Kosmos Energy Ltd. (KOS) Form 8-K — Nov 2, 2026
Kosmos Energy reported Q3 2026 results with revenues of $410 million, up roughly 32% year over year, and a GAAP net loss of $43 million ($0.07 per share) that masked a strong operating quarter: adjusted net income was $35 million ($0.06 per share) versus an adjusted loss a year ago. Operationally, net production averaged ~69,200 boepd, up ~6% YoY, while production expenses fell ~31% to $102 million. The Jubilee 2025/26 drilling campaign closed with seven successful wells, GTA cargos came in slightly ahead of guidance, and the company completed the Tiberius farm-down to Navitas with upfront cash, carry, and milestone payments.
Key figures
- Revenue
- 410059000
- Total Debt
- 2631566000
- Revenue Yoy
- revenues up ~32% YoY ($410M vs $311M)
- Total Assets
- 4263576000
- Cash Position
- 103749000
- Capex q3
- 85000000
- Net debt
- 2473369000
- Liquidity
- approximately $570 million
- Rbl drawn
- 750000000
- Ebitdax q3
- 254338000
- Hedge 2027
- 8 million barrels, floor ~$68/barrel, ceiling ~$84/barrel
- Rbl maturity
- April 2033
- Production yoy
- up ~6%
- Adjusted eps q3
- 0.06
- Leverage target
- towards 2.0x by year-end 2026
- Free cash flow q3
- 90140000
- Rbl facility size
- 1200000000
- Jubilee gross bopd
- approximately 84,500
- Capex guidance 2026
- approximately $350 million
- Net production boepd
- approximately 69,200
- Production expense q3
- 101756000
- Adjusted net income q3
- 34993000
- Net debt reduction ytd
- over $500 million
- Operating cash flow q3
- 163984000
- Q4 production guidance
- 60,000 - 64,000 boe per day
- Gta production net boepd
- approximately 14,600
- Year end net debt target
- below $2.4 billion
- Ghana production net boepd
- approximately 40,500
- Year to date free cash flow
- 193278000
- Production expense reduction
- ~31% YoY
- Gulf of america production net boepd
- approximately 14,100
AI analysis
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