Kosmos Energy Q1 revenue falls short of analyst estimates

Kosmos Energy

05/05/2026 07:11

Overview

US deepwater oil and gas producer's Q1 revenue missed analyst expectations

Company reported a net loss and adjusted net loss for Q1

Quarterly production hit record high, up 25% yr/yr, driven by GTA ramp-up and Jubilee wells

Outlook

Kosmos sees FY 2026 production at 70,000-78,000 boe per day

Company maintains FY 2026 capital expenditure guidance at $350 mln

Kosmos raises full-year debt reduction target to ~20%

Result Drivers

GTA RAMP-UP AND JUBILEE WELLS - Record production driven by GTA fully ramped up and new wells at Jubilee, per CEO Andrew Inglis

OPERATING COST REDUCTION - Operating costs were ~22% lower yr/yr, with GTA Phase 1 costs on track to fall by more than 50% yr/yr

DEBT REDUCTION INITIATIVES - $350 mln bond offering and $200 mln equity raise used to accelerate debt repayment

Company press release: ID:nGNX94P2WJ

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$371 mln
$419.93 mln (4 Analysts)
Q1 EPS
-$0.45
Q1 Net Income
-$225.57 mln
Q1 Free Cash Flow
$14.25 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 4 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the oil & gas exploration and production peer group is "buy"

Wall Street's median 12-month price target for Kosmos Energy Ltd is $2.88, about 12.1% below its May 4 closing price of $3.27

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)