earnings
confidence high
sentiment neutral
materiality 0.70
Kosmos Energy reports Q3 net income of $45M; reduces 2025 capex guide to $400M
Kosmos Energy Ltd.
2024-Q3 EPS reported
$0.41
revenue$1,277,797,000
- Diluted EPS $0.09 ($0.08 adjusted); revenue $408M; net production 65,400 boepd.
- Issued $500M of 8.75% senior notes due 2031 to refinance near-term maturities.
- Reduced 2025 capex guidance to ~$400M from ~$550M, prioritizing cash generation and de-levering.
- Q3 capex $210M; expects Q4 capex ~$100M; free cash flow was $(213)M on working capital timing.
- GTA project: first gas expected shortly, first LNG around end of Q4 2024; Winterfell first oil achieved.