Kosmos Energy (KOS) Shares Operational Update, Bernstein Remains Bullish

Core Viewpoint - Kosmos Energy Ltd. (NYSE:KOS) is experiencing operational momentum with significant progress in its portfolio, despite Bernstein reducing its price target from $1.70 to $0.80 while maintaining a 'Market Perform' rating [2][3]. Operational Update - Kosmos Energy reported the completion of the second Jubilee producer well (J-74) in Ghana, which encountered approximately 50 meters of net pay, potentially yielding over 10,000 barrels of oil per day (bopd) [3]. - The gross Jubilee output is projected to reach nearly 70,000 bopd at the beginning of 2026 [3]. - The company received approval for license extensions for the Jubilee and TEN oilfields until 2040, which is expected to enhance 2P reserves and allow for up to 20 additional wells [4]. Project Developments - The GTA LNG project achieved its nameplate capacity in December 2025, with cargo liftings anticipated to nearly double in 2026 [4]. - Management is taking actions to improve the company's leverage through debt management [4]. Company Overview - Kosmos Energy is an independent oil and gas company focused on offshore exploration, development, and production, with core assets located in Ghana, Mauritania/Senegal LNG, Equatorial Guinea, and the U.S. Gulf of Mexico [5].