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
Where the revenue comes from as reported in the latest 10-K
Revenue by segment
- Ghana
- Gulf of America
- Equatorial Guinea
- Mauritania - Senegal
| Segment | FY2025 |
|---|---|
| Ghana | $631.7M |
| Gulf of America | $374.3M |
| Equatorial Guinea | $165.1M |
| Mauritania - Senegal | $117.2M |
As the company reported it, from the “Business Segment Information - Financial Information (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
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.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $310.4M | $578.1M | $886.7M | $1.50B | $804.0M | $1.34B | $2.25B | $1.70B | $1.68B | $1.29B |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | -$283.8M | -$222.8M | -$94.0M | -$55.8M | -$411.6M | -$77.8M | $226.6M | $213.5M | $189.9M | -$699.8M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Acquisition or disposal completed Item 2.01
- Regulation FD disclosure Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Regulation FD disclosure Item 7.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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