Kosmos Energy Ltd (KOS) financial statements: income statement, balance sheet and cash flow

Kosmos Energy Ltd's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Kosmos Energy Ltd reported revenue of $1.3B (-22.9% year on year) and net income of ($699.8M) (-468.6% year on year).

Income statement

Kosmos Energy Ltd income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Oil and gas revenue	$1.3B	$1.7B	$1.7B	$2.2B
Gain on sale of assets	$2.2M	$0	$0	$50.5M
Other income, net	$1.1M	$204.0K	($73.0K)	$3.9M
Total revenues and other income	$1.3B	$1.7B	$1.7B	$2.3B
Oil and gas production	$708.9M	$530.5M	$390.1M	$403.1M
Exploration expenses	$223.6M	$119.9M	$42.3M	$134.2M
General and administrative	$76.1M	$100.2M	$99.5M	$100.9M
Depletion, depreciation and amortization	$556.8M	$456.8M	$444.9M	$498.3M
Impairment of long-lived assets	$177.6M	$0	$222.3M	$450.0M
Interest and other financing costs, net	$223.4M	$88.6M	$95.9M	$118.3M
Derivatives, net	($53.7M)	$12.1M	$11.1M	$260.9M
Other expenses, net	$13.5M	$17.7M	$23.7M	($9.1M)
Total costs and expenses	$1.9B	$1.3B	$1.3B	$2.0B
Income (loss) before income taxes	($634.6M)	$349.8M	$371.7M	$337.1M
Total tax expense	$65.2M	$160.0M	$158.2M	$110.5M
Net income (loss)	($699.8M)	$189.9M	$213.5M	$226.6M
Basic (in dollars per share)	-$1.47	$0.40	$0.46	$0.50
Diluted (in dollars per share)	-$1.47	$0.40	$0.44	$0.48
Basic (in shares)	477.6M	470.8M	459.6M	455.3M
Diluted (in shares)	477.6M	476.7M	481.1M	474.9M

Kosmos Energy Ltd income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Oil and gas revenue	$607.3M	$370.7M	$311.0M	$392.6M
Gain on sale of assets	$9.4M	—	$0	$600.0K
Other income, net	$361.0K	$169.0K	$270.0K	$283.0K
Total revenues and other income	$617.0M	$370.9M	$311.2M	$393.5M
Oil and gas production	$179.4M	$130.6M	$147.7M	$243.1M
Exploration expenses	$3.2M	$19.7M	$54.9M	$4.1M
General and administrative	$19.3M	$27.7M	$12.9M	$19.1M
Depletion, depreciation and amortization	$120.5M	$119.9M	$141.5M	$151.3M
Interest and other financing costs, net	$53.7M	$58.8M	$57.9M	$54.8M
Derivatives, net	($51.8M)	$252.0M	($3.6M)	($21.6M)
Other expenses, net	$10.3M	$3.3M	$6.4M	$6.5M
Total costs and expenses	$334.6M	$612.0M	$417.7M	$457.3M
Income (loss) before income taxes	$282.5M	($241.1M)	($106.5M)	($63.8M)
Income tax expense	$97.7M	($15.5M)	$17.8M	$24.0M
Net income (loss)	$184.8M	($225.6M)	($124.3M)	($87.7M)
Basic (in dollars per share)	$0.31	-$0.45	-$0.26	-$0.18
Diluted (in dollars per share)	$0.31	-$0.45	-$0.26	-$0.18
Basic (in shares)	593.4M	506.2M	478.3M	478.1M
Diluted (in shares)	604.7M	506.2M	478.3M	478.1M

Balance sheet

Kosmos Energy Ltd balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and cash equivalents	$91.5M	$85.0M	$95.3M	$183.4M
Receivables	$103.5M	$165.0M	$120.7M	—
Inventories	$172.6M	$170.9M	$152.1M	$133.5M
Prepaid expenses and other	$12.4M	$16.4M	$46.2M	$24.7M
Derivatives	$47.8M	$8.9M	$8.3M	$7.3M
Total current assets	$427.9M	$446.1M	$422.7M	$468.7M
Property and equipment, net	$3.7B	$4.4B	$4.2B	$3.8B
Restricted cash	$26.2M	$305.0K	$3.4M	$0
Long-term receivables	$458.8M	$385.5M	$325.2M	$235.7M
Deferred tax assets	$3.9M	$4.7M	$3.0M	—
Derivatives	$2.7M	$512.0K	$1.6M	$1.7M
Other	$43.3M	$27.6M	$22.0M	$23.4M
Total assets	$4.7B	$5.3B	$4.9B	$4.6B
Accounts payable	$202.6M	$350.0M	$248.9M	$212.3M
Accrued liabilities	$237.6M	$245.0M	$302.8M	$325.2M
Current maturities of long-term debt	$132.1M	—	$0	$30.0M
Total current liabilities	$572.3M	$594.9M	$554.8M	$574.3M
Long-term debt, net	$2.9B	$2.7B	$2.4B	$2.2B
Asset retirement obligations	$327.0M	$406.9M	$344.0M	$300.8M
Deferred tax liabilities	$305.9M	$313.4M	$363.9M	$468.4M
Other long-term liabilities	$42.2M	$48.6M	$252.2M	$252.0M
Total long-term liabilities	$3.6B	$3.5B	$3.4B	$3.2B
Preference shares, $0.01 par value; 200,000,000 authorized shares; zero issued at December 31, 2025 and December 31, 2024	0	0	0	0
Common stock, $0.01 par value; 2,000,000,000 authorized shares; 522,590,223 and 516,158,749 issued at December 31, 2025 and December 31, 2024, respectively	5.2M	5.2M	5.0M	5.0M
Additional paid-in capital	$2.5B	$2.5B	$2.5B	$2.5B
Accumulated deficit	($1.8B)	($1.1B)	($1.3B)	($1.5B)
Treasury stock, at cost, 44,263,269 shares at December 31, 2025 and December 31, 2024, respectively	-237.0M	-237.0M	-237.0M	-237.0M
Total stockholders’ equity	$528.6M	$1.2B	$1.0B	$787.8M
Total liabilities and stockholders’ equity	$4.7B	$5.3B	$4.9B	$4.6B

