Kosmos Energy Ltd.
Business
Kosmos Energy is a deepwater exploration and production company that discovers, develops, and produces oil and natural gas from offshore fields in West Africa and the Gulf of America. The company operates producing assets in Ghana, Equatorial Guinea, Mauritania, Senegal, and the Gulf of America, with a portfolio spanning Jubilee and TEN fields offshore Ghana, the Greater Tortue Ahmeyim LNG project offshore Mauritania and Senegal, the Ceiba and Okume complex offshore Equatorial Guinea, and multiple fields in the Gulf of America. Kosmos pursues a full-cycle upstream strategy combining production from mature assets, infrastructure-led exploration in proven basins, and value-accretive acquisitions.
Summary from 10-K filed 2026-03-02
Financials
Consolidated Statement of Income
| Concept | Trend | 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
| Concept | Trend | 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
| Concept | Trend | 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
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Kosmos Energy Ltd.'s CIK number?
Kosmos Energy Ltd.'s SEC CIK number is 0001509991 (1509991). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Kosmos Energy Ltd.'s SEC filings?
All of Kosmos Energy Ltd.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Kosmos Energy Ltd. last report earnings?
Kosmos Energy Ltd. (KOS) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001509991-26-000023). This is Kosmos Energy Ltd.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Kosmos Energy Ltd.'s most recent earnings 8-K?
Kosmos Energy Ltd.'s latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001509991-26-000023. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Kosmos Energy Ltd.'s latest earnings 8-K →
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