Karoon Energy (ASX:KAR) said that its fourth-quarter production on a net revenue interest basis was flat at 2.6 million barrels of oil equivalent (boe) compared with a year earlier, according to a Thursday filing with the Australian bourse.
The company's sales volume for the period came in at 3.1 million boe, compared with 2.6 million boe in the prior-year period. This raised its sales revenue to $222.2 million from $209 million a year earlier.
The company's initial 2025 production guidance is 9 million boe to 10.5 million boe on a net revenue interest basis. Meanwhile, total capital expenditure guidance is set at $99 million to $117 million, the filing said.
The firm also plans to conduct $75 million additional on-market share buybacks in 2025, subject to market conditions, capital requirements, and shareholder approvals.
The company's shares rose nearly 7% in recent Thursday trade.
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