Kosmos Energy Ltd balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash and cash equivalents	$102.1M	$130.0M	$64.0M	$51.7M
Restricted cash	$23.5M	—	—	—
Receivables	$113.0M	$110.5M	$103.3M	$117.8M
Inventories	$139.9M	$182.7M	$164.4M	$163.2M
Prepaid expenses and other	$13.7M	$11.5M	$14.8M	$14.7M
Derivatives	$459.0K	$0	$19.0M	$16.0M
Total current assets	$392.7M	$453.4M	$365.6M	$363.4M
Property and equipment, net	$3.4B	$3.4B	$4.2B	$4.4B
Restricted cash	$30.6M	$30.6M	$14.0M	$305.0K
Long-term receivables	$472.9M	$465.6M	$451.5M	$444.7M
Deferred tax assets	$2.8M	$2.8M	$4.0M	$4.0M
Derivatives	$2.3M	$0	$3.0M	$3.7M
Other	$57.3M	$54.6M	$43.0M	$39.1M
Total assets	$4.3B	$4.8B	$5.1B	$5.2B
Accounts payable	$162.0M	$195.0M	$200.8M	$312.9M
Accrued liabilities	$343.9M	$332.1M	$251.3M	$240.6M
Current maturities of long-term debt	$145.3M	$30.2M	$250.0M	$250.0M
Derivatives	$11.6M	$156.2M	$3.2M	$5.8M
Total current liabilities	$662.8M	$757.1M	$705.4M	$809.3M
Long-term debt, net	$2.5B	$2.9B	$2.7B	$2.6B
Derivatives	$5.1M	$14.9M	$278.0K	$626.0K
Asset retirement obligations	$203.4M	$196.3M	$399.7M	$425.1M
Deferred tax liabilities	$177.4M	$134.8M	$313.4M	$314.4M
Other long-term liabilities	$29.6M	$38.7M	$43.7M	$45.3M
Total long-term liabilities	$2.9B	$3.5B	$3.5B	$3.4B
Preference shares, $0.01 par value; 200,000,000 authorized shares; zero issued at June 30, 2026 and December 31, 2025	0	0	0	0
Common stock, $0.01 par value; 2,000,000,000 authorized shares; 638,126,969 and 522,590,223 issued at June 30, 2026 and December 31, 2025, respectively	6.4M	6.4M	5.2M	5.2M
Additional paid-in capital	$2.8B	$2.8B	$2.5B	$2.5B
Accumulated deficit	($1.8B)	($2.0B)	($1.4B)	($1.3B)
Treasury stock, at cost, 44,263,269 shares at June 30, 2026 and December 31, 2025, respectively	-237.0M	-237.0M	-237.0M	-237.0M
Total stockholders’ equity	$704.9M	$515.1M	$898.8M	$1.0B
Total liabilities and stockholders’ equity	$4.3B	$4.8B	$5.1B	$5.2B

