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Kosmos reports Q2 adjusted EPS (19c), consensus (8c)

Reports Q2 revenue $393.52M, consensus $398.34M. Commenting on the company’s second quarter performance, chairman and CEO Andrew Inglis said: “We set out this year with three clear priorities: Increase production, reduce costs and enhance the resilience of the balance sheet. During the period we have continued to make good progress across all three areas. On production, the GTA ramp up has gone well, achieving FLNG “Commercial Operations Date” in the second quarter, and 6.5 gross LNG cargos lifted year-to-date. We are approaching Kosmos (KOS)’ record high production levels with further near-term growth expected as we push GTA towards the FLNG’s 2.7 mtpa nameplate capacity and bring on more wells at Jubilee and Winterfell.”

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