( ASX:KAR ) may be sending very bullish signals at...New Narrative • Aug 26
Karoon Energy will target efficiency and cost reduction with Brazilian FPSO acquisition
Karoon Energy Ltd – Fundamental Analysis Company Overview Karoon Energy Ltd is an ASX-listed international oil and gas exploration and production company with assets in: Brazil : Baúna Project (100% interest) USA : Who Dat, Dome Patrol, Abilene (various interests) Australia : Exploration assets Financial Performance 2024 Full-Year Highlights Revenue : US$776.5 million (+14% YoY) Underlying NPAT : US$214.0 million (+3% YoY) Statutory NPAT : US$127.5 million (↓39% YoY due to non-cash tax adjustments and exploration write-offs) Operating Cash Flow : US$434.6 million Free Cash Flow : US$176.6 million Net Debt : US$8.8 million (↓from US$103.7 million in 2023) Capital Returns : US$85.7 million (dividends + buybacks) Q2 2025 Performance Production (NRI) : 2.94 MMboe (↑25% QoQ) Sales Revenue : US$159.7 million (↑7% QoQ) Capex : US$102.9 million (includes Baúna FPSO acquisition) Net Debt : US$237.9 million (↑due to FPSO acquisition and buybacks) ⚙️ Operational Performance Baúna Project (Brazil) 2024 Production : 7.5 MMbbl FPSO Efficiency : 84.5% in 2024; targeted 88–92% in 2025 FPSO Acquisition : Completed April 2025; expected to reduce opex by US$4–6/bbl from 2026 SPS-92 ESP Issue : Temporary production drop; intervention planned for Q2 2026 Who Dat (USA) 2024 Production : 2.9 MMboe (NRI) 2025 Guidance : 2.3–2.8 MMboe Development : Sidetrack drilling and tieback studies underway; FID for East/South expected by early 2026 ️ Reserves & Resources 2P Reserves (2024) : 67.9 MMboe (↓from 77.5 MMboe due to production) 2C Contingent Resources : 121.4 MMboe (↑17% YoY) Includes Neon (Brazil) and Who Dat East/South (USA) Sustainability & ESG Carbon Neutral (Scope 1 & 2) : Achieved since FY21 Net Zero Target : By 2050 or sooner Social Projects : 21 planned for 2025; aligned with UN SDGs 2025 Guidance (as of August 2025) MetricGuidance Total Production9.7–10.5 MMboeUnit Production Cost (NWI)US$12.5–17.5/boeCapexUS$99–117 millionFinance CostsUS$50–60 millionPetrobras PaymentUS$88 million Investment Considerations ✅ Strengths Diversified production base (Brazil + USA) Strong cash generation and liquidity Strategic FPSO acquisition to improve efficiency Mature development pipeline (Neon, Who Dat East/South) Active capital return policy (dividends + buybacks) ⚠️ Risks Operational reliability issues (e.g., ESP failure at Baúna) High capex and net debt increase in 2025 Commodity price volatility Regulatory and environmental risks in Brazil and USA Conclusion Karoon Energy is fundamentally strong with solid financials, a diversified asset base, and a clear strategy for growth and shareholder returns. However, operational execution and commodity price stability will be key to sustaining performance.Analysis Article • May 15
It's Probably Less Likely That Karoon Energy Ltd's (ASX:KAR) CEO Will See A Huge Pay Rise This Year
Key Insights Karoon Energy's Annual General Meeting to take place on 22nd of May Salary of US$602.6k is part of CEO...Analysis Article • May 12
Karoon Energy Ltd (ASX:KAR) Shares Fly 27% But Investors Aren't Buying For Growth
Karoon Energy Ltd ( ASX:KAR ) shares have had a really impressive month, gaining 27% after a shaky period beforehand...
New Narrative • Mar 16
Bauna FPSO Acquisition And Neon Project Will Boost Future Profitability
Acquisition of Bauna FPSO and debottlenecking at Who Dat are expected to boost operational efficiency and revenue growth.Analysis Article • Feb 06
Weekly Picks: Bull and Bear cases for NVDA, plus KAR's low-cost advantage
Two of our picks this week are covering Nvidia, one argues the bullish case, and the other takes the bearish point of view. Our third pick covers Karoon energy and all the positive catalysts that the market seems to be missing.
New Narrative • Feb 03
Karoon Energy (ASX:KAR) - Buy Baby Buy 🚀
Forward Oil Price Projections: Established via a Monte Carlo simulation, incorporating geopolitical supply risks, OPEC+ output strategies, and long-term energy transition factors. The base case assumeAnalysis Article • Jul 04
Here's Why We Think Karoon Energy (ASX:KAR) Might Deserve Your Attention Today
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Analysis Article • Jun 04
Earnings Working Against Karoon Energy Ltd's (ASX:KAR) Share Price
Karoon Energy Ltd's ( ASX:KAR ) price-to-earnings (or "P/E") ratio of 3.7x might make it look like a strong buy right...Analysis Article • Mar 05
Is Now The Time To Put Karoon Energy (ASX:KAR) On Your Watchlist?
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Analysis Article • Jan 18
Investors Don't See Light At End Of Karoon Energy Ltd's (ASX:KAR) Tunnel
You may think that with a price-to-sales (or "P/S") ratio of 1.7x Karoon Energy Ltd ( ASX:KAR ) is definitely a stock...Analysis Article • Nov 17
We Think Some Shareholders May Hesitate To Increase Karoon Energy Ltd's (ASX:KAR) CEO Compensation
Key Insights Karoon Energy to hold its Annual General Meeting on 22nd of November Total pay for CEO Julian Fowles...Analysis Article • Nov 16
Investors Shouldn't Overlook Karoon Energy's (ASX:KAR) Impressive Returns On Capital
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...Shareholder Returns
| KAR | AU Oil and Gas | AU Market | |
|---|---|---|---|
| 7D | -4.1% | -1.4% | 2.0% |
| 1Y | 20.8% | 34.0% | 3.4% |
Return vs Industry: KAR underperformed the Australian Oil and Gas industry which returned 34% over the past year.
Return vs Market: KAR exceeded the Australian Market which returned 3.4% over the past year.
Price Volatility
| KAR volatility | |
|---|---|
| KAR Average Weekly Movement | 10.0% |
| Oil and Gas Industry Average Movement | 11.7% |
| Market Average Movement | 10.3% |
| 10% most volatile stocks in AU Market | 17.5% |
| 10% least volatile stocks in AU Market | 4.3% |
Stable Share Price: KAR has not had significant price volatility in the past 3 months compared to the Australian market.
Volatility Over Time: KAR's weekly volatility (10%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2003 | 167 | Carri Lockhart | www.karoonenergy.com.au |
Karoon Energy Ltd operates as an oil and gas exploration and production company in Brazil, the United States, and Australia. The company holds 100% interest in the Santos Basin located in the Sáo Paulo, Brazil. Karoon Energy Ltd was formerly known as Karoon Gas Australia Ltd and changed its name to Karoon Energy Ltd in December 2018.
Karoon Energy Ltd Fundamentals Summary
| KAR fundamental statistics | |
|---|---|
| Market cap | AU$1.41b |
| Earnings (TTM) | AU$174.90m |
| Revenue (TTM) | AU$876.02m |
8.0x
P/E Ratio1.6x
P/S RatioIs KAR overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| KAR income statement (TTM) | |
|---|---|
| Revenue | US$628.60m |
| Cost of Revenue | US$370.50m |
| Gross Profit | US$258.10m |
| Other Expenses | US$132.60m |
| Earnings | US$125.50m |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
Jul 23, 2026
| Earnings per share (EPS) | 0.18 |
| Gross Margin | 41.06% |
| Net Profit Margin | 19.97% |
| Debt/Equity Ratio | 32.7% |
How did KAR perform over the long term?
See historical performance and comparisonDividends
2.7%
Current Dividend Yield22%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/26 15:13 |
| End of Day Share Price | 2026/05/26 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Karoon Energy Ltd is covered by 17 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Dale Koenders | Barrenjoey Markets Pty Limited |
| James Redfern | BofA Global Research |
| Matt Chalmers | BofA Global Research |