earnings
confidence high
sentiment positive
materiality 0.75
Kosmos Energy Q1 adjusted EPS $0.30, production 72.6K boepd, net debt down $330M
Kosmos Energy Ltd.
2022-Q1 EPS reported
$0.00
revenue$659,015,000
- Net income $1M ($0.00 diluted), adjusted net income $142M ($0.30 diluted); revenue $659M.
- Production ~72,600 boepd at top of guidance; free cash flow ~$221M; net debt reduced ~$330M to $2.2B.
- FY2022 capex guidance unchanged at $670M; Greater Tortue LNG ~75% complete.
- Acquired additional 5.5% in Winterfell for ~$10M; post-quarter, 5.9% in Kodiak for ~$21M ($7M deferred).
- Equatorial Guinea license extended to 2040; 2P reserves +~6M boe, NPV10 +~$100M at $75 Brent.