Karoon Energy Ltd (KRNGF) AI Stock Analysis
Karoon Energy Ltd
(Other OTC:KRNGF)
No summary available
Karoon Energy Ltd (KRNGF) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $822.68M
- Dividend Yield
- 2.43%
- Average Volume (3M)
- 8,249
- Price to Earnings (P/E)
- 7.2
- Beta (1Y)
- 0.39
- Revenue Growth
- -16.32%
- EPS Growth
- -37.02%
- Country
- US
- Employees
- 167
- Sector
- Energy
- Sector Strength
- 65
- Industry
- Oil & Gas Exploration & Production
Karoon Energy Ltd Business Overview & Revenue Model
Company Description
Engaged in the exploration and production of oil and natural gas, Karoon Energy Ltd maintains operations across Australia, Brazil, and Peru. Its key interests comprise a full 100% stake in five offshore blocks situated in Brazil's Santos Basin, off t...
Karoon Energy Ltd Earnings Call Summary
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.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Management maintained its capital-allocation and operational guidance while flagging materially stronger H2 cash generation as Baúna production is restored and FPSO operatorship savings flow through: they expect direct production cost reductions of USD30–40m p.a., H2 2026 capital spend to be materially lower than H1 (when ~USD184m of investing, financing and FX outflows occurred), and higher produced volumes to reduce leverage from the reported 21% gearing and current liquidity of USD363.6m (cash USD80.3m + undrawn RBL USD283.3m). The company reaffirmed its 20–40% underlying NPAT dividend policy (interim dividend AUD0.012/share) and ongoing buybacks (2026 YTD >USD30m, ~24m shares, including a >USD15m tranche post‑30 June). Project guidance includes Who Dat East (Karoon WI 40%) share of capex USD155–165m, first oil H2 2028, initial net production ~6,000 BOE/d and a mid‑case post‑tax IRR >20%; near-term activity also includes a Who Dat G1 sidetrack planned in Q4 2026 (first oil targeted H1 2027). Operational and financial metrics underpinning the guidance: H1 production 3.17MM BOE (sold 3.08MM BOE), revenue USD244.9m, underlying NPAT USD29.2m, Baúna FPSO efficiency ~97% (Q2), realized liquids ~USD80.65/BOE (Baúna USD80.66, Who Dat USD80.60), gas USD6.35/Mcf, operating cash flow USD58.4m, and sustainability/safety metrics of 0 recordable injuries, 5 high‑potential incidents and Scope 1&2 intensity 14.6 kg CO2e/BOE.
Karoon Energy Ltd Peers Comparison
Overall Rating
AU:HZN67Neutral
AU:ATS50Neutral
AU:CVN47Neutral
AU:TBN45Neutral
AU:BTL42Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| AU:HZN | 67Neutral | AUD 383.32M | 23.27 | 17.91% | 12.21% | -23.44% | -18.10% |
| Sector * | 65Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% |
| AU:ATS | 50Neutral | AUD 43.20M | -1.06 | -129.02% | ― | -59.94% | -297.26% |
| AU:CVN | 47Neutral | AUD 187.64M | -43.75 | -1.58% | ― | ― | -220.00% |
| AU:TBN | 45Neutral | AUD 1.55B | -92.34 | -1.57% | ― | ― | 51.03% |
| AU:BTL | 42Neutral | AUD 331.77M | -15.17 | -9.91% | ― | ― | 28.92% |
* Energy Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| KRNGF | Karoon Energy Ltd | 1.25 | 0.14 | 12.98% | |
| AU:ATS | Australis Oil & Gas Ltd. | 0.03 | 0.02 | 210.00% | |
| AU:CVN | Carnarvon Energy Limited | 0.10 | 0.01 | 10.53% | |
| AU:BTL | Empire Energy Group Limited | 0.22 | -0.06 | -21.99% | |
| AU:HZN | Horizon Oil Limited | 0.21 | 0.03 | 16.85% | |
| AU:TBN | Tamboran Resources Limited | 0.21 | 0.02 | 12.90% |
Disclaimer
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