Kosmos Energy Ltd is an international oil and gas exploration and production company focused on discovering and developing offshore resources primarily in emerging markets
The company leverages advanced technology and a strategic approach to identify and extract hydrocarbon reserves, with a notable emphasis on sustainability and responsible resource management. Kosmos operates in several regions, including West Africa and the Gulf of Mexico, and is committed to creating long-term value for shareholders while contributing to the economic development of the areas in which it operates.
Kosmos reported a 28% year-over-year decline in its fourth-quarter revenue to $397.656 million, topping a Street estimate of $393.40 million. The company posted an adjusted earnings loss of $0.03, wider than an estimated loss of $0.02.
The major indices struggled to maintain early momentum on Monday, but appear to climbing back with the S&P 500 and Dow Jones both green in midday trading.
KOS shares up premarket as gas production begins at Greater Tortue Ahmeyim LNG project in Mauritania and Senegal, with expected first cargo in Q1 2025.
Kosmos Energy Ltd. shares rise as oil production begins at Winterfell in U.S. Gulf of Mexico. The first phase of the development, with five wells in total, is expected to deliver around 100 million barrels of oil equivalent with upside from subsequent phases.
U.S. stocks were slightly higher, with the Nasdaq Composite gaining around 10 points on Monday. Shares of Surgery Partners, Inc. (NASDAQ: SGRY) fell sharply during Monday’s session following weak quarterly sales.
