Kosmos Energy(US:KOS) Globenewswire·2026-03-02 07:00Core Insights - Kosmos Energy Ltd. reported a net loss of $377 million, or $0.79 per diluted share, for Q4 2025, with an adjusted net loss of $78 million, or $0.16 per diluted share [1][3][12] - The company aims to improve operational and financial performance in 2026, focusing on production growth, cost reduction, and balance sheet resilience [3][6][7] Financial Performance - Q4 2025 revenues were $295 million, with production expenses of $151 million and capital expenditures of $53 million [5][11] - Full-year capital expenditures for 2025 were $292 million, approximately 25% lower than initial guidance [11] - The company ended 2025 with approximately $3.0 billion in net debt and liquidity of about $342 million [12][32] Production and Operations - Total net production for Q4 2025 averaged approximately 67,900 barrels of oil equivalent per day (boepd), a 4% increase from Q3 2025 [5][14] - Jubilee production exceeded 70,000 bopd, with expectations for a 15% year-on-year growth in 2026 [4][22] - The Greater Tortue Ahmeyim (GTA) project produced around 2.9 million tonnes per annum (mtpa) year-to-date in 2026 [4][17] Reserves and Asset Management - At year-end 2025, Kosmos reported 1P reserves of approximately 250 million barrels of oil equivalent (mmboe) and 2P reserves of about 500 mmboe [13][26] - The company completed a sale of its interest in the Ceiba Field and Okume Complex for up to $220 million, enhancing liquidity and accelerating debt reduction [30] Cost Management - The company plans to reduce operating costs by around 20% year-on-year in 2026 [6][18] - The acquisition of the TEN FPSO is expected to significantly lower operating expenses [24] Strategic Initiatives - Kosmos has raised $600 million in new capital to reduce near-term bond maturities and enhance liquidity [7] - The company is focused on long-term value creation through production growth and maximizing cash flow for debt repayment [8]