Tearsheet

Kosmos Energy (KOS)

Market Price (12/4/2025): $1.1 | Market Cap: $526.1 Mil
Sector: Energy | Industry: Oil & Gas Exploration & Production

Kosmos Energy (KOS)

Market Price (12/4/2025): $1.1
Market Cap: $526.1 Mil
Sector: Energy
Industry: Oil & Gas Exploration & Production

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%	Weak multi-year price returns 2Y Excs Rtn is -134%, 3Y Excs Rtn is -155%	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -105 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -7.6%
1	Megatrend and thematic drivers Megatrends include Global Energy Supply. Themes include Deepwater Oil & Gas Exploration & Production, and LNG Project Development & Supply.	Meaningful short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12%	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 367%
2			Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -22%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -14%, Rev Chg QQuarterly Revenue Change % is -24%
3			Not cash flow generative FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -9.4%
4			Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -46%

0	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%
1	Megatrend and thematic drivers Megatrends include Global Energy Supply. Themes include Deepwater Oil & Gas Exploration & Production, and LNG Project Development & Supply.
2	Weak multi-year price returns 2Y Excs Rtn is -134%, 3Y Excs Rtn is -155%
3	Meaningful short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12%
4	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -105 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -7.6%
5	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 367%
6	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -22%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -14%, Rev Chg QQuarterly Revenue Change % is -24%
7	Not cash flow generative FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -9.4%
8	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -46%

Valuation, Metrics & Events

	12/4/25	2024	2023	2022	2021
Share Price CYE	$1.10	$3.42	$6.71	$6.36	$3.46
Market Cap CYE ($ Mil)	526.1	1,613.9	3,087.5	2,899.6	1,535.4
Total Debt ($ Mil)	2,978.5	2,744.7	2,390.9	2,225.9	2,620.5
Total Cash ($ Mil)	64.0	85.0	95.3	183.4	131.6
Enterprise Value ($ Mil)	3,440.5	4,358.6	5,478.4	5,125.5	4,155.9
Valuation Ratios
P/S TTM	0.6	1.0	1.8	1.3	1.1
P/EBIT TTM	-8.3	3.8	6.5	6.3	21.1
P/E TTM	-2.4	8.5	14.4	12.8	-18.5
Sector Ratios
P/S TTM (Sector)	0.0	0.0	0.0	0.0	0.0
P/EBIT TTM (Sector)	0.0	0.0	0.0	0.0	0.0
P/E TTM (Sector)	0.0	0.0	0.0	0.0	0.0

	12/4/25	2024	2023
Share Price CYE	$1.10	$3.42	$6.71
Market Cap CYE ($ Mil)	526.1	1,613.9	3,087.5
Total Debt ($ Mil)	2,978.5	2,744.7	2,390.9
Total Cash ($ Mil)	64.0	85.0	95.3
Enterprise Value ($ Mil)	3,440.5	4,358.6	5,478.4
Valuation Ratios
P/S TTM	0.6	1.0	1.8
P/EBIT TTM	-8.3	3.8	6.5
P/E TTM	-2.4	8.5	14.4
Sector Ratios
P/S TTM (Sector)	0.0	0.0	0.0
P/EBIT TTM (Sector)	0.0	0.0	0.0
P/E TTM (Sector)	0.0	0.0	0.0

	KOS	S&P 500
REVENUE GROWTH	VERY POOR
Rev LTM ($ Bil)	1.4
Rev Chg Q	-23.7%	7.1%
Rev Chg LTM	-22.1%	6.1%
Rev Chg 3Y Avg	-14.5%	5.5%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	-0.1
CFO LTM ($ Bil)	0.3
Net Inc LTM ($ Bil)	-0.3
Op Mgn LTM	-7.6%	18.8%
CFO/Rev LTM	19.7%	20.5%
Net Inc Mgn	-23.7%	13.1%
VALUATION	VERY LOW
P/S	0.6	3.2
P/CFO	2.9	15.8
P/FCF	-6.1	20.5
P/E	-2.4	23.5
STABILITY	VERY POOR
Debt/Equity	3.72	0.20
Cash/Assets	0.01	0.07

AI Generated Analysis | Feedback

Metric	Value	Date	Source
Net Production	approximately 65,500 barrels of oil equivalent per day	9302025	Link
Proved (1P) Reserves	approximately 250 million barrels of oil equivalent	12312024	Link
Proved plus Probable (2P) Reserves	approximately 530 million boe	12312024	Link
2P Reserve Replacement Ratio	137%	12312024	Link
Gross LNG Cargos Lifted (Greater Tortue Ahmeyim)	6.8	9302025	Link
Hedged Oil Production for 2026	8.5 million barrels	11032025	Link
Production Guidance - Q4 2025	66,000-72,000 boepd	11032025	Link
Production Guidance - Full Year 2025	approximately 65,000 boepd	11032025	Link

Upcoming
2/23/2026	Earnings Release	Rev: - EPS: -

KOS Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

From approximately August 31, 2025, to December 4, 2025, Kosmos Energy (KOS) experienced a stock decline of 39.1% due to several key factors: 1. Significant Q3 2025 Earnings Miss: Kosmos Energy announced its third-quarter 2025 results on November 3, 2025, reporting a net loss of $124 million, or $0.26 per diluted share, and an adjusted net loss of $72 million, or $0.15 per diluted share. This performance missed analysts' consensus estimates for both earnings per share and revenue, which was reported at $311 million against an estimated $360.82 million.

