Kosmos Energy Ltd Stock Price, News & Analysis

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 Tuesday, May 9, 2023, before the UK market opens. Investors can access the release through Kosmos Energy's website, Business Wire, and Regulatory News Service.

A conference call is set for the same day at 11:00 a.m. EST, available via telephone and webcast. For those wishing to listen in, the toll-free dial-in numbers include US: 1-877-407-0784, and International: 1-201-689-8560. A replay of the conference call will be accessible for 90 days post-event at investors.kosmosenergy.com.

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.