earnings
confidence high
sentiment neutral
materiality 0.75
Kosmos Energy Q4 net loss $114M; adjusted net income $111M; full-year production up 17%
Kosmos Energy Ltd.
2022-FY EPS reported
$0.48
revenue$2,245,355,000
- Q4 net loss $114M ($0.24/diluted share); adjusted net income $111M ($0.23/diluted share).
- Q4 revenue $510M; full-year free cash flow $343M; net debt ~$2.1B, leverage <1.5x.
- Full-year net production 63,600 boepd (+17% YoY); Q4 production 58,700 boepd.
- Impairment of ~$450M against TEN fields in Ghana; 2P reserves ~550 mmboe.
- Greater Tortue Phase 1 ~90% complete; first gas targeted Q4 2023; 2023 capex $700-750M.