NYSE:KOS

Kosmos Energy Announces First Quarter 2024 Results

Retrieved on: 
Tuesday, May 7, 2024
Other Energy, Oil, Gas, Natural Resources, Energy, Maritime, Logistics, Supply Chain Management, Transport, Mining, Minerals, Tiberius, FPSO, FLNG, Barrel, Partnership, Webcast, Water, Public expenditure, SMH, ILX, Odd job, Hook-up, Growth, RBL, Government

Kosmos Energy Ltd. (“Kosmos” or the “Company”) (NYSE/LSE: KOS) announced today its financial and operating results for the first quarter of 2024.

Key Points: 
  • Kosmos Energy Ltd. (“Kosmos” or the “Company”) (NYSE/LSE: KOS) announced today its financial and operating results for the first quarter of 2024.
  • Kosmos exited the first quarter of 2024 with approximately $2.7 billion of total long-term debt and approximately $2.4 billion of net debt(1) and available liquidity of approximately $954 million.
  • Hookup and commissioning of the FPSO remain on the critical path to first gas, expected in the third quarter of 2024 with first LNG expected in the fourth quarter of 2024.
  • Kosmos will host a conference call and webcast to discuss first quarter 2024 financial and operating results today, May 7, 2024, at 10:00 a.m. Central time (11:00 a.m. Eastern time).

Kosmos Energy Announces Successful Reserve-based Lending Facility Re-financing

Retrieved on: 
Monday, April 29, 2024
Maritime, Other Energy, Transport, Oil, Gas, Energy, Other Transport, Kosmos Energy, RBL, RCF

Kosmos Energy (NYSE/LSE: KOS) (“Kosmos” or the “Company”) announced today that it has successfully re-financed its reserve-based lending (“RBL”) facility extending the maturity by approximately three years, with the RBL facility’s final maturity now in December 2029.

Key Points: 
  • Kosmos Energy (NYSE/LSE: KOS) (“Kosmos” or the “Company”) announced today that it has successfully re-financed its reserve-based lending (“RBL”) facility extending the maturity by approximately three years, with the RBL facility’s final maturity now in December 2029.
  • Discussions with additional potential lenders are ongoing and are expected to increase commitments later this year towards the RBL facility size.
  • $800 million is currently drawn against the RBL facility with the first amortization payment scheduled for April 1, 2027.
  • Neal Shah, Chief Financial Officer, said “Re-financing the RBL facility is another important step to optimize Kosmos’ capital structure and proactively address our debt maturities.

Kosmos Energy to Host First Quarter 2024 Results and Webcast on May 07, 2024

Retrieved on: 
Thursday, April 11, 2024
Maritime, Energy, Transport, Oil, Gas, Webcast, Business Wire, Kosmos Energy, EDT, Conference, Telephone, Regulatory News Service

Kosmos Energy (NYSE/LSE: KOS) announced today the following schedule for its first quarter 2024 results:

Key Points: 
  • Kosmos Energy (NYSE/LSE: KOS) announced today the following schedule for its first quarter 2024 results:
    Earnings Release: Tuesday, May 07, 2024, pre-UK market open via Business Wire, Regulatory News Service, and the Company’s website at www.kosmosenergy.com .
  • Conference Call: Tuesday, May 07, 2024, at 11:00 a.m. EDT.
  • The call will be available via telephone and webcast.

Kosmos Energy Ltd. Prices Upsized Offering of $350 Million 3.125% Convertible Senior Notes Due 2030

Retrieved on: 
Wednesday, March 6, 2024
Oil, Gas, Energy, Maritime, Transport, Other Energy, Observation, Sale, Exercise, New York Stock Exchange, Person, Security (finance)

Kosmos Energy Ltd. (NYSE/LSE: KOS) (“Kosmos” or the "Company"), announced today that it has priced a private offering of $350 million aggregate principal amount of its 3.125% convertible senior notes due 2030 (the "notes"), which represents a $50 million increase in principal amount from the previously announced offering size.

Key Points: 
  • Kosmos Energy Ltd. (NYSE/LSE: KOS) (“Kosmos” or the "Company"), announced today that it has priced a private offering of $350 million aggregate principal amount of its 3.125% convertible senior notes due 2030 (the "notes"), which represents a $50 million increase in principal amount from the previously announced offering size.
  • The notes will be senior, unsecured obligations of the Company.
  • The notes will rank pari passu with the Company’s existing senior notes and the Company’s revolving credit facility.
  • In the event of certain tax law changes, the Company may redeem the notes in whole, but not in part.

Kosmos Energy Ltd. Announces Offering Of $300 Million Of Convertible Senior Notes Due 2030

Retrieved on: 
Monday, March 4, 2024
Oil, Gas, Energy, Maritime, Transport, Other Energy, Observation, Sale, Exercise, Person, Security (finance)

Kosmos Energy Ltd. (NYSE/LSE: KOS) (“Kosmos” or the "Company") announced today that it intends to offer, subject to market and other conditions, $300 million aggregate principal amount of its convertible senior notes due 2030 (the "notes") in a private placement.

Key Points: 
  • Kosmos Energy Ltd. (NYSE/LSE: KOS) (“Kosmos” or the "Company") announced today that it intends to offer, subject to market and other conditions, $300 million aggregate principal amount of its convertible senior notes due 2030 (the "notes") in a private placement.
  • The notes will be senior, unsecured obligations of the Company.
  • The notes will rank pari passu with the Company’s existing senior notes and the Company’s revolving credit facility.
  • The interest rate, conversion rate and other terms of the notes are to be determined upon pricing of the offering.

