Kosmos Energy ( (KOS) ) just unveiled an update.
Kosmos Energy reported a net loss of $7 million for the fourth quarter of 2024, with revenues of $398 million driven by production from key projects. Despite challenges in production timing and costs, the company achieved significant milestones with the start of gas and LNG production at the Greater Tortue Ahmeyim project and secured drilling resources for future operations. Kosmos plans to focus on cash flow generation and disciplined capital investment, reducing its capex budget by over 50% for 2025. The company maintains a strong reserve replacement ratio and continues to optimize production in key areas like Ghana and the Gulf of Mexico, signaling a positive outlook for operational growth and stakeholder impact.
More about Kosmos Energy
Kosmos Energy is an oil and gas exploration and production company with a focus on offshore projects. It operates in multiple regions, including the Gulf of Mexico, West Africa, and South America, and is involved in significant liquefied natural gas (LNG) developments such as the Greater Tortue Ahmeyim project in Mauritania and Senegal.
YTD Price Performance: -14.52%
Average Trading Volume: 9,234,498
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.5B
Find detailed analytics on KOS stock on TipRanks’ Stock Analysis page.