KOS Research | Milton Maxwell

KOS

Kosmos Energy Ltd.

0.9685

-0.0315-3.15%

Dec 16, 4:00:33 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

FY Q4 '25

3/1/26Mar 1, 2026

Key Stats

Market Cap

463.26M

P/E (TTM)

Basic EPS (TTM)

-0.70

Dividend Yield

Recent Filings

8-K

Kosmos closes $112M share offering

3/12/26Mar 12, 2026

Kosmos Energy launched a public offering of 97.5 million common shares on March 10, 2026, with underwriters Barclays and Stifel; they exercised the full 14.6 million share option the next day. The deal closed March 12. Offering bolsters liquidity. No proceeds or use disclosed.

8-K

Q4 loss on impairments, growth ahead

3/2/26Mar 2, 2026

Kosmos Energy posted Q4 2025 net loss of $377M due to $178M Gulf impairments and $144M suspended well write-offs, yet adjusted net loss narrowed to $78M amid $295M revenues and 67,900 boepd production, up 4% QoQ. Jubilee hit over 70,000 bopd gross post new well; GTA ramped to 2.9 mtpa YTD. Announced $220M Equatorial Guinea sale, $350M bond raise, targeting 15% production growth and 10% debt cut in 2026.

10-K

FY2025 results

3/2/26Mar 2, 2026

Kosmos Energy posted FY2025 revenue of $1.29B from 22.4 MMBoe sales (61k Boepd), down 23% y/y from $1.68B on 23.5 MMBoe amid lower Brent prices ($66.89/Bbl realized vs $71.27) and Jubilee/EG declines, yet GTA LNG ramped to 2.9 MMBoe in Q4 (58k Boepd gross) hitting nameplate in December. Production costs jumped to $31.63/Boe (derived) on GTA ramp-up expenses ($238M), while DD&A rose 22% to $24.84/Boe; Gulf proved impairments hit $178M from Winterfell woes. Q4 GTA acceleration offset Ghana/EG drops, sustaining cash flow amid $342M liquidity. Debt covenants eased to 4.5x through mid-2026. Offshore hurricanes threaten Gulf output.

8-K

Sells EG assets for $180M+

2/25/26Feb 25, 2026

Kosmos Energy agreed to sell its 40.375% stake in Equatorial Guinea's Ceiba Field and Okume Complex to Panoro Energy for $180M upfront cash plus up to $39.5M contingent payments tied to production and oil prices. Effective January 1, 2025, the deal—approved by Equatorial Guinea but pending CEMAC nod—closes mid-2026, boosting liquidity to cut RBL debt while saving ~$100M in capex and G&A over two years post-close. Non-core assets out.

8-K

Kosmos tenders $182M notes

1/29/26Jan 29, 2026

Kosmos Energy announced early tender results for its cash offer targeting up to $250M of 7.750% Senior Notes due 2027, securing $182.5M tendered at $990 per $1,000 principal. All tendered notes accepted for purchase upon escrow release, eyed for February 3, 2026. Strong uptake trims debt load.

About

Kosmos Energy Ltd., a deep-water exploration and production company, engages in the exploration, development, and production of oil and natural gas properties. The company has oil and gas production projects located in offshore Ghana, Equatorial Guinea, Mauritania, Senegal, and the Gulf of America. Kosmos Energy Ltd. was founded in 2003 and is headquartered in Dallas, Texas.

CEO

Mr. Andrew G. Inglis

IPO

5/11/2011

Website

https://www.kosmosenergy.com

Employees

243

Sector

Energy

Industry

Oil & Gas E&P