earnings
confidence high
sentiment positive
materiality 0.80
Kosmos Energy Q4 net income $99M; record quarterly sales and EBITDAX; 1P reserves doubled to 300mmboe
Kosmos Energy Ltd.
2021-FY EPS reported
-$0.19
revenue$1,332,013,000
- Net income $99M ($0.22 diluted EPS); adjusted net income $61M ($0.13 diluted EPS).
- Revenue $573M; net production 70k boepd, sales 81.9k boepd; free cash flow ~$136M.
- Completed ~$550M acquisition of additional Ghana interests funded via $540M equity/bond offering.
- Record year-end 1P reserves ~300mmboe (more than double 2020); 2P reserves ~580mmboe.
- 2022 capex budget ~$700M; Tortue LNG project ~70% complete; first oil from Winterfell targeted mid-2022.