Frontierby eninvs

Language: EN · RU

← Region

Kosmos Energy USD

At a glance: strengths & risks
✗Revenue declining (-43%)✗Profit falling (-409%)✗Loss-making last FY✗Margins compressing (38%→-5%)

Sector: Oil & gas

Geography: Ghana, Equatorial Guinea, US Gulf of Mexico

COMM_KOS

Price chart

2.54 USDDay 0.40%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
2.54 USD · 0.40%
Market cap
1.2 bn USD

Growth

Δ revenue y/y
54.7%
Δ EBITDA y/y
356.5%

Multiples

P/E (LTM)
—
P/B (FY)
2.3x
P/E (ann.)
1.6x
EV/EBITDA (LTM)
37.2x
EV/EBITDA (ann.)
2.3x

Cash return

Dividend yield
—
FCF yield (LTM)
-9.2%

Value creation

negative target market cap — net debt exceeds target EV (over-levered)
Upside (potential)
-153.0%
↓ details

Liquidity

Daily turnover (listing)
17.1 mln USD

Shares: yahoo_fundamentals_timeseries/KOS

Financial results

Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueM USDOperating profitM USDD&AM USDEBITDAM USDNet profitM USDOperating CFM USDCapex + M&AM USDAssetsM USDEquityM USDROE (annualized)Net debtM USDSource
2026-06-30Q2 2026 (3M)OK607.3
y/y 54.7%
284.9
y/y —
123.2
y/y -19.6%
408.1
y/y 356.5%
184.8
y/y —
175.0-76.44310.1
y/y -17.3%
704.9
y/y -30.7%
121.2%2570.1Link
2026-03-31Q1 2026 (3M)OK370.7
y/y 27.8%
-241.1
y/y —
122.5
y/y -0.1%
-118.6
y/y -515.9%
-225.6
y/y —
106.6-98.64783.4
y/y -9.2%
515.1
y/y -53.1%
-172.9%2769.1Link
2025-12-31Q4 2025 (3M)OK294.6
y/y —
-370.3
y/y —
145.5
y/y —
-224.8
y/y —
-377.1
y/y —
35.3-70.34696.6
y/y —
528.6
y/y —
-98.1%2964.0Link
2025-09-30Q3 2025 (3M)OK311.0
y/y -23.7%
-106.5
y/y -199.9%
143.4
y/y 16.7%
36.9
y/y -83.9%
-124.3
y/y -376.4%
-27.6-71.45089.7
y/y -7.0%
898.8
y/y -24.9%
-17.3%2914.5Link
2025-06-30Q2 2025 (3M)OK392.6
y/y -12.9%
-63.8
y/y -147.2%
153.2
y/y 65.8%
89.4
y/y -60.7%
-87.7
y/y -246.8%
127.2-125.35213.0
y/y -3.3%
1017.8
y/y -10.9%
-33.2%2798.9Link
2025-03-31Q1 2025 (3M)OK290.1
y/y -30.8%
-94.0
y/y -166.2%
122.6
y/y 18.6%
28.5
y/y -88.4%
-110.6
y/y -220.6%
-0.9-134.35269.4
y/y -1.5%
1098.2
y/y 2.5%
-38.5%2797.8Link
2024-12-31Q4 2024 (3M)OK398.0
y/y -21.7%
-140.4
y/y -181.8%
146.9
y/y 27.0%
-116.4
y/y -28.0%
-51.6
y/y -130.3%
169.5277.15309.0
y/y 7.5%
1200.4
y/y 16.3%
-2.2%2662.6Link
2024-09-30Q3 2024 (3M)OK407.8
y/y -22.5%
106.6
y/y -22.5%
122.9
y/y -8.8%
229.4
y/y -15.8%
45.0
y/y -47.2%
6.3-438.55470.9
y/y 10.1%
1196.9
y/y 19.7%
5.1%2640.3Link
2024-06-30Q2 2024 (3M)OK450.9
y/y 65.0%
135.1
y/y 154.1%
92.3
y/y -0.1%
227.5
y/y 56.2%
59.8
y/y 156.0%
223.7-476.35389.3
y/y 12.1%
1141.9
y/y 26.3%
21.6%2421.5Link
2024-03-31Q1 2024 (3M)OK419.1
y/y 6.3%
142.0
y/y 1.7%
103.3
y/y -7.7%
245.3
y/y -2.5%
91.7
y/y 10.1%
272.6-629.65350.1
y/y 13.9%
1071.6
y/y 23.3%
34.9%2400.7Link
2023-12-31Q4 2023 (3M)OK508.0
y/y —
-96.2
y/y —
115.7
y/y —
-115.3
y/y —
-63.5
y/y —
293.853.84938.1
y/y —
1032.3
y/y —
8.5%2298.1Link
2023-09-30Q3 2023 (3M)OK526.3
y/y —
137.5
y/y —
134.8
y/y —
272.4
y/y —
85.2
y/y —
249.4-390.14969.4
y/y —
999.7
y/y —
11.9%2250.5Link
2023-06-30Q2 2023 (3M)OK273.3
y/y —
53.2
y/y —
92.4
y/y —
145.6
y/y —
23.3
y/y —
18.1-386.44807.6
y/y —
903.9
y/y —
10.5%2288.0Link
2023-03-31Q1 2023 (3M)OK394.2
y/y —
139.6
y/y —
111.9
y/y —
251.6
y/y —
83.3
y/y —
203.9-447.44698.1
y/y —
869.4
y/y —
—2092.6Link

