earnings
confidence high
sentiment positive
materiality 0.75
Kosmos Q3 net income $222M ($0.47 EPS), adjusted $90M ($0.19); production up 20% YoY to 60.9k boepd
Kosmos Energy Ltd.
2022-Q3 EPS reported
$0.72
revenue$1,735,439,000
- Net production 60,900 boepd (+20% YoY); sales 50,900 boepd; revenues $456M.
- Free cash flow $32M in Q3, ~$320M YTD; net debt $2.1B; net leverage reduced to ~1.5x ahead of target.
- Ghana production 36,900 bopd net; Jubilee Southeast >50% complete, first well started, first oil mid-2023.
- Greater Tortue Phase 1 ~85% complete; FPSO sailaway expected around year-end; first LNG target year-end 2023.
- Winterfell interest increased to ~25%; development plan signed; first oil target Q1 2024.