Kosmos Energy Ltd ( (KOS) ) has released its Q1 earnings. Here is a breakdown of the information Kosmos Energy Ltd presented to its investors.
Kosmos Energy Ltd. is a deepwater exploration and production company operating in the oil and gas sector, with assets in Ghana, Equatorial Guinea, Mauritania, Senegal, and the Gulf of America. The company is listed on the NYSE and LSE under the ticker symbol KOS.
In the first quarter of 2025, Kosmos Energy reported a net loss of $111 million, or $0.23 per diluted share, with an adjusted net loss of $105 million. The company’s revenue for the quarter was $290 million, driven by net production of approximately 60,500 barrels of oil equivalent per day.
Key highlights from the quarter include the commencement of exports from the Greater Tortue Ahmeyim (GTA) liquefied natural gas project offshore Mauritania and Senegal, and the completion of a 4D seismic survey over Jubilee and TEN fields in Ghana. Kosmos also maintained its reserve-based lending facility size at $1.35 billion and continued its focus on reducing capital expenditures and overhead costs.
Despite the challenging macroeconomic environment, Kosmos Energy remains committed to generating free cash flow and controlling costs. The company is optimistic about its long-term prospects, supported by a robust portfolio of high-quality assets and a reserves-to-production ratio exceeding 20 years.
Looking ahead, Kosmos Energy aims to enhance production levels and further optimize its operations, with a focus on cash generation, cost control, and debt reduction. The company anticipates a gradual ramp-up in production from the GTA project and continued progress in its exploration and development activities.