Kosmos Energy Stock KOS
Kosmos Energy stock (KOS): Quarterly and annual results since 2023 from Quarterly Report and SEC filings: revenue, earnings, balance sheet, cash flow and management guidance, every figure with its source. As of 08/2026, quarterly reporting. Stock analysis by NadirAlpha. Kosmos Energy stock (KOS): listed on NYSE. NadirAlpha has evaluated 49 original documents, cross-checked every figure automatically and linked each to its source; sources as of 08/2026. Revenue Q2 2026: USD 607 million (+55% year on year). Latest reported (Q2 2026): Net Production, Net debt, Average total sales price per Boe. Latest reading: Net income turned positive, Revenue accelerating, Operational disruption, Divestiture.
Net income turned positive Revenue accelerating strategy: Operational disruption strategy: Divestiture
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Kosmos Energy Current Status
Summary of the most recent reporting period of Kosmos Energy (Q2 2026): core figures, drivers and management statements, every figure with a source number. NadirAlpha methodology
Assessment by NadirAlpha, as of Q2 2026.
Kosmos Energy reported oil and gas revenue of 607.3 million in Q2 2026, up 54% from 392.6 million in Q2 2025, driven by higher production volumes at Jubilee and the Greater Tortue Ahmeyim field and higher realized prices 27. Net income was 184.8 million, or 0.31 per diluted share, compared to a net loss in the prior-year period, with adjusted EPS of 0.11 128. Net production averaged approximately 71,400 boepd in the quarter, up 12% versus Q2 2025, with nine gross LNG cargos lifted at GTA and four new Jubilee producer wells brought online through end of July 2026 27 28. Kosmos completed the divestiture of its 40.375% working interest in the Ceiba Field and Okume Complex in Equatorial Guinea on June 16, 2026 for approximately $127 million in cash proceeds, which were applied toward debt reduction 27.
Management commentary on the 2026-Q2 results (8-K-EX99.1, 2026-08-03):
“At the start of the year, we set four goals for 2026: increase production from our core assets; lower costs; reduce debt; and advance our high-quality growth portfolio with minimal capital. In the first half of 2026, we have made excellent progress in each area.”
“On the finance side of the business, we had an active first half of the year with the GTA bond and equity raise. This financial delivery, combined with our operational momentum, has resulted in improved credit ratings, which is important as we proactively manage our maturity schedule. In the second half of the year, we have commenced the RBL re-financing process and are making good progress towards achieving our ~20% debt reduction target for the year.”
Revenue · 2026-Q2607$ million+54.7 % vs. 2025-Q2
Net profit · 2026-Q2185$ million+310.7 % vs. 2025-Q2
EPS · 2026-Q20.31$+272.2 % vs. 2025-Q2
Revenue trend
Guidance
For FY2026, Kosmos Energy guides OpEx (GAAP) 19 to 21 $ million (cut); Interest/Other 220 to 240 $ million (cut); Tax rate 7 to 9 $ million (raised). 28 For 2026-Q3, Kosmos Energy guides OpEx (GAAP) 18 to 20 $ million (confirmed); Interest/Other 55 to 60 $ million (confirmed); Tax rate 7 to 10 $ million (confirmed). 28
ProfitabilityKosmos posted net income of 184.8 million in Q2 2026, reversing a net loss of 87.7 million in Q2 2025, with the improvement attributed primarily to higher revenue and lower production costs 27. Operating cash flow was 175 million for the quarter, with free cash flow of approximately $89 million 28. Oil and gas production costs decreased 26.2% year on year in Q2 2026, reflecting lower routine operating costs across all business units 27.
LeverageTotal debt declined to $2.72 billion as of June 30, 2026 from $3.10 billion at December 31, 2025, driven by asset sale proceeds and debt repayments 27. Kosmos held 102.1 million in cash at quarter-end with net debt of 2,570 million, reduced by over $400 million in the first half of 2026, and exited the quarter with over $500 million of total liquidity 28. Kosmos Energy has announced a target of approximately 20% debt reduction for full year 2026 and commenced a refinancing process for its reserve-based lending facility targeting completion in Q4 2026 28.
Management viewKosmos and its partners achieved a final investment decision on the operated Tiberius project in the Gulf of America in March 2026, with first oil targeted in the second half of 2028, and post-quarter completed a farm-down with Navitas, which became a 33.33% partner alongside Kosmos (33.34%) and Occidental (33.33%) 27. Kosmos Energy and its partners are working to secure a rig for a 2027/28 Jubilee drilling campaign covering up to ten development wells, expected to commence mid-2027 28. Senegal is constructing an onshore power plant near Saint Louis with gas pipeline network construction expected to commence in Q3 2026 to transport GTA gas for domestic power generation, while Mauritania has signed a 25-year agreement with a Saudi Arabian power company to develop a 230 MW gas-fired power plant using GTA gas supply 28.
ChangeThe Winterfell-5 well in the Gulf of America was temporarily abandoned post-quarter in July 2026 due to production casing challenges during drilling operations, with the partnership evaluating the root cause to restore production 27. Winterfell-2 production also remains shut-in pending future well intervention, limiting near-term output from the Gulf of America region 27. Following the completion of the Equatorial Guinea asset sale, the borrowing base under the reserve-based lending facility was reduced from $1.25 billion to approximately $1.2 billion, reflecting the removal of those reserves from the borrowing base calculation 27.
Risks (current)The facility has been amended multiple times to relax debt cover ratio covenants, and elevated leverage in 2025 required prior covenant amendments; further borrowing base reductions remain possible depending on commodity prices and production performance 27. Kosmos carries a commitment for its proportionate share of the TEN FPSO purchase price of $205.0 million from MODEC in 2027, a decommissioning trust obligation of approximately $111.0 million net funded over 14 years, and performance and supplemental bonds totaling $150.5 million for plugging and abandonment obligations 27. Kosmos Energy is committed to deliver a minimum annual LNG contract quantity of 127.95 MMBtu annually subject to downward adjustments, and is required to drill a minimum of ten development wells under the amended Jubilee plan of development 27.
New this reporting periodKosmos completed the sale of its 40.375% working interest in the Ceiba Field and Okume Complex in Equatorial Guinea to Panoro Energy ASA on June 16, 2026 for approximately $127 million in cash plus up to $39.5 million in future contingent consideration, marking the company's exit from the country 27. The Jubilee J76 well came online on June 15, 2026, with J77 following shortly after quarter-end and J50 expected imminently, a combination anticipated to increase gross Jubilee production above 90,000 bopd 28. Post-quarter, Kosmos completed the Tiberius farm-down with Navitas in July 2026 and entered a strategic alliance with Shell in the Gulf of America Norphlet trend covering ten aligned blocks, including the Trailblazer prospect with approximately 200 mmboe gross potential 28.
Kosmos Energy Stock: Key Figures ($ million)
NadirAlpha shows fiscal years, half-years and quarters of Kosmos Energy one below the other, most recently Q2 2026; every figure is clickable and leads to raw value, location and source. NadirAlpha extracts all values automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original. NadirAlpha methodology
All figures serve only to support your own investment decision and are not a recommendation; the company's original reports are authoritative.
Revenue ($ million) · annual basis, as reported
Net income ($ million) · annual basis, as reported
EPS ($) · annual basis, as reported
Operating cash flow ($ million) · annual basis, as reported
Revenue ($ million) · quarterly basis, as reported
Net income ($ million) · quarterly basis, as reported
EPS ($) · quarterly basis, as reported
Operating cash flow ($ million) · quarterly basis, as reported
Cash ($ million) · annual basis, as reported
Debt ($ million) · annual basis, as reported
Net Debt ($ million) · annual basis, as reported
D&A ($ million) · annual basis, as reported
Cash ($ million) · quarterly basis, as reported
Debt ($ million) · quarterly basis, as reported
Net Debt ($ million) · quarterly basis, as reported
D&A ($ million) · quarterly basis, as reported
Shown: the most recent fiscal years. Full history since FY2016 is on record.
Fiscal years
Amounts in $ million · EPS in $ per share · as reported
| Period | Revenue | Net income | EPS ($) | EPS adj. ($) | OCF | Source |
|---|---|---|---|---|---|---|
| FY2025 | 1,288.4 | -699.8 | -1.47 | – | 134 | 127 |
| FY2024 | 1,675.4 | 189.9 | 0.40 | – | 678.2 | 124 |
| FY2023 | 1,701.6 | 213.5 | 0.44 | 0.79 | 765.2 | 117 |
Quarters
Amounts in $ million · EPS in $ per share · as reported
| Period | Published | Revenue | Net income | EPS ($) | EPS adj. ($) | Cash | Net Debt | Source |
|---|---|---|---|---|---|---|---|---|
| 2026-Q2* | 2026-08-03 | 607.3 | 184.8 | 0.31 | 0.11 | 102.1 | 2,570 | 128 |
| 2026-Q1* | 2026-05-05 | 370.7 | -225.6 | -0.45 | -0.07 | 130 | 2,766.3 | 25 |
| 2025-Q4* | 2026-03-02 | 294.6 | -377.1 | -0.79*≈ | – | 91.5 | 2,961.2 | 127 |
| 2025-Q3* | 2025-11-03 | 311 | -124.3 | -0.26 | -0.15 | 64 | 2,914.5 | 122 |
| 2025-Q2* | 2025-08-04 | 392.6 | -87.7 | -0.18 | -0.19 | 51.7 | 2,798.9 | 121 |
| 2025-Q1* | 2025-05-06 | 290.1 | -110.6 | -0.23 | -0.22 | 49.8 | 2,797.8~ | 18 |
| 2024-Q4* | 2025-02-24 | 397.6 | -6.6 | -0.01*≈ | – | 85 | 2,659.7 | 124 |
| 2024-Q3* | 2024-11-04 | 407.8 | 45 | 0.09 | 0.08 | 51.6 | 2,640.3~ | 116 |
| 2024-Q2* | 2024-08-05 | 450.9 | 59.8 | 0.12 | 0.17 | 173.8 | 2,421.5~ | 114 |
| 2024-Q1* | 2024-05-07 | 419.1 | 91.7 | 0.19 | 0.21 | 254.3 | 2,400.7~ | 11 |
| 2023-Q4* | 2024-02-26 | 507.8 | 21.7 | 0.04*≈ | 0.31 | 95.3 | 2,295.6 | 110 |
| 2023-Q3* | 2023-11-06 | 526.3 | 85.2 | 0.18 | 0.26 | 138.7 | 2,250.5 | 108 |
| 2023-Q2* | 2023-08-07 | 273.3 | 23.3 | 0.05 | 0.06 | 85.7 | 2,288 | 106 |
| 2023-Q1* | 2023-05-09 | 394.2 | 83.3 | 0.17 | 0.16 | 128.4 | 2,092.6 | 3 |
* derived: values with formula provenance (hover); Q4 = FY − 9M · H2 = FY − H1 · EPS via implied shares · net debt = financial debt − cash · FCF = OCF − |capex|.
Columns not reported in this reporting cadence are hidden: Op. income, Op. income (adj.), EBITDA (adj.), FCF (not reported in any source for these periods).
Kosmos Energy Balance Sheet & Cash Flow ($ million)
NadirAlpha places cash, debt, operating cash flow and investments of Kosmos Energy side by side per period, balance sheet values as of the period end, flow items for the period. NadirAlpha extracts all values automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original. NadirAlpha methodology
Fiscal years
Amounts in $ million · as reported
| Period | Published | Cash | Debt | Net Debt | D&A | OCF | Source |
|---|---|---|---|---|---|---|---|
| FY2025 | 2026-03-02 | 91.5 | 3,052.8 | 2,961.2 | 564.7 | 134 | 127 |
| FY2024 | 2025-02-24 | 85 | 2,744.7 | 2,659.7 | 465.5 | 678.2 | 124 |
| FY2023 | 2024-02-26 | 95.3 | 2,390.9 | 2,295.6 | 454.8 | 765.2 | 117 |
Quarters
Amounts in $ million · as reported
| Period | Published | Cash | Debt | Net Debt | D&A | OCF | Source |
|---|---|---|---|---|---|---|---|
| 2026-Q2 | 2026-08-03 | 102.1 | 2,672.2 | 2,570 | 123.2 | 175 | 128 |
| 2026-Q1 | 2026-05-05 | 130 | 2,896.3 | 2,766.3 | 122.5 | 106.6 | 25 |
| 2025-Q4 | 2026-03-02 | 91.5 | 3,052.8 | 2,961.2 | 145.5 | 35.3 | 127 |
| 2025-Q3 | 2025-11-03 | 64 | 2,978.5 | 2,914.5 | 143.4 | -27.6 | 122 |
| 2025-Q2 | 2025-08-04 | 51.7 | 2,850.6 | 2,798.9 | 153.2 | 127.2 | 121 |
| 2025-Q1 | 2025-05-06 | 49.8 | 2,847.6~ | 2,797.8~ | 122.6 | -0.9 | 18 |
| 2024-Q4 | 2025-02-24 | 85 | 2,744.7 | 2,659.7 | 146.9 | 175.7 | 124 |
| 2024-Q3 | 2024-11-04 | 51.6 | 2,691.9~ | 2,640.3~ | 122.9 | 6.3 | 116 |
| 2024-Q2 | 2024-08-05 | 173.8 | 2,595.3~ | 2,421.5~ | 92.3 | 223.7 | 114 |
| 2024-Q1 | 2024-05-07 | 254.3 | 2,655.1~ | 2,400.7~ | 103.3 | 272.6 | 11 |
| 2023-Q4 | 2024-02-26 | 95.3 | 2,390.9 | 2,295.6 | 115.7 | 293.8 | 110 |
| 2023-Q3 | 2023-11-06 | 138.7 | 2,389.2 | 2,250.5 | 134.8 | 249.4 | 108 |
| 2023-Q2 | 2023-08-07 | 85.7 | 2,373.7 | 2,288 | 92.4 | 18.1 | 106 |
| 2023-Q1 | 2023-05-09 | 128.4 | 2,221.1 | 2,092.6 | 111.9 | 203.9 | 3 |
Debt = long-term + current · Net debt = debt − cash · FCF = OCF − capex.
