Overview

* Kosmos Q3 revenue missed analyst expectations, adjusted loss per share bigger than expected

* Company reports net loss of $124 mln for Q3 2025

* Kosmos secured $250 mln term loan with Shell to manage debt maturities

Outlook

* Kosmos expects 2025 capital expenditures below $350 mln, over 60% lower year-on-year

* Company targets 50% of 2026 oil production to be hedged by year-end

* Kosmos anticipates production increase through 2026 with ongoing drilling

Result Drivers

* PRODUCTION INCREASE - Net production rose 3% quarter-over-quarter, driven by ramp-up at GTA and increased output at Jubilee

* COST REDUCTION - Production expenses fell 39% from Q2 2025, with ongoing efforts to lower operating costs, especially at GTA

* LIQUIDITY ENHANCEMENT - Kosmos secured a $250 mln term loan from Shell, using $150 mln to repay 2026 notes, improving financial flexibility

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $311 mln $354.10

Revenue mln (3

Analysts

)

Q3 Beat -$0.15 -$0.12

Adjusted (5

EPS Analysts

)

Q3 EPS -$0.26

Q3 Net -$124

Income mln

Q3 Free -$99 mln

Cash

Flow

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 5 "hold" and no "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 ( KOS ) is $4.20, about 62.6% above its October 31 closing price of $1.57

* The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release:

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(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.)