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Kosmos Energy ( (KOS) ) just unveiled an announcement.
Kosmos Energy reported a net loss of $124 million for the third quarter of 2025, with an adjusted net loss of $72 million. Despite the financial loss, the company increased its net production by 3% to approximately 65,500 barrels of oil equivalent per day, driven by the ramp-up at the Greater Tortue Ahmeyim (GTA) LNG project and increased production at Jubilee. The company has focused on reducing costs, with capital expenditures expected to be below $350 million for the year, and has taken steps to enhance its balance sheet by securing a $250 million loan from Shell. Kosmos is also advancing its hedging program to protect against commodity price volatility, with significant portions of its 2025 and 2026 oil production hedged. The company remains committed to long-term value creation through production growth, cost reduction, and debt repayment.
More about Kosmos Energy
Kosmos Energy is an oil and gas exploration and production company, primarily focused on offshore projects in regions such as Mauritania, Senegal, Ghana, and the Gulf of America. The company is involved in the production of oil and liquefied natural gas (LNG), with a strategic emphasis on increasing production, reducing costs, and enhancing financial resilience.
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