Kosmos Energy Ltd ( (KOS) ) has released its Q4 earnings. Here is a breakdown of the information Kosmos Energy Ltd presented to its investors.
Kosmos Energy Ltd. is a deepwater exploration and production company operating in the oil and gas sector, with diversified assets in Ghana, Equatorial Guinea, Mauritania, Senegal, and the Gulf of America. In its latest earnings report, Kosmos Energy announced a net loss of $7 million for the fourth quarter of 2024, with adjusted net loss reaching $16 million. Despite the loss, the company achieved significant operational milestones, including the first gas production at the Greater Tortue Ahmeyim (GTA) LNG project in December and first LNG production in February 2025. Key financial metrics for the quarter included revenues of $398 million and capital expenditures of $117 million. The company also secured the Noble Venturer drilling rig for its 2025/2026 Jubilee drilling campaign and maintained an AAA rating with MSCI. Kosmos Energy reported a 137% 2P reserve replacement ratio, with year-end 2024 reserves totaling approximately 528 million barrels of oil equivalent, indicating a 22-year reserves-to-production ratio. Looking ahead, Kosmos Energy plans to prioritize free cash flow generation and disciplined capital investment, with a forecasted 2025 capital expenditure budget of $400 million, marking a significant reduction from previous years. The company remains focused on optimizing production in the Gulf of America and Ghana, with expectations of increased output from new wells and ongoing projects.