Kosmos Energy Guidance Tracking (latest per metric/period · 26/67)
All forecasts (guidance) of the Kosmos Energy management and their later outcome: per metric and period the most recent statement applies, the status is checked against the reported actuals. NadirAlpha methodology
Direction: confirmedcutinitiatedraised Verdict: pending
| For period | Guided on | Metric | Guided | Verdict | Direction | Source |
|---|---|---|---|---|---|---|
| FY2026 | 2026-08-03 | OpEx (GAAP) | 19–21 | 28 | ||
| FY2026 | 2026-08-03 | Interest/Other | 220–240 | 28 | ||
| FY2026 | 2026-08-03 | Tax rate | 7–9 | 28 | ||
| FY2026 | 2026-08-03 | Production | 69,000–74,000 | 28 | ||
| FY2026 | 2026-08-03 | DD&A | 16–18 | 28 | ||
| FY2026 | 2026-08-03 | Exploration Expense | ~20 | 28 | ||
| FY2026 | 2026-05-05 | Capex | ~350 | 28 | ||
| FY2026 | 2026-05-05 | G&A | ~75 | 28 | ||
| 2026-Q3 | 2026-08-03 | OpEx (GAAP) | 18–20 | 28 | ||
| 2026-Q3 | 2026-08-03 | Interest/Other | 55–60 | 28 | ||
| 2026-Q3 | 2026-08-03 | Tax rate | 7–10 | 28 | ||
| 2026-Q3 | 2026-08-03 | Capex | 75–100 | 28 | ||
| 2026-Q3 | 2026-08-03 | Production | 68,000–72,000 | 28 | ||
| 2026-Q3 | 2026-08-03 | DD&A | 15.5–17.5 | 28 | ||
| 2026-Q3 | 2026-08-03 | G&A | 15–20 | 28 | ||
| 2026-Q3 | 2026-08-03 | Exploration Expense | ~5 | 28 | ||
| FY2025 | 2025-11-03 | Production | ~65,000 | – | 22 | |
| FY2025 | 2025-08-04 | Capex | 350 | – | 22 | |
| FY2025 | 2025-05-06 | OpEx (GAAP) | 18–20 | – | 19 | |
| FY2025 | 2025-05-06 | DD&A | 22–24 | – | 19 | |
| 2025-Q3 | 2025-08-04 | OpEx (GAAP) | 18.5–20.5 | – | 21 | |
| 2025-Q3 | 2025-08-04 | Production | 65,000–71,000 | – | 21 | |
| 2025-Q2 | 2025-05-06 | OpEx (GAAP) | 25–27 | – | 19 | |
| 2025-Q2 | 2025-05-06 | Capex | 120–140 | – | 19 | |
| 2025-Q2 | 2025-05-06 | Production | 66,000–72,000 | – | 19 | |
| 2025-Q2 | 2025-05-06 | DD&A | 20–22 | – | 19 | |
| FY2024 | 2024-11-04 | Production | ~67,000 | – | 16 | |
| FY2024 | 2024-08-05 | Capex | 750 | – | 13 | |
| FY2024 | 2024-05-07 | Interest/Other | ~140 | – | 12 | |
| FY2024 | 2024-02-26 | OpEx (GAAP) | 15–17 | – | 12 | |
| FY2024 | 2024-02-26 | Tax rate | 10–12 | – | 12 | |
| FY2024 | 2024-02-26 | DD&A | 18–20 | – | 12 | |
| FY2024 | 2024-02-26 | G&A | 100–120 | – | 12 | |
| FY2024 | 2024-02-26 | Exploration Expense | 40–60 | – | 12 | |
| 2024-Q4 | 2024-11-04 | Capex | ~100 | – | 16 | |
| 2024-Q2 | 2024-05-07 | OpEx (GAAP) | 23–25 | – | 12 | |
| 2024-Q2 | 2024-05-07 | Interest/Other | 35–40 | – | 12 | |
| 2024-Q2 | 2024-05-07 | Tax rate | 10–12 | – | 12 | |
| 2024-Q2 | 2024-05-07 | Capex | 225–275 | – | 12 | |
| 2024-Q2 | 2024-05-07 | Production | 62,000–66,000 | – | 12 | |
| 2024-Q2 | 2024-05-07 | DD&A | 14.5–16.5 | – | 12 | |
| 2024-Q2 | 2024-05-07 | G&A | 25–30 | – | 12 | |
| 2024-Q2 | 2024-05-07 | Exploration Expense | 10–15 | – | 12 | |
| FY2023 | 2023-11-06 | OpEx (GAAP) | ~16 | – | 8 | |
| FY2023 | 2023-11-06 | Tax rate | 10–11 | – | 8 | |
| FY2023 | 2023-11-06 | Capex | ~800 | – | 8 | |
| FY2023 | 2023-11-06 | Production | ~63,000 | – | 8 | |
| FY2023 | 2023-11-06 | DD&A | ~20 | – | 8 | |
| FY2023 | 2023-11-06 | G&A | ~110 | – | 8 | |
| FY2023 | 2023-05-09 | Interest/Other | ~25 | – | 4 | |
| FY2023 | 2023-05-09 | Exploration Expense | ~40 | – | 8 | |
| 2023-Q4 | 2023-11-06 | OpEx (GAAP) | 12–14 | – | 8 | |
| 2023-Q4 | 2023-11-06 | Tax rate | 14–16 | – | 8 | |
| 2023-Q4 | 2023-11-06 | Capex | 225–250 | – | 8 | |
| 2023-Q4 | 2023-11-06 | DD&A | 18–20 | – | 8 | |
| 2023-Q4 | 2023-11-06 | G&A | 31–33 | – | 8 | |
| 2023-Q4 | 2023-11-06 | Exploration Expense | ~10 | – | 8 | |
| 2023-Q3 | 2023-08-07 | OpEx (GAAP) | 20–22 | – | 6 | |
| 2023-Q3 | 2023-08-07 | Capex | 175–200 | – | 6 | |
| 2023-Q3 | 2023-08-07 | Production | 67,000–70,000 | – | 6 | |
| 2023-Q2 | 2023-05-09 | OpEx (GAAP) | 14.5–16.5 | – | 4 | |
| 2023-Q2 | 2023-05-09 | Tax rate | 5.5–7.5 | – | 4 | |
| 2023-Q2 | 2023-05-09 | Capex | 200–225 | – | 4 | |
| 2023-Q2 | 2023-05-09 | Production | 57,000–61,000 | – | 4 | |
| 2023-Q2 | 2023-05-09 | DD&A | 20–22 | – | 4 | |
| 2023-Q2 | 2023-05-09 | G&A | 28–30 | – | 4 | |
| 2023-Q2 | 2023-05-09 | Exploration Expense | ~10 | – | 4 |
Kosmos Energy Stock: Price & Chart
Interactive price chart of Kosmos Energy stock (TradingView) and the trend of key figures from the core tables; the chart loads only after a click and then connects to TradingView. NadirAlpha methodology
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Kosmos Energy Event Timeline
This timeline collects the material events of Kosmos Energy from the original reports: guidance changes, revenue and margin signals, strategy shifts, product and M&A announcements, grouped by quarter. NadirAlpha methodology
Overview: one dot per event · click jumps to the period
2026 · 7 events
Operational disruption 2026-08-03
Winterfell-5 well temporarily abandoned in July 2026 due to production casing challenges during drilling; partnership evaluating cause to restore production 27
Winterfell-5 well temporarily abandoned in July 2026 due to production casing challenges during drilling; partnership evaluating cause to restore production 27
Net income turned positive 2026-08-03
Kosmos reported Q2 net income of USD 184.8 million versus a net loss of $87.7 million in Q2 2025, turning profitable on higher revenue and lower production costs 27
Kosmos reported Q2 net income of USD 184.8 million versus a net loss of $87.7 million in Q2 2025, turning profitable on higher revenue and lower production costs 27
Divestiture 2026-08-03
Kosmos completed the divestiture of its 40.4% interest in Ceiba Field and Okume Complex in Equatorial Guinea on June 16, 2026, generating $127.0 million in cash proceeds from Panoro Energy 27
Kosmos completed the divestiture of its 40.4% interest in Ceiba Field and Okume Complex in Equatorial Guinea on June 16, 2026, generating $127.0 million in cash proceeds from Panoro Energy 27
“Earlier this year, we set four goals for 2026: increase production from our core assets; lower costs; reduce debt; and advance our high-quality growth portfolio with minimal capital. We are delivering strongly on all four of these goals.”
Revenue accelerating 2026-05-05
Kosmos Q1 revenue reached USD 370.7 million as net production hit a record ~74,800 boepd, driven by GTA ramp-up and new Jubilee producer wells in Ghana 26
Kosmos Q1 revenue reached USD 370.7 million as net production hit a record ~74,800 boepd, driven by GTA ramp-up and new Jubilee producer wells in Ghana 26
New market 2026-05-05
GTA Phase 1 achieved Commercial Operations Date in February 2026, commencing LNG delivery under a minimum annual offtake commitment to BP Gas Marketing and adding Mauritania and Senegal revenue 25
GTA Phase 1 achieved Commercial Operations Date in February 2026, commencing LNG delivery under a minimum annual offtake commitment to BP Gas Marketing and adding Mauritania and Senegal revenue 25
Divestiture 2026-05-05
Kosmos signed agreement to sell its 40.4% interest in Ceiba Field and Okume Complex in Equatorial Guinea to Panoro Energy for $180.0 million upfront and up to $39.5 million contingent consideration 25
Kosmos signed agreement to sell its 40.4% interest in Ceiba Field and Okume Complex in Equatorial Guinea to Panoro Energy for $180.0 million upfront and up to $39.5 million contingent consideration 25
2025 · 12 events
earnings 2026-03-02
Q4 2025 net loss of USD 377.1 million included a $177.6 million impairment on Winterfell and Marmalard proved properties and $142.2 million of Yakaar and Teranga capitalized exploratory costs charged to expense 24
Q4 2025 net loss of USD 377.1 million included a $177.6 million impairment on Winterfell and Marmalard proved properties and $142.2 million of Yakaar and Teranga capitalized exploratory costs charged to expense 24
Regulation 2026-03-02
Ghana granted formal approval in December 2025 to extend the WCTP and DT Petroleum Agreements to 2040, securing long-term development rights for Jubilee and TEN with a commitment to drill at least ten additional wells 24
Ghana granted formal approval in December 2025 to extend the WCTP and DT Petroleum Agreements to 2040, securing long-term development rights for Jubilee and TEN with a commitment to drill at least ten additional wells 24
Divestiture 2026-03-02
Kosmos entered into a Share Sale and Purchase Agreement in February 2026 to sell its participating interests in Ceiba and the Okume Complex to a Panoro Energy subsidiary for $180 million upfront and up to $39.5 million contingent consideration 24
Kosmos entered into a Share Sale and Purchase Agreement in February 2026 to sell its participating interests in Ceiba and the Okume Complex to a Panoro Energy subsidiary for $180 million upfront and up to $39.5 million contingent consideration 24
“We set out this year with three clear priorities: Increase production, reduce costs and enhance the resilience of the balance sheet. During the period, we have continued to make good progress against each of these priorities.”
earnings 2025-11-03
Kosmos reported a net loss of USD 124.3 million in Q3 2025 compared to net income of $45 million in Q3 2024, including $51.1 million in exploration costs written off after Winterfell-4 was abandoned in September 22
Kosmos reported a net loss of USD 124.3 million in Q3 2025 compared to net income of $45 million in Q3 2024, including $51.1 million in exploration costs written off after Winterfell-4 was abandoned in September 22
Guidance cut 2025-11-03
Full-year 2025 capital expenditure guidance lowered to below $350 million, described as more than a 60% reduction year-on-year 22
Full-year 2025 capital expenditure guidance lowered to below $350 million, described as more than a 60% reduction year-on-year 22
“We set out this year with three clear priorities: Increase production, reduce costs and enhance the resilience of the balance sheet. During the period we have continued to make good progress across all three areas.”
Operational disruption 2025-08-04
Multiple subsea multiphase flow pump mechanical failures at Ceiba, Equatorial Guinea impacted production in Q2 2025; first replacement pump expected Q4 2025 20
Multiple subsea multiphase flow pump mechanical failures at Ceiba, Equatorial Guinea impacted production in Q2 2025; first replacement pump expected Q4 2025 20
Margin compressing 2025-08-04
Oil and gas production costs rose to $410.4 million in H1 2025 from $244.4 million in H1 2024, primarily due to operating costs from GTA Phase 1 LNG ramp-up 20
Oil and gas production costs rose to $410.4 million in H1 2025 from $244.4 million in H1 2024, primarily due to operating costs from GTA Phase 1 LNG ramp-up 20
Strategic pivot 2025-08-04
GTA Phase 1 Gimi FLNG vessel achieved Commercial Operations Date in June 2025 following ramp-up to 2.45 million tonnes per annum contracted sales volume 20
GTA Phase 1 Gimi FLNG vessel achieved Commercial Operations Date in June 2025 following ramp-up to 2.45 million tonnes per annum contracted sales volume 20
“The long-term outlook for our portfolio of high-quality assets remains positive. A 2P reserves-to-production ratio of over 20 years supports the long-term potential of Kosmos as we focus in the near term on cash generation, cost control and debt paydown.”
earnings 2025-05-06
Kosmos posted a net loss of USD 110.6 million in Q1 2025 versus net income of $91.7 million in Q1 2024 18
Kosmos posted a net loss of USD 110.6 million in Q1 2025 versus net income of $91.7 million in Q1 2024 18
Revenue decelerating 2025-05-06
Oil and gas revenue fell to USD 290.1 million from $419.1 million in Q1 2024, driven by lower commodity prices and reduced production volumes 18
Oil and gas revenue fell to USD 290.1 million from $419.1 million in Q1 2024, driven by lower commodity prices and reduced production volumes 18
New market 2025-05-06
Greater Tortue Ahmeyim Phase 1 achieved first LNG in February 2025 and exported its first cargo in early April 2025, initiating LNG sales for the company 19
Greater Tortue Ahmeyim Phase 1 achieved first LNG in February 2025 and exported its first cargo in early April 2025, initiating LNG sales for the company 19
2024 · 12 events
New market 2025-02-24
Greater Tortue Ahmeyim Phase 1 achieved first gas production on December 31, 2024, with first LNG cargo expected in Q1 2025 17
Greater Tortue Ahmeyim Phase 1 achieved first gas production on December 31, 2024, with first LNG cargo expected in Q1 2025 17
Regulation 2025-02-24
Equatorial Guinea corporate tax rate reduced from 35% to 25% effective January 1, 2025 17
Equatorial Guinea corporate tax rate reduced from 35% to 25% effective January 1, 2025 17
“We continue to make good progress across the portfolio towards our production goal of ~90,000 boepd around the end of the year. As production rises and projects are completed, we plan to significantly reduce capital expenditure. Looking ahead to 2025, we are prioritizing cash generation from the business through disciplined capital allocation, and expect to use cash generated to de-lever the balance sheet. As a result, we are reducing our previously communicated 2025 capex guidance from ~$550 million to ~$400 million. With the actions taken this year to strengthen the balance sheet, we are well positioned entering 2025 to enhance shareholder value and further improve the financial resilience of the company.”