2. Substantial Year-over-Year Decline in Net Income: The net loss of $124.3 million in Q3 2025 represented a significant deterioration compared to a net income of $44.97 million in the third quarter of 2024, marking a 376.4% decline.

Stock Movement Drivers

Fundamental Drivers

The -35.1% change in KOS stock from 9/3/2025 to 12/3/2025 was primarily driven by a -30.6% change in the company's P/S Multiple.

	9032025	12032025	Change
Stock Price ($)	1.68	1.09	-35.12%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1488.12	1391.29	-6.51%
P/S Multiple	0.54	0.37	-30.58%
Shares Outstanding (Mil)	478.07	478.25	-0.04%
Cumulative Contribution			-35.12%

LTM = Last Twelve Months as of date shown

Market Drivers

9/3/2025 to 12/3/2025

	Return	Correlation
KOS	-35.1%
Market (SPY)	6.2%	11.9%
Sector (XLE)	3.8%	60.5%

Fundamental Drivers

The -39.8% change in KOS stock from 6/4/2025 to 12/3/2025 was primarily driven by a -32.7% change in the company's P/S Multiple.

	6042025	12032025	Change
Stock Price ($)	1.81	1.09	-39.78%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1546.39	1391.29	-10.03%
P/S Multiple	0.56	0.37	-32.70%
Shares Outstanding (Mil)	475.68	478.25	-0.54%
Cumulative Contribution			-39.78%

LTM = Last Twelve Months as of date shown

Market Drivers

6/4/2025 to 12/3/2025

	Return	Correlation
KOS	-39.8%
Market (SPY)	15.1%	8.7%
Sector (XLE)	13.0%	68.6%

Fundamental Drivers

The -71.4% change in KOS stock from 12/3/2024 to 12/3/2025 was primarily driven by a -62.8% change in the company's P/S Multiple.

	12032024	12032025	Change
Stock Price ($)	3.81	1.09	-71.39%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1785.56	1391.29	-22.08%
P/S Multiple	1.01	0.37	-62.78%
Shares Outstanding (Mil)	471.82	478.25	-1.36%
Cumulative Contribution			-71.40%

LTM = Last Twelve Months as of date shown

Market Drivers

12/3/2024 to 12/3/2025

	Return	Correlation
KOS	-71.4%
Market (SPY)	14.3%	38.9%
Sector (XLE)	-0.5%	66.3%

Fundamental Drivers

The -83.0% change in KOS stock from 12/4/2022 to 12/3/2025 was primarily driven by a -70.5% change in the company's P/S Multiple.

	12042022	12032025	Change
Stock Price ($)	6.42	1.09	-83.02%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	2308.00	1391.29	-39.72%
P/S Multiple	1.27	0.37	-70.45%
Shares Outstanding (Mil)	455.84	478.25	-4.92%
Cumulative Contribution			-83.06%

LTM = Last Twelve Months as of date shown

Market Drivers

12/4/2023 to 12/3/2025

	Return	Correlation
KOS	-83.6%
Market (SPY)	53.2%	36.3%
Sector (XLE)	15.0%	65.0%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
KOS Return	-58%	47%	84%	6%	-49%	-69%	-81%
Peers Return	-44%	83%	78%	14%	-8%	11%	110%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
KOS Win Rate	42%	58%	67%	42%	25%	30%
Peers Win Rate	40%	63%	63%	55%	43%	46%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
KOS Max Drawdown	-91%	-22%	0%	-15%	-60%	-69%
Peers Max Drawdown	-73%	-2%	0%	-16%	-18%	-21%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: CVI, NOG, BSM, COP, CNQ.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

Unique Key	Event	KOS	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-52.7%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	111.4%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	60 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-92.1%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	1162.3%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	736 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-62.4%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	166.0%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	Not Fully Recovered days	120 days

Compare to CVI, NOG, BSM, COP, CNQ

In The Past

Kosmos Energy's stock fell -52.7% during the 2022 Inflation Shock from a high on 6/24/2021. A -52.7% loss requires a 111.4% gain to breakeven.

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Asset Allocation

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About Kosmos Energy (KOS)

Kosmos Energy Ltd., a deep-water independent oil and gas exploration and production company, focuses along the Atlantic Margins. The company's primary assets include production offshore Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico, as well as a gas development offshore Mauritania and Senegal. It also maintains a proven basin exploration program. The company was founded in 2003 and is headquartered in Dallas, Texas.

AI Generated Analysis | Feedback

1. An independent deepwater oil and gas exploration and production company, like a specialized 'scout team' for new energy sources in the ocean, compared to an integrated major like Shell.

2. A 'pure-play' deepwater oil and gas firm, similar to a standalone version of ExxonMobil's upstream (exploration and production) division.

AI Generated Analysis | Feedback

Oil and Gas Exploration: This service involves identifying and evaluating new prospective hydrocarbon reservoirs globally.
Oil and Gas Development: This service encompasses the planning, engineering, and construction of infrastructure required to bring discovered reserves into production.
Oil and Gas Production: This service involves the extraction, processing, and sale of crude oil, natural gas, and associated liquids from their operated and non-operated fields.

AI Generated Analysis | Feedback

Kosmos Energy (KOS) is an independent oil and gas exploration and production company. As such, it sells its crude oil and natural gas production primarily to other companies rather than individuals. Its major customers include refiners, integrated oil and gas companies, and commodity traders.

