Kosmos Energy reports Q4 loss widens; expects 2026 production up 15%

Kosmos Energy

02/03/2026 07:09

Overview

Oil exploration firm's Q4 revenue was $295 mln, with production up 4% from Q3

Adjusted net loss for Q4 was $78 mln, with EPS of -$0.16

Company sold Equatorial Guinea assets for up to $220 mln

Outlook

Kosmos expects 2026 production growth of around 15% year-on-year

Company plans to reduce operating costs by around 20% in 2026

Kosmos targets at least 10% debt reduction by year-end 2026

Result Drivers

PRODUCTION INCREASE - Net production rose by 4% from Q3, driven by ramp-up at GTA and Jubilee fields

ASSET SALE - Kosmos sold its Equatorial Guinea assets for up to $220 mln to enhance liquidity and focus on core operations

COST CONTROL - FY25 capex was below budget, demonstrating rigorous control and allocation of capital

Company press release: ID:nGNX5wx9qV

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
-$0.79
Q4 Net Income
-$377 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 5 "hold" and 1 "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 $2.30, about 1.3% above its February 27 closing price of $2.33

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.)