earnings
confidence high
sentiment negative
materiality 0.80
Kosmos Energy Q4 net loss $7M; production below guidance; 2025 capex cut 50%+
Kosmos Energy Ltd.
2024-FY EPS reported
$0.40
revenue$1,675,358,000
- Net loss $7M ($0.01/diluted share), adjusted net loss $16M ($0.03/share) for Q4 2024.
- Revenue $398M; net production 66,800 boepd, below guidance due to Jubilee and startup timing.
- GTA LNG achieved first gas in Dec 2024 and first LNG in Feb 2025; first cargo expected this quarter.
- 2025 capex guided at $400M or below, more than 50% reduction; targeting $25M overhead cuts by year-end.
- 2P reserves ~530 mmboe (137% replacement ratio); $28M exploration write-off for sub-commercial Akeng Deep.