Cash flow statement

Kosmos Energy Ltd cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net income (loss)	($699.8M)	$189.9M	$213.5M	$226.6M
Depletion, depreciation and amortization (including deferred financing costs)	$564.7M	$465.5M	$454.8M	$508.7M
Deferred income taxes	($6.7M)	($52.2M)	($107.6M)	($197.5M)
Unsuccessful well costs and leasehold impairments	$202.5M	$74.5M	$2.2M	$86.9M
Impairment of long-lived assets	$177.6M	$0	$222.3M	$450.0M
Change in fair value of derivatives	($45.0M)	$14.7M	$28.3M	$275.5M
Cash settlements on derivatives, net (including $10.4 million and $(12.5) million and $(16.4) million on commodity hedges during 2025, 2024, and 2023)	$6.2M	($19.7M)	($32.4M)	—
Equity-based compensation	$28.0M	$38.0M	$42.7M	$34.5M
Gain on sale of assets	($2.2M)	$0	$0	($50.5M)
Debt modifications and extinguishments	$195.0K	$25.2M	$1.5M	$192.0K
Other	($21.9M)	($13.7M)	$5.7M	($10.1M)
(Increase) decrease in receivables	$92.2M	($63.3M)	($16.2M)	$68.8M
(Increase) decrease in inventories and prepaid expenses	($6.6M)	$5.0M	($45.7M)	—
Increase (decrease) in accounts payable and accrued liabilities	($155.0M)	$14.5M	($4.1M)	—
Net cash provided by operating activities	$134.0M	$678.2M	$765.2M	$1.1B
Oil and gas assets	($314.4M)	($933.7M)	($932.6M)	($787.3M)
Notes receivable and other investing activities	($86.8M)	($32.4M)	—	—
Net cash used in investing activities	($401.2M)	($966.1M)	($994.9M)	($703.9M)
Borrowings under long-term debt	$675.0M	$325.0M	$300.0M	$0
Payments on long-term debt	($225.0M)	($350.0M)	($145.0M)	($405.0M)
Net proceeds from issuance of senior notes	$0	$885.3M	$0	$0
Repurchase and redemption of senior notes	($150.0M)	($499.5M)	—	—
Purchase of capped call transactions	$0	($49.8M)	—	—
Dividends	$0	$0	($166.0K)	($655.0K)
Other financing costs	($346.0K)	($36.6M)	($13.2M)	—
Net cash provided by financing activities	$299.7M	$274.3M	$141.6M	($414.7M)
Net increase (decrease) in cash, cash equivalents and restricted cash	$32.5M	($13.5M)	($88.1M)	$11.9M
Cash, cash equivalents and restricted cash at beginning of period	$85.3M	$98.8M	$98.8M	$186.8M
Cash, cash equivalents and restricted cash at end of period	$117.7M	$85.3M	$186.8M	$174.9M

Kosmos Energy Ltd cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Net loss	($40.8M)	($225.6M)	($322.6M)	($198.3M)
Depletion, depreciation and amortization (including deferred financing costs)	$245.7M	$122.5M	$419.1M	$275.7M
Deferred income taxes	($1.3M)	($49.0M)	$686.0K	$1.6M
Unsuccessful well costs and leasehold impairments	$14.0M	$14.5M	$51.4M	$162.0K
Change in fair value of derivatives	$262.3M	$303.0M	($10.7M)	($7.9M)
Cash settlements on derivatives, net (including $(135.7) million and $9.7 million on commodity hedges during 2026 and 2025)	($198.7M)	($81.3M)	$2.8M	$6.3M
Equity-based compensation	$14.1M	$6.0M	$21.0M	$15.7M
Gain on sale of assets	($9.4M)	—	($600.0K)	($600.0K)
Debt modifications and extinguishments	($1.1M)	($1.2M)	$0	$0
Other	($20.8M)	($7.6M)	($11.5M)	($8.5M)
(Increase) decrease in receivables	($20.0M)	($3.1M)	$76.5M	$70.7M
Decrease in inventories and prepaid expenses	$17.2M	($20.6M)	($42.0K)	$7.5M
Increase (decrease) in accounts payable and accrued liabilities	$20.4M	$49.0M	($127.3M)	($36.1M)
Net cash provided by operating activities	$281.6M	$106.6M	$98.7M	$126.3M
Oil and gas assets	($163.5M)	($87.0M)	($244.1M)	($172.8M)
Proceeds on sale of assets	$127.0M	—	—	—
Notes receivable and other investing activities	($11.6M)	($11.6M)	($86.8M)	($86.8M)
Net cash used in investing activities	($48.0M)	($98.6M)	($330.9M)	($259.6M)
Borrowings under long-term debt	$124.2M	$124.2M	$375.0M	$200.0M
Payments on long-term debt	($504.7M)	($277.7M)	($150.0M)	($100.0M)
Net proceeds from issuance of senior notes and bonds	$350.0M	$350.0M	—	—
Repurchase and redemption of senior notes	($347.2M)	($347.0M)	$0	—
Net proceeds from issuance of common stock	$206.4M	$206.4M	—	—
Payments on finance lease	($15.0M)	($5.3M)	—	—
Other financing costs	($8.8M)	($7.7M)	($1.0K)	($1.0K)
Net cash provided by (used in) financing activities	($195.0M)	$42.9M	$225.0M	$100.0M
Net increase (decrease) in cash, cash equivalents and restricted cash	$38.5M	$50.8M	($7.2M)	($33.3M)
Cash, cash equivalents and restricted cash at beginning of period	$117.7M	$117.7M	$85.3M	$85.3M
Cash, cash equivalents and restricted cash at end of period	$156.2M	$168.5M	$78.1M	$52.0M
Interest, net of capitalized interest	$108.5M	$37.9M	—	—
Income taxes, net of refund received	$47.9M	$25.5M	$90.3M	$69.3M

Kosmos Energy Ltd score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.