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Stock impact report

Kosmos Energy Announces First Quarter 2022 Results

Kosmos Energy Ltd. Common Shares (DE) (KOS) 
Last kosmos energy ltd. common shares (de) earnings: 2/24 02:00 am Check Earnings Report
Company Research Source: Business Wire
DALLAS--(BUSINESS WIRE)--Kosmos Energy Ltd. (“Kosmos” or the “Company”) (NYSE/LSE: KOS) announced today its financial and operating results for the first quarter of 2022. For the quarter, the Company generated a net income of $1 million, or $0.00 per diluted share. When adjusted for certain items that impact the comparability of results, the Company generated an adjusted net income(1) of $142 million, or $0.30 per diluted share for the first quarter of 2022.FIRST QUARTER 2022 HIGHLIGHTSNet Production(2)(3): ~72,600 barrels of oil equivalent per day (boepd) with sales of 72,400 boepdRevenues: $659 million, or $101.15 per boe (excluding the impact of derivative cash settlements)Production expense: $125 million, or $19.14 per boeCapital expenditures (excluding acquisitions and divestitures): $101 millionGenerated free cash flow(1) of approximately $221 millionNet debt reduced by approximately $330 million in the first quarter, driven by free cash flow and Ghana pre-emption proceeds, Show less Read more
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