Based on their latest public filings, the major customer companies for Kosmos Energy are:

Glencore Energy UK Ltd. (a subsidiary of Glencore plc) - Public Company Symbol: GLEN.L (London Stock Exchange)
CNOOC International Ltd. (a subsidiary of CNOOC Limited) - Public Company Symbol: 0883.HK (Hong Kong Stock Exchange)
Unipec Asia Co. Ltd. (a subsidiary of Sinopec - China Petroleum & Chemical Corporation) - Public Company Symbol: SNP (NYSE)

AI Generated Analysis | Feedback

Golar LNG (GLNG)
Noble Corporation (NE)
TechnipFMC (FTI)

AI Generated Analysis | Feedback

Andrew G. Inglis, Chief Executive Officer and Chairman of the Board of Directors
Mr. Inglis joined Kosmos on March 1, 2014. He has over 30 years of experience in the oil and gas industry. Prior to Kosmos, he served as Chief Executive of the Integrated Energy Services business at Petrofac and was a member of their board of directors. Before Petrofac, Mr. Inglis spent three decades with BP, most recently as CEO of its exploration and production business and an executive director on the BP board from 2007 to 2010. He also served as BP executive vice president and deputy chief executive of exploration and production from 2004 to 2007, where he was responsible for BP's growth areas. He is a former non-executive director of BAE Systems plc and TNK-BP Ltd.

Neal D. Shah, Senior Vice President and Chief Financial Officer
Mr. Shah became Chief Financial Officer in May 2020. He joined Kosmos in 2010 and has held various roles of increasing responsibility in finance, treasury, investor relations, and international operations, including leading the Equatorial Guinea business unit. Before joining Kosmos, Mr. Shah was an investment banker at Morgan Stanley in Houston, advising oil and gas companies, primarily in the upstream and midstream sectors.

Christopher Ball, Senior Vice President and Chief Commercial Officer
Mr. Ball joined Kosmos in July 2013 and leads the company's business development and planning functions.

Tim Nicholson, Senior Vice President, Exploration
Mr. Nicholson serves as the Senior Vice President of Exploration at Kosmos Energy.

Joe Mensah, Senior Vice President and Head of Ghana Business Unit
Mr. Mensah holds the position of Senior Vice President and Head of the Ghana Business Unit.

AI Generated Analysis | Feedback

Accelerating global energy transition towards renewables and decarbonization, leading to reduced long-term demand for hydrocarbons, increased cost of capital for fossil fuel projects, and the risk of stranded assets.
Increasingly restrictive access to capital and insurance for fossil fuel projects, driven by Environmental, Social, and Governance (ESG) mandates and investor pressure, potentially hindering KOS's ability to finance new developments or expand existing operations.

AI Generated Analysis | Feedback

Kosmos Energy, a deepwater exploration and production company, primarily deals in crude oil and natural gas. The addressable markets for these main products span globally and across their operational regions, including Africa (Ghana, Equatorial Guinea, Mauritania/Senegal) and the U.S. Gulf of Mexico.

Crude Oil

Global Market: The global crude oil market was valued at approximately USD 739.88 billion in 2023 and is projected to reach USD 853.5 billion by 2032. Another estimate indicates the global crude oil market size was recorded at USD 2904.87 billion in 2021 and is expected to reach USD 3415.7 billion by the end of 2025, growing at a CAGR of 4.133% from 2025 to 2033. In 2022, the market size exceeded USD 2 trillion. Global oil demand is projected to increase by 680 thousand barrels per day (kb/d) in 2025 and 700 kb/d in 2026, reaching 104.4 million barrels per day (mb/d).
Africa Market: Africa's crude oil production reached 6.9 million barrels per day in 2020, accounting for 7.8% of global production. The continent's domestic crude demand is anticipated to increase from 1.8 million barrels per day (bpd) in 2024 to 4.5 million bpd by 2050.
U.S. Gulf of Mexico Market: The crude oil production in the Federal Offshore Gulf of Mexico is forecast to average 1.80 million barrels per day (b/d) in 2025 and 1.81 million b/d in 2026. In 2023, deepwater oil output in the Gulf of Mexico was approximately 1.8 million barrels per day, contributing over 15% of the total U.S. crude oil production. The Gulf of Mexico Outer Continental Shelf (OCS) holds an estimated mean of 44.9 billion barrels of undiscovered technically recoverable crude oil.

Natural Gas

Global Market: The global natural gas market size was valued at USD 1127.09 billion in 2023 and is expected to grow to USD 2142.88 billion by 2032, demonstrating a CAGR of 7.4% during the forecast period (2025-2032). Another projection indicates growth from USD 1,186.56 billion in 2024 to USD 1,823.77 billion in 2032, with a CAGR of 5.52%. Global natural gas demand growth is forecast to slow to approximately 1.3% in 2025 before picking up to around 2% in 2026.
Africa Market: The African natural gas market size was estimated at approximately USD 50 billion in 2023 and is projected to reach around USD 75 billion by 2030, with a compound annual growth rate (CAGR) of 5-7% between 2024 and 2030. Africa's natural gas consumption is anticipated to increase by 4% in 2025. Furthermore, natural gas demand in Africa is expected to grow from 170 billion cubic meters (m³) in 2023 to 385 billion m³ by 2050. Africa's natural gas production is projected to increase from 252 billion m³ in 2023 to 502 billion m³ by 2050.
U.S. Gulf of Mexico Market: The overall Gulf of Mexico (GOM) oil and gas market, which includes natural gas, was valued at USD 52.20 billion in 2024 and is projected to reach USD 73.67 billion by 2032, with a CAGR of 4.4%. Undiscovered technically recoverable natural gas resources in the Hosston and Travis Peak formations offshore the U.S. Gulf of Mexico are estimated at 35.8 trillion cubic feet (Tcf). The U.S. Gulf Coast natural gas market is expected to see significant expansion, with demand projected to grow over 28 billion cubic feet per day (bcfd) by 2050. Natural gas production in the Gulf of America is expected to average 1.72 billion cubic feet per day (Bcf/d) in 2025 and 1.64 Bcf/d in 2026. The U.S. natural gas market is estimated to be valued at USD 569.3 million by the end of 2031, growing from USD 458.9 million in 2024, with a CAGR of 3.1%.

