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Kosmos Energy Announces First Quarter 2024 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 2024. For the quarter, the Company generated a net income of $92 million, or $0.19 per diluted share. When adjusted for certain items that impact the comparability of results, the Company generated an adjusted net income(1) of $99 million, or $0.21 per diluted share for the first quarter of 2024.FIRST QUARTER 2024 HIGHLIGHTSNet Production(2): ~66,700 barrels of oil equivalent per day (boepd), representing ~13% growth year over year, with sales of ~62,600 boepdRevenues: $419 million, or $73.52 per boe (excluding the impact of derivative cash settlements)Production expense: $94 million, or $16.42 per boeCapital expenditures: $286 millionSuccessfully completed convertible bond issuance, enhancing liquidity and paying down higher interest floating rate debtPost quarter end, successfully refinanced the Company's reserve-bas Show less Read more
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