Kosmos Energy tops Q2 revenue estimates, swings to profit
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Outlook
Kosmos sees Q3 2026 production at 68,000-72,000 boe per day
Company maintains FY 2026 production guidance at 69,000-74,000 boe per day
Kosmos reiterates FY 2026 capital expenditure guidance of ~$350 mln
Overview
Deepwater oil and gas producer's Q2 revenue beat analyst expectations
Co posted adjusted net income of $68 mln on higher production and asset sales, compared to yr-ago loss
Company completed sale of Equatorial Guinea assets and farm-down of Tiberius project
Result drivers
Production increase - Co said higher Q2 production was driven by ramp-up at GTA and new wells coming online at Jubilee
Operating cost reduction - Co reported Q2 production expense down ~25% vs prior yr, citing operational efficiencies and asset sale
Portfolio optimization - Co completed sale of Equatorial Guinea assets and farm-down of Tiberius project, focusing capital on lower-cost, higher-return assets
Analyst coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 3 "hold" and 3 "sell" or "strong sell"
