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Kosmos Energy Ltd. (KOS)
NYSE:KOS
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Earnings Data
Report Date
Mar 03, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.03Last Year’s EPS
$0.31Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: -18.21%
|Next Earnings Date:Mar 03, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive outlook with strong production growth and financial management, despite some operational challenges and delays. The company is focused on enhancing cash flow and maintaining production levels, which bodes well for future performance.Company Guidance
During the Kosmos Energy Q3 2024 earnings call, the company provided guidance on several key metrics, highlighting its operational progress and financial targets. Kosmos achieved a gross Jubilee production of approximately 87,600 barrels of oil per day in the quarter and expects to reach around 90,000 barrels of oil equivalent per day by year-end. The company emphasized its high FPSO uptime of 99% and water injection rates of around 300,000 barrels per day to enhance voidage replacement. In the U.S. Gulf of Mexico, production exceeded expectations at 70,000 barrels of oil equivalent per day, with plans to expand production capacity further. On the financial side, Kosmos issued $500 million in new senior notes at 8.75% to strengthen its balance sheet and extended its RBL facility commitments to $1.35 billion. The company also anticipates a significant reduction in CapEx to around $800 million for the year, with a focus on free cash flow generation in 2025 to reduce debt and leverage, targeting a leverage ratio of less than 1.5x before considering shareholder returns.Production Growth and New Projects
Kosmos Energy is on track to increase production by 50%, with significant progress in the Gulf of Mexico and Equatorial Guinea. New projects like Winterfell have started production, with further drilling campaigns enhancing output.
Financial Resilience and Debt Management
The company issued $500 million of new senior notes to enhance financial resilience, resulting in no major maturities in 2025 and reducing debt levels.
Operational Efficiency
In the Gulf of Mexico, production exceeded expectations despite challenging conditions, and projects like Odd Job and Kodiak are performing ahead of expectations.
Future Growth and Cash Flow Prioritization
Kosmos plans to prioritize free cash flow in 2025, focusing on maintaining production levels and high-grading maintenance capital, which should enhance shareholder value.
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KOS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KOS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $3.68 | $3.62 | -1.63% |
| Aug 05, 2024 | $4.89 | $4.67 | -4.50% |
| May 07, 2024 | $5.87 | $5.99 | +2.04% |
| Feb 26, 2024 | $5.96 | $5.76 | -3.36% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Kosmos Energy Ltd. (KOS) report earnings?
Kosmos Energy Ltd. (KOS) is schdueled to report earning on Mar 03, 2025, TBA Not Confirmed.
What is Kosmos Energy Ltd. (KOS) earnings time?
Kosmos Energy Ltd. (KOS) earnings time is at Mar 03, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KOS EPS forecast?
KOS EPS forecast for the fiscal quarter 2024 (Q4) is $0.03.
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