Kosmos Energy Announces Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Monday, February 26, 2024
Oil, Gas, Energy, BP, Barrel, Growth, Carbon, Odd job, Torture, Water, Webcast, Hook-up, FLNG, Gulf of Mexico, ILX, FPSO, Partnership, Natural gas

Kosmos Energy Ltd. (“Kosmos” or the “Company”) (NYSE/LSE: KOS) announced today its financial and operating results for the fourth quarter of 2023.

Key Points: 
  • Kosmos Energy Ltd. (“Kosmos” or the “Company”) (NYSE/LSE: KOS) announced today its financial and operating results for the fourth quarter of 2023.
  • Total net production(2) in the fourth quarter of 2023 averaged approximately 66,000 boepd representing a ~12% increase compared to the fourth quarter of 2022.
  • The 2023 Ceiba Field and Okume Complex development rig campaign commenced in the fourth quarter of 2023.
  • Kosmos will host a conference call and webcast to discuss fourth quarter 2023 financial and operating results today, February 26, 2024, at 10:00 a.m. Central time (11:00 a.m. Eastern time).

Kosmos Energy to Host Fourth Quarter 2023 Results and Webcast on February 26, 2024

Retrieved on: 
Thursday, January 18, 2024
Energy, Other Energy, Oil, Gas, Business Wire, Telephone, Webcast, Kosmos Energy, Conference, EST, Regulatory News Service

Kosmos Energy (NYSE/LSE: KOS) announced today the following schedule for its fourth quarter 2023 results:

Key Points: 
  • Kosmos Energy (NYSE/LSE: KOS) announced today the following schedule for its fourth quarter 2023 results:
    Earnings Release: Monday, February 26, 2024, pre-UK market open via Business Wire, Regulatory News Service, and the Company’s website at www.kosmosenergy.com .
  • Conference Call: Monday, February 26, 2024, at 11:00 a.m. EST.
  • The call will be available via telephone and webcast.

Kosmos Energy Increases Working Interest and Assumes Operatorship of Yakaar-Teranga

Retrieved on: 
Monday, November 6, 2023
Oil, Gas, Energy, Knowledge, Government, KOS, FEED, Carbon, Engineering, Partnership, Natural gas, Renewable energy, LNG, Upstream, Cosmos

Kosmos Energy Ltd. (“Kosmos” or the “Company”) (NYSE/LSE: KOS) announced today that it has increased its working interest to 90% and assumed operatorship, subject to customary government approvals, of the world-scale Yakaar-Teranga gas discoveries offshore Senegal.

Key Points: 
  • Kosmos Energy Ltd. (“Kosmos” or the “Company”) (NYSE/LSE: KOS) announced today that it has increased its working interest to 90% and assumed operatorship, subject to customary government approvals, of the world-scale Yakaar-Teranga gas discoveries offshore Senegal.
  • The increase in working interest follows BP’s exit from the field.
  • As concept optimization progresses, our aim is for PETROSEN to participate as an equal partner in the full value chain with a greater working interest.
  • Kosmos Energy’s Chairman and Chief Executive Officer Andrew G. Inglis said: “Increasing our working interest and assuming operatorship of Yakaar-Teranga is a major value creation opportunity for Kosmos.

Kosmos Energy Announces Third Quarter 2023 Results

Retrieved on: 
Monday, November 6, 2023
Oil, Gas, Energy, Government, FPSO, United Kingdom, BP, Water, KOS, Barrel, Kodiak, ILX, TEN, Carbon, World of A Song of Ice and Fire, Growth, Partnership, Webcast, Odd job, Hook-up, Pharmaceutical industry, Credit, Video game, Drug, Natural gas, Construction, Jubilee, LNG, Tiberius, Cosmos

Kosmos Energy Ltd. (“Kosmos” or the “Company”) (NYSE/LSE: KOS) announced today its financial and operating results for the third quarter of 2023.

Key Points: 
  • Kosmos Energy Ltd. (“Kosmos” or the “Company”) (NYSE/LSE: KOS) announced today its financial and operating results for the third quarter of 2023.
  • Kosmos exited the third quarter of 2023 with approximately $2.4 billion of total long-term debt and approximately $2.3 billion of net debt(1) and available liquidity of approximately $0.6 billion.
  • Total net production(2) in the third quarter of 2023 averaged approximately 68,200 boepd, a ~17% increase from the second quarter, in line with guidance.
  • Kosmos will host a conference call and webcast to discuss third quarter 2023 financial and operating results today, November 6, 2023, at 10:00 a.m Central time (11:00 a.m. Eastern time).

Kosmos Energy Announces Oil Discovery in the U.S. Gulf of Mexico

Retrieved on: 
Wednesday, October 11, 2023
Oil, Gas, Energy, KOS, Equinor, Kosmos Energy, Water, Wilcox, Gulf of Mexico, Carbon, Cosmos, Petroleum, Tiberius, Occidental

Kosmos Energy (NYSE/LSE: KOS) announced today an oil discovery in the U.S. Gulf of Mexico at the Tiberius exploration well.

Key Points: 
  • Kosmos Energy (NYSE/LSE: KOS) announced today an oil discovery in the U.S. Gulf of Mexico at the Tiberius exploration well.
  • Kosmos is operator of the well and has a 33.34% working interest alongside Occidental and Equinor ASA (both 33.33%).
  • The Tiberius exploration well tested a four-way structural trap in the outboard Wilcox trend, located in Keathley Canyon Block 964.
  • The Gulf of Mexico is an advantaged basin with top quartile carbon emissions, and discoveries like Tiberius can bring lower carbon U.S. supply to meet near-term growing oil demand.”