earnings
confidence high
sentiment neutral
materiality 0.80
Kosmos Energy Q2 net income $60M, adj. EPS $0.17; production 62.1k boepd (+7% YoY)
Kosmos Energy Ltd.
2024-Q2 EPS reported
$0.32
revenue$870,003,000
- Net income $60M ($0.12 diluted EPS); adjusted net income $80M ($0.17 diluted EPS).
- Production averaged 62,100 boepd (+7% YoY); revenue $451M ($75.73/boe).
- Capital expenditures $215M; net debt $2.5B; liquidity $793M; free cash flow -$15M.
- GTA FPSO moored, first gas expected Q4 2024; Winterfell first oil in early July; Tiberius FID expected later 2024.
- Ghana Jubilee production slower than expected; full-year gross production guidance ~90,000 bopd.