Kosmos Energy (KOS) has released an update.
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Kosmos Energy reported a profitable second quarter in 2024 with a net income of $60 million and adjusted net income of $80 million, underpinned by a 7% year-over-year production growth to approximately 62,100 barrels of oil equivalent per day. The company is making significant strides in its major projects, which are set to push production towards their end-of-year target of 90,000 boepd. With capital expenditures expected to decline in the latter half of the year, Kosmos is focused on enhancing financial resilience and considering shareholder returns.
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