Welcome to our dedicated page for Kosmos Energy news (Ticker: KOS), a resource for investors and traders seeking the latest updates and insights on Kosmos Energy stock.
Kosmos Energy Ltd. (KOS) is a deepwater exploration and production company with diversified offshore oil and gas assets in Ghana, Equatorial Guinea, Mauritania, Senegal and the Gulf of America. The KOS news feed on Stock Titan brings together company announcements and regulatory disclosures that explain how these assets are being developed and financed over time.
Investors following Kosmos Energy news can track updates on offshore oil production in Ghana and Equatorial Guinea, progress at the Greater Tortue Ahmeyim (GTA) LNG project offshore Mauritania and Senegal, and operational performance in the Gulf of America. Company releases discuss drilling campaigns, well results, production trends, LNG cargo liftings and key milestones such as the Commercial Operations Date for the FLNG Gimi vessel at GTA.
Kosmos Energy’s news also covers its capital structure and financing activities, including reserve-based lending facility redeterminations, senior secured term loan agreements secured by Gulf of America assets, and senior notes or bond transactions such as term loans, redemptions and tender offers. Regular quarterly earnings releases and operational updates provide detail on production levels, capital expenditures, hedging activity and liquidity, helping investors understand how the company manages its portfolio and balance sheet.
Because Kosmos is listed on both the New York Stock Exchange and the London Stock Exchange, its news flow includes Business Wire announcements, regulatory news service items and references to SEC filings. The KOS news page aggregates these items in one place so readers can review operational, financial and project-related developments affecting Kosmos Energy’s stock.
Kosmos Energy (NYSE: KOS) will release its third quarter 2020 results on November 9, 2020, before the UK market opens. The earnings announcement will be available through Business Wire, the Regulatory News Service, and the company’s website. A conference call is scheduled for the same day at 11:00 a.m. EST, accessible by telephone and webcast. Key dial-in numbers include a toll-free option at 1-877-407-3982 and international access at 1-201-493-6780. A replay of the call will be available on the company’s investor relations website for 90 days.
On October 12, 2020, CSG Investments, Inc. announced a $200 million senior secured term loan for Kosmos Energy Ltd.'s Gulf of Mexico unit, maturing in five years. The funding, facilitated by Beal Bank USA and Trafigura Trading LLC, aims to support Kosmos' valuable assets, which continue to generate cash flow despite volatile commodity prices. Kosmos CFO Neal Shah acknowledged the lender's confidence in the company’s long-term potential. This deal highlights the ongoing financial backing for Kosmos amidst challenging market conditions.
Kosmos Energy (KOS) has successfully closed a $200 million term-loan facility secured against its U.S. Gulf of Mexico assets. This restructuring includes a roll-over of a $50 million prepayment agreement with Trafigura and raises the borrowing capacity by $50 million. The facility has a 6% interest rate and allows for expansion up to $300 million. Kosmos' liquidity position is now approximately $650 million, bolstering its balance sheet into 2021.