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Kosmos Energy Ltd. (KOS)
NYSE:KOS
Earnings Data
Report Date
May 12, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.03Last Year’s EPS
-0.22Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mix of operational progress and clear plans to lower costs and deleverage—Jubilee and GTA have shown strong early-2026 momentum, reserves and high-return drilling economics remain attractive, and management has taken proactive financing actions (Nordic bond, hedges, Equatorial Guinea sale). However, 2025 underperformance left net debt higher than planned, required covenant relief on the RBL, and triggered an impairment at Winterfell. The company's 2026 objectives are credible but execution-linked: if drilling, ramp-up, and asset-sale milestones are met, the outlook is constructive; if not, financial pressure could persist. Overall, positives and negatives are roughly balanced, leaving the tone cautiously constructive but still dependent on delivery.Company Guidance
Safe Operations and Strong Reserve Replacement
No lost-time or recordable injuries in 2025; 1P reserve replacement ~90% (~120% excluding assets sold in Equatorial Guinea), supporting a 1P reserve-to-production life of ~10 years and 2P reserve base ~500 MMboe (~20-year life).
Jubilee Production Ramp and High-Return Wells
Jubilee production exceeded 70,000 barrels of oil per day (bbl/d) gross year-to-date; J-74 producer well contributing ~13,000 bbl/d gross; five additional Jubilee wells planned in 2026 with typical well paybacks ~9 months (last two closer to ~6 months).
Ghana License Extensions and TEN FPSO Purchase
Ghana licenses extended to 2040 (TEN included), enabling long-term investment; signed SPA to acquire TEN FPSO at lease-end (early 2027) expected to materially reduce OpEx from 2026 onward and lower breakeven for TEN.
GTA (Tortue) Strong Ramp and Volume Targets
GTA FLNG produced at nameplate 2.7 mtpa in December and averaged ~2.9 mtpa year-to-date; 6.5 gross LNG cargoes shipped YTD 2026; 2026 target of 32–36 gross LNG cargoes and ~3 gross condensate cargoes.
Material OpEx and CapEx Reductions Targeted
CapEx in 2025 reduced to $290 million (nearly 70% YoY reduction and lowest since 2017); 2026 CapEx targeted ~ $350 million (includes $40 million TEN FPSO purchase); targeting >$100 million net OpEx reduction in 2026 (rises to ~ $250 million pro forma excluding Equatorial Guinea).
Balance Sheet Actions and Hedging
Completed $350 million Nordic bond in January (uses: $250 million repay 2027 notes, $100 million repay RBL); announced sale of producing assets in Equatorial Guinea to enhance liquidity and accelerate debt paydown; hedges in place of 8.5 million barrels for 2026 and 2.0 million barrels for 2027.
Clear 2026 Targets for Delivery
2026 targets: 15% production growth YoY, 20% reduction in total operating costs, ~35% reduction in OpEx per barrel, and at least 10% net debt reduction—showing a focused plan across production, costs, and leverage.
Progress on Growth Projects and Partnerships
Advancing Gulf of America opportunities (Tiberias FID expected in 2026 with plans to farm down post-FID) and a strategic alliance with Shell on the Norfolk trend (Trailblazer prospect targeting >200 MMboe with drilling planned 2027).
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 |
|---|---|---|---|
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% |
May 06, 2025 | $1.59 | $1.54 | -3.14% |
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 May 12, 2026, Before Open (Confirmed).
What is Kosmos Energy Ltd. (KOS) earnings time?
Kosmos Energy Ltd. (KOS) earnings time is at May 12, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KOS EPS forecast?
KOS EPS forecast for the fiscal quarter 2026 (Q1) is 0.03.