earnings
confidence high
sentiment positive
materiality 0.80
Kosmos Energy Q4 2023 adj EPS $0.31, revenue $508M, 2024 capex $700-750M
Kosmos Energy Ltd.
2023-FY EPS reported
$0.44
revenue$1,701,608,000
- Q4 net income $22M ($0.04 diluted); adjusted net income $149M ($0.31 diluted).
- Q4 revenue $508M ($75.64/boe); production ~66,000 boepd (+12% YoY).
- Full-year 2024 capex guided $700-750M, weighted to H1; Q4 free cash flow -$27M.
- Impairment at TEN $222.3M, fully impairing its book value; 1P reserves 280 mmboe (104% replacement).
- Tortue FLNG arrived on site; first gas expected Q3 2024, first LNG Q4 2024; subsea contractor arbitration up to $160M.