KOSNYSECrude Petroleum & Natural GasUS GAAP · USD

Kosmos Energy Ltd.

Kosmos Energy is a U.S.-based deepwater oil and gas exploration and production company with producing assets offshore Ghana, Equatorial Guinea, Mauritania, Senegal and the Gulf of America. It develops and operates offshore fields, sells crude oil, condensate and LNG, and uses exploration success plus infrastructure-led development to extend field life and add production.

Kysy yhtiöstä
Liikevaihto1 288milj. USD
−23,1 %v/v
Nettotulos−700milj. USD
−468,6 %v/v
Vapaa kassavirta134milj. USD
−80,2 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

05001 0001 5002 0002 500milj. USD2020: 804 milj. USD20202021: 1 340 milj. USD20212022: 2 260 milj. USD20222023: 1 719 milj. USD20232024: 1 675 milj. USD20242025: 1 288 milj. USD20251 288
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Oil and gas production75 %

Production and sale of crude oil and natural gas from offshore fields in Ghana, Equatorial Guinea and the Gulf of America.

LNG and condensate sales15 %

Sales from the Greater Tortue Ahmeyim project in Mauritania and Senegal as LNG and condensate cargoes ramp up.

Exploration and appraisal5 %

Deepwater exploration, step-out wells and appraisal activity to convert discoveries into future production.

Development and infrastructure-led projects5 %

Field development, infill drilling and facilities work that support production growth and recovery.

Asiakkaat

Kosmos sells hydrocarbons to commodity buyers, including oil purchasers and LNG offtakers, rather than to end consumers. Its customer base is concentrated in national oil company partners, joint venture counterparties and contracted buyers such as BP Gas Marketing Limited for Tortue Phase 1 LNG. Revenue is therefore driven by production volumes, realized commodity prices and contract performance under long-term offtake arrangements.

LNG offtakers

Buy LNG from the GTA Phase 1 project under long-term sales agreements; Kosmos must meet minimum annual contract quantities.

Crude oil purchasers

Buy oil and condensate from producing offshore assets in Ghana, Equatorial Guinea and the Gulf of America.

National oil company partners

Co-develop projects and receive financed carry amounts repaid from future revenues, especially in Mauritania and Senegal.

Joint venture partners

Share development, operating and redetermination economics in unitized offshore assets such as Jubilee and Greater Tortue Ahmeyim.

Strategia

Kosmos is focused on extending production through infill drilling, well work and infrastructure-led exploration while selectively adding value through acquisitions. The company is also prioritizing GTA LNG ramp-up, which broadens its product mix and adds contracted gas exposure alongside oil. Capital discipline, portfolio management and disciplined development spending are central to its strategy because offshore projects are capital intensive and operationally complex.

Ramp GTA Phase 1 LNG productionLyhyt aikaväli

Adds contracted LNG cash flow and diversifies away from pure oil exposure.

Protect and grow output from producing assetsLyhyt aikaväli

Infill drilling and well work support near-term volumes and cash generation.

Advance infrastructure-led explorationKeskipitkä aikaväli

Uses existing infrastructure to improve economics and speed to production.

Optimize portfolio through acquisitions and capital allocationKeskipitkä aikaväli

Helps replace reserves and concentrate capital in higher-return offshore assets.

Maantiede

Q2/2024

Kosmos operates across a small set of offshore basins, with core production in Ghana, Equatorial Guinea, Mauritania, Senegal and the Gulf of America. The geography matters because the company is exposed to offshore regulation, host-country fiscal terms, partner alignment and infrastructure availability in each basin. Mauritania and Senegal are becoming more important as GTA LNG ramps, while Ghana and Equatorial Guinea remain key oil-producing hubs.

Ghana90 %
GQ9,9 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

Kosmos faces the usual upstream risks of reserve uncertainty, dry holes, cost inflation and commodity price volatility, but its offshore focus adds higher execution and regulatory complexity. The company is also exposed to partner and offtake obligations, including LNG delivery commitments and carry advances that must be repaid from future revenues. Offshore spill-response requirements, cybersecurity, debt and geopolitical/host-country risks can materially affect cash flow and project timing.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Exploration and development failure1Offshore regulatory and environmental compliance2Counterparty and partner obligations3Commodity price volatility4Cybersecurity and operational disruption5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Exploration and development failureVaikutus: KorkeaTodennäköisyys: Korkea

    Deepwater drilling is speculative and wells may not find commercial volumes.

    Kohdistuu: Winterfell-style step-out wells and appraisal drilling

  2. Offshore regulatory and environmental complianceVaikutus: KorkeaTodennäköisyys: Korkea

    U.S. Gulf spill-response rules and host-country regulations increase cost and delay risk.

    Kohdistuu: Gulf of America operations and OSRP requirements

  3. Counterparty and partner obligationsVaikutus: KorkeaTodennäköisyys: Korkea

    Carry advances and LNG delivery commitments can require funding or penalties if volumes underperform.

    Kohdistuu: Tortue Phase 1 SPA and national oil company carry agreements

  4. Commodity price volatilityVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Revenue depends on realized oil, gas and LNG prices, which can move sharply.

    KohdistuuOilLNGCondensate sales
  5. Cybersecurity and operational disruptionVaikutus: KeskitasoTodennäköisyys: Matala

    A breach could interrupt offshore operations, data systems or partner interfaces.

    Kohdistuu: Corporate systems and business partners

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition on hydrocarbon sales

Revenue is booked when volumes are sold, which can differ from entitlement and production timing.

Vaikutus: Affects reported oil and gas revenue and period comparability

Derivative and hedging accounting

Changes in forward oil prices create gains or losses on outstanding hedge positions.

Vaikutus: Can materially affect quarterly earnings

Proved reserves and depletion estimates

Reserve estimates drive depreciation/depletion and impairment assessments for upstream assets.

Vaikutus: Affects operating profit and asset carrying values

Carry advances and long-term receivables

Amounts financed for national oil company partners are repaid from future project revenues.

Vaikutus: Affects balance sheet classification and credit risk

Asset retirement obligations and impairment

Offshore decommissioning and long-lived asset recoverability require significant estimates.

Vaikutus: Can change liabilities and asset values materially

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Genesis Energy, L.P

GEL · Pipe Lines (No Natural Gas)

Global Gas Corp

HGASW · Industrial Inorganic Chemicals

ConocoPhillips

COP · Petroleum Refining

Talos Energy, Inc

TALO · Crude Petroleum & Natural Gas

Atmos Energy Corporation

ATO · Natural Gas Distribution

Comstock Resources, Inc

CRK · Crude Petroleum & Natural Gas

Päivitetty: 24.9.2026

Kosmos Energy Ltd. (KOS) liikevaihto, tulos ja tunnusluvut 2025 – Clarifo