Kosmos Energy Ltd. KOS
Kosmos Energy is a leading deepwater exploration and production company focused on meeting the world's growing demand for energy. We have diversified oil and gas production from assets offshore Ghana, Equatorial Guinea, Mauritania, Senegal, and the Gulf of America. Additionally, in the proven basins where we operate we are advancing high-quality development opportunities, which have come from our exploration success. Kosmos is listed on the NYSE and LSE and is traded under the ticker symbol KOS.
Kosmos was founded in 2003 to find oil and gas in under‑explored or overlooked parts of West Africa. We have a history of opening new hydrocarbon basins including the discovery of the Jubilee Field offshore Ghana in 2007 and the Greater Tortue Ahmeyim Field in 2015 (which includes the Ahmeyim and Guembeul discoveries offshore Mauritania and Senegal in 2015 and 2016, respectively). Jubilee was one of the largest oil discoveries worldwide in 2007 and is considered one of the largest finds offshore West Africa discovered during that decade. The Greater Tortue Ahmeyim discovery was one of the largest natural gas discoveries worldwide in 2015 and is one of the largest gas discoveries ever offshore West Africa.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.29B | $1.68B | $1.70B | $2.25B | $1.34B | $804.0M | $1.50B | $886.7M | $578.1M | $310.4M |
| SG&A | $76.1M | $100.2M | $99.5M | $100.9M | $91.5M | $72.1M | $110.0M | $99.9M | $68.3M | $87.6M |
| Total operating expenses | $1.93B | $1.33B | $1.33B | $1.96B | $1.38B | $1.31B | $1.48B | $953.2M | $814.7M | $679.9M |
| Pre-tax income | -$634.6M | $349.8M | $371.7M | $337.1M | -$43.4M | -$416.8M | $25.1M | -$50.9M | -$177.9M | -$294.6M |
| Income tax | $65.2M | $160.0M | $158.2M | $110.5M | $34.5M | $5.2M | $80.9M | $43.1M | $44.9M | $10.8M |
| Net income | -$699.8M | $189.9M | $213.5M | $226.6M | -$77.8M | -$411.6M | -$55.8M | -$94.0M | -$222.8M | -$283.8M |
| EPS, basic | -1.47 | 0.40 | 0.46 | 0.50 | -0.19 | -1.02 | -0.14 | -0.23 | -0.57 | -0.74 |
| EPS, diluted | -1.47 | 0.40 | 0.44 | 0.48 | -0.19 | -1.02 | -0.14 | -0.23 | -0.57 | -0.74 |
| Shares, diluted (wtd. avg.) | $477.6M | $476.7M | $481.1M | $474.9M | $416.9M | $405.2M | $401.4M | $404.6M | $388.4M | $385.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $91.5M | $85.0M | $95.3M | $186.8M | $174.9M | $149.8M | $229.3M | $185.6M | $305.0M | $273.2M |
| Receivables | $103.5M | $165.0M | $120.7M | $119.7M | $134.0M | $44.5M | $64.1M | $48.2M | $0 | $54.2M |
| Inventory | $172.6M | $170.9M | $152.1M | $133.5M | $165.2M | $129.0M | $114.4M | $84.8M | $71.9M | $74.4M |
| Total current assets | $427.9M | $446.1M | $422.7M | $468.7M | $542.0M | $400.3M | $566.6M | $509.7M | $533.6M | $475.2M |
| Property, plant and equipment | $3.73B | $4.44B | $4.16B | $3.84B | $4.18B | $3.32B | $3.64B | $3.46B | $2.32B | $2.71B |
| Total assets | $4.70B | $5.31B | $4.94B | $4.58B | $4.94B | $3.87B | $4.32B | $4.09B | $3.19B | $3.34B |
| Accounts payable | $202.6M | $350.0M | $248.9M | $212.3M | $184.4M | $221.4M | $149.5M | $176.5M | $141.8M | $220.6M |
| Short-term debt | $132.1M | $0 | $0 | $30.0M | $30.0M | $7.5M | $0 | — | — | — |
| Total current liabilities | $572.3M | $594.9M | $554.8M | $574.3M | $531.0M | $460.2M | $539.1M | $384.3M | $428.7M | $370.0M |
| Long-term debt | $2.92B | $2.74B | $2.39B | $2.20B | $2.59B | $2.10B | $2.01B | $2.12B | $1.28B | $1.32B |
| Retained earnings | -$1.78B | -$1.08B | -$1.27B | -$1.49B | -$1.71B | -$1.63B | -$1.22B | -$1.17B | -$1.07B | -$850.4M |
| Total equity | $528.6M | $1.20B | $1.03B | $787.8M | $529.2M | $440.2M | $841.7M | $941.5M | $897.1M | $1.08B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $134.0M | $678.2M | $765.2M | $1.13B | $374.3M | $196.1M | $628.1M | $260.5M | $236.6M | $52.1M |
| Depreciation and amortisation | $564.7M | $465.5M | $454.8M | $508.7M | $477.8M | $495.2M | $573.1M | $339.2M | $265.4M | $150.6M |
| Stock-based compensation | $28.0M | $38.0M | $42.7M | $34.5M | $31.7M | $32.7M | $32.4M | $35.2M | $39.9M | $40.1M |
| Capital expenditure | — | — | — | $611.6M | $924.2M | $274.0M | $440.7M | $385.4M | $57.4M | $644.5M |
| Investing cash flow | -$401.2M | -$966.1M | -$994.9M | -$703.9M | -$973.4M | -$345.6M | -$363.9M | -$985.1M | -$152.6M | -$537.8M |
| Financing cash flow | $299.7M | $274.3M | $141.6M | -$414.7M | $624.2M | $69.9M | -$220.5M | $605.3M | -$52.3M | $448.0M |
| Dividends paid | $0 | $0 | $166.0K | $655.0K | $512.0K | $19.3M | $72.6M | $0 | $0 | — |
| Buybacks | — | — | — | — | — | — | — | $206.1M | $2.2M | $2.0M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-014971.
Others in SIC 1311
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| EOG | EOG RESOURCES INC | $76.16B | 15.9x | -4.5% |
| OXY | OCCIDENTAL PETROLEUM CORP /DE/ | $60.02B | 37.3x | -5.0% |
| FANG | Diamondback Energy, Inc. | $55.79B | 34.8x | 35.8% |
| DVN | DEVON ENERGY CORP/DE | $52.87B | 11.5x | 5.4% |
| EQT | EQT Corp | $34.51B | 16.7x | 63.9% |
| EXE | EXPAND ENERGY Corp | $23.42B | 12.9x | 186.3% |
| PR | Permian Resources Corp | $19.57B | 18.2x | 1.3% |
| OVV | Ovintiv Inc. | $17.84B | 13.5x | -3.1% |