AI Generated Analysis | Feedback

Kosmos Energy (KOS) is expected to drive future revenue growth over the next 2-3 years through several key operational advancements and project expansions:

Greater Tortue Ahmeyim (GTA) LNG Project Ramp-Up: The GTA LNG project, which achieved Commercial Operations Date in June 2025, is a significant driver. The project's production has been ramping up, with 6.8 gross LNG cargoes lifted in Q3 2025, and it is targeting 2.7 mtpa nameplate capacity by Q4 2025. This project represents a new and stable revenue stream from LNG exports that is expected to reach its full potential in the first half of 2026.
Increased Production from Jubilee Field: The ongoing drilling campaign and operational efficiencies at the Jubilee field in Ghana are projected to sustain and increase high production levels. The first producer well of the 2025/26 drilling campaign came online in July 2025, with a second well expected online around year-end 2025. This continued activity, including an increased number of wells in the 2026 drilling campaign, is anticipated to contribute to higher projected production rates and revenue.
GTA Phase 1+ Expansion Targeting Domestic Markets: The expansion of GTA's Phase 1+ is specifically aimed at directly targeting domestic markets. This initiative is expected to enhance production without requiring significant new capital investment, providing a strategic advantage in domestic gas supply and contributing to revenue growth.

AI Generated Analysis | Feedback

Capital Allocation Decisions (2020-2025)

Share Repurchases

Kosmos Energy has indicated that share repurchases are a potential option for returning value to shareholders once debt levels are more manageable and the share price is below tangible book value.

Share Issuance

In September 2024, Kosmos Energy successfully issued $500 million of new senior notes due in 2031.
The company completed a convertible bond issuance in the first quarter of 2024 to enhance liquidity and repay higher interest floating rate debt.
Net proceeds from the issuance of senior notes were reported as $494,855 in one period and $885,285 in another, likely related to recent or prior year activities.

Inbound Investments

Kosmos Energy secured a $250 million senior secured term loan facility with Shell Trading (US) Company in October 2025, utilizing $150 million to partially redeem outstanding 2026 unsecured notes.
The International Finance Corporation (IFC) proposed a debt facility of up to $100 million for the Jubilee project, where Kosmos' share of the estimated $3.2 billion total project cost is approximately $850 million.

Outbound Investments

In the first quarter of 2024, Kosmos acquired part of Equinor's stake in the Tiberius project, increasing its working interest to 50%, with plans to farm down around the time of project sanction.
Kosmos assumed operatorship and increased its working interest in Yakaar-Teranga offshore Senegal to 90% in November 2023, with intentions to farm down to approximately 33% in the second half of 2024.

Capital Expenditures

Capital expenditures for 2025 are expected to be below $350 million, a reduction from earlier guidance of $400 million, with a focus on cash generation, ramping up the Greater Tortue Ahmeyim (GTA) project, and Jubilee drilling campaigns.
In 2024, Kosmos Energy's capital expenditures peaked at $745.8 million for the full fiscal year, with approximately $324.8 million allocated to the GTA project.
Capital expenditures in 2023 were $731.6 million, primarily focused on advancing key development projects such as Jubilee Southeast and preparing for production at Winterfell and GTA.

Better Bets than Kosmos Energy (KOS)

	KOS	Better Performance than KOS
Metric	Value	INDUSTRY: Oil & Gas Exploration & Production
Rev Chg LTM	-22.1%	FANG (60.1%), CNQ (8.3%), COP (8.2%), OXY (0.1%), EOG (-5.0%)
Rev Chg 3Y Avg	-14.5%	FANG (20.8%), CNQ (-2.4%), COP (-6.6%), OXY (-6.8%), EOG (-7.6%)
Op Mgn LTM	-7.6%	FANG (36.5%), EOG (33.4%), COP (21.0%), CNQ (20.3%), OXY (20.1%)
CFO/Rev LTM	19.7%	FANG (57.3%), EOG (45.2%), OXY (44.7%), COP (33.3%), CNQ (33.2%)
FCF/Rev LTM	-9.4%	CNQ (18.2%), OXY (17.6%), EOG (17.2%), COP (11.9%), FANG (-7.2%)
Total Yield	-41.5%	CNQ (17.1%), FANG (12.9%), EOG (12.6%), COP (10.8%), OXY (5.8%)
P/S	0.6	VTLE (0.3), BRY (0.4), BTE (0.5), GFR (0.5), VET (0.5)
P/Op Inc	-7.6

