Earnings Releases·Nov 2, 2026, 6:44 AM ET

Kosmos Energy — Third Quarter 2026 Earnings Summary

Reported net loss narrowed to $43 million ($0.07/share) from $124 million in Q3 2025, while adjusted net income turned positive at $35 million versus a $72 million loss previously; revenues rose 32% to $410 million and free cash flow improved to $90 million from -$98.9 million.
Net debt decreased by over $500 million to $2.47 billion, positioning the company to achieve its ~20% net debt reduction target for 2026 with year-end debt expected below $2.4 billion.
Full-year 2026 capital expenditure guidance remains unchanged at approximately $350 million, with Q4 2026 production guidance set at 60,000–64,000 boepd despite expected operational impacts from maintenance and Hurricane Isaias.
Strategic milestones include the completion of the Tiberius farm-down with Navitas, extension of the $1.2 billion RBL facility to April 2033, and the securing of the Noble Faye Kozack rig for the 2027/28 Jubilee drilling program.