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Kosmos reports Q1 adjusted EPS (22c), consensus (1c)

Reports Q1 revenue $290.43M vs. $419.14M last year. Commenting on the company’s first quarter performance, chairman and CEO Andrew Inglis said: “While the macro backdrop continues to be volatile, Kosmos (KOS)’ priorities announced with our full year 2024 results in February remain unchanged – the delivery of free cash flow from increasing production and a rigorous focus on costs. We are seeing evidence of this with a material reduction in year-on-year capex in the first quarter and production starting to rise in the second quarter after heavy scheduled 1Q maintenance.”

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