Kosmos Energy Ltd.

Listed Company

KOSCIK 0001509991NYSELarge AcceleratedCrude Petroleum & Natural GasDelawareFY ends Dec 31

Period

FY 2025

Revenue

$1.29B

Net Income

$-699.79M

Total Assets

$4.70B

Equity

$528.59M

Shares Out

481.02M

Op. Cash Flow

$134.01M

Business

Kosmos Energy Ltd. is a deepwater oil and gas exploration and production company engaged in discovering, developing and producing offshore hydrocarbon resources. It offers crude oil, natural gas, natural gas liquids and LNG through field development, appraisal, production operations, infrastructure-led exploration and asset acquisitions. Its business is organized around production and development activities, exploration and appraisal, and infrastructure-led, value-accretive transactions. Kosmos operates primarily offshore in Ghana, Equatorial Guinea, Mauritania, Senegal and the Gulf of America and sells volumes via marketing agents, long‑term LNG contracts, pipelines and monthly sales contracts.

Summary from filing dated 2025-02-24

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Oil and gas revenue	1,288	1,675	1,702	2,245	1,332
Gain on sale of assets	2	0	0	50	2
Other income, net	1	204,000	−73,000	4	262,000
Total revenues and other income	1,292	1,676	1,702	2,300	1,334
Oil and gas production	709	531	390	409	346
Exploration expenses	224	120	42	134	65
General and administrative	76	100	100	101	92
Depletion, depreciation and amortization	557	457	445	498	467
Impairment of long-lived assets	178	0	222	450	0
Interest and other financing costs, net	223	89	96	118	128
Derivatives, net	−54	12	11	261	270
Other expenses, net	13	18	24	−9	10
Total costs and expenses	1,926	1,326	1,330	1,963	1,377
Income (loss) before income taxes	−635	350	372	337	−43
Total tax expense	65	160	158	111	34
Net income (loss)	−700	190	214	227	−78
Basic (in dollars per share)	−1.47	0.4	0.46	0.5	−0.19
Diluted (in dollars per share)	−1.47	0.4	0.44	0.48	−0.19
Basic (in shares)	478	471	460	455	417
Diluted (in shares)	478	477	481	475	417

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	92	85	95	183	132
Receivables	103	165	121	120	—
Inventories	173	171	152	134	165
Prepaid expenses and other	12	16	46	25	19
Derivatives	48	9	8	7	6
Total current assets	428	446	423	469	542
Property and equipment, net	3,734	4,444	4,160	3,843	4,184
Restricted cash	26	305,000	3	3	305,000
Long-term receivables	459	385	325	236	191
Deferred tax assets	4	5	3	0	0
Derivatives	3	512,000	2	2	1
Other	43	28	22	28	21
Total assets	4,697	5,309	4,938	4,580	4,941
Accounts payable	203	350	249	212	184
Accrued liabilities	238	245	303	325	251
Current maturities of long-term debt	132	0	0	30	30
Total current liabilities	572	595	555	574	531
Long-term debt, net	2,900	2,745	2,391	2,196	2,590
Asset retirement obligations	327	407	344	301	322
Deferred tax liabilities	306	313	364	468	711
Other long-term liabilities	42	49	252	252	250
Total long-term liabilities	3,596	3,514	3,351	3,218	3,880
Preference shares, $0.01 par value; 200,000,000 authorized shares; zero issued at December 31, 2025 and December 31, 2024	0	0	0	0	0
Common stock, $0.01 par value; 2,000,000,000 authorized shares; 522,590,223 and 516,158,749 issued at December 31, 2025 and December 31, 2024, respectively	5	5	5	5	5
Additional paid-in capital	2,543	2,515	2,537	2,506	2,474
Accumulated deficit	−1,782	−1,082	−1,272	−1,486	−1,712
Treasury stock, at cost, 44,263,269 shares at December 31, 2025 and December 31, 2024, respectively	−237	−237	−237	−237	−237
Total stockholders equity	529	1,200	1,032	788	529
Total liabilities and stockholders equity	4,697	5,309	4,938	4,580	4,941

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depletion, depreciation and amortization (including deferred financing costs)	565	465	455	509	478
Deferred income taxes	−7	−52	−108	−197	−69
Unsuccessful well costs and leasehold impairments	202	74	2	87	19
Change in fair value of derivatives	−45	15	28	275	278
Cash settlements on derivatives, net (including $10.4 million and $(12.5) million and $(16.4) million on commodity hedges during 2025, 2024, and 2023)	6	−20	−32	−344	−232
Equity-based compensation	28	38	43	35	32
Debt modifications and extinguishments	195,000	25	2	192,000	20
Other	−22	−14	6	−10	−4
(Increase) decrease in receivables	92	−63	−16	69	−34
(Increase) decrease in inventories and prepaid expenses	−7	5	−46	−704,000	637,000
Increase (decrease) in accounts payable and accrued liabilities	−155	14	−4	83	−34
Net cash provided by operating activities	134	678	765	1,130	374
Oil and gas assets	−314	−934	−933	−787	−473
Notes receivable and other investing activities	−87	−32	−62	−63	—
Net cash used in investing activities	−401	−966	−995	−704	−973
Borrowings under long-term debt	675	325	300	0	725
Payments on long-term debt	−225	−350	−145	−405	−1,050
Net proceeds from issuance of senior notes	0	885	0	0	—
Repurchase and redemption of senior notes	−150	−500	0	0	—
Purchase of capped call transactions	0	−50	0	0	—
Dividends	0	0	−166,000	−655,000	−512,000
Other financing costs	−346,000	−37	−13	−9	—
Net cash provided by financing activities	300	274	142	−415	624
Net increase (decrease) in cash, cash equivalents and restricted cash	32	−13	−88	12	25

Filings

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