Kosmos Energy(NYSE) KOS

Kosmos Energy Ltd. finds energy deep under the ocean. It pumps oil and gas to power the world. This work happens offshore Africa and America.

Where the Energy Comes From

• Deepwater Crude Oil: Liquid energy extracted from offshore fields; generated $496.3 million in revenue for the three months ended June 30, 2026.
• Liquified Natural Gas: Natural gas cooled for shipping from Mauritania and Senegal; generated $83.6 million in revenue for the three months ended June 30, 2026.
• Natural Gas Liquids: Energy products collected during the extraction process; generated $27.4 million in revenue for the three months ended June 30, 2026.

Changing the Asset Mix

• Sold all participating interest in the Ceiba Field and Okume Complex in Equatorial Guinea in June 2026.
• Received final cash consideration of $127 million from the Equatorial Guinea asset sale.
• Reached a final investment decision for the Tiberius development in March 2026.
• Added Navitas as a partner for the Tiberius project in July 2026 following a competitive farm-out process.
• Achieved the first cargo shipment of liquified natural gas from the Greater Tortue Ahmeyim project in April 2025.

What Makes Kosmos Different?

The company focuses on deepwater basins along the Atlantic Margins using specialized expertise to find and extract resources. Its operations use complex infrastructure, including floating production ships and subsea pipelines, to connect underwater fields to global energy markets.

A Look at the Numbers

• Total oil and gas revenue was $607.3 million for the three months ended June 30, 2026, compared to $392.6 million for the same period in 2025.
• Net income was $184.8 million for the three months ended June 30, 2026, up from a net loss of $87.7 million in 2025.
• Oil and gas production costs decreased to $179.4 million for the three months ended June 30, 2026, from $243.1 million in the prior-year period.
• Total long-term debt was $2.7 billion as of June 30, 2026.
• Market capitalization was $1.2 billion for the second quarter of 2026.

The Big Picture

Kosmos has evolved from a pure exploration firm into a diversified producer with assets across three continents. Its focus on high-margin deepwater projects helps it manage debt while advancing new energy developments.