Kosmos Energy Reports Q3 Gains and Strong Outlook

Kosmos Energy (KOS) has released an update.

Kosmos Energy reported a net income of $45 million for Q3 2024, with significant developments in the US Gulf of Mexico and Equatorial Guinea. The company successfully issued $500 million in senior notes, reducing near-term debt, and plans to cut 2025 capital expenditure to $400 million to enhance shareholder value. Current production levels have increased, positioning Kosmos for improved financial resilience entering 2025.

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