Sector: Oil & gas
Geography: Ghana, Equatorial Guinea, US Gulf of Mexico
COMM_KOS
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.
Shares: yahoo_fundamentals_timeseries/KOS
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.
| Date | Period | Status | RevenueM USD | Operating profitM USD | D&AM USD | EBITDAM USD | Net profitM USD | Operating CFM USD | Capex + M&AM USD | AssetsM USD | EquityM USD | ROE (annualized) | Net debtM USD | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-03-31 | Q1 2026 (3M) | OK | 370.7 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 | -98.6 | 4783.4 y/y -9.2% | 515.1 y/y -53.1% | -172.9% | 2769.1 | Link |
| 2025-12-31 | Q4 2025 (3M) | OK | 294.6 y/y — | -370.3 y/y — | 145.5 y/y — | -224.8 y/y — | -377.1 y/y — | 35.3 | -70.3 | 4696.6 y/y — | 528.6 y/y — | -98.1% | 2964.0 | Link |
| 2025-09-30 | Q3 2025 (3M) | OK | 311.0 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 | -71.4 | 5089.7 y/y -7.0% | 898.8 y/y -24.9% | -17.3% | 2914.5 | Link |
| 2025-06-30 | Q2 2025 (3M) | OK | 392.6 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 | -125.3 | 5213.0 y/y -3.3% | 1017.8 y/y -10.9% | -33.2% | 2798.9 | Link |
| 2025-03-31 | Q1 2025 (3M) | OK | 290.1 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 | -134.3 | 5269.4 y/y -1.5% | 1098.2 y/y 2.5% | -38.5% | 2797.8 | Link |
| 2024-12-31 | Q4 2024 (3M) | OK | 398.0 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% | 169.5 | 277.1 | 5309.0 y/y 7.5% | 1200.4 y/y 16.3% | -2.2% | 2662.6 | Link |
| 2024-09-30 | Q3 2024 (3M) | OK | 407.8 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 | -438.5 | 5470.9 y/y 10.1% | 1196.9 y/y 19.7% | 5.1% | 2640.3 | Link |
| 2024-06-30 | Q2 2024 (3M) | OK | 450.9 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 | -476.3 | 5389.3 y/y 12.1% | 1141.9 y/y 26.3% | 21.6% | 2421.5 | Link |
| 2024-03-31 | Q1 2024 (3M) | OK | 419.1 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 | -629.6 | 5350.1 y/y 13.9% | 1071.6 y/y 23.3% | 34.9% | 2400.7 | Link |
| 2023-12-31 | Q4 2023 (3M) | OK | 508.0 y/y — | -96.2 y/y — | 115.7 y/y — | -115.3 y/y — | -63.5 y/y — | 293.8 | 53.8 | 4938.1 y/y — | 1032.3 y/y — | 8.5% | 2298.1 | Link |
| 2023-09-30 | Q3 2023 (3M) | OK | 526.3 y/y — | 137.5 y/y — | 134.8 y/y — | 272.4 y/y — | 85.2 y/y — | 249.4 | -390.1 | 4969.4 y/y — | 999.7 y/y — | 11.9% | 2250.5 | Link |
| 2023-06-30 | Q2 2023 (3M) | OK | 273.3 y/y — | 53.2 y/y — | 92.4 y/y — | 145.6 y/y — | 23.3 y/y — | 18.1 | -386.4 | 4807.6 y/y — | 903.9 y/y — | 10.5% | 2288.0 | Link |
| 2023-03-31 | Q1 2023 (3M) | OK | 394.2 y/y — | 139.6 y/y — | 111.9 y/y — | 251.6 y/y — | 83.3 y/y — | 203.9 | -447.4 | 4698.1 y/y — | 869.4 y/y — | — | 2092.6 | Link |
Quarterly values ($ mln)
Year-over-year change
FCF ($ mln)
Net debt / cash ($ mln)
Physical operating metrics — supplementary, not part of the financial statements
Oil and Gas E and P
| Year | Reserves, mln boe |
|---|---|
| 2025 | 249 |
| 2024 | 251 |
| 2023 | 278 |
| 2022 | 276 |
| 2021 | 301 |
| 2020 | 139 |
| 2019 | 169 |
| 2018 | 167 |
| 2017 | 110 |
| Year | Production, mln boe | per day |
|---|---|---|
| 2026 | 6.64 * (3M) +49.4% | 72 750 |
| 2025 | 22.41 −4.6% | 61 408 |
| 2024 | 23.51 +2.0% | 64 403 |
| 2023 | 23.06 −0.3% | 63 170 |
| 2022 | 23.12 +16.5% | 63 334 |
| 2021 | 19.85 −10.2% | 54 384 |
| 2020 | 22.11 −11.3% | 60 578 |
| 2019 | 24.93 +35.1% | 68 310 |
| 2018 | 18.46 | 50 570 |
* partial year
EI1 ___NASDAQ_press_comm (NASDAQ / SEC filings)
Current 100spot vs LTM +31%
EI1 PHP analysis (Wd_Strategy_Results_Comm.Potential_min3y) — the production commodity re-rating upside.