	KOS	Better Performance than KOS
Metric	Value	SECTOR: Energy
Rev Chg LTM	-22.1%	ENB (32.3%), WMB (9.0%), COP (8.2%), XOM (-3.3%), CVX (-3.6%)
Rev Chg 3Y Avg	-14.5%	ENB (8.6%), WMB (0.8%), XOM (-2.1%), CVX (-6.2%), COP (-6.6%)
Op Mgn LTM	-7.6%	WMB (34.3%), COP (21.0%), ENB (17.4%), XOM (11.4%), CVX (8.1%)
CFO/Rev LTM	19.7%	WMB (48.2%), KMI (34.9%), COP (33.3%), CNQ (33.2%), ENB (20.0%)
FCF/Rev LTM	-9.4%	WMB (15.0%), COP (11.9%), XOM (8.8%), CVX (8.2%), ENB (6.3%)
Total Yield	-41.5%	ENB (12.9%), COP (10.8%), XOM (10.3%), CVX (8.3%), WMB (6.2%)
P/S	0.6	DINO (0.4), PSX (0.4), VLO (0.4), MPC (0.4), CVE (0.5)
P/Op Inc	-7.6

	KOS	Better Performance than KOS
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	-22.1%	NVDA (71.6%), MSFT (15.6%), GOOGL (13.4%), AMZN (10.9%), AAPL (6.0%)
Rev Chg 3Y Avg	-14.5%	NVDA (92.0%), MSFT (13.2%), AMZN (11.3%), GOOGL (11.0%), AAPL (1.8%)
Op Mgn LTM	-7.6%	NVDA (58.1%), MSFT (46.3%), GOOGL (32.2%), AAPL (31.9%), AMZN (11.4%)
CFO/Rev LTM	19.7%	MSFT (50.0%), NVDA (46.6%), AVGO (42.4%), GOOGL (39.3%), AAPL (26.6%)
FCF/Rev LTM	-9.4%	NVDA (43.6%), MSFT (26.6%), AAPL (23.5%), GOOGL (19.1%), AMZN (2.0%)
Total Yield	-41.5%	GOOGL (4.6%), MSFT (3.4%), AMZN (3.0%), AAPL (3.0%), NVDA (2.3%)
P/S	0.6	CVS (0.2), MCK (0.2), CI (0.3), GM (0.3), ELV (0.4)
P/Op Inc	-7.6

		Best Bets In Energy Sector
	KOS
What You Pay
P/E	-2.4
P/EBIT	-8.2
What You Get
Rev Chg Q	-23.7%
Rev Chg LTM	-22.1%
Rev Chg 3Y Avg	-14.5%
FCF/Rev 3Y Avg	-11.0%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 5.4%, alpha of -0.1%, and sharpe of 0.25

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	Kosmos Energy Stock Drop Looks Sharp, But How Deep Can It Go?	Return
2	Kosmos Energy (KOS) Tax Expense Comparison	Financials
3	Kosmos Energy (KOS) Operating Cash Flow Comparison	Financials
4	Kosmos Energy (KOS) Debt Comparison	Financials
5	Kosmos Energy (KOS) Operating Income Comparison	Financials
6	Kosmos Energy (KOS) EBITDA Comparison	Financials
7	Kosmos Energy (KOS) Net Income Comparison	Financials
8	Kosmos Energy (KOS) Revenue Comparison	Financials
9	Why Kosmos Energy Stock Moved: KOS Stock Has Lost 84% Since 2023 Fiscal End, Primarily Due To Unfavorable Change In Price To Sales Multiple (P/S)
10	KOS Dip Buy Analysis
11	ARTICLES
12	Stocks Trading At 52-Week Low		December 3rd, 2025
13	Stocks Trading At 52-Week Low		November 27th, 2025

	Title
0	DASHBOARDS
1	Kosmos Energy Stock Drop Looks Sharp, But How Deep Can It Go?
2	Kosmos Energy (KOS) Tax Expense Comparison
3	Kosmos Energy (KOS) Operating Cash Flow Comparison
4	Kosmos Energy (KOS) Debt Comparison
5	Kosmos Energy (KOS) Operating Income Comparison
6	Kosmos Energy (KOS) EBITDA Comparison
7	Kosmos Energy (KOS) Net Income Comparison
8	Kosmos Energy (KOS) Revenue Comparison
9	Why Kosmos Energy Stock Moved: KOS Stock Has Lost 84% Since 2023 Fiscal End, Primarily Due To Unfavorable Change In Price To Sales Multiple (P/S)
10	KOS Dip Buy Analysis
11	ARTICLES
12	Stocks Trading At 52-Week Low
13	Stocks Trading At 52-Week Low

