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Kosmos Energy (KOS) Misses Forecasts in Q1 Report

finance.yahoo.com · May 9, 2026 · 13:09

Kosmos Energy Ltd. (NYSE:KOS) is included among the 10 Best Energy Stocks to Buy Under $20 According to Billionaires.

Kosmos Energy Ltd. (NYSE:KOS) is a leading deepwater exploration and production company focused on meeting the world’s growing demand for energy.

Kosmos Energy Ltd. (NYSE:KOS) reported its Q1 2026 results on May 5. The company reported an adjusted loss per share of $0.07 for the quarter, falling behind expectations by $0.09. Revenue of $371 million also missed estimates by $36 million, despite a YoY growth of almost 28%.

That said, Kosmos Energy Ltd. (NYSE:KOS) achieved record daily and quarterly production in Q1, driven by GTA fully ramped up and new wells at Jubilee. The company reported net output of around 74,800 boepd, up almost 25% versus the first quarter of 2025. Moreover, the firm managed to cut its operating costs by approximately 22% YoY, in addition to reducing its net debt by around 7% compared to year‑end 2025. Kosmos intends to continue this momentum and raise its full‑year debt reduction target from 10% to approximately 20%.

Kosmos Energy Ltd. (NYSE:KOS) expects to deliver production growth of 15% YoY in FY 2026, coming predominantly from its core, Jubilee, and GTA assets. However, the company’s Q2 output is expected to be slightly lower than the first quarter, largely due to seasonality on GTA and the lower Gulf of America production on the back of Winterfell-2.

Kosmos Energy Ltd. (NYSE:KOS) was also recently included in our list of the 8 Best Oil and Gas Penny Stocks to Buy Now.

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