Kosmos reports Q2 EPS 5c, consensus 9c

Reports Q2 revenue $273.32M, consensus $289.53M. Total net production in the second quarter averaged approximately 58,000 boepd. Commenting on the company’s second quarter performance, chairman and CEO Andrew Inglis said: “Kosmos continued to deliver on its strategy with the commencement of production from the Jubilee South East development in July. The start up of the first of three key development projects for Kosmos is an important step to realizing the free cash flow inflection point we expect as production rises and capital spending starts to fall. With the additional production from Jubilee year-to-date, we are currently around half way to achieving our 50% production growth target from 2022 levels.”