Kosmos Energy Q2 Earnings Update: Revenue in Line, Statutory Losses Balloon, Analysts Lower Estimates

Kosmos Energy's Q2 report shows revenues of $394m, in line with expectations, while statutory losses ballooned to $0.18 per share. Analysts have updated their estimates for 2025, with revenues expected to be $1.49b and losses per share to narrow 60% to $0.13. Despite a 16% stock drop, the average price target remains at $4.07, with a wide range of individual estimates from $2.20 to $7.00.

Kosmos Energy (NYSE: KOS) reported a net loss of $87.74 million for the second quarter of 2025, marking a significant deviation from analyst forecasts. The company’s adjusted net loss of $92.697 million also missed the anticipated $43 million loss. Despite the earnings miss, revenue totaled $393.518 million, closely aligning with market expectations [2].

The company attributed the shortfall to delays in ramping up output at the Greater Tortue Ahmeyim (GTA) facility and lower production levels at the Jubilee field. Production averaged 63,500 barrels of oil equivalent per day (boe/d) in Q2, a 5% increase from the previous quarter but falling short of the guidance range of 66,000 to 72,000 boe/d [1].

Kosmos Energy revised its full-year 2025 production forecast to a range of 65,000–70,000 boe/d, down 10% from the previous outlook of 70,000–80,000 boe/d. Capital expenditure guidance was also lowered to $350 million from an earlier target of up to $400 million [1].

Analysts have updated their estimates for 2025, with revenues expected to be $1.49 billion and losses per share narrowing by 60% to $0.13. Despite a 16% stock drop, the average price target remains at $4.07, with a wide range of individual estimates from $2.20 to $7.00 [2].

References:
[1] https://ih.advfn.com/market-news/article/13919/kosmos-energy-reports-larger-than-expected-q2-loss-and-revises-down-full-year-guidance
[2] https://www.nasdaq.com/articles/kosmos-energy-reports-net-loss-q2-revenue-slips-expenses-climb-cuts-annual-output-guidance