Upside: +45.6%
Main driver: Brent +31% vs LTM; revenue ×1.26 vs costs ×1.05; EBITDA -217→-78; at 8.3× EV/EBITDA → +46%.
Product prices — moves vs the LTM average
| Commodity | Share | Spot | LTM | 3-yr | vs LTM, $ | 3y vs LTM |
|---|---|---|---|---|---|---|
| Brent (rev) | +90% | 100.22 | 76.58 | 80.38 | +31% | +5% |
| Henry Hub Gas (rev) | +10% | 2.91 | 3.37 | 3.11 | -14% | -8% |
| WTI Crude Oil (cost) | -3% | 91.84 | 72.31 | 76.26 | +27% | +5% |
| Henry Hub Gas (cost) | -1% | 2.91 | 3.37 | 3.11 | -14% | -8% |
How it is calculated — revenue → costs → EBITDA → target market cap
| 1 · Reported baseline (LTM) | |
| LTM revenue | 1 369 |
| LTM EBITDA | -217 |
| LTM cash costs (revenue − EBITDA) | 1 586 |
| 2 · Revenue projection | |
| Revenue multiplier — spot | ×1.264 (+26%) |
| = Spot revenue | 1 730 |
| Revenue multiplier — 3y price | ×1.037 (+4%) |
| = 3-year-price revenue | 1 419 |
| 3 · Costs projection | |
| Cost multiplier — spot | ×1.045 (+5%) |
| = Spot cash costs | 1 658 |
| Cost multiplier — 3y price | ×1.039 (+4%) |
| = 3-year-price cash costs | 1 648 |
| 4 · EBITDA projection (revenue − costs) | |
| = Spot EBITDA | 73 |
| = 3-year-price EBITDA | -229 |
| Conservative EBITDA = min(spot, avg) | -78 |
| 5 · Valuation → target market cap | |
| Historical EV/projected-EBITDA (75th pct) | 8.3x |
| Target EV = EV/EBITDA × conservative EBITDA | -648 |
| Net debt | 2 922 |
| Target market cap = EV − net debt | -3 570 |
| Current market cap | 1 417 |
Upside = target market cap ÷ current − 1 = +45.6%
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.
| Period | Act. rev | Model rev | Δ rev | Act. EBITDA | Model EBITDA | Δ EBITDA |
|---|---|---|---|---|---|---|
| 2023 Q2 | 273 | 384 | -28.8% | 146 | 116 | +25.6% |
| 2023 Q3 | 526 | 385 | +36.7% | 272 | 160 | +70.4% |
| 2023 Q4 | 508 | 416 | +22.2% | 398 | 129 | +207.7% |
| 2024 Q1 | 419 | 413 | +1.4% | 245 | 251 | -2.4% |
| 2024 Q2 | 451 | 442 | +2.0% | 227 | 272 | -16.3% |
| 2024 Q3 | 408 | 445 | -8.3% | 229 | 250 | -8.4% |
| 2024 Q4 | 398 | 418 | -4.7% | 124 | 242 | -48.8% |
| 2025 Q1 | 290 | 421 | -31.1% | 29 | 203 | -85.9% |
| 2025 Q2 | 393 | 346 | +13.5% | 89 | 106 | -16.0% |
| 2025 Q3 | 311 | 346 | -10.2% | 37 | 86 | -57.2% |
| 2025 Q4 | 295 | 321 | -8.1% | -225 | 36 | -720.9% |
| 2026 Q1 | 371 | 361 | +2.6% | -119 | 13 | -1024.3% |
Projected EV/EBITDA 65.7x · target 75th pct (3y) 8.3x · LTM avg 7.6x
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.