Kosmos Energy Ltd

KOS

Equity

ISIN US5006881065 / Valor 45558112

New York Stock Exchange, Inc (2024-12-26)

USD 3.13+0.97%

Kosmos Energy Ltd
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Kosmos Energy Ltd is a deepwater exploration and production company with assets in offshore Ghana, Equatorial Guinea, the U.S. Gulf of Mexico, Mauritania, and Senegal. The company focuses on increasing production and growing cash flow through various strategies such as lift optimizations, well re-completions, and drilling activities. Kosmos emphasizes infrastructure-led and play-extending exploration in proven basins to tie back discoveries to existing production facilities more quickly and at a lower cost.

Summarized from source with an LLMView SourceSector: Energy

Net Income

Kosmos Energy Ltd. reported a net income of $60 million for the second quarter of 2024, translating to $0.12 per diluted share. When adjusted for certain items, the adjusted net income was $80 million, or $0.17 per diluted share.

Revenue

For the second quarter of 2024, Kosmos Energy Ltd. generated revenues of $451 million. This equates to $75.73 per barrel of oil equivalent (boe), excluding the impact of derivative cash settlements.

Production

Kosmos Energy Ltd.'s total net production for the second quarter of 2024 averaged approximately 62,100 barrels of oil equivalent per day (boepd), marking a 7% increase year over year. The company achieved sales of approximately 65,400 boepd during the quarter.

Capital Expenditures

In the second quarter of 2024, Kosmos Energy Ltd. reported capital expenditures of $215 million. This figure was below the company's guidance range, primarily due to the timing of capital expenditures accruals related to the Greater Tortue Ahmeyim (GTA) project in Mauritania and Senegal.

Debt and Liquidity

Kosmos Energy Ltd. exited the second quarter of 2024 with approximately $2.7 billion in total long-term debt and around $2.5 billion in net debt. The company had available liquidity of approximately $793 million at the end of the quarter.

Summarized from source with an LLMView Source

Key figures

-55.5%1Y

-10.3%3Y

-44.1%5Y

Performance

53.1%1Y

58.6%3Y

93.7%5Y

Volatility