Kosmos Energy Ltd Stock Price, News & Analysis

Kosmos Energy (NYSE/LSE: KOS) has announced the successful loading of the first liquefied natural gas (LNG) cargo from the Greater Tortue Ahmeyim (GTA) project, located offshore Mauritania and Senegal. The inaugural shipment, comprising approximately 174,000 cubic meters of LNG, was transferred to the 'British Sponsor' LNG carrier from Golar LNG's floating vessel stationed 10 kilometers offshore.

This milestone follows the project's first gas production in late 2024 and initial LNG production in February. A second LNG carrier is already positioned near the hub terminal for the next cargo lifting. The floating LNG vessel has a nameplate capacity of 2.7 million tonnes per annum. This achievement marks the beginning of revenue recognition for Kosmos and its partners, while establishing Mauritania and Senegal as gas-exporting nations.

Kosmos Energy (NYSE/LSE: KOS) has scheduled its first quarter 2025 financial results announcement for Tuesday, May 6, 2025. The earnings release will be published before the UK market opens through Business Wire, Regulatory News Service, and the company's website.

The company will host a conference call at 11:00 a.m. ET on the same day, accessible via telephone and webcast. Investors can join through toll-free numbers in the US (1-877-407-0784) and UK (0800 756 3429), or internationally at 1-201-689-8560. A webcast replay will remain available on the investor relations website for approximately 90 days after the event.

Kosmos Energy (NYSE/LSE: KOS) reported Q4 2024 financial results with a net loss of $7 million ($0.01 per share). Adjusted net loss was $16 million ($0.03 per share). Key metrics include net production of ~66,800 boepd, revenues of $398 million, and capital expenditures of $117 million.

The company achieved significant milestones including first gas production at the GTA LNG project in December 2024 and first LNG production in February 2025. Year-end 2024 2P reserves reached ~528 million barrels of oil equivalent, representing a 137% reserve replacement ratio and a 22-year reserves-to-production ratio.

Financial position shows total long-term debt of $2.8 billion with available liquidity of $535 million. The company plans to reduce 2025 capital expenditure to $400 million, more than 50% lower than the previous year, and targets annual overhead reduction of around $25 million by year-end 2025.

Kosmos Energy (NYSE/LSE: KOS) has achieved first liquified natural gas (LNG) production at the bp-operated Greater Tortue Ahmeyim (GTA) LNG project, located offshore Mauritania & Senegal. The milestone was reached on December 31, 2024, when gas began flowing from wells to the floating production storage and offloading (FPSO) vessel.

The gas undergoes processing at the FPSO to remove condensate, water, and impurities before being delivered to the floating LNG vessel for liquefaction. With liquefaction now commenced, Kosmos will begin recognizing gas entitlement production in its quarterly statements. BP has requested an LNG carrier to arrive this quarter for the first cargo export, marking when Kosmos will start recognizing revenue and generating cash flow from the project.

Kosmos Energy (NYSE/LSE: KOS) has scheduled its fourth quarter 2024 financial results announcement for Monday, February 24, 2025. The company will release its earnings before the UK market opens via Business Wire, Regulatory News Service, and the corporate website. A conference call is scheduled for 11:00 a.m. ET on the same day, accessible through various toll-free and international dial-in numbers. A webcast will be available at investors.kosmosenergy.com, with a replay accessible for approximately 90 days following the event.

Kosmos Energy (NYSE/LSE: KOS) has achieved first gas production at the Greater Tortue Ahmeyim (GTA) LNG project offshore Mauritania and Senegal, as announced by operator bp plc. Gas began flowing on December 31, 2024, from wells to the floating production storage and offloading vessel, preceding delivery to the floating LNG vessel for liquefaction.

Once fully commissioned, GTA Phase 1 is expected to produce approximately 2.3 million tonnes of LNG per annum, with the floating LNG vessel having a nameplate capacity of about 2.7 mtpa. The first LNG cargo is anticipated in Q1 2025, marking the start of revenue recognition from the project.

The company aims to reach a production target of ~90,000 boepd, with plans to reduce capital expenditure and generate free cash flow for debt reduction, targeting a leverage ratio below 1.5x.

Kosmos Energy has announced it will not proceed with a firm offer to acquire Tullow Oil plc at this time, following earlier preliminary discussions. The company is now bound by Rule 2.8 of the City Code on Takeovers and Mergers restrictions. Kosmos reserves the right to revisit this decision under specific circumstances, including: if Tullow's Board agrees, if a third party makes a firm offer for Tullow, if Tullow announces a Rule 9 waiver proposal or reverse takeover, or if the UK Panel on Takeovers and Mergers determines a material change in circumstances.

Kosmos Energy (NYSE: KOS) has confirmed preliminary discussions with Tullow Oil (LSE: TLW) regarding a potential all-share offer to acquire Tullow. The company emphasizes that there is no certainty an offer will be made or regarding potential terms. According to regulatory requirements, Kosmos must either announce a firm intention to make an offer or declare no intention by 5:00 PM on January 9, 2025. The deadline can be extended with Takeover Panel consent.