Kosmos Energy Ltd. (KOS)
NYSE:KOS
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Earnings Data
Report Date
Aug 10, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.09Last Year’s EPS
-0.19Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational momentum and financial progress — record production (+25% YoY), sizable OpEx reductions (OpEx per BOE down ~47% YoY and absolute OpEx down ~22% YoY), active deleveraging (net debt down ~7% YTD, liquidity ~$500m, equity raise ~$200m) and key strategic milestones (GTA outperformance, Phase‑1 expansion progress, Tiberius FID). Near‑term headwinds include pricing timing lags that delay benefits into Q2–Q3, a large non‑cash derivative mark‑to‑market loss that affected reported tax, and a Gulf of America well shut‑in pushing full‑year GOM production toward the low end of guidance. On balance the positives (production, cost cuts, strengthening liquidity, project FIDs and financings) substantially outweigh the negatives, leaving the company positioned to capture near‑term price upside and continue deleveraging while advancing growth projects.Company Guidance
Record Quarterly Production
Company delivered record quarterly production of ~75,000 BOE/d, representing ~25% year‑over‑year growth driven by GTA ramp‑up and new Jubilee wells.
Jubilee Drilling Success and Near‑Term Uplift
Gross Jubilee production ~70,000 bbl/d in 1Q. Two wells (J74, J75) online and three additional producer wells logged that are expected to add ~20,000 bbl/d gross aggregate (mid‑year) supporting the upper end of the 70k–80k bbl/d guidance; wells have ~6‑month payback in mid‑cycle prices (shorter in current environment).
GTA Outperformance and Expansion Progress
GTA produced ~2.85 mtpa equivalent gross in 1Q (exceeding 2.7 mtpa nameplate). 9.5 gross LNG cargos lifted in the quarter (in line with guidance) and full‑year gross cargo guidance unchanged at 32–36 cargos. Phase‑1 expansion work progressing (50% onshore land cleared, pipeline shipments expected mid‑year) with West African Development Bank arranging ~$270m financing (first tranche ~$90m).
Material Operating Cost Reductions
OpEx just under $20/BOE and down ~47% year‑over‑year; company reports absolute operating costs down ~22% year‑over‑year and expects to meet/exceed a targeted 20% operating cost reduction for 2026, projecting an aggregate ~35% reduction in operating cost per BOE year‑over‑year.
Strong Balance Sheet Actions and Liquidity
Completed financing actions: $350m Nordic bond, repurchase of $250m 2027 notes, $100m bank paydown, and ~$200m equity raise. Exited quarter with ~ $500m liquidity, reduced net debt ~7% from year‑end 2025, and banks approved RBL covenant waiver through mid‑year.
Accelerated Deleveraging Targets
Company doubled its debt reduction target from 10% to ~20% by year‑end 2026 (with aim to reduce net debt below $2bn milestone) and reiterated a normalized leverage objective of ~1.5x in a normalized oil price environment.
Tiberius FID and Gulf Growth Optionality
Final Investment Decision taken on Kosmos‑operated Tiberius (50/50 with Oxy); initial development cost ~ $10/boe and operating/transport ~ $20/boe for first phase. First oil expected H2 2028; farm‑out process underway to reduce working interest toward ~1/3. Target resource ~200 million boe gross.
Hedging and Rating Momentum
Management is actively re‑shaping hedges (targeting 2027 hedges with higher floors/ceilings). Fitch upgraded corporate rating to B‑ reflecting 2026 progress.
KOS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
KOS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2026 | $3.27 | $3.12 | -4.59% |
Mar 02, 2026 | $2.33 | $2.40 | +3.00% |
Nov 03, 2025 | $1.57 | $1.48 | -5.73% |
Aug 04, 2025 | $1.95 | $1.90 | -2.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Kosmos Energy Ltd. (KOS) report earnings?
Kosmos Energy Ltd. (KOS) is schdueled to report earning on Aug 10, 2026, Before Open (Confirmed).
What is Kosmos Energy Ltd. (KOS) earnings time?
Kosmos Energy Ltd. (KOS) earnings time is at Aug 10, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is KOS EPS forecast?
KOS EPS forecast for the fiscal quarter 2026 (Q2) is 0.09.