secwatch.observer — SEC 8-K summary
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Issuer:     Kosmos Energy Ltd. (KOS)
CIK:        0001509991
Form:       8-K
Filed at:   2024-11-04T23:59:59+00:00
Accession:  0001509991-24-000085
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kosmos Energy reports Q3 net income of $45M; reduces 2025 capex guide to $400M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1509991/000150999124000085/0001509991-24-000085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1509991/000150999124000085/kos-20241104.htm
  HTML page:      https://secwatch.observer/filing/0001509991-24-000085

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