Kosmos Energy Announces Third Quarter 2026 Results
Kosmos Energy reported Q3 2026 revenue of $410 million, up roughly 32% year-over-year, with net production of ~69,200 boepd (+~6% YoY, ~17% excluding Equatorial Guinea). The company swung to adjusted net income of $0.06 per diluted share from -$0.15 a year ago, though it remained in GAAP net loss of $43 million (-$0.07/share) driven by $134M of derivative losses. Free cash flow was $90 million, the third consecutive positive quarter. Balance-sheet progress was the standout: net debt fell over $500 million year-to-date to $2.47 billion, the $1.2B RBL facility was extended to April 2033 with no amortization until 2031, and Kosmos remains on track for its ~20% 2026 net debt reduction target.
Key figures
- Revenue
- 410059000
- Guidance
- 4Q26 production 60,000-64,000 boepd; FY26 capex ~$350M unchanged; year-end net debt expected below $2.4B with leverage falling towards 2.0x
- Revenue Yoy
- 32%
- Fcf
- 90140000
- Capex
- 85000000
- Ebitdax
- 254338000
- Ytd fcf
- 193278000
- Net debt
- 2473369000
- Liquidity
- 570000000
- Rbl drawn
- 750000000
- 2027 hedges
- 8 MMBbl oil, ~$68/bbl average floor, ~$84/bbl average ceiling
- Adjusted eps
- 0.06
- Opex per boe
- 17.72
- Production yoy
- ~6%
- Production boepd
- 69200
- Rbl facility size
- 1200000000
- Adjusted net income
- 34993000
- Operating cash flow
- 163984000
- Net debt reduction ytd
- >$500M
- Average realized price per boe
- 71.39
AI analysis
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