Net debt structure (leases included, IFRS 16) 2026-06-30

Short-term debt (incl. ST leases)145
Long-term debt (incl. LT leases)2 527
− Cash & equivalents102
Net debt2 570

Net debt / LTM EBITDA: 25.3x

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

-400-20002004006002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Year-over-year change

-400%-200%0%200%400%2024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Cash flow

FCF ($ mln)

-300-200-10001002002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Net debt / cash ($ mln)

01 0002 0003 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Profit and cash

Profit is cash-backed
In a typical year of 2022–2025 operating cash flow came to 4.99x of reported net profit; after capex, 2.29x. Loss years (2025) are left out of the ratio.
year20222025
cash flow / profit4.99x—
accruals, % of assets-19.7%-17.8%
capex 0.9x of depreciation · dividends 0% of free cash flow
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Production & Reserves

Physical operating metrics — supplementary, not part of the financial statements

Oil and Gas E and P

Proved reserves
249 mln boe
2025
Reserve life (R/P)
11.1 yrs
reserves ÷ annual output
Annual production
22.41 mln boe
2025

Production, mln boe

18.46201824.93201922.11202019.85202123.12202223.06202323.51202422.412025

Proved reserves

YearReserves, mln boe
2025249
2024251
2023278
2022276
2021301
2020139
2019169
2018167
2017110

Production

YearProduction, mln boeper day, mln boe
20266.64 * (3M)
+49.4%		0.07
202522.41
−4.6%		0.06
202423.51
+2.0%		0.06
202323.06
−0.3%		0.06
202223.12
+16.5%		0.06
202119.85
−10.2%		0.05
202022.11
−11.3%		0.06
201924.93
+35.1%		0.07
201818.460.05

* partial year

EI1 ___NASDAQ_press_comm (NASDAQ / SEC filings)

Key-commodity price — Brent

Current 89spot vs LTM +16%

Commodity-player potential

Target equity value is NEGATIVE: net debt exceeds target EV — over-levered at conservative EBITDA, so the upside is negative.

Upside: -153.0%

Main driver: Brent +16% vs LTM; revenue ×1.12 vs costs ×1.04; EBITDA 158→228; at 8.3× EV/EBITDA → -153%.

Product prices — moves vs the LTM average

CommodityShareSpotLTM3-yrvs LTM, $3y vs LTM
Brent (rev)+90%88.5276.5180.43+16%+5%
Henry Hub Gas (rev)+10%2.723.383.11-20%-8%
WTI Crude Oil (cost)-3%82.4071.9676.26+15%+6%
Henry Hub Gas (cost)-1%2.723.383.11-20%-8%

How it is calculated — revenue → costs → EBITDA → target market cap

1 · Reported baseline (LTM)
LTM revenue1 584
LTM EBITDA158
LTM cash costs (revenue − EBITDA)1 425
2 · Revenue projection
Revenue multiplier — spot×1.122 (+12%)
= Spot revenue1 776
Revenue multiplier — 3y price×1.038 (+4%)
= 3-year-price revenue1 644
3 · Costs projection
Cost multiplier — spot×1.041 (+4%)
= Spot cash costs1 483
Cost multiplier — 3y price×1.039 (+4%)
= 3-year-price cash costs1 481
4 · EBITDA projection (revenue − costs)
= Spot EBITDA293
= 3-year-price EBITDA163
Conservative EBITDA = min(spot, avg)228
5 · Valuation → target market cap
Historical EV/projected-EBITDA (75th pct)8.3x
Target EV = EV/EBITDA × conservative EBITDA1 893
Net debt2 621
Target market cap = EV − net debt-727
Current market cap1 371

Upside = target market cap ÷ current − 1 = -153.0%

Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.

PeriodAct. revModel revΔ revAct. EBITDAModel EBITDAΔ EBITDA
2023 Q3526385+36.7%272160+70.4%
2023 Q4508416+22.2%157129+21.4%
2024 Q1419413+1.4%245190+29.2%
2024 Q2451442+2.0%227210+8.3%
2024 Q3408445-8.3%229189+21.5%
2024 Q4398418-4.7%124181-31.4%
2025 Q1290421-31.1%29203-85.9%
2025 Q2393346+13.5%89106-16.0%
2025 Q3311346-10.2%3786-57.2%
2025 Q4295321-8.1%-22536-720.9%
2026 Q1371361+2.6%-11913-1024.3%
2026 Q2607461+31.8%46550+822.8%

EV/EBITDA — LTM vs projected

Projected EV/EBITDA 19.0x · target 75th pct (3y) 8.3x · LTM avg 8.8x

EV/EBITDA (LTM)EV/EBITDA (projected)target 75th pct (projected, 3y)

Dividends

No dividend rows found for this issuer (checked: Yahoo Finance (ex-div)).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Kosmos Energy — from primary filings.

Kosmos Energy is a deepwater exploration and production company that focuses on finding and extracting oil and natural gas. Its operations are primarily located offshore in West Africa and the Gulf of America.

Frequently asked questions

What is Kosmos Energy's EV/EBITDA?
Kosmos Energy trades at 37.2x EV/EBITDA.
What is Kosmos Energy's P/B ratio?
Kosmos Energy trades at a P/B of 2.3x.
What is Kosmos Energy's return on equity (ROE)?
Kosmos Energy's ROE is 121.2%.
What is Kosmos Energy's market capitalization?
Kosmos Energy's market cap is 1.2 bn USD.

See also: The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map