earnings
confidence high
sentiment positive
materiality 0.75
Kosmos Energy Q2 2022 net income $117M, adj EPS $0.28; production 62,200 boepd
Kosmos Energy Ltd.
2022-Q2 EPS reported
$0.25
revenue$1,279,383,000
- Net income $117M ($0.25 diluted); adjusted net income $132M ($0.28 diluted).
- Revenue $620M; production 62,200 boepd; generated free cash flow $67M in Q2, ~$290M in 1H.
- Capex guidance raised to ~$700M for FY2022 due to inflationary pressures.
- Wrote off $64.2M of previously capitalized costs for BirAllah/Orca discoveries in Mauritania.
- Phase 1 of Greater Tortue Ahmeyim LNG over 80% complete; first gas target Q3 2023.