Trade Ideas

Select past ideas related to KOS. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
WHD_11212025_Dip_Buyer_ValueBuy	11212025	WHD	Cactus	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	8.3%	8.3%	0.0%
OVV_10172025_Dip_Buyer_FCFYield	10172025	OVV	Ovintiv	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	13.3%	13.3%	0.0%
COP_10102025_Dip_Buyer_FCFYield	10102025	COP	ConocoPhillips	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	2.8%	2.8%	-2.3%
HAL_10102025_Dip_Buyer_FCFYield	10102025	HAL	Halliburton	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	22.5%	22.5%	-0.7%
OXY_10102025_Dip_Buyer_FCFYield	10102025	OXY	Occidental Petroleum	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-0.4%	-0.4%	-5.7%
KOS_6302024_Dip_Buyer_ValueBuy	06302024	KOS	Kosmos Energy	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-41.2%	-69.0%	-72.6%
KOS_5312023_Dip_Buyer_ValueBuy	05312023	KOS	Kosmos Energy	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	14.1%	1.7%	-9.4%
KOS_9302022_Dip_Buyer_ValueBuy	09302022	KOS	Kosmos Energy	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	43.9%	58.2%	0.0%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
WHD_11212025_Dip_Buyer_ValueBuy	11212025	WHD	Cactus	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	8.3%	8.3%	0.0%
OVV_10172025_Dip_Buyer_FCFYield	10172025	OVV	Ovintiv	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	13.3%	13.3%	0.0%
COP_10102025_Dip_Buyer_FCFYield	10102025	COP	ConocoPhillips	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	2.8%	2.8%	-2.3%
HAL_10102025_Dip_Buyer_FCFYield	10102025	HAL	Halliburton	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	22.5%	22.5%	-0.7%
OXY_10102025_Dip_Buyer_FCFYield	10102025	OXY	Occidental Petroleum	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-0.4%	-0.4%	-5.7%
KOS_6302024_Dip_Buyer_ValueBuy	06302024	KOS	Kosmos Energy	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-41.2%	-69.0%	-72.6%
KOS_5312023_Dip_Buyer_ValueBuy	05312023	KOS	Kosmos Energy	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	14.1%	1.7%	-9.4%
KOS_9302022_Dip_Buyer_ValueBuy	09302022	KOS	Kosmos Energy	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	43.9%	58.2%	0.0%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.3	223.6%	367.4%
COGT	Cogent Biosciences	5.4	152.6%	402.1%
CDTX	Cidara Therapeutics	5.9	115.1%	722.1%
IRWD	Ironwood Pharmaceuticals	0.6	100.5%	-15.8%
TERN	Terns Pharmaceuticals	2.5	95.9%	396.2%
FRGE	Forge Global	0.6	90.3%	217.8%
SGML	Sigma Lithium	1.1	87.3%	-10.6%
INSP	Inspire Medical Systems	4.0	82.8%	-27.3%
NPCE	NeuroPace	0.6	77.2%	48.9%
ALMS	Alumis	0.6	71.9%	-0.3%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
UP	Wheels Up Experience	0.4	-52.7%	-62.4%
CCOI	Cogent Communications	0.9	-51.9%	-72.9%
SMR	NuScale Power	3.0	-50.7%	12.3%
FRMI	Fermi	10.3	-47.5%
AMSC	American Superconductor	1.4	-47.2%	30.1%
TLRY	Tilray Brands	7.5	-46.1%	-46.9%
BTDR	Bitdeer Technologies	2.4	-44.8%	-41.8%
EXOD	Exodus Movement	0.4	-43.1%	-53.3%
STUB	Stubhub	3.5	-39.8%
METC	Ramaco Resources	1.0	-39.4%	66.9%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

Peer Comparisons for Kosmos Energy

Peers to compare with:

Financials

	KOS	CVI	NOG	BSM	COP	CNQ	Median
Name	Kosmos E.	CVR Ener.	Northern.	Black St.	ConocoPh.	Canadian.
Mkt Price	1.09	34.31	23.90	-	91.81	34.13	34.13
Mkt Cap	0.5	3.4	2.3	-	114.3	71.3	3.4
Rev LTM	1,391	7,298	2,193	431	59,788	44,521	4,746
Op Inc LTM	-105	302	693	278	12,549	9,022	497
FCF LTM	-131	-146	-141	224	7,088	8,124	47
FCF 3Y Avg	-182	240	-313	371	8,910	8,284	305
CFO LTM	274	242	1,483	336	19,935	14,770	909
CFO 3Y Avg	603	532	1,357	437	20,720	13,874	980

Growth & Margins

	KOS	CVI	NOG	BSM	COP	CNQ	Median
Name	Kosmos E.	CVR Ener.	Northern.	Black St.	ConocoPh.	Canadian.
Rev Chg LTM	-22.1%	-7.2%	1.5%	-8.5%	8.2%	8.3%	-2.8%
Rev Chg 3Y Avg	-14.5%	-10.7%	5.9%	-16.4%	-6.6%	-2.4%	-8.7%
Rev Chg Q	-23.7%	6.1%	-5.7%	1.9%	15.3%	6.4%	4.0%
QoQ Delta Rev Chg LTM	-6.5%	1.5%	-1.3%	0.5%	3.4%	1.5%	1.0%
Op Mgn LTM	-7.6%	4.1%	31.6%	64.3%	21.0%	20.3%	20.6%
Op Mgn 3Y Avg	24.7%	6.3%	39.6%	66.2%	24.1%	21.9%	24.4%
QoQ Delta Op Mgn LTM	-11.4%	8.7%	-2.9%	1.0%	-1.0%	-4.3%	-1.9%
CFO/Rev LTM	19.7%	3.3%	67.6%	77.9%	33.3%	33.2%	33.3%
CFO/Rev 3Y Avg	35.9%	6.0%	65.9%	88.7%	35.6%	32.8%	35.7%
FCF/Rev LTM	-9.4%	-2.0%	-6.4%	52.0%	11.9%	18.2%	4.9%
FCF/Rev 3Y Avg	-11.0%	2.3%	-17.1%	73.9%	15.3%	19.6%	8.8%

