Welcome to our dedicated page for Kosmos Energy Ltd. news (Ticker: KOS), a resource for investors and traders seeking the latest updates and insights on Kosmos Energy Ltd. stock.
Kosmos Energy Ltd. (NYSE: KOS) is a pioneering independent oil and gas exploration and production company focused on frontier and emerging areas along the Atlantic Margin. Established in 2003, Kosmos Energy has dedicated itself to creating value for stakeholders, including investors, employees, and the communities in which it operates. The company’s core assets include established production sites and significant development projects offshore Ghana, as well as groundbreaking discoveries offshore Mauritania and Senegal.
Kosmos Energy’s portfolio showcases a range of exploration licenses with substantial hydrocarbon potential in offshore regions such as Mauritania, Morocco, Senegal, Suriname, and Western Sahara. The company's success is underpinned by a rigorous geologically based approach to exploration, which entails comprehensive geologic studies, basin modeling, and advanced 3D seismic analysis to identify promising petroleum systems.
The company is committed to ethical practices, transparency, and corporate responsibility. Kosmos Energy’s business principles highlight its dedication to human rights, safety, and environmental stewardship. This ethos ensures that the company not only excels in subsurface operations but also maintains a strong, positive impact above ground.
Recent achievements for Kosmos Energy include accelerated production field developments and the identification of numerous prospective traps through meticulous subsurface and country-specific analyses. These efforts ensure that the company remains at the forefront of the industry, driving growth and innovation in oil and gas exploration and production.
Stay updated with the latest news and developments from Kosmos Energy Ltd., which continually strives to uphold its values of transparency, ethical conduct, and corporate responsibility while delivering substantial value to all its stakeholders.
Kosmos Energy has appointed three new directors to its Board effective April 25, 2023. The new members are Maria Moræus Hanssen, Sir John Grant, and J. Mike Stice, each bringing extensive expertise in international operations and LNG. Sir Richard Dearlove will not seek re-election after serving since 2012. Moræus Hanssen has over 30 years in upstream energy, while Grant has significant government relations experience. Stice has a 40-year career in the gas industry, including roles at Conoco. The leadership change aims to strengthen the company's strategy amidst a complex energy landscape.
Kosmos Energy (NYSE: KOS) has announced its schedule for the first quarter 2023 results. The earnings release will occur on
A conference call is set for the same day at
Kosmos Energy Ltd. (NYSE: KOS) reported a fourth-quarter 2022 net loss of $114 million, equating to $0.24 per diluted share, while adjusted net income was $111 million, or $0.23 per share. The company achieved a net production of ~58,700 boepd, with annual production growth of 17%, reaching ~63,600 boepd. Revenues for the quarter totaled $510 million, with capital expenditures at $228 million. Free cash flow was approximately $23 million for Q4, totaling ~$343 million for the year. Kosmos anticipates increased production as major projects come online in 2023, fostering expected free cash flow growth into 2024.
Kosmos Energy (NYSE: KOS) has announced its fourth quarter 2022 results, scheduled for February 27, 2023. The earnings release will be available pre-market via Business Wire, the Regulatory News Service, and the company's website. Additionally, a conference call will take place on the same day at 11:00 a.m. EST, accessible via telephone and webcast.
Investors can dial in using the toll-free number 1-877-407-0784. A replay of the conference call will be available at investors.kosmosenergy.com for approximately 90 days.
Kosmos Energy (NYSE: KOS) announced the departure of the floating production, storage and offloading vessel (FPSO) for the Greater Tortue Ahmeyim (GTA) liquefied natural gas project from a shipyard in China. The vessel's journey spans approximately 12,000 nautical miles, with an estimated arrival in the project's site near the maritime border of Mauritania and Senegal in the second quarter of 2023. The project was about 90% complete by the end of 2022, marking a significant milestone for Kosmos. The CEO, Andrew G. Inglis, anticipates an active year ahead with several key achievements for the project and the company.
Kosmos Energy Ltd. (KOS) reported a net income of $222 million for Q3 2022, equating to $0.47 per diluted share. Adjusted net income was $90 million ($0.19 per diluted share). Net production averaged ~60,900 boepd, a 20% increase from Q3 2021. Revenue reached $456 million with capital expenditures of $203 million. Free cash flow was approximately $32 million for the quarter, totaling $320 million for nine months. Phase One of the Greater Tortue Ahmeyim LNG project is 85% complete, with continued debt repayment reducing net leverage to ~1.5x. Further production growth is anticipated by 2024.
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