Karoon Energy Posts Lower Q1 Production, Reaffirms 2026 Output Guidance
MT Newswires Live
Apr 28
Karoon Energy (ASX:KAR) said first-quarter total production reached 1.9 million barrels of oil equivalent on a net revenue interest basis, according to a Tuesday Australian bourse filing.
The company's 2025 first-quarter production was 2.4 million barrels of oil equivalent on a net revenue interest basis.
Total revenue in the three months ended March 31 was $128.2 million, compared with $148.6 million a year earlier.
The company reaffirmed its 2026 total production guidance of 8.1 million to 9.2 million barrels of oil equivalent.
The company's shares were down nearly 2% in recent Tuesday trade.
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