Valuation

	KOS	CVI	NOG	BSM	COP	CNQ	Median
Name	Kosmos E.	CVR Ener.	Northern.	Black St.	ConocoPh.	Canadian.
Mkt Cap	0.5	3.4	2.3	-	114.3	71.3	3.4
P/S	0.6	0.5	1.1	-	2.0	1.5	1.1
P/EBIT	-8.2	11.0	5.8	-	8.1	7.6	7.6
P/E	-2.4	22.1	13.3	-	13.3	10.0	13.3
P/CFO	2.9	15.1	1.6	-	5.9	4.5	4.5
Total Yield	-41.5%	4.5%	14.6%	-	10.8%	17.1%	10.8%
Dividend Yield	0.0%	0.0%	7.1%	-	3.3%	7.1%	3.3%
FCF Yield 3Y Avg	-11.8%	7.3%	-9.0%	-	6.9%	12.0%	6.9%
D/E	3.8	0.5	1.0	-	0.2	0.3	0.5
Net D/E	3.7	0.3	1.0	-	0.1	0.3	0.3

Returns

	KOS	CVI	NOG	BSM	COP	CNQ	Median
Name	Kosmos E.	CVR Ener.	Northern.	Black St.	ConocoPh.	Canadian.
1M Rtn	-26.4%	-6.8%	8.4%	-	4.6%	6.8%	4.6%
3M Rtn	-35.1%	11.1%	-5.3%	-	-2.1%	10.7%	-2.1%
6M Rtn	-39.8%	46.6%	-12.5%	-	8.7%	13.4%	8.7%
12M Rtn	-71.4%	80.6%	-41.7%	-	-10.4%	5.1%	-10.4%
3Y Rtn	-83.0%	20.5%	-22.9%	-	-16.5%	31.6%	-16.5%
1M Excs Rtn	-26.3%	-6.8%	8.4%	-	4.7%	6.8%	4.7%
3M Excs Rtn	-42.0%	5.4%	-12.0%	-	-8.6%	4.9%	-8.6%
6M Excs Rtn	-54.5%	31.8%	-27.3%	-	-6.0%	-1.4%	-6.0%
12M Excs Rtn	-85.9%	63.8%	-55.3%	-	-25.9%	-7.2%	-25.9%
3Y Excs Rtn	-155.2%	-66.0%	-93.3%	-	-90.4%	-39.2%	-90.4%

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	11/4/2025	2/24/2025	2/26/2024	2/28/2023	2/28/2022	2/23/2021	2/25/2020
Key Financials
Total Revenue	1,391	1,675	1,702	2,245	1,332	804	1,499
EBITDA	469	894	931	969	546	181	723
Operating Income	-105	471	719	1,106	356	-192	242
Net Income	-329	190	214	227	-78	-412	-56
EPS	-0.68	0.40	0.46	0.50	-0.19	-1.02	-0.14
Growth Rates
Total Revenue Growth	-22.1%	-1.5%	-24.2%	68.6%	65.7%	-46.4%	69.1%
EBITDA Growth	-50.5%	-3.9%	-4.0%	77.4%	202.2%	-75.0%	90.6%
Operating Income Growth	-114.4%	-34.4%	-35.0%	211.1%	285.0%	-179.5%	417.3%
Net Income Growth	-250.9%	-11.1%	-5.8%	391.1%	81.1%	-637.9%	40.7%
Margins
EBITDA Margin	33.7%	53.4%	54.7%	43.1%	41.0%	22.5%	48.2%
Operating Income Margin	-7.6%	28.1%	42.2%	49.3%	26.7%	-23.9%	16.1%
Net Income Margin	-23.7%	11.3%	12.5%	10.1%	-5.8%	-51.2%	-3.7%
Cash & Debt
Total Cash	64	85	95	183	132	149	225
Total Debt	2,978	2,745	2,391	2,226	2,620	2,111	2,008
Net Debt / (Cash)	2,914	2,660	2,296	2,043	2,489	1,962	1,784
Cash Flows
Net Cash from Operations	274	678	765	1,130	374	196	628
Free Cash from Operations	-131	-255	-167	321	-564	-183	276
Returns to Shareholders
Dividends	0	-0	0	1	1	19	73
Share Repurchases	-0	-0	-0	-0	-0	5	2

