Kosmos Energy Reports $88M Net Loss

By Bobby Samwell • Monday, August 04 15:54 • Permanent Link

Kosmos Energy Ltd. (NYSE/LSE: KOS) has reported its financial and operating results for the second quarter of 2025. The company generated a net loss of $88 million, or $0.18 per diluted share. When adjusted for certain items, the adjusted net loss was $93 million, or $0.19 per diluted share.

Financial Highlights:

Net production averaged approximately 63,500 barrels of oil equivalent per day (boepd), with sales of approximately 73,200 boepd.
Revenues amounted to $393 million, or $58.93 per boe (excluding the impact of derivative cash settlements).
Production expense was $243 million ($28.22 per boe excluding $69.1 million of production expenses associated with the Greater Tortue Ahmeyim liquefied natural gas (LNG) project.
Capital expenditures were $86 million, with full-year guidance revised down to approximately $350 million from $400 million.
Cash flow from operations was approximately $127 million with free cash flow of $45 million.

Operational Highlights:

Total net production in the second quarter averaged approximately 63,500 boepd, lower than guidance due to the previously communicated ramp-up timing on Greater Tortue Ahmeyim and lower production at Jubilee.
Ghana production averaged approximately 29,100 boepd net in the second quarter of 2025. The company lifted 3 cargos from Ghana during the quarter.
Production in Equatorial Guinea averaged approximately 22,000 bopd gross and 7,700 bopd net in the second quarter.
The Gimi floating LNG vessel at Greater Tortue Ahmeyim achieved commercial operations date in the second quarter.
The company achieved indicative terms for a Gulf of America term loan up to $250 million to re-pay 2026 maturities.

Outlook:

Full-year 2025 production guidance for Greater Tortue Ahmeyim is around 20 gross LNG cargos with production expected to increase towards the FLNG vessel’s 2.7 million tonnes per annum (mtpa) nameplate capacity in the fourth quarter.
Kosmos expects to submit documentation to extend production licenses in Ghana to 2040, with formal approval expected later in the year.

Kosmos Energy remains committed to delivering long-term value for its shareholders through the second half of 2025 and beyond.

The company will host a conference call and webcast to discuss the second quarter 2025 financial and operating results on August 4, 2025.

The market has reacted to these announcements by moving the company's shares -0.26% to a price of $1.945. Check out the company's full 8-K submission here.

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