Revenue decelerating 2024-11-04
Oil and gas revenues declined to USD 407.8 million in Q3 2024 from $526.3 million in Q3 2023 15
Oil and gas revenues declined to USD 407.8 million in Q3 2024 from $526.3 million in Q3 2023 15
Guidance cut 2024-11-04
2025 capital expenditure guidance reduced from approximately $550 million to approximately $400 million to prioritize cash generation in 2025 16
2025 capital expenditure guidance reduced from approximately $550 million to approximately $400 million to prioritize cash generation in 2025 16
Regulation 2024-11-04
International Chamber of Commerce issued a final award prohibiting LNG sales to third parties during the Tortue Phase 1 SPA contract term 15
International Chamber of Commerce issued a final award prohibiting LNG sales to third parties during the Tortue Phase 1 SPA contract term 15
“It has been a busy period for Kosmos with significant progress in the delivery of our development projects. Production is rising in the US Gulf of Mexico with the startup of Winterfell and the successful completion of our production optimization activities. The drilling campaign in Equatorial Guinea has now commenced and we continue to see good progress across all major workstreams on the GTA project in Mauritania and Senegal. With these projects online, we expect to exit the year at our production goal of around 90,000 boepd. In addition, we have completed the concept development work on Yakaar-Teranga in Senegal and are progressing Tiberius in the US Gulf of Mexico towards final investment decision, providing high-quality investment opportunities beyond 2024. As production ramps up and capital expenditures are expected to fall, we remain committed to delivering free cash flow within a disciplined capital framework, to further enhance the financial resilience of the company, after which we will consider shareholder returns.”
Revenue accelerating 2024-08-05
Oil and gas revenue increased 65% to USD 450.9 million in Q2 2024 from $273.3 million in Q2 2023, with Ghana revenue more than doubling 13
Oil and gas revenue increased 65% to USD 450.9 million in Q2 2024 from $273.3 million in Q2 2023, with Ghana revenue more than doubling 13
New market 2024-08-05
Greater Tortue Ahmeyim hub terminal handed over to operations and FPSO arrived on location, positioning the project for first LNG gas production targeted for Q3-Q4 2024 13
Greater Tortue Ahmeyim hub terminal handed over to operations and FPSO arrived on location, positioning the project for first LNG gas production targeted for Q3-Q4 2024 13
Net income doubled 2024-08-05
Net income more than doubled YoY (23.3 to USD 59.8 million, +157%). 114
Net income more than doubled YoY (23.3 to USD 59.8 million, +157%). 114
Cash flow inflection 2024-08-05
Operating cash flow reached USD 223.7 million vs USD 18.1 million in 2023-Q2 (×12.4). 114
Operating cash flow reached USD 223.7 million vs USD 18.1 million in 2023-Q2 (×12.4). 114
“We are also advancing our next set of growth projects, securing long lead items for Tiberius and a two-year license extension granted for Yakaar-Teranga.”
Operational disruption 2024-05-07
Equatorial Guinea drilling campaign suspended in February 2024 due to safety issues; an alternative rig was secured with resumption expected mid-year 2024 11
Equatorial Guinea drilling campaign suspended in February 2024 due to safety issues; an alternative rig was secured with resumption expected mid-year 2024 11
Revenue accelerating 2024-05-07
Net production of approximately 66,700 boepd in Q1 2024, representing approximately 13% growth year over year 12
Net production of approximately 66,700 boepd in Q1 2024, representing approximately 13% growth year over year 12
Acquisition 2024-05-07
Kosmos acquired an additional 16.7% participating interest in Tiberius (Keathley Canyon Blocks 920 and 964) in March 2024, increasing its stake from 33.3% to 50.0% 11
Kosmos acquired an additional 16.7% participating interest in Tiberius (Keathley Canyon Blocks 920 and 964) in March 2024, increasing its stake from 33.3% to 50.0% 11
2023 · 12 events
“Kosmos is well-positioned to create value for shareholders. We have a clear strategy, top-quality assets with greater than 20 years of 2P reserves/production life, multiple growth catalysts, and an important role in enabling a just and orderly energy transition in the countries where we work.”
Guidance cut 2024-02-26
Greater Tortue Ahmeyim Phase 1 first gas retargeted for Q3 2024, later than the Q1 2024 target indicated at mid-year 2023, with the project approximately 90% complete at year-end 2023 and the FLNG vessel arriving offshore in Q1 2024 9
Greater Tortue Ahmeyim Phase 1 first gas retargeted for Q3 2024, later than the Q1 2024 target indicated at mid-year 2023, with the project approximately 90% complete at year-end 2023 and the FLNG vessel arriving offshore in Q1 2024 9
Strategic pivot 2024-02-26
Following BP's November 2023 withdrawal from the Yakaar and Teranga discoveries, Kosmos assumed operatorship and increased its participating interest from 30% to 90% in the Cayar Offshore Profond Block offshore Senegal, with PETROSEN holding the remaining 10% 9
Following BP's November 2023 withdrawal from the Yakaar and Teranga discoveries, Kosmos assumed operatorship and increased its participating interest from 30% to 90% in the Cayar Offshore Profond Block offshore Senegal, with PETROSEN holding the remaining 10% 9
“Kosmos continues to create value for its stakeholders through the consistent delivery of its strategy to grow production, advance its advantaged oil and LNG projects, and add resource through infrastructure-led exploration.”
Revenue accelerating 2023-11-06
Q3 revenue of USD 526.3 million increased from $456.1 million in Q3 2022, driven by the Jubilee South East development startup and three producer wells brought online during the quarter, taking gross Jubilee production to approximately 100,000 bopd 7
Q3 revenue of USD 526.3 million increased from $456.1 million in Q3 2022, driven by the Jubilee South East development startup and three producer wells brought online during the quarter, taking gross Jubilee production to approximately 100,000 bopd 7
New market 2023-11-06
Tiberius infrastructure-led exploration well, spud in July 2023 in Keathley Canyon Block 964, encountered approximately 75 meters of net oil pay in the Wilcox target, with development options under review 7
Tiberius infrastructure-led exploration well, spud in July 2023 in Keathley Canyon Block 964, encountered approximately 75 meters of net oil pay in the Wilcox target, with development options under review 7
“Kosmos continued to deliver on its strategy with the commencement of production from the Jubilee South East development in July. The start up of the first of three key development projects for Kosmos is an important step to realizing the free cash flow inflection point we expect as production rises and capital spending starts to fall. With the additional production from Jubilee year-to-date, we are currently around half way to achieving our 50% production growth target from 2022 levels. Further production growth is expected later in the year as additional Jubilee wells come online. Our other key projects, Greater Tortue Ahmeyim Phase 1 in Mauritania and Senegal, and Winterfell in the U.S. Gulf of Mexico continue to progress with first gas at Tortue expected in the first quarter of 2024 and first oil at Winterfell expected around the end of the first quarter of 2024. We are approaching an exciting time for the business as we begin to benefit from the delivery of our multi-year investment program.”
Revenue decelerating 2023-08-07
Revenue of USD 273.3 million was lower year-over-year, as oil and gas revenue declined from $620.4 million in Q2 2022 due to lower commodity prices and production levels 5
Revenue of USD 273.3 million was lower year-over-year, as oil and gas revenue declined from $620.4 million in Q2 2022 due to lower commodity prices and production levels 5
Guidance cut 2023-08-07
Greater Tortue Ahmeyim Phase 1 first gas target moved to Q1 2024 from the prior end-2023 target, with FLNG sailaway retargeted for end of Q3 2023 and FPSO arrival pushed to Q4 2023, following subsea workscope delays on the project 6
Greater Tortue Ahmeyim Phase 1 first gas target moved to Q1 2024 from the prior end-2023 target, with FLNG sailaway retargeted for end of Q3 2023 and FPSO arrival pushed to Q4 2023, following subsea workscope delays on the project 6
“Kosmos has a busy year of catalysts ahead, having already delivered key milestones in the first quarter. We remain focused on execution and realizing the full potential of our distinctive assets.”
Revenue decelerating 2023-05-09
Revenue declined to USD 394.2 million from $659.0 million in Q1 2022 due to lower commodity prices and reduced Ghana volumes following the March 2022 pre-emption transaction and natural field decline 3
Revenue declined to USD 394.2 million from $659.0 million in Q1 2022 due to lower commodity prices and reduced Ghana volumes following the March 2022 pre-emption transaction and natural field decline 3
Acquisition 2023-05-09
Kosmos Energy acquired a 24% participating interest in Block EG-01 offshore Equatorial Guinea in February 2023, with Panoro as operator holding 56% and GEPetrol with a 20% carried interest, initiating a three-year exploration period from March 1, 2023 3
Kosmos Energy acquired a 24% participating interest in Block EG-01 offshore Equatorial Guinea in February 2023, with Panoro as operator holding 56% and GEPetrol with a 20% carried interest, initiating a three-year exploration period from March 1, 2023 3
Kosmos Energy Business Model
The Kosmos Energy business model in brief: products, customers and revenue sources as the company itself describes them in its reports. NadirAlpha methodology
Kosmos Energy is an independent upstream oil and gas exploration and production company focused on frontier and emerging market basins in Africa and the Gulf of America. Its primary producing assets are the Jubilee and TEN fields offshore Ghana, which generate revenue from crude oil liftings into the international market, and the Greater Tortue Ahmeyim LNG project offshore Mauritania and Senegal, which reached Commercial Operations in February 2026 and generates revenue from LNG exports under long-term offtake agreements. Kosmos Energy also holds exploration and development interests in the Gulf of America, including the operated Tiberius project that reached a final investment decision in March 2026 with first oil targeted in the second half of 2028. Kosmos funds its development program through a reserve-based lending facility, project finance instruments including the GTA Nordic Bonds, equity issuances, and operating cash flow. Its capital allocation strategy prioritizes debt reduction through production growth and selective asset divestiture, with the Equatorial Guinea portfolio exited in mid-2026 to concentrate capital on its core producing basins.
Kosmos Energy Stock: Share-Price Drivers
The drivers of Kosmos Energy stock from the company's perspective: demand, prices, costs and capacity as the investor relations reports describe them. NadirAlpha methodology
Ramp-up of the Greater Tortue Ahmeyim (GTA) LNG project together with production growth across Kosmos Energy's producing basins
GTA first gas and first LNG off Mauritania and Senegal moved the company toward full-field output, and the Mauritania/Senegal segment now contributes alongside Ghana and Equatorial Guinea; revenue reached USD 607.3 million and net income returned to positive USD 184.8 million in 2026-Q2 after a run of quarterly losses 25 128
GTA first gas and first LNG off Mauritania and Senegal moved the company toward full-field output, and the Mauritania/Senegal segment now contributes alongside Ghana and Equatorial Guinea; revenue reached USD 607.3 million and net income returned to positive USD 184.8 million in 2026-Q2 after a run of quarterly losses 25 128
Greater Tortue Ahmeyim (GTA) LNG startup and ramp (Mauritania/Senegal)
Kosmos Energy guided GTA Phase 1 first gas and first LNG for late 2024, with FPSO delivery and operational handover; the Mauritania/Senegal segment is active and contributing revenue 14 16 25
Kosmos Energy guided GTA Phase 1 first gas and first LNG for late 2024, with FPSO delivery and operational handover; the Mauritania/Senegal segment is active and contributing revenue 14 16 25
Ghana production, led by Jubilee and TEN
Ghana is the largest revenue segment for the company, and Jubilee development wells were onlined in Q1 2026 25
Ghana is the largest revenue segment for the company, and Jubilee development wells were onlined in Q1 2026 25
Equatorial Guinea infill drilling
Kosmos Energy planned an Equatorial Guinea infill drilling campaign with infill wells targeted online in Q4 2024; the segment remains active 12 14 25
Kosmos Energy planned an Equatorial Guinea infill drilling campaign with infill wells targeted online in Q4 2024; the segment remains active 12 14 25
Gulf of America (Winterfell, Odd Job, Kodiak, Tiberius)
Winterfell saw first oil and a Winterfell-4 step-out well, while the Gulf of America segment is shown as no longer active after 2025-H1 for the company 14 23 25
Winterfell saw first oil and a Winterfell-4 step-out well, while the Gulf of America segment is shown as no longer active after 2025-H1 for the company 14 23 25
Deleveraging and cash generation
Operating cash flow was USD 175 million and net debt stood at USD 2,570 million in 2026-Q2, lower than USD 2,961.2 million at end-2025; Kosmos Energy issued 8.750% Senior Notes in September 2024 17 128
Operating cash flow was USD 175 million and net debt stood at USD 2,570 million in 2026-Q2, lower than USD 2,961.2 million at end-2025; Kosmos Energy issued 8.750% Senior Notes in September 2024 17 128
Sector trend: Across the oil and gas exploration and production sector, Kosmos Energy's output and demand indicators are heading higher as new developments reach first production, lifting revenue and returning quarterly earnings to positive territory 25 128. Debt levels are trending lower while operating cash flow has turned clearly positive 128.
Kosmos Energy Revenue by Type (as of 2026-Q2 · USD million · 5/9)
Where the revenue of Kosmos Energy comes from: segments and product types with share, growth and margin, as of Q2 2026, older structures remain in the expandable part. NadirAlpha methodology
| Segment | Since | Revenue | Source |
|---|---|---|---|
| Period 2026-Q1 (3M) | |||
| Mauritania/Senegal | 2024-Q1 | 52.3 | 25 |
| Ghana | 2022-Q1 | 201.3 | 25 |
| Equatorial Guinea | 2022-Q1 | 22.4 | 25 |
| Gulf of America | 2024-Q2 | 94.8 | 25 |
| Period FY2025 (12M) | |||
| Mauritania and Senegal | 2025-Q3 | 374.3 | 24 |
| Period 2024-Q1 (3M) | |||
| U.S. Gulf of Mexico | 2022-Q1 | 87.4 | 11 |
| Period FY2023 | |||
| Equatorial Guinea - Ceiba/Okume | – | – | 9 |
| Ghana - Jubilee | – | – | 9 |
| Ghana - TEN | – | – | 9 |
Kosmos Energy Products & announcements (54/115 active+recent)
What Kosmos Energy launched, had approved or announced, from the filings up to Q2 2026, each row with the date of first mention. NadirAlpha methodology
Status: PlannedLaunched
| Product/Line | Since | Status | Source |
|---|---|---|---|
| 2028 | |||
| Tiberius development | 2028-06 | 26 | |
| 2027 | |||
| Trailblazer exploration drilling (2x) | 2027-06 | 25 | |
| 2026 | |||
| Senegal Cayar Block license phase expires July 2026 | 2026-07 | 24 | |
| Cayar Block exploration license extension | 2026-07 | 11 | |
| Jubilee J50 well (3x) | 2026-06 | 28 | |
| Greater Tortue Ahmeyim (GTA) Phase 1 bond issuance | 2026-06 | 28 | |
| Equity raise completed | 2026-06 | 28 | |
| Winterfell-5 spudding | 2026-04 | 25 | |
| Tiberius development final investment decision | 2026-03 | 27 | |
| Tiberius Final Investment Decision achieved | 2026-03 | 25 | |
| Jubilee development wells onlined | 2026-03 | 25 | |
| Equity offering | 2026-03 | 25 | |
| $200 million equity raise | 2026-03 | 26 | |
| Tortue Phase 1 SPA Commercial Operations Date achieved | 2026-02 | 24 | |
| Tortue Phase 1 SPA Commercial Operations | 2026-02 | 24 | |
| Tortue Phase 1 Commercial Operations Date achieved | 2026-02 | 25 | |
| Tortue Phase 1 Commercial Operations | 2026-02 | 25 | |
| GTA Phase 1 LNG Commercial Operations | 2026-02 | 27 | |
| $350 million senior secured bond offering | 2026-01 | 26 | |
| GTA Phase 1+ expansion with domestic sales | 2026 | 26 | |
| GTA Phase 1+ domestic gas sales to Senegal power generation | 2026 | 28 | |
| 2025 | |||
| FPSO refinancing completion | 2025-12 | 19 | |
| FPSO re-financing | 2025-12 | 21 | |
| Ceiba subsea pump replacement | 2025-12 | 20 | |
| Winterfell-4 drilling and completion in Gulf of America | 2025-09 | 20 | |
| $250 million senior secured term loan facility | 2025-09 | 21 | |
| Jubilee J-72 producer well (4x) | 2025-07 | 24 | |
| Jubilee 2025/26 Drilling Campaign First Producer Well | 2025-07 | 22 | |
| Yakaar-Teranga joint development concept design finalization | 2025-06 | 20 | |
| Tiberius discovery final investment decision | 2025-06 | 20 | |
| Jubilee Field drilling rig contract | 2025-06 | 17 | |
| Jubilee Field MOU with Government of Ghana to extend licenses to 2040 | 2025-06 | 20 | |
| Greater Tortue Ahmeyim Phase 1 project Commercial Operations Date | 2025-06 | 20 | |
| Noble Venturer rig arrival for Jubilee drilling | 2025-05 | 19 | |
| Greater Tortue Ahmeyim Phase 1 first LNG cargo export | 2025-04 | 24 | |
| GTA Phase 1 first LNG cargo export | 2025-04 | 20 | |
| GTA Phase 1 First LNG Cargo | 2025-04 | 27 | |
| GTA FLNG Commercial Operations Date (5×) | 2025-04 | 24 | |
| GTA (Greater Tortue Ahmeyim) LNG first cargo export | 2025-04 | 19 | |
| Jubilee Field 4D seismic survey (2×) | 2025-03 | 17 | |
| Greater Tortue Ahmeyim floating LNG vessel | 2025-02 | 17 | |
| Greater Tortue Ahmeyim first LNG cargo | 2025-02 | 18 | |
| Greater Tortue Ahmeyim Phase 1 first LNG production | 2025-02 | 24 | |
| Greater Tortue Ahmeyim Phase 1 LNG | 2025-02 | 17 | |
| GTA Phase 1 first LNG | 2025-02 | 23 | |
| GTA Phase 1 FLNG Project | 2025-02 | 22 | |
| First LNG cargo from GTA | 2025-02 | 24 | |
| Equatorial Guinea corporate tax rate reduction | 2025-01 | 24 | |
| Ghana WCTP and DT license extension to 2040 (2×) | 2025 | 24 | |
| First LNG cargo sales in Mauritania and Senegal | 2025 | 23 | |
| Commitment to drill minimum of ten development wells under amended Jubilee plan of development | 2025 | 24 | |
| 2026 capital program of $350 million planned | 2025 | 24 | |
| 2024 | |||
| Jubilee four-well drilling campaign (3x) | 2024-06 | 20 | |
| Tiberius project sanction (2x) | 2024 | 16 | |
| 2026 | |||
| Tiberius Discovery Development | 2026-03 | 25 | |
| 2025 | |||
| Yakaar and Teranga discoveries development | 2025 | 23 | |
| GTA Phase 1 completion (4x) | 2025 | 17 | |
| 2024 | |||
| Yakaar-Teranga farm down | 2024-12 | 10 | |
| Greater Tortue Ahmeyim first gas production | 2024-12 | 18 | |
| Greater Tortue Ahmeyim first gas | 2024-12 | 16 | |
| Greater Tortue Ahmeyim first LNG | 2024-12 | 12 | |
| Greater Tortue Ahmeyim Phase 1 project first gas production | 2024-12 | 17 | |
| Greater Tortue Ahmeyim Phase 1 | 2024-12 | 18 | |
| Greater Tortue Ahmeyim LNG Phase 1 first gas production | 2024-12 | 20 | |
| Greater Tortue Ahmeyim LNG Phase 1 FPSO on-stream | 2024-12 | 24 | |
| Greater Tortue Ahmeyim FLNG first LNG | 2024-12 | 13 | |
| GTA first gas | 2024-12 | 14 | |
| GTA Phase 1 project first gas production | 2024-12 | 24 | |
| GTA Phase 1 first gas production | 2024-12 | 23 | |
| Yakaar and Teranga discoveries joint development | 2024-09 | 15 | |
| Tiberius discovery phased development | 2024-09 | 15 | |
| Greater Tortue FPSO commissioning | 2024-09 | 11 | |
| Greater Tortue Ahmeyim Phase 1 Project | 2024-09 | 9 | |
| Greater Tortue Ahmeyim Phase 1 FPSO delivery and first gas production | 2024-09 | 9 | |
| Greater Tortue Ahmeyim FPSO commissioning and first gas | 2024-09 | 13 | |
| Greater Tortue Ahmeyim FPSO Handover | 2024-09 | 11 | |
| GTA FPSO operational handover | 2024-09 | 14 | |
| Asam discovery commercialization | 2024-09 | 15 | |
| Winterfell startup | 2024-07 | 14 | |
| Equatorial Guinea infill drilling resumption | 2024-07 | 15 | |
| Equatorial Guinea Ceiba Field and Okume Complex infill drilling campaign resumed | 2024-07 | 13 | |
| Dated Brent two-way collar contracts | 2024-07 | 13 | |
| Kodiak-3ST workover (5x) | 2024-06 | 17 | |
| Greater Tortue Ahmeyim Phase 1 first gas production | 2024-03 | 5 | |
| Greater Tortue Ahmeyim Phase 1 First Gas | 2024-03 | 9 | |
| Yakaar-Teranga concept development completed | 2024 | 14 | |
| Yakaar and Teranga joint development final investment decision | 2024 | 17 | |
| Yakaar and Teranga joint development | 2024 | 17 | |
| Winterfell-5 well (20x) | 2024 | 8 | |
| Tiberius phased development plan finalization | 2024 | 17 | |
| Tiberius development phased tie-back sanction | 2024 | 10 | |
| Tiberius Field development | 2024 | 17 | |
| Odd Job Field subsea pump (7×) | 2024 | 4 | |
| Equatorial Guinea infill drilling campaign resumption | 2024 | 12 | |
| 2023 | |||
| Equatorial Guinea infill drilling campaign | 2023-12 | 6 | |
| Ceiba and Okume Complex Development Drilling Campaign | 2023-12 | 3 | |
| Tiberius exploration well (5×) | 2023-09 | 4 | |
| Tiberius ILX oil discovery | 2023-09 | 8 | |
| Greater Tortue Ahmeyim Phase 1 Development | 2023-09 | 7 | |
| Equatorial Guinea first infill well (8×) | 2023-09 | 14 | |
| Tiberius discovery | 2023-07 | 18 | |
| Jubilee South East (3×) | 2023-07 | 8 | |
| Jubilee Southeast drilling completion and production startup | 2023-06 | 4 | |
| Yakaar-Teranga first phase domestic gas scheme progression | 2023-03 | 4 | |
| New oil production from Jubilee | 2023-03 | 4 | |
| BirAllah project optimization and concept selection | 2023-03 | 4 | |
| Yakaar-Teranga discoveries commerciality decision | 2023 | 9 | |
| Yakaar-Teranga development | 2023 | 9 | |
| Tiberius appraisal | 2023 | 9 | |
| Jubilee Southeast (3×) | 2023 | 9 | |
| Greater Tortue Ahmeyim Phase 2 | 2023 | 9 | |
| BirAllah development | 2023 | 9 | |
| Asam discovery commerciality decision | 2023 | 9 | |
| Akeng Deep prospect drilling in Equatorial Guinea | 2023 | 9 | |
| 2019 | |||
| Greater Tortue Ahmeyim Phase 1 LNG Project | 2019 | 17 | |
Kosmos Energy Transactions & Events (46)
All recorded acquisitions, divestitures and exits of Kosmos Energy, plus partnerships, contracts and regulatory events affecting the business, each with date and source. NadirAlpha methodology
Acquisitions · 30Partnerships/contracts · 5Divestitures/exits · 11
Acquisitions by Kosmos Energy
| Transaction / stake | Date | Type | Source |
|---|---|---|---|
| 2026 | |||
| Tiberius farm-down with Navitas | 2026-07 | Completed | 28 |
| Tiberius discovery farm-out | 2026-07 | Completed | 27 |
| Navitas farm-out investment in Tiberius | 2026-07 | Completed | 27 |
| Public offering of 112.1 million common shares | 2026-03 | Completed | 27 |
| Voluntary early principal repayment on Facility borrowings | 2026-02 | Completed | 24 |
| GTA Nordic bonds issuance (4×) | 2026-01 | Completed | 24 |
| Tiberius Development FID and Farm-down | 2026 | Completed | 22 |
| 2025 | |||
| TEN FPSO Acquisition (5×) | 2025-12 | Completed | 24 |
| Ghana License Extension and Jubilee Development | 2025-12 | Completed | 24 |
| Block 5 Sao Tome and Principe exploration extension | 2025-05 | Completed | 23 |
| Yakaar and Teranga Discoveries | 2025-03 | Completed | 18 |
| Tiberius discovery development decision | 2025 | Completed | 23 |
| GoA crude oil sales multi-year term deal with single buyer | 2025 | Completed | 24 |
| 2024 | |||
| Exit Block S offshore Equatorial Guinea (3×) | 2024-12 | Completed | 7 |
| Greater Tortue FPSO delivery to BP Buyer | 2024-09 | Completed | 13 |
| Facility Amendment and Restatement | 2024-04 | Completed | 17 |
| Tiberius area participating interest increase to 50% (2x) | 2024-03 | Completed | 24 |
| Tiberius area acquisition | 2024-03 | Completed | 11 |
| Reserve-based lending facility refinancing | 2024-03 | Completed | 12 |
| Keathley Canyon Blocks 920 and 964 acquisition (2x) | 2024-03 | Completed | 20 |
| Equinor stake acquisition in Tiberius | 2024-03 | Completed | 12 |
| Acquisition of additional 16.7% participating interest in Tiberius area (2x) | 2024-03 | Completed | 24 |
| Yakaar and Teranga developments | 2024-01 | Completed | 9 |
| BP waived rights in Yakaar and Teranga discoveries; Kosmos assumed operator role | 2024-01 | Completed | 24 |
| BP waived rights in Yakaar and Teranga discoveries; Kosmos assumed 90% participating interest in Cayar Offshore Profond Block | 2024-01 | Completed | 17 |
| Tiberius final investment decision | 2024 | Completed | 27 |
| 2023 | |||
| Yakaar-Teranga operatorship assumption | 2023-09 | Completed | 8 |
| Block S farm-out to Panoro (3x) | 2023-03 | Completed | 3 |
| Block EG-01 Petroleum Contract (5x) | 2023-02 | Completed | 7 |
| Jubilee Field Phase 1 natural gas provision to GNPC | 2023 | Completed | 24 |
Divestitures and exits by Kosmos Energy
| Transaction / stake | Date | Type | Source |
|---|---|---|---|
| 2026 | |||
| Sao Tome Block 5 license expiration | 2026-06 | Divested | 25 |
| Sale of Ceiba Field and Okume Complex production assets | 2026-06 | Divested | 27 |
| Sale of Ceiba Field and Okume Complex assets in Equatorial Guinea | 2026-06 | Divested | 27 |
| Equatorial Guinea assets sale agreement entered | 2026-02 | Divested | 24 |
| Ceiba Field and Okume Complex sale to Panoro Energy | 2026-02 | Divested | 28 |
| Ceiba Field and Okume Complex divestiture | 2026-02 | Divested | 25 |
| Sale of Ceiba Field and Okume Complex (Equatorial Guinea) | 2026 | Divested | 25 |
| Ceiba Field and Okume Complex divestiture to Panoro Energy | 2026 | Divested | 25 |
| 2025 | |||
| Yakaar and Teranga discoveries write-off | 2025 | Divested | 24 |
| 2024 | |||
| Corporate Revolver termination | 2024-10 | Divested | 17 |
| 2023 | |||
| FPSO deferred sale - Greater Tortue | 2023-09 | Divested | 7 |
Partnerships and contracts of Kosmos Energy
| Transaction / stake | Date | Type | Source |
|---|---|---|---|
| 2026 | |||
| Strategic alliance with Shell for Gulf of America exploration | 2026-02 | Agreement | 24 |
| Shell strategic alliance for Norphlet exploration blocks | 2026-02 | Agreement | 25 |
| Shell Norphlet strategic alliance with Trailblazer prospect | 2026 | Agreement | 28 |
| 2025 | |||
| WCTP and DT Petroleum Agreements extension with amended gas sales | 2025-12 | Agreement | 24 |
| 2024 | |||
| Jubilee Field gas sales agreement interim extension | 2024-11 | Agreement | 24 |
Kosmos Energy Risks (104 since the annual report of 2026-03-02, 303 tracked in total)
NadirAlpha lists 104 active risks of Kosmos Energy from the filings, the category as a coloured dot with legend, the wording as a short summary of the filing with no assessment of our own. NadirAlpha methodology
Category: CustomersFinancialSupply chainMacroRegulatoryStrategyLegalGeopoliticsMarketTechnologyPeopleCompetitionOperationsCyberESG
| Risk | Category | Last reported |
|---|---|---|
| Kosmos Energy: first mention in 8-K-EX99.1 earnings release of 2026-08-03 (2026-Q2), source 28 | ||
| Customer concentration in oil and gas sales; dependent on global commodity markets | = | |
| Kosmos Energy: first mention in 10-Q quarterly report of 2026-08-03 (2026-Q2), source 27 | ||
| Borrowing base reduced following Equatorial Guinea asset sale; further reductions depend on commodity prices and production. | = | |
| Facility amended multiple times to relax debt cover ratio covenant; elevated leverage in 2025 required covenant amendments | = | |
| Decommissioning trust commitment approximately $111.0 million net to Kosmos funded annually over 14 years. | = | |
| Commitment for proportionate share of TEN FPSO purchase price of $205.0 million from MODEC in 2027. | = | |
| Winterfell-2 production shut-in pending future intervention; Winterfell-5 temporarily abandoned due to casing issues. | = | |
| Committed to deliver minimum annual LNG contract quantity of 127.95 MMBtu annually subject to downward adjustments. | = | |
| Commitment to drill minimum ten development wells under amended Jubilee plan of development. | = | |
| Performance and supplemental bonds totaling $150.5 million for plugging/abandonment obligations. | = | |
| Company dependent on success of exploration, appraisal, and development drilling programs to maintain production | = | |
| Kosmos Energy: first mention in 10-K annual report of 2026-03-02 (FY2025), source 24 | ||
| Operations in multiple jurisdictions (Ghana, Mauritania, Senegal, Gulf of America) subject to varying regulatory requirements and changes | 2026-Q2 2026-08-03 28 | |
| Kosmos Energy: first mention in 10-K annual report of 2025-02-24 (FY2024), source 17 | ||
| Company requires ability to refinance debt and access capital markets; credit market conditions could affect terms | 2026-Q2 2026-08-03 27 | |
| Standard litigation and regulatory examinations in ordinary business course in operating jurisdictions. | 2026-Q2 2026-08-03 27 | |
| Kosmos Energy: first mention in 10-K annual report of 2024-02-26 (FY2023), source 9 | ||
| Significant debt obligations; reliant on oil price assumptions and market conditions for refinancing at acceptable terms | 2026-Q2 2026-08-03 28 | |
| Exposure to political and regulatory risks in West Africa and developing countries | 2026-Q2 2026-08-03 28 | |
| Deepwater operations dependent on specialized equipment and supply chains; weather and equipment failures can disrupt production | 2026-Q2 2026-08-03 28 | |
| Kosmos Energy: first mention in 10-Q quarterly report of 2023-08-07 (2023-Q2), source 5 | ||
| Floating rate debt of 969.4 million exposes company to interest rate increases; 10% increase = 3.8 million additional annual interest | 2026-Q2 2026-08-03 27 | |
| Oil and gas price fluctuations significantly impact revenues and cash flows; hedging mitigates but does not eliminate exposure | 2026-Q2 2026-08-03 28 | |
| Kosmos Energy: first mention in 10-Q quarterly report of 2023-05-09 (2023-Q1), source 3 | ||
| Company dependent on government concessions in Ghana, Equatorial Guinea, Mauritania, and Senegal; termination risk exists | 2026-Q2 2026-08-03 27 | |
| Availability and cost of drilling rigs, equipment, and oilfield services subject to market conditions | 2026-Q2 2026-08-03 27 | |
| Oil prices ranged between 60.98 and 144.42 per barrel in H1 2026; volatility impacts revenues and cash flow | 2026-Q2 2026-08-03 27 | |
| Complex deepwater operations subject to technical challenges, well performance uncertainties, and operational execution risks | 2026-Q2 2026-08-03 28 | |
| Kosmos Energy: first mention in 8-K-EX99.1 earnings release of 2026-05-05 (2026-Q1), source 26 | ||
| Planned sale of Ceiba and Okume assets in Equatorial Guinea by mid-2026 subject to CEMAC approval | = | |
| Kosmos operates assets dependent on license renewals; Jubilee and TEN licenses extended to 2040 | = | |
| Higher near-term oil prices create upside but also exposure to price declines | = | |
| Successfully executing four strategic goals requires sustained operational discipline | = | |
| Competitive deepwater exploration and production environment globally | = | |
| Kosmos Energy: first mention in 10-Q quarterly report of 2026-05-05 (2026-Q1), source 25 | ||
| Restricted cash funding requirement estimated at $47.0 million pending lender approval to extend prior waiver | = | |
| Production revenues tied to commodity markets and cargo-based sales in Ghana, Mauritania, Senegal, and Gulf of America | 2026-Q1 2026-05-05 26 | |
| Minimum annual LNG contract quantity commitment of 127,951,000 MMBtu (approximately 2.45 million tonnes per annum) to BP Gas Marketing Limited subject to downward adjustments. | = | |
| Remediation work ongoing on failed subsea multiphase flow pump at Ceiba with production impact. | = | |
| Transaction completion expected mid-2026 subject to CEMAC approval with no assurance of closing or timing. | = | |
| Decommissioning trust obligation approximately $111.0 million net to Kosmos to be funded over estimated fourteen year period. | = | |
| Committed to Tullow for proportionate share of TEN FPSO acquisition gross price of $205.0 million at end of current lease in 2027. | = | |
| Commodity derivative liability of $171.2 million at March 31, 2026 reflects significant exposure to oil price movements. | = | |
| GoA Term Loan financial covenants include field life coverage ratio minimum 1.50x and net leverage ratio maximum 3.50x. | = | |
| Availability and cost of drilling rigs and oilfield services could impact capital programs | = | |
| Kosmos Energy: first mention in 10-K annual report of 2026-03-02 (FY2025), source 24 | ||
| Subsidiaries may be restricted from making dividend payments, loans or advances to parent company under debt agreements | = | |
| Inability to continuously export associated natural gas from Jubilee Field could impact oil production and require re-injection or flaring | = | |
| Holding company; ability to make debt payments dependent on receipt of funds from subsidiaries | = | |
| Level of indebtedness may increase and reduce financial flexibility | = | |
| Winterfell Field production curtailed; sand production challenges on Winterfell-3 with remediation unsuccessful; Winterfell-4 abandoned due to completion casing collapse | = | |
| May be required to take write-downs of asset carrying values due to price/performance declines | = | |
| Company operates in jurisdictions including Ghana, Equatorial Guinea, Mauritania, Senegal subject to local tax laws and regulations | = | |
| Licenses concentrated in Africa and GoA subject to political, security, weather risks | = | |
| Gulf of America crude oil and natural gas transported via third-party pipelines to customers. | = | |
| Drilling wells speculative and may not result in discoveries or commercially productive reserves | = | |
| Not operator on all license areas; limited control over timing and scope of exploration/development | = | |
| Limited proved reserves; discoveries without approved PoDs and unproven prospects | = | |
| Unit partner interests in Jubilee and GTA units subject to redetermination; interests may decrease | = | |
| Inability of partners/contractors to meet obligations may adversely affect financial results | = | |
| Company depends on key management and technical personnel; loss of such personnel could materially adversely affect operations | = | |
| Debt cover ratio at 5.49x as of December 31, 2025 with covenant assessment at March 31, 2026 requiring ~$50.0 million restricted cash. | = | |
| Equatorial Guinea Block G sale transaction completion subject to CEMAC customary approval with no assurances of closing or timing | = | |
| Divestiture of Ceiba Field and Okume Complex requires CEMAC customary approval; completion expected mid-2026. | = | |
| Inherent uncertainties in estimating proved reserves; actual reserves may differ significantly from estimates | = | |
| Environmental, health and safety law changes and GHG regulation implementation and interpretation | 2026-Q1 2026-05-05 25 | |
| Incorporation of AI technologies presents business, operational and cybersecurity risks | = | |
| Cybersecurity breach could result in information theft, data corruption, operational disruption | = | |
| Increased activism against oil/gas operations may delay permits or restrict operations | = | |
| Outbreaks of contagious disease in developing countries may disrupt operations | = | |
| Oil derivative contracts include two-way collars, three-way collars, and swaps hedging Brent and WTI prices. | = | |
| Competition for drilling rigs and equipment; shortages may restrict drilling ability | = | |
| Dependence on third-party contractors and service providers for oil and gas operations creates operational risk | = | |
| Deterioration in credit or equity markets could adversely affect operations | = | |
| Dependent on certain members of management and technical team | = | |
| Production volumes sold may differ from ownership interest; receivable or liability recognized only if imbalance exceeds expected remaining proved reserves. | = | |
| Subject to stringent international and local environmental and health/safety laws | = | |
| Petroleum agreements subject to government approval and redetermination provisions that could impact participating interests | = | |
| Changes in environmental laws, climate change regulations and financial assurance requirements could increase compliance costs | = | |
| Oil and gas industry highly competitive; competitors often have greater resources | = | |
| Oil and gas industry is highly competitive; many competitors have substantially greater financial and technical resources | = | |
| Kosmos Energy: first mention in 10-Q quarterly report of 2025-11-04 (2025-Q3), source 23 | ||
| Potential failure to satisfy debt cover ratio covenant under Facility could trigger event of default and acceleration of debt | = | |
| Conflict in Iran, Middle East instability, and Ukraine war affect oil and LNG prices and operations | 2026-Q1 2026-05-05 25 | |
| Kosmos Energy: first mention in 8-K-EX99.1 earnings release of 2025-11-03 (2025-Q3), source 22 | ||
| Ghana extension agreements require minimum ten development wells commitment under amended Jubilee plan of development. | 2026-Q1 2026-05-05 25 | |
| Increasing reliance on digital technologies for operations creates vulnerability to cyber attacks and data breaches | FY2025 2026-03-02 24 | |
| Multiple exploration and production jurisdictions with varying regulatory, legal and political environments. | FY2025 2026-03-02 24 | |
| Kosmos Energy: first mention in 8-K-EX99.1 earnings release of 2025-08-04 (2025-Q2), source 21 | ||
| BP Oil Supply represents 11% and Shell Trading (US) Company represents 10% of total consolidated oil and gas revenue for 2025. | FY2025 2026-03-02 24 | |
| Jubilee production licenses extension to 2040 requires government approval expected later in 2025. | = | |
| Kosmos Energy: first mention in 10-Q quarterly report of 2025-08-04 (2025-Q2), source 20 | ||
| All debt instruments contain customary cross default provisions increasing risk if one instrument defaults. | = | |
| Legal proceedings, arbitrations, or investigations; environmental and operational liabilities | = | |
| Kosmos Energy: first mention in 10-Q quarterly report of 2025-05-06 (2025-Q1), source 18 | ||
| Management believes pending litigation matters individually and in aggregate non-material | = | |
| Kosmos Energy: first mention in 10-K annual report of 2025-02-24 (FY2024), source 17 | ||
| Winterfell and Marmalard fields impairment of $177.6 million and Cayar exploratory costs impairment of $142.2 million. | FY2025 2026-03-02 24 | |
| Asset retirement obligations of $327.0 million as of December 31, 2025; decommissioning commitments including $122.6 million for Jubilee Field funded over estimated fifteen year period. | FY2025 2026-03-02 24 | |
| Cayar Offshore Profound Block exploration phase expires July 2026; Yakaar and Teranga discovery costs written off. | FY2025 2026-03-02 24 | |
| Slower global economic growth may reduce demand for oil and natural gas | FY2025 2026-03-02 24 | |
| Reserve quantities and future cash flows estimates by independent consultants subject to engineering interpretation and judgment; impairment assessments depend on assumptions about production, pricing and costs. | FY2025 2026-03-02 24 | |
| Kosmos Energy: first mention in 10-Q quarterly report of 2024-11-04 (2024-Q3), source 15 | ||
| Federal net operating loss carryforwards may be subject to limitation under Internal Revenue Code Section 382 if ownership change occurs | FY2025 2026-03-02 24 | |
| Kosmos Energy: first mention in 10-Q quarterly report of 2024-08-05 (2024-Q2), source 13 | ||
| Termination or intervention in petroleum concessions by governments in operating countries | 2026-Q1 2026-05-05 25 | |
| Kosmos Energy: first mention in 10-K annual report of 2024-02-26 (FY2023), source 9 | ||
| Business plan requires substantial additional capital which may not be available on acceptable terms | FY2025 2026-03-02 24 | |
| Operations concentrated in developing countries subject to political instability, expropriation and foreign exchange risks | FY2025 2026-03-02 24 | |
| Estimated proved reserves based on many assumptions that may prove inaccurate | FY2025 2026-03-02 24 | |
| May be exposed to assertions and liabilities under anti-corruption laws | FY2025 2026-03-02 24 | |
| Company operates in litigious jurisdictions with potential for significant legal expenses and operational disruptions | FY2025 2026-03-02 24 | |
| Russia-Ukraine war, Middle East instability impact supply/demand and commodity prices | FY2025 2026-03-02 24 | |
| Kosmos Energy: first mention in 8-K-EX99.1 earnings release of 2023-11-06 (2023-Q3), source 8 | ||
| Company subject to normal course litigation and potential legal proceedings regarding operations. | FY2025 2026-03-02 24 | |
| Kosmos Energy: first mention in 10-Q quarterly report of 2023-11-06 (2023-Q3), source 7 | ||
| Potential global recession and inflationary pressures impact business environment | 2026-Q1 2026-05-05 25 | |
| No material changes from legal proceedings discussed in Form 10-K for year ended December 31, 2024 | 2025-Q3 2025-11-04 23 | |
| Kosmos Energy: first mention in 10-Q quarterly report of 2023-08-07 (2023-Q2), source 5 | ||
| Debt cover ratio amended multiple times in 2025-2026 to manage elevated leverage from lower oil prices | 2026-Q1 2026-05-05 25 | |
| Tiberius development execution risk with first oil targeted H2 2028; farm-down to reduce working interest ongoing | 2026-Q1 2026-05-05 26 | |
| Potential liabilities in oil and gas operations not fully covered by insurance policies | 2026-Q1 2026-05-05 25 | |
| Company subject to various legal proceedings related to oil and gas operations. | 2026-Q1 2026-05-05 25 | |
| Geological, drilling and production risks including facility reliability and environmental hazards | 2026-Q1 2026-05-05 25 | |
| U.S. and foreign economies experiencing uncertainty with volatile credit, equity and foreign currency markets including European sovereign debt. | FY2025 2026-03-02 24 | |
= last mention identical with the first mention (same source)
Kosmos Energy Reported KPIs (as disclosed) (547)
The story KPIs of Kosmos Energy that standard databases usually miss, grouped by publication, most recent first, with source number. NadirAlpha methodology
Company-specific KPIs verbatim from the filings (English, as disclosed; not normalised). Balance-sheet and boilerplate items filtered.
