Kosmos Energy Q1 net income $83M; expects Jubilee production to rise 50%+ to >110k bopd

Kosmos Energy Ltd.

2023-Q1 EPS reported $0.17 revenue$394,240,000

Net income $83M ($0.17 diluted EPS); adjusted net income $78M ($0.16).
Revenue $394M, net production ~58,800 boepd; cap-ex $206M in line with guidance.
Jubilee production expected to rise >50% to >110,000 bopd by end-2023 with new wells.
Tortue Phase 1 first gas target end-2023; Phase 2 concept selected (gravity-based structure).
Net debt ~$2.1B, available liquidity ~$1.0B.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Kosmos Energy Ltd. reported first quarter of 2023 results: revenue $394 million, net income $83 million, EPS $0.17 per diluted share.

Period: first quarter of 2023
Revenue: $394 million
Net income: $83 million
EPS: $0.17 per diluted share
Result: reported results

Exact text from the filing

Kosmos Energy Ltd. (“Kosmos” or the “Company”) (NYSE/LSE: KOS) announced today its financial and operating results for the first quarter of 2023. For the quarter, the Company generated a net income of $83 million, or $0.17 per diluted share. When adjusted for certain items that impact the comparability of results, the Company generated an adjusted net income (1) of $78 million, or $0.16 per diluted share for the first quarter of 2023. FIRST QUARTER 2023 HIGHLIGHTS • Net Production (2) : ~58,800 barrels of oil equivalent per day (boepd), with sales of ~61,100 boepd • Revenues: $394 million, or $71.67 per boe (excluding the impact of derivative cash settlements) • Production expense: $84 million, or $15.26 per boe • Capital expenditures: $206 million

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Source: SEC EDGAR

accession 0001509991-23-000041

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