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	11/4/2025	8/4/2025	5/6/2025	2/24/2025	11/4/2024	8/5/2024	5/7/2024	2/26/2024	11/6/2023	8/7/2023	5/9/2023	2/28/2023
Key Financials Quarterly
Total Revenue	311	393	290	398	408	451	419	508	526	273	394	510
Ebitda	100	149	89	131	253	247	266	182	299	172	278	-56
Operating Income	-46	-25	-34	-0	116	172	184	259	215	85	160	236
Net Income	-124	-88	-111	-7	45	60	92	22	85	23	83	-114
EPS	-0.26	-0.18	-0.23	-0.01	0.10	0.13	0.20	0.05	0.19	0.05	0.18	-0.25
Key Financials TTM
Total Revenue TTM	1,391	1,488	1,546	1,675	1,786	1,904	1,726	1,702	1,704	1,633	1,981	2,245
Ebitda TTM	469	622	720	897	948	994	919	931	693	862	1,039	969
Operating Income TTM	-105	57	253	471	730	830	743	719	696	726	935	1,106
Net Income TTM	-329	-160	-12	190	218	258	222	214	78	215	308	227
Growth Rates Quarterly
Total Revenue Growth	-23.7%	-12.9%	-30.8%	-21.7%	-22.5%	65.0%	6.3%	-0.4%	15.4%	-56.0%	-40.2%	-10.9%
EBITDA Growth	-60.3%	-39.6%	-66.7%	-28.1%	-15.5%	43.8%	-4.3%	422.5%	-36.2%	-50.7%	33.8%	-115.3%
Operating Income Growth	-139.9%	-114.5%	-118.3%	-100.1%	-46.3%	101.3%	15.4%	9.8%	-12.4%	-71.0%	-51.6%	10.9%
Net Income Growth	-376.4%	-246.8%	-220.6%	-130.3%	-47.2%	156.0%	10.1%	119.0%	-61.7%	-80.1%	5850.6%	-215.8%
Margins Quarterly
EBITDA Margin	32.3%	38.0%	30.5%	32.9%	62.0%	54.8%	63.5%	35.9%	56.8%	62.9%	70.5%	-11.1%
Operating Income Margin	-14.8%	-6.3%	-11.6%	-0.1%	28.3%	38.1%	44.0%	51.0%	40.9%	31.2%	40.5%	46.2%
Net Income Margin	-40.0%	-22.3%	-38.1%	-1.7%	11.0%	13.3%	21.9%	4.3%	16.2%	8.5%	21.1%	-22.4%
Cash & Debt
Total Cash	64	52	50	85	52	174	254	95	139	86	128	183
Total Debt	2,978	2,851	2,848	2,745	2,692	2,595	2,655	2,391	2,389	2,374	2,221	2,226
Net Debt / (Cash)	2,914	2,799	2,798	2,660	2,640	2,421	2,401	2,296	2,250	2,288	2,093	2,043
Cash Flows Quarterly
FCF from Operations	-28	127	-1	176	6	224	273	294	249	18	204	267
Cash Flows TTM
FCF from Operations TTM	274	308	405	678	796	1,039	834	765	739	744	1,005	1,130
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	-3.7%	-2.0%	-2.8%	-0.0%	4.2%	6.8%	10.8%	12.4%	12.4%	3.5%	9.2%	13.2%
Return on Invested Capital (ROIC) TTM
ROIC TTM	-2.1%	1.2%	5.2%	5.4%	8.0%	10.6%	10.0%	9.5%	9.6%	11.1%	15.1%	18.2%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Exploration, development and production of oil and gas	1,702
Gas sales		30	19	12	16
Natural gas liquid (NGL) sales		15	15	6	8
Oil sales		2,201	1,299	786	1,476
Total	1,702	2,245	1,332	804	1,499

Price Behavior

Price Behavior

Market Price	$1.09
Market Cap ($ Bil)	0.5
First Trading Date	05/11/2011
Distance from 52W High	-72.1%
	50 Days	200 Days
DMA Price	$1.49	$1.85
DMA Trend	down	down
Distance from DMA	-26.8%	-41.2%
	3M	1YR
Volatility	63.9%	80.3%
Downside Capture	120.82	144.97
Upside Capture	-113.31	2.15
Correlation (SPY)	9.0%	38.7%

KOS Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	-0.67	0.69	0.47	0.58	1.58	1.36
Up Beta	0.03	0.42	0.63	0.51	1.66	1.29
Down Beta	-0.41	1.39	1.54	2.10	2.66	2.12
Up Capture	-303%	-99%	-110%	-43%	-0%	25%
Bmk +ve Days	13	26	39	74	142	427
Stock +ve Days	6	15	24	52	100	348
Down Capture	60%	155%	102%	60%	122%	108%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	12	24	35	66	135	376

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of KOS With Other Asset Classes (Last 1Y)
	KOS	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-72.1%	-1.1%	15.3%	58.9%	4.6%	-5.8%	-3.1%
Annualized Volatility	79.9%	24.6%	19.7%	19.4%	15.9%	17.8%	35.7%
Sharpe Ratio	-1.24	-0.09	0.60	2.26	0.09	-0.48	0.04
Correlation With Other Assets		66.3%	38.9%	5.4%	56.0%	20.1%	27.4%

ETFs used for asset classes: Sector ETF = XLE, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data

		Comparison of KOS With Other Asset Classes (Last 5Y)
	KOS	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-11.2%	22.4%	15.0%	17.9%	11.9%	4.9%	37.1%
Annualized Volatility	69.5%	27.1%	17.1%	15.5%	18.9%	19.0%	49.1%
Sharpe Ratio	0.13	0.76	0.71	0.93	0.52	0.17	0.64
Correlation With Other Assets		71.6%	32.7%	12.5%	52.8%	22.3%	16.5%

Based On 10-Year Data

		Comparison of KOS With Other Asset Classes (Last 10Y)
	KOS	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-17.1%	7.1%	14.5%	14.2%	5.6%	5.4%	76.3%
Annualized Volatility	75.0%	29.9%	18.0%	14.8%	17.7%	20.9%	55.9%
Sharpe Ratio	0.10	0.29	0.69	0.79	0.25	0.23	0.95
Correlation With Other Assets		69.4%	41.6%	5.8%	52.4%	31.8%	11.3%

Short Interest

Short Interest: As Of Date	11142025
Short Interest: Shares Quantity	58,061,905
Short Interest: % Change Since 10312025	0.8%
Average Daily Volume	10,313,310
Days-to-Cover Short Interest	5.63
Basic Shares Quantity	478,254,000
Short % of Basic Shares	12.1%

Returns Analyses

	Title
0	Kosmos Energy Stock Drop Looks Sharp, But How Deep Can It Go?

SEC Filings

Expand for More

Report Date	Filing Date	Filing
9302