Kosmos Energy Announces Third Quarter 2026 Results
Key Highlights
- ➤Net loss $43 million, or $0.07 per diluted share, versus $124 million loss
- ➤Adjusted net income $35 million, or $0.06 per diluted share
- ➤Net production ~69,200 boepd, up ~6% year over year
- ➤Net debt reduced over $500 million; 2026 target remains ~20% reduction
- ➤$1.2 billion RBL extended to April 2033, with no amortization until 2031
Expert Statements
Andrew G. Inglis, Chairman and Chief Executive Officer of Kosmos Energy
“Kosmos continued to make meaningful progress during the third quarter against the four objectives we established at the beginning of the year: increase production, lower costs, reduce debt and advance our quality growth opportunities.”
Andrew G. Inglis, Chairman and Chief Executive Officer of Kosmos Energy
“Through a combination of strong operational execution, reduced costs, disciplined capital allocation and proactive financing, we continue to strengthen our business.”
Andrew G. Inglis, Chairman and Chief Executive Officer of Kosmos Energy
“In Ghana, the 2025/26 Jubilee drilling campaign successfully delivered seven wells and demonstrated the continued quality of the infill opportunities of this midlife asset.”
Andrew G. Inglis, Chairman and Chief Executive Officer of Kosmos Energy
“At GTA, production continues to be strong with solid reservoir performance.”
Andrew G. Inglis, Chairman and Chief Executive Officer of Kosmos Energy
“Across the portfolio, we remain focused on maximizing value from our existing assets while investing selectively in growth opportunities with attractive returns.”
Andrew G. Inglis, Chairman and Chief Executive Officer of Kosmos Energy
“Financially, 2026 continues to represent a year of significant progress for Kosmos.”
Andrew G. Inglis, Chairman and Chief Executive Officer of Kosmos Energy
“Since the beginning of the year, we have materially improved liquidity, reduced debt, extended maturities, lowered leverage and strengthened the overall credit profile of the company.”
Andrew G. Inglis, Chairman and Chief Executive Officer of Kosmos Energy
“With the RBL re-financing complete, we have further increased our financial resilience and will now look to address our 2028 bond maturities.”
Andrew G. Inglis, Chairman and Chief Executive Officer of Kosmos Energy
“Looking ahead, our focus remains clear and we expect to make continued progress against our four strategic priorities, entering 2027 in a much stronger position with multiple catalysts across the portfolio to create additional value.”
DALLAS, Nov. 02, 2026 (GLOBE NEWSWIRE) -- Kosmos Energy Ltd. (“Kosmos” or the “Company”) (NYSE/LSE: KOS) announced today its financial and operating results for the third quarter of 2026. For the quarter, the Company generated a net loss of $43 million, or $0.07 per diluted share. When adjusted for certain items that impact the comparability of results, the Company generated an adjusted net income((1)) of $35 million, or $0.06 per diluted share for the third quarter of 2026.
THIRD QUARTER 2026 AND POST QUARTER END HIGHLIGHTS * Net Production((2)): ~69,200 barrels of oil equivalent per day (boepd), up ~6% versus third quarter 2025 (~17% excluding Equatorial Guinea)
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