Kosmos Energy Q1 2024 net income $92M, adjusted EPS $0.21; production up 13% YoY

Kosmos Energy Ltd.

2024-Q1 EPS reported $0.19 revenue$419,103,000

Net income of $92M ($0.19 diluted EPS); adjusted net income $99M ($0.21 adjusted EPS).
Revenue $419M; net production ~66,700 boepd (+13% YoY); lifted 3 cargos from Ghana.
Capital expenditures $286M in Q1; full-year capex weighted to H1.
Completed convertible bond offering and refinanced RBL facility, maturity extended to end-2029.
Winterfell first phase (20k boepd gross) expected online shortly; Tortue FLNG arrived on location.

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 the first quarter of 2024 results: revenue $419 million, net income $92 million, EPS $0.19 per diluted share.

Period: the first quarter of 2024
Revenue: $419 million
Net income: $92 million
EPS: $0.19 per diluted share
Result: reported results

Exact text from the filing

KOSMOS ENERGY ANNOUNCES FIRST QUARTER 2024 RESULTS DALLAS--(BUSINESS WIRE)—May 7, 2024-- Kosmos Energy Ltd. (“Kosmos” or the “Company”) (NYSE/LSE: KOS) announced today its financial and operating results for the first quarter of 2024. For the quarter, the Company generated a net income of $92 million, or $0.19 per diluted share. When adjusted for certain items that impact the comparability of results, the Company generated an adjusted net income (1) of $99 million, or $0.21 per diluted share for the first quarter of 2024. FIRST QUARTER 2024 HIGHLIGHTS • Net Production (2) : ~66,700 barrels of oil equivalent per day (boepd), representing ~13% growth year over year, with sales of ~62,600 boepd • Revenues: $419 million, or $73.52 per boe (excluding the impact of derivative cash settlements) • Production expense: $94 million, or $16.42 per boe • Capital expenditures: $286 million • Successfully completed convertible bond issuance, enhancing liquidity and paying down higher interest floatin

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Source: SEC EDGAR

accession 0001509991-24-000038

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