| KPI | Value / change | Source |
|---|---|---|
| Kosmos Energy, published 2026-08-03, period 2026-Q2 | ||
| Total sales volume MBoe | 7,005 | 27 |
| Total sales volume Boepd | 76,982 | 27 |
| Total cost per Boe | 42.81 | 27 |
| Revenues per BOE | $86.68 per barrel of oil equivalent | 28 |
| Production expense per BOE | $25.61 per boe | 28 |
| Production cost per Mcfe Mauritania Senegal | 6.98 | 27 |
| Oil sales volume MBbl | 4,571 | 27 |
| Oil and gas production costs per Boe | $25.61 | 28 |
| Net debt | $2,563,445 | 28 |
| Net Production | ~71,400 barrels of oil equivalent per day | 28 |
| NGL sales volume MBbl | 389 | 27 |
| Liquidity | over $500 million | 28 |
| LNG production costs | 65.8 million | 27 |
| LNG production costs | 121.2 million | 27 |
| Gas sales volume MMcf | 12,272 | 27 |
| GTA gross production | ~2.65 million tonnes per annum | 28 |
| GTA LNG cargos lifted | 9 gross LNG cargos | 28 |
| Depletion depreciation amortization per Boe | 17.20 | 27 |
| Debt cover ratio (Facility) | exceeded 2.50x | 27 |
| Average total sales price per Boe | 86.68 | 27 |
| Average total sales price per Boe | 86.68 | 28 |
| Average total oil gas production cost per Boe | 25.61 | 27 |
| Average oil sales price per Bbl | 108.57 | 27 |
| Average oil sales price per Bbl | $108.57 | 28 |
| Average oil production cost per Boe workovers | 0.20 | 27 |
| Average oil production cost per Boe excluding workovers | 25.41 | 27 |
| Average gas sales price per Mcf | 6.81 | 27 |
| Average gas sales price per Mcf | 6.81 | 28 |
| Average NGL sales price per Bbl | 70.34 | 27 |
| Average NGL sales price per Bbl | 70.34 | 28 |
| Kosmos Energy, published 2026-05-05, period 2026-Q1 | ||
| Total debt carrying value | 2,934,126 | 25 |
| RSU outstanding, service vesting | 5,355 | 25 |
| RSU outstanding, market and service vesting | 11,515 | 25 |
| Mauritania/Senegal production average | 69,800 Boepd gross (17,000 Boepd net) | 25 |
| Mauritania/Senegal oil and gas revenue | 52,267 | 25 |
| Gulf of America production average | 16,800 Boepd net | 25 |
| Gulf of America oil and gas revenue | 94,802 | 25 |
| GOA term loan facility borrowings | 196,429 | 25 |
| Ghana production average | 103,300 Boepd gross (35,400 Boepd net) | 25 |
| Ghana oil and gas revenue | 201,264 | 25 |
| Facility undrawn availability | 350,000 | 25 |
| Facility borrowings | 1,000,000 | 25 |
| Equity-based compensation expense | 6,000 | 25 |
| Equatorial Guinea production average | 16,000 Bopd gross (5,600 Bopd net) | 25 |
| Equatorial Guinea oil and gas revenue | 22,395 | 25 |
| Debt securities in decommissioning trust fund | 35,462 | 25 |
| Consolidated Capex | 91,479 | 25 |
| Commodity derivatives long-term liability | (14,915) | 25 |
| Commodity derivatives long-term asset | 0 | 25 |
| Commodity derivatives current liability | (156,243) | 25 |
| Commodity derivatives current asset | 0 | 25 |
| Weighted average interest rate Facility and GoA | approximately 7.6% | 25 |
| Total long-term debt | 2,946,876 | 25 |
| Total long-term debt | 3,100,274 | 25 |
| Shell Trading US customer concentration | 24 | 25 |
| Revenues per boe (excluding derivative impact) | $55.81 | 26 |
| Production expense per boe | $19.66 | 26 |
| Oil production volume | 6,643 MBoe | 25 |
| Oil production volume | 4,445 MBoe | 25 |
| Oil price range Dated Brent Q1 2026 low | $60.98 | 25 |
| Oil price range Dated Brent Q1 2026 high | $127.24 | 25 |
| Oil and gas revenue increase (3M) | $80.6 million | 25 |
| Oil and gas production costs decrease (3M) | $36.7 million | 25 |
| Net debt | 2,778,329 | 25 |
| Net debt | 2,982,530 | 25 |
| Net debt | $2.8 billion | 26 |
| Net Production | ~74,800 barrels of oil equivalent per day | 26 |
| Maintenance capex | Approximately $275 million | 25 |
| Liquidity | approximately $488 million | 26 |
| Interest and other financing costs increase (3M) | $7.0 million | 25 |
| Hypothetical 10% oil price increase earnings impact | decrease of approximately $77.8 million | 25 |
| Hypothetical 10% oil price decrease earnings impact | increase of approximately $74.2 million | 25 |
| GoA Term Loan voluntary prepayment | $53.6 million | 25 |
| GoA Term Loan second tranche | $100.0 million | 25 |
| GoA Term Loan first tranche | $150.0 million | 25 |
| General and administrative expenses increase (3M) | $1.5 million | 25 |
| GTA minimum annual LNG tonnes per annum | approximately 2.45 million tonnes per annum | 25 |
| GTA minimum annual LNG contract quantity | 127,951,000 MMBtu | 25 |
| GTA gross production | ~2.85 million tonnes per annum | 26 |
| GTA Nordic bonds issuance | $350.0 million | 25 |
| Facility floating rate debt | approximately $1.2 billion | 25 |
| Facilities integrity capex | Approximately $15 million | 25 |
| Exploration expenses increase (3M) | $10.1 million | 25 |
| Estimated additional interest expense 10% rate increase | $4.5 million | 25 |
| Equity offering shares issued | 112.1 million | 25 |
| Equity offering net proceeds | approximately $206.4 million | 25 |
| EBITDAX | $188.200 | 26 |
| EBITDAX | $103.478 | 26 |
| EBITDAX | $627.497 | 26 |
| Development programs capex | Approximately $60 million | 25 |
| Derivatives loss | $252.0 million | 25 |
| Derivatives loss | $6.7 million | 25 |
| Depletion, depreciation and amortization decrease (3M) | $0.8 million | 25 |
| Commodity derivative contracts fair value liability | 171,158 | 25 |
| Commodity derivative contracts fair value asset | 50,497 | 25 |
| Cash and cash equivalents | 129,957 | 25 |
| Cash and cash equivalents | 91,518 | 25 |
| Capital expenditures | $91 million | 26 |
| Borrowing base (post-Equatorial Guinea sale) | approximately $1.2 billion | 25 |
| Borrowing base | approximately $1.25 billion | 25 |
| BP plc customer concentration | 14 | 25 |
| Average realized price per barrel | $55.81 | 25 |
| Average realized price per barrel | $65.27 | 25 |
| Average oil sales price per Bbl | $67.29 | 26 |
| Average gas sales price per Mcf | $5.66 | 26 |
| Average NGL sales price per Bbl | $15.51 | 26 |
| Available borrowings plus cash and cash equivalents | 487,917 | 25 |
| Available borrowings plus cash and cash equivalents | 341,518 | 25 |
| Availability under Facility | 350,000 | 25 |
| Availability under Facility | 150,000 | 25 |
| 8.750 senior notes carrying value | 495,713 | 25 |
| 7.750 senior notes carrying value | 99,881 | 25 |
| 7.500 senior notes carrying value | 398,624 | 25 |
| 3.125 convertible senior notes carrying value | 393,479 | 25 |
| 2026 capital budget estimate | around $350 million | 25 |
| 11 250 senior secured bonds carrying value | 350,000 | 25 |
| Kosmos Energy, published 2026-03-02, period FY2025 | ||
| principal balance national oil companies | 355.5 million | 24 |
| impairment long-lived assets | 177.6 million | 24 |
| depletion expense | 517.1 million | 24 |
| decommissioning cash fund | 11.5 million | 24 |
| decommissioning cash fund | 11.5 million | 24 |
| accrued interest national oil companies | 81.6 million | 24 |
| Valuation allowance | -531,696 | 24 |
| United States net operating losses | 107,110 | 24 |
| United States deferred interest expense | 86,253 | 24 |
| Total (MBoe) | 22,414 | 24 |
| Total (Boepd) | 61,408 | 24 |
| Oil (MBbl) | 16,452 | 24 |
| NGL (MBbl) | 582 | 24 |
| Mauritania Senegal total reserves | 64 | 24 |
| Mauritania Senegal net proved reserves | 4 | 24 |
| Mauritania Senegal natural gas reserves | 358 | 24 |
| Jubilee total reserves | 45 | 24 |
| Jubilee net proved reserves | 32 | 24 |
| Jubilee natural gas reserves | 76 | 24 |
| Jubilee gas sales price through May | $2.95 per MMBtu | 24 |
| Jubilee gas sales price amended December | $2.50 per MMBtu through 2040 | 24 |
| Jubilee gas sales price November | approximately $3.00 per MMBtu | 24 |
| Gulf of America total reserves | 17 | 24 |
| Gulf of America net proved reserves | 15 | 24 |
| Gulf of America natural gas reserves | 9 | 24 |
| Greater Tortue Ahmeyim Phase 1 peak production rate December | 3.0 million tonnes per annum | 24 |
| Greater Tortue Ahmeyim Phase 1 nameplate capacity | 2.7 million tons per annum | 24 |
| Greater Tortue Ahmeyim Phase 1 Commercial Operations daily sales volume | 2.45 million tonnes per annum | 24 |
| Gas (MMcf) | 32,280 | 24 |
| Foreign net operating losses | 181,215 | 24 |
| Foreign capitalized operating expenses | 253,612 | 24 |
| Equity compensation | 9,372 | 24 |
| Equatorial Guinea total reserves | 13 | 24 |
| Equatorial Guinea net proved reserves | 12 | 24 |
| Equatorial Guinea natural gas reserves | 6 | 24 |
| Equatorial Guinea corporate tax rate through | 35% | 24 |
| Equatorial Guinea corporate tax rate January 1 | 25% | 24 |
| Average total sales price per Boe | 57.48 | 24 |
| Average oil sales price per Bbl | 66.89 | 24 |
| Average gas sales price per Mcf | 5.28 | 24 |
| Average NGL sales price per Bbl | 29.76 | 24 |
| Asset retirement obligation and other | 65,589 | 24 |
| Kosmos Energy, published 2025-11-04, period 2025-Q3 | ||
| Weighted average interest rate on Facility | 8.2% | 23 |
| Undrawn availability under the Facility | $225.0 million | 23 |
| Sales volumes | 5,515 MBoe | 23 |
| Nine months sales volumes | 16,624 MBoe | 23 |
| Nine months average realized oil and gas price | $59.78 | 23 |
| Debt cover ratio | 2.54x | 23 |
| Borrowings under the Facility | $1.1 billion | 23 |
| Average realized oil and gas price (per barrel equivalent) | $56.39 | 23 |
| Kosmos Energy, published 2025-11-03, period 2025-Q3 | ||
| Oil hedged | 8.5 million barrels | 22 |
| Oil hedged | 2.5 million barrels | 22 |
| Net Production | 65,500 boepd | 22 |
| Net Debt | $2.9 billion | 22 |
| Liquidity | $540 million | 22 |
| Kosmos Energy, published 2025-08-04, period 2025-Q2 | ||
| Total stockholders equity | 1,017,784 | 20 |
| Total sales volumes mboe | 11,109 (USD MBoe) | 20 |
| Total boepd | 61,376 | 20 |
| Total assets | 5,213,006 | 20 |
| Oil and gas production cost per boe | 36.94 | 20 |
| Long-term debt net | 2,600,553 | 20 |
| Facility borrowings | 1,000,000 | 20 |
| Depletion depreciation amortization per boe | 24.48 | 20 |
| Cash and cash equivalents | 51,694 | 20 |
| Average total sales price per boe | 61.46 | 20 |
| Average oil sales price per bbl | 69.26 | 20 |
| Average NGL sales price per Bbl | 20.44 | 20 |
| Average gas sales price per Mcf | 4.75 | 20 |
| Oil production - Jubilee | ~10,000 bopd gross initial production | 21 |
| Net debt | 2,848,275 | 21 |
| Net cash provided by operating activities | 127 | 21 |
| Net Production | ~63,500 barrels of oil equivalent per day | 21 |
| Available liquidity | ~400 | 21 |
| Kosmos Energy, published 2025-05-06, period 2025-Q1 | ||
| Total oil and gas production costs per Boe | 37.64 | 18 |
| Total cost per Boe | 64.78 | 18 |
| Total (MBoe) | 4,445 | 18 |
| Total (Boepd) | 49,393 | 18 |
| Reserve-based lending facility size | $1.35 billion | 19 |
| Realized revenue per Boe | 64.87 | 19 |
| Oil and gas revenue | 290,135 | 19 |
| Oil and gas production, workovers per Boe | 3.08 | 18 |
| Oil and gas production, workovers | 13,681 | 18 |
| Oil and gas production, excluding workovers per Boe | 34.56 | 18 |
| Oil and gas production, excluding workovers | 153,627 | 18 |
| Oil and gas production costs per Boe | 37.64 | 19 |
| Oil (MBbl) | 3,659 | 18 |
| Net Production | ~60,500 boepd | 19 |
| NGL (MBbl) | 91 | 18 |
| Gas (MMcf) | 4,172 | 18 |
| EBITDAX (12-month) | 872,185 | 19 |
| EBITDAX | 103,478 | 19 |
| Depletion, depreciation and amortization per Boe | 27.14 | 18 |
| Depletion, depreciation and amortization | 120,667 | 18 |
| Average total sales price per Boe | 65.27 | 18 |
| Average total sales price per Boe | 65.27 | 19 |
| Average oil sales price per Bbl | 73.90 | 18 |
| Average gas sales price per Mcf | 4.23 | 18 |
| Average NGL sales price per Bbl | 23.09 | 18 |
| Available liquidity | ~$400 million | 19 |
| Kosmos Energy, published 2025-02-24, period FY2024 | ||
| Unproved properties | 386,292 | 17 |
| Total tax benefit | 6,184 | 17 |
| total proved reserves | 251 | 17 |
| total oil and gas properties | 8,728,645 | 17 |
| total derivatives fair value | 11,670 | 17 |
| share based compensation expense | 37,951 | 17 |
| restricted cash requirement | approximately $66.0 million | 17 |
| proved undeveloped reserves oil | 48 | 17 |
| proved undeveloped reserves gas | 677 | 17 |
| proved properties | 8,342,353 | 17 |
| proved developed reserves oil | 74 | 17 |
| proved developed reserves gas | 97 | 17 |
| property and equipment net | 4,444,221 | 17 |
| principal balance due from national oil companies | 280.1 million | 17 |
| other property net | 3,791 | 17 |
| other property | 66,675 | 17 |
| oil sales | 89,694 | 17 |
| oil and gas properties net | 4,440,430 | 17 |
| net tax shortfall | (9,562) | 17 |
| net leverage ratio | 2.54x | 17 |
| joint interest billings net | 33,120 | 17 |
| interest rate derivatives asset | 2,202 | 17 |
| fair value of awards vested | 82,317 | 17 |
| Facility undrawn availability | $450.0 million | 17 |
| facility borrowings outstanding | $900.0 million | 17 |
| Facility borrowings | 900,000 | 17 |
| facility borrowing base | $1.35 billion | 17 |
| decommissioning trust fund debt securities | 10,653 | 17 |
| Commodity derivatives long-term asset | 512 | 17 |
| commodity derivatives asset | 6,714 | 17 |
| accumulated depreciation | (62,884) | 17 |
| accumulated depletion | (4,288,215) | 17 |
| accrued interest on balance due | 56.6 million | 17 |
| Boepd GulfOfAmerica | 15,300 | 17 |
| Boepd Ghana | 120,900 | 17 |
| Boepd EquatorialGuinea | 25,000 | 17 |
| average realized price per Boe | $71.27 | 17 |
| average realized price per Boe | $73.80 | 17 |
| 2025 capital program estimate | $400 million or less | 17 |
| Kosmos Energy, published 2024-11-04, period 2024-Q3 | ||
| US Gulf of Mexico production Q3 Boepd net | 16,900 | 15 |
| total production Boepd | 63,167 | 15 |
| total debt | 2,730,491 | 15 |
| oil production Q3 2024 Boepd | 63,167 | 15 |
| Ghana production Q3 Boepd net | 40,500 | 15 |
| gas production MMcf Q3 | 3,554 | 15 |
| facility | 850,000 | 15 |
| equatorial guinea production q3 boepd net | 8,000 | 15 |
| carrying value total debt | 2,730,491 | 15 |
| Winterfell gross production capacity | ~20,000 boepd | 16 |
| Weighted average interest rate - Facility | 9.3% | 15 |
| Undrawn availability under Facility | 500.0 million | 15 |
| Undrawn Facility availability | 500,000 | 15 |
| Total long-term debt | 2,750,274 | 15 |
| Total long-term debt | $2.8 billion | 16 |
| Tiberius estimated gross resource | approximately 100 million boe | 16 |
| Sales Production | ~63,200 boepd | 16 |
| Revenues | $408 million | 16 |
| Revenue per boe | $70.18 | 16 |
| Production expense per boe | $16.14 | 16 |
| Production expense | $133 million | 16 |
| Prior year oil and gas production volumes | 16,344 MBoe | 15 |
| Prior year average realized price per barrel equivalent | $73.04 | 15 |
| Outstanding debt principal - Facility | 850,000 | 15 |
| Outstanding debt principal - 8.750% Senior Notes | 500,000 | 15 |
| Outstanding debt principal - 7.750% Senior Notes | 350,000 | 15 |
| Outstanding debt principal - 7.500% Senior Notes | 400,274 | 15 |
| Outstanding debt principal - 7.125% Senior Notes | 250,000 | 15 |
| Outstanding debt principal - 3.125% Convertible Senior Notes | 400,000 | 15 |
| Oil sales | 89,975 | 15 |
| Oil and gas production volumes | 17,465 MBoe | 15 |
| Net debt | 2,698,388 | 15 |
| Net debt | $2.7 billion | 16 |
| Net Production | ~65,400 boepd | 16 |
| Long-term debt | 2,750,274 | 15 |
| Joint interest billings | 53,025 | 15 |
| Facility borrowings | 850,000 | 15 |
| Equatorial Guinea production | around 30,000 barrels of oil per day | 16 |
| Cash and cash equivalents | 51,581 | 15 |
| Capital expenditures | $210 million | 16 |
| Borrowings under Facility | 850.0 million | 15 |
| Average realized price per barrel equivalent | $73.16 | 15 |
| Available liquidity | $715 million | 16 |
| 8.750% Senior Notes | 494,866 | 15 |
| 3.125% Convertible Senior Notes | 391,238 | 15 |
| Kosmos Energy, published 2024-08-05, period 2024-Q2 | ||
| Weighted average interest rate - Facility | 9.3% | 13 |
| Total sales volumes Q2 | 5,954 MBoe | 13 |
| Total sales volumes 6M | 11,653 MBoe | 13 |
| Total long-term debt | 2,650,000 | 13 |
| Oil put options volume | 1,000 MBbl | 13 |
| Oil put options floor price | 70.00 | 13 |
| Oil put options ceiling price | 100.00 | 13 |
| oil collar floor price | 45.00 | 13 |
| oil collar contracts weighted average price | 1.15 | 13 |
| oil collar contracts volume | 4,000 MBbl | 13 |
| oil collar ceiling price | 93.12 | 13 |
| net debt | 2,475,882 | 13 |
| Facility borrowings | 750,000 | 13 |
| facility availability | 455,000 | 13 |
| corporate revolver availability | 163,750 | 13 |
| commodity derivative contracts fair value June 30 | $(6,975) | 13 |
| commodity derivative contracts fair value December 31 | $6,765 | 13 |
| cash and equivalents | 173,813 | 13 |
| average realized price per boe q2 | $75.73 | 13 |
| average realized price per boe 6m | $74.66 | 13 |
| U.S. Gulf of Mexico revenue | 76,100 | 13 |
| Total long-term debt | approximately $2.7 billion | 14 |
| Revenues | $451 million | 14 |
| Production expense | $151 million or $25.32 per boe | 14 |
| Net debt | approximately $2.5 billion | 14 |
| Net Production | ~62,100 boepd | 14 |
| Ghana revenue | 334,917 | 13 |
| facility undrawn availability | $455.0 million | 13 |
| facility total commitments | approximately $1.21 billion | 13 |
| facility size and borrowing base capacity | $1.35 billion | 13 |
| Facility borrowings | $750.0 million | 13 |
| FPSO Contract Liability | $200.2 million | 13 |
| Equatorial Guinea revenue | 36,831 | 13 |
| Decommissioning Trust commitment net to Kosmos | approximately $148.9 million | 13 |
| Corporate Revolver undrawn availability | approximately $165 million | 13 |
| Corporate Revolver borrowing capacity | approximately $165 million | 13 |
| Carry Advance Agreements total share | approximately $370.0 million | 13 |
| Carry Advance Agreements incurred through June 30 | $261.8 million | 13 |
| Capital expenditures | $215 million | 14 |
| Available liquidity | approximately $793 million | 14 |
| Kosmos Energy, published 2024-05-07, period 2024-Q1 | ||
| Year-end 2024 exit production enhancement activities | ~5,000 boepd | 12 |
| Year-end 2024 exit production Equatorial Guinea | ~3,000 bopd | 12 |
| Winterfell expected gross production | ~20,000 boepd | 12 |
| U.S. Gulf of Mexico production | 14,500 Boepd net | 11 |
| U.S. Gulf of Mexico production | ~14,500 boepd | 12 |
| Total oil and gas production costs per Boe | 16.42 | 11 |
| Total long-term debt | $2.7 billion | 12 |
| Total cost per Boe | 34.12 | 11 |
| Tiberius estimated gross resource | ~100 million boe | 12 |
| TEN gross production | ~18,600 bopd | 12 |
| Revenues | $419 million | 12 |
| Revenue per boe | $73.52 | 12 |
| RBL facility size | $1.35 billion | 12 |
| RBL current commitments | $1.2 billion | 12 |
| Production expense per boe | $16.42 | 12 |
| Oil sales price per Bbl | 82.23 | 11 |
| Oil sales price per Bbl | $82.23 | 12 |
| Oil and gas production, workovers per Boe | 2.58 | 11 |
| Oil and gas production, excluding workovers per Boe | 13.84 | 11 |
| Net debt | $2.4 billion | 12 |
| Net Production (sales) | ~62,600 boepd | 12 |
| Net Production | ~66,700 barrels of oil equivalent per day | 12 |
| NGL sales price per Bbl | 21.00 | 11 |
| NGL sales price per Bbl | $21.00 | 12 |
| Jubilee gross oil production | ~92,900 bopd | 12 |
| Jubilee gas sales price | ~$3/mmbtu | 12 |
| Jubilee gas production | ~6,100 boepd | 12 |
| Interest expense | 54,769 | 11 |
| Greater Winterfell total gross resource | up to 200 million boe | 12 |
| Greater Tortue Ahmeyim first gas expected | Q3 2024 | 12 |
| Greater Tortue Ahmeyim first LNG expected | Q4 2024 | 12 |
| Ghana production | 128,100 Boepd gross (43,800 Boepd net) | 11 |
| Ghana net production | ~43,800 boepd | 12 |
| Gas sales price per Mcf | 3.49 | 11 |
| Gas sales price per Mcf | $3.49 | 12 |
| Free cash flow | $(42) million | 12 |
| Equatorial Guinea production | 24,400 Bopd gross (8,400 Bopd net) | 11 |
| Equatorial Guinea production | ~24,400 bopd gross and 8,400 bopd net | 12 |
| Depletion, depreciation and amortization per Boe | 17.70 | 11 |
| Cash paid for income taxes | 77,309 | 11 |
| Cash flow from operating activities | $273 million | 12 |
| Capitalized interest | 42,401 | 11 |
| Capital expenditures | $286 million | 12 |
| Average total sales price per Boe | 73.52 | 11 |
| Available liquidity | $954 million | 12 |
| Kosmos Energy, published 2024-02-26, period FY2023 | ||
| Weighted average vesting period | 1.8 years | 9 |
| Weighted average remaining lease term | 5.6 years | 9 |
| Weighted average remaining lease term | 6.5 years | 9 |
| Weighted average discount rate | 9.8 % | 9 |
| Weighted average discount rate | 9.8 % | 9 |
| US NOL carryforwards | 374,800 thousand | 9 |
| Undrawn facility availability | $325.0 million | 9 |
| Undrawn availability facility | 325,000 thousand | 9 |
| Total equity-based comp unvested | 27,800 thousand | 9 |
| Standardized measure discounted future net cash flows | 4,620 | 9 |
| Restricted stock units granted Jan 2024 service | 2,400 thousand | 9 |
| Restricted stock units granted Jan 2024 market service | 3,000 thousand | 9 |
| proved undeveloped reserves oil Dec | 64 MMBbls | 9 |
| proved undeveloped reserves gas Dec | 690 Bcf | 9 |
| proved developed reserves oil Dec | 81 MMBbls | 9 |
| proved developed reserves gas Dec | 106 Bcf | 9 |
| principal balance due from national oil companies | 259,200 thousand | 9 |
| oil derivative volumes 2024 Jan-Dec | 4,000 MBbl | 9 |
| oil derivative floor Jan-Jun | 65.00 per barrel | 9 |
| oil derivative floor Jan-Dec 2024 second | 70.00 per barrel | 9 |
| oil derivative floor Jan-Dec | 45.00 per barrel | 9 |
| oil derivative ceiling Jan-Jun | 85.00 per barrel | 9 |
| oil derivative ceiling Jan-Dec 2024 second | 100.00 per barrel | 9 |
| oil derivative ceiling Jan-Dec | 96.25 per barrel | 9 |
| net derivative contracts position | $6.8 million | 9 |
| net capitalized costs | 4,154 | 9 |
| maintenance Capex | $250-$300 million | 9 |
| LTIP shares available | 18,600 thousand | 9 |
| long-term portion joint interest billing GNPC ten | 28,700 thousand | 9 |
| long-term portion joint interest billing GNPC ten | 17,300 thousand | 9 |
| foreign NOL carryforwards | 48,200 thousand | 9 |
| Facility borrowings | $925.0 million | 9 |
| facility borrowing base | 1,250 million | 9 |
| exploration appraisal Capex | $50-$100 million | 9 |
| expected comp expense next three years | 41,400 thousand | 9 |
| Effective tax rate US | (2) % | 9 |
| Effective tax rate US | 10 % | 9 |
| Effective tax rate US | 2 % | 9 |
| Effective tax rate Ghana | 36 % | 9 |
| Effective tax rate Ghana | 35 % | 9 |
| Effective tax rate Ghana | 35 % | 9 |
| Effective tax rate Equatorial Guinea | 35 % | 9 |
| Effective tax rate Equatorial Guinea | 36 % | 9 |
| Effective tax rate Equatorial Guinea | 35 % | 9 |
| Effective tax rate | 43 % | 9 |
| Effective tax rate | 33 % | 9 |
| Effective tax rate | 79 % | 9 |
| Development Capex Greater Tortue Winterfell | $350-$400 million | 9 |
| Depreciation expense | 3,700 thousand | 9 |
| Depreciation expense | 3,600 thousand | 9 |
| Depreciation expense | 3,900 thousand | 9 |
| Depletion expense | 411,600 thousand | 9 |
| Depletion expense | 471,400 thousand | 9 |
| Depletion expense | 442,300 thousand | 9 |
| Corporate revolver undrawn availability | $250.0 million | 9 |
| borrowing base | $1.25 billion | 9 |
| asset impairments ten fields | 222,300 thousand | 9 |
| asset impairments ten fields | 450,000 thousand | 9 |
| accrued interest on principal | 37,300 thousand | 9 |
| Proved reserves replacement | 23,057 | 9 |
| Boepd production US Gulf of Mexico | 15,400 | 9 |
| Boepd production Ghana | 118,200 | 9 |
| Boepd production Equatorial Guinea | 25,300 | 9 |
| Average realized price per BOE | 73.80 | 9 |
| Kosmos Energy, published 2024-02-26, period 2023-Q4 | ||
| Water injection | ~285,000 bwpd | 10 |
| Total long-term debt | $2.4 billion | 10 |
| Reserve replacement ratio | 104% | 10 |
| Production in US Gulf of Mexico | ~13,900 boepd | 10 |
| Production in Equatorial Guinea | ~24,800 bopd gross | 10 |
| Production at TEN | ~18,500 bopd | 10 |
| Oil production at Jubilee (gross) | ~92,400 bopd | 10 |
| Net sales | ~73,000 boepd | 10 |
| Net debt | $2.3 billion | 10 |
| Net cash provided by operating activities (4Q) | $294 million | 10 |
| Net capital expenditure (4Q) | $281 million | 10 |
| Net Production | ~66,000 boepd | 10 |
| Ghana gas production | ~5,800 boepd | 10 |
| FPSO reliability | ~99% | 10 |
| Available liquidity | ~$0.7 billion | 10 |
| 2P reserves-to-production ratio | over 20 years | 10 |
| 2P reserves | ~520 million boe | 10 |
| 1P reserves | ~280 mmboe | 10 |
| Kosmos Energy, published 2023-11-06, period 2023-Q3 | ||
| Oil derivative coverage Oct-Dec 2023 two-way collars (Mbbls) | 1,250 | 7 |
| Oil derivative coverage Oct-Dec 2023 three-way collars (Mbbls) | 1,500 | 7 |
| Oil derivative coverage 2024 Jan-Jun two-way collars (Mbbls) | 2,000 | 7 |
| Oil derivative coverage 2024 Jan-Dec three-way collars (Mbbls) | 4,000 | 7 |
| Facility undrawn availability Sep | 220,100 | 7 |
| Facility borrowings Sep | 925,000 | 7 |
| Facility borrowing base capacity post-Oct 2023 redetermination | 1,250,000 | 7 |
| Undrawn availability increase | 104.9 million | 7 |
| Total long-term debt | 2,425,000 | 8 |
| Sales volume | ~73,100 boepd | 8 |
| Oil price range Dated Brent first | $71.71 to $97.92 per Bbl | 7 |
| Oil and gas production costs per Boe | 20.63 | 8 |
| Net debt Sep 30 | 2,282,842 | 7 |
| Net debt Dec 31 | 2,083,179 | 7 |
| Net cash provided by operating activities | 249,431 | 8 |
| Net Production | ~68,200 boepd | 8 |
| Facility weighted average interest rate | 9.2% | 7 |
| Facility borrowings | 925.0 million | 7 |
| FPSO Contract Liability | 200.2 million | 7 |
| Cash and cash equivalents Sep 30 | 138,742 | 7 |
| Cash and cash equivalents Dec 31 | 183,405 | 7 |
| Cash and cash equivalents | 138,742 | 8 |
| Carry Advance Agreements total share estimate | 300.0 million | 7 |
| Carry Advance Agreements incurred through Sep 30 | 243.6 million | 7 |
| Borrowing base capacity | 1.25 billion | 7 |
| Average total sales price per Boe | 78.24 | 8 |
| Average oil sales price per Bbl | 85.92 | 8 |
| Average gas sales price per Mcf | 3.23 | 8 |
| Average NGL sales price per Bbl | 15.80 | 8 |
| Available liquidity | ~0.6 billion | 8 |
| Availability under Facility Sep 30 | 220,083 | 7 |
| Availability under Facility Dec 31 | 618,034 | 7 |
| Availability under Corporate Revolver | 250,000 | 7 |
| Kosmos Energy, published 2023-08-07, period 2023-Q2 | ||
| Undrawn availability facility | 370,100 | 5 |
| Undrawn availability corporate revolver | 250,000 | 5 |
| Proved properties net | 4,073,399 | 5 |
| Borrowings facility | 775,000 | 5 |
| Borrowings corporate revolver | 0 | 5 |
| U.S. Gulf of Mexico Production | ~15,900 boepd net | 6 |
| Total long-term debt | $2,412,500 | 6 |
| Realized pricing | $65.40 per boe | 6 |
| Production volumes (Boepd) | 45,234 | 5 |
| Oil and gas production costs per Boe | $15.45 | 5 |
| Net Production | ~58,000 boepd | 6 |
| Jubilee gross production | ~100,000 bopd | 6 |
| Ghana Production | ~33,700 boepd net | 6 |
| Equatorial Guinea Production | ~24,000 bopd gross | 6 |
| EBITDAX | $193,367 | 6 |
| Average total sales price per Boe | $66.38 | 5 |
| Average oil sales price per Bbl | $75.32 | 5 |
| Average gas sales price per Mcf | $1.29 | 5 |
| Available liquidity | ~$0.7 billion | 6 |
| Kosmos Energy, published 2023-05-09, period 2023-Q1 | ||
| U.S. Gulf of Mexico Production | approximately 15,900 boepd net | 4 |
| Total volume sold | 5.501 MMBoe / 61.124 Boepd | 4 |
| Total oil and gas revenue | $394,240 | 4 |
| Total long-term debt | $2.3 billion | 4 |
| TEN gross production | approximately 20,300 bopd | 4 |
| Sales | ~61,100 boepd | 4 |
| Revenues | $394 million | 4 |
| Revenue per boe | $71.67 | 4 |
| Realized revenue per Boe | $70.91 | 4 |
| Production expense per boe | $15.26 | 4 |
| Operating activities cash flow | approximately $204 million | 4 |
| Oil volume sold | 4.945 MMBbl | 4 |
| Oil sales | $388,099 | 4 |
| Net debt | approximately $2.1 billion | 4 |
| Net Production | ~58,800 boepd | 4 |
| NGL volume sold | 0.096 MMBbl | 4 |
| NGL sales | $2,275 | 4 |
| Jubilee gross production | approximately 72,200 bopd | 4 |
| Ghana Production | approximately 33,600 boepd net | 4 |
| Gas volume sold | 2.761 MMcf | 4 |
| Gas sales | $3,866 | 4 |
| Equatorial Guinea Production | approximately 27,200 bopd gross and 9,300 bopd net | 4 |
| Capital expenditures | $206 million | 4 |
| Boepd | 61,124 | 3 |
| Average total sales price per Boe | $71.67 | 4 |
| Average oil sales price per Bbl | $78.48 | 4 |
| Average gas sales price per Mcf | $1.40 | 4 |
| Average NGL sales price per Bbl | $23.70 | 4 |
| Available liquidity | approximately $1.0 billion | 4 |
Kosmos Energy Development
A condensed summary of Kosmos Energy per reporting period as running text: what changed operationally, which drivers management names, how earnings and cash flow developed. NadirAlpha methodology
FY2026: Kosmos Energy
Kosmos Energy posted oil and gas revenue of USD 370.7 million in Q1 2026 and USD 607.3 million in Q2, with the Q2 figure representing a 54% year-on-year increase 27, driven by production ramp-up at the Greater Tortue Ahmeyim LNG project following its Commercial Operations Date in February 2026 and by additional producer wells coming online at Jubilee in Ghana 25. A net loss of USD 225.6 million in Q1, primarily reflecting $252.0 million in derivative losses from oil price hedging 25, gave way to net income of USD 184.8 million in Q2 as revenue rose and production costs fell 27. Kosmos completed the divestiture of its 40.4% interest in the Ceiba Field and Okume Complex in Equatorial Guinea in June 2026 for $127.0 million in cash proceeds 27, contributing to a decline in net debt from USD 2,766.3 million at end-Q1 to USD 2,570 million at end-Q2 28. Kosmos raised its full-year 2026 net debt reduction target to approximately 20% 26 and maintained full-year capital expenditure guidance of $350 million unchanged 28.
FY2025: Kosmos Energy
Kosmos Energy reported full-year oil and gas revenue of USD 1,288.4 million in 2025, down from $1,675.4 million in 2024, as lower average realized oil and gas prices and reduced production at Jubilee and in Equatorial Guinea more than offset volumes from the Greater Tortue Ahmeyim Phase 1 LNG project, which reached Commercial Operations Date in June 2025 24. Kosmos recorded a net loss of USD 699.8 million for the year compared to net income of $189.9 million in 2024, weighed by a $177.6 million proved-property impairment in Gulf of America fields, $142.2 million in Yakaar and Teranga capitalized exploratory costs charged to expense following exploration license developments, and higher net financing costs as interest on GTA Phase 1 ceased to be capitalized after first gas in December 2024 24. Operating cash flow declined to USD 134 million from $678.2 million in 2024, and year-end net debt stood at USD 2,961.2 million 24. Ghana formally approved extensions of the WCTP and DT Petroleum Agreements to 2040 in December 2025, and subsequent debt refinancing transactions including Nordic senior secured bonds addressed near-term maturities as Kosmos repositioned its portfolio 24.
FY2024: Kosmos Energy
Kosmos generated full-year revenue of USD 1,675.4 million in 2024, slightly below the prior-year level as stronger first-half volumes were offset by lower second-half revenues, with oil and gas revenue decreasing from $1,701.6 million in 2023 to $1,675.4 million in 2024 17. Full-year net income was USD 189.9 million and operating cash flow reached USD 678.2 million, with earnings concentrated in the first two quarters before moderating through the second half 11 15 17. The year's defining operational milestone was first gas at the Greater Tortue Ahmeyim Phase 1 LNG project on December 31, 2024, marking Kosmos's entry into LNG production after a multi-year construction program, with first LNG cargo expected in Q1 2025 17. In financing, the company issued $400 million of 3.125% Convertible Senior Notes in March 2024 and $500 million of 8.750% Senior Notes in September 2024, using the latter proceeds to repurchase approximately $500 million of shorter-dated notes 15 17. At year-end, net debt stood at USD 2,659.7 million and a net leverage ratio of 2.54x triggered a restricted cash covenant requiring approximately $66.0 million to be posted by March 31, 2025 17.
FY2023: Kosmos Energy
Kosmos Energy reported full-year 2023 revenue of USD 1,701.6 million, a 24% decline from $2,245 million in 2022 driven primarily by lower commodity prices and reduced production 9. Full-year net income was USD 213.5 million (0.44 per diluted share), modestly below $227 million in 2022 despite the significant revenue decline 9. Operating cash flow for the year was USD 765.2 million and year-end net debt stood at USD 2,295.6 million 9. Kosmos completed the Jubilee Southeast development startup during 2023, repaid its Gulf of Mexico term loan in full, and assumed 90% operating interest in the Yakaar-Teranga discoveries offshore Senegal following BP's withdrawal 9. The Greater Tortue Ahmeyim Phase 1 LNG project was approximately 90% complete at year-end with first gas retargeted for Q3 2024, while Kosmos recorded a $222.3 million impairment charge on the TEN Fields due to reduced development scope and well performance 9.
Glossary
- Revenue: Revenue from contracts with customers, net of sales deductions, as the company itself reports it; not total output, gross revenue, GMV or order intake.
- Net income: Net income attributable to the shareholders of the parent, after discontinued operations; not the result including minority interests, not comprehensive income.
- EPS: Diluted earnings per share attributable to the shareholders of the parent; a printed figure always beats a calculated one, calculated values are marked.
- EPS adj.: Adjusted earnings per share, verbatim and company-defined (non-GAAP).
- FCF: Free cash flow = operating cash flow minus capital expenditure on property, plant and equipment; the company's own free cash flow figure is shown separately.
- OCF: Cash flow from operating activities as reported; IFRS companies may show interest paid in financing cash flow, so the figure is not always comparable.
- Cash: Cash and cash equivalents, without securities unless the company reports them as part of the position.
- Net Debt: Net debt = financial debt excluding lease liabilities minus cash at the same reporting date; the company's own net position may differ.
- *: derived, the formula is in the hover
- ≈: calculated, approximation
- ~: uncertain; the value stays visible, verdicts do not use it
- °: repaired by a targeted query against the document, or curated with documentary evidence
- EBIT: EBIT as a fallback: the income statement carries no operating line
- basic: basic earnings per share as a fallback when diluted is missing
Sources: quarterly reports, annual reports and investor relations documents
49 sources on Kosmos Energy since 2023; the superscript numbers in the chapters refer to these rows, older documents are in the expandable part. NadirAlpha methodology
49 documents · 2016 to 2026 · SEC EDGAR (USA)
Older sources (+21)
| # | Document type | Published |
|---|---|---|
| #201 | 10-K annual report | 2016-05-09 |
| #221 | 10-Q quarterly report | 2016-08-08 |
| #205 | 10-K annual report | 2017-02-27 |
| #202 | 10-Q quarterly report | 2017-05-08 |
| #203 | 10-Q quarterly report | 2017-08-07 |
| #204 | 10-Q quarterly report | 2017-11-06 |
| #209 | 10-K annual report | 2018-02-26 |
| #206 | 10-Q quarterly report | 2018-05-07 |
| #207 | 10-Q quarterly report | 2018-08-06 |
| #208 | 10-Q quarterly report | 2018-11-05 |
| #213 | 10-K annual report | 2019-03-01 |
| #210 | 10-Q quarterly report | 2019-05-06 |
| #211 | 10-Q quarterly report | 2019-08-05 |
| #212 | 10-Q quarterly report | 2019-11-04 |
| #217 | 10-K annual report | 2020-02-25 |
| #214 | 10-Q quarterly report | 2020-05-11 |
| #215 | 10-Q quarterly report | 2020-08-03 |
| #216 | 10-Q quarterly report | 2020-11-09 |
| #218 | 10-Q quarterly report | 2021-05-10 |
| #219 | 10-Q quarterly report | 2021-08-09 |
| #220 | 10-Q quarterly report | 2021-11-08 |
Kosmos Energy Stock FAQ
Is there a management forecast (guidance) for FY2026?
Yes. Management has issued targets for FY2026, including OpEx (GAAP). The guidance tracking chapter shows all targets and checks them against the actuals reported later; neutral, with no estimate of our own.
Which additional key figures does Kosmos Energy report?
As reported for Q2 2026: Net Production, Net debt, Average total sales price per Boe, Average oil sales price per Bbl, Average gas sales price per Mcf, Average NGL sales price per Bbl. The chapter Reported KPIs lists every value with its source. Revenue is broken down by Mauritania/Senegal, Ghana, Equatorial Guinea, Mauritania and Senegal.
Where can I find the official investor relations documents of Kosmos Energy?
NadirAlpha links all 49 original filings used (SEC filings) in the sources chapter: quarterly report, earnings release, annual report, each with type, publication date and a direct link; every figure in the report carries a source number.