KAROON ENERGY LIMITED (KAR)
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KAR

KAR - KAROON ENERGY LIMITED

FNArena Sector : Crude Oil
Year End: December
GICS Industry Group : Energy
Debt/EBITDA: 1.04
Index: ASX200 | ASX300 | ALL-ORDS

Karoon Energy is an Australian oil and gas explorer with operations in Australia, Peru and Bazil. It has been listed since 2004.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.58

30 Oct
2025

0.005

OPEN

$1.62

0.32%

HIGH

$1.62

3,935,721

LOW

$1.57

TARGET
$2.032 28.6% upside
OTHER COMPANIES IN THE SAME SECTOR
AEL . ALD . BHP . BPT . BRU . CRD . CVN . FAR . HE8 . HZN . MAY . VEA .
FNARENA'S MARKET CONSENSUS FORECASTS
KAR: 1
Title FY25
Forecast		 FY26
Forecast
EPS (cps) 20.1 xxx
DPS (cps) 4.7 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 8.0 xxx
Dividend Yield 2.9% xxx
Div Pay Ratio(%) 23.5% xxx
This company reports in USD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 4.34%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.92

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx24.4
DPS All xxxxxxxxxxxxxxx9.5
Sales/Revenue xxxxxxxxxxxxxxx1,177.2 M
Book Value Per Share xxxxxxxxxxxxxxx206.3
Net Operating Cash Flow xxxxxxxxxxxxxxx658.9 M
Net Profit Margin xxxxxxxxxxxxxxx16.42 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx13.26 %
Return on Invested Capital xxxxxxxxxxxxxxx8.98 %
Return on Assets xxxxxxxxxxxxxxx6.48 %
Return on Equity xxxxxxxxxxxxxxx13.26 %
Return on Total Capital xxxxxxxxxxxxxxx20.63 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx448.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx84 M
Long Term Debt xxxxxxxxxxxxxxx742 M
Total Debt xxxxxxxxxxxxxxx826 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx551 M
Price To Book Value xxxxxxxxxxxxxxx0.67

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx334.9 M
Capex % of Sales xxxxxxxxxxxxxxx28.45 %
Cost of Goods Sold xxxxxxxxxxxxxxx625 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx92 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.6

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

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Macquarie

24/10/2025

3

Neutral

$1.70

7.59%

Karoon Energy's Sep Q production was in line with expectations, Macquarie notes. The company expects to restore production at Buana by rectifying two issues in mid-2026 (subject to approvals and vessel availability).

Karoon has significantly expanded its deepwater acreage with the six blocks announced in June and now the Esmeralda block. Management believes it has a potentially significant new exploration play in this acreage, and its work is currently undergoing independent expert review.

Macquarie retains Neutral on valuation support but finds it difficult to be more positive given (i) transition to a new CEO, (ii) a below-consensus view of oil prices in 2026, and (iii) significant operational work in 2026. Target unchanged at $1.70.

FORECAST
Macquarie forecasts a full year FY25 dividend of 2.49 cents and EPS of 14.79 cents.
Macquarie forecasts a full year FY26 dividend of 1.56 cents and EPS of 7.47 cents.

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

29/10/2025

2

Overweight

$2.15

36.08%

Karoon Energy’s September quarter update was broadly in line with Jarden's expectations, with production of 2.0mmbbl from Brazil and 0.59mmboe from the Gulf of Mexico.

2025 guidance was narrowed to 7.4–7.7mmbbl for Brazil and 2.4–2.7mmboe for Who Dat, with capex reduced to -US$95–US$111m following the deferral of one sidetrack well.

Net debt fell sharply to US$149m (from US$238m) on limited capex, while repair work on the SPS-92 well remains on track for 2Q26.

Jarden highlights progress on the Who Dat East development and Neon farm-down, with a US$25m share buyback (around 3.8% of shares) to recommence shortly.

Overweight rated. Target $2.15.

FORECAST
Jarden forecasts a full year FY25 dividend of 5.14 cents and EPS of 19.77 cents.
Jarden forecasts a full year FY26 dividend of 5.92 cents and EPS of 23.66 cents.
Access Extra Coverage Research History >

KAR STOCK CHART

FNArena News on KAR

1
Australian Broker Call *Extra* Edition – Oct 29, 2025

Oct 29 2025 - Daily Market Reports
2
Weekly Ratings, Targets, Forecast Changes – 24-10-25

Oct 27 2025 - Weekly Reports
3
Rudi’s View: In Corporate Earnings We Must Trust

Oct 22 2025 - Rudi's View
4
Australian Broker Call *Extra* Edition – Sep 04, 2025

Sep 04 2025 - Daily Market Reports
5
Weekly Ratings, Targets, Forecast Changes – 29-08-25

Sep 01 2025 - Weekly Reports

Latest Crude Oil News

1
Oil Markets: Bracing For A Surplus

Sep 11 2025 - Commodities
2
Crude Oil: Nothing Good Happens Below US$65

Jun 05 2025 - International
3
Upping the East Coast Amplitude

Mar 28 2025 - Commodities
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Dec 17 2024 - Technicals
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May 14 2024 - Technicals
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Apr 15 2024 - Commodities
7
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Apr 02 2024 - Technicals
8
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Mar 27 2024 - Technicals
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Oct 25 2023 - Commodities
10
Karoon Energy Shares Ready To Run

Oct 17 2023 - Technicals