EarningsQ2 2026 Earnings Report
DE:LBL Q2 2026 EPS Results
Actual EPS€0.03
Consensus EPS€0.06
Beat/MissMissed by -€0.03
One Year Ago EPS€0.08
DE:LBL Q2 2026 Revenue Results
Actual Revenue€217.82M
Expected Revenue€80.13M
Beat/MissBeat by +€137.68M
YoY Revenue Growth-28.27%
Earnings Announcement Details
QuarterQ2 2026
Date08/26/2026
TimeAfter Close
Conference CallWednesday, August 26, 2026
DE:LBL Upcoming Earnings
Karoon Energy Ltd's next earnings date is estimated for March 4, 2027, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:LBL Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call reflects an investment-heavy half focused on executing a major FPSO operatorship transition and revitalization program that temporarily reduced production and cash, but materially de-risked operations and reset the cost base. Strong realized commodity pricing, high FPSO uptime (97%), sanctioning of the high-return Who Dat East project (Karoon WI 40%), substantial liquidity (USD 363.6M) and continued shareholder returns (dividend and buybacks) support a positive outlook. Near‑term headwinds include the Who Dat E riser remediation, a temporary Brazilian export tax, residual transition costs and timing uncertainty on Neon and exploration farm‑downs; however, management expects USD 30–40M p.a. run‑rate cost savings from operatorship and stronger free cash flow in H2 2026 as benefits of the first-half investments are realized.Company Guidance
Strong Operational Recovery and FPSO Efficiency
Baúna FPSO efficiency reached 97% in H1 2026 (96% in Q1), exceeding the 90%–95% target range; restoration of production from SPS-92 and PRA-2 and resumption of water injection begun, supporting near‑term reservoir management and asset integrity.
Robust Realized Pricing
Average realized liquids price reached USD 80.65 per BOE for the period; Baúna average realized oil price increased 18% to USD 80.66/bbl and Who Dat average realized liquids price increased 20% to USD 80.60/bbl; realized gas prices rose to USD 6.35/mcf.
Material Growth Project Sanctioned — Who Dat East
Who Dat East development sanctioned in August; Karoon WI 40% with estimated share of capital USD 155–165 million, initial 1-well development expected to deliver post-tax IRR >20% (mid-case), first oil targeted H2 2028 and initial net production to Karoon ~6,000 BOE/d.
Disciplined Capital Allocation and Shareholder Returns
Board declared interim dividend AUD 0.012/share; since 2024 Karoon returned ~USD 173 million to shareholders (USD 75M dividends + USD 98M buybacks) and repurchased/canceled >13% of issued capital at an avg price of AUD 1.57; 2026 YTD buybacks exceed USD 30M (24M shares).
Balance Sheet Liquidity and Leverage
Liquidity of USD 363.6 million at 30 June 2026 (USD 80.3M cash + fully undrawn USD 283.3M RBL); gearing was 21% at period end, and the company expects stronger cash generation in H2 as major programs conclude.
Safety Record
Zero recordable personal injuries and zero lost time injuries across >1.1 million work hours in H1 2026; Total Recordable Injury Rate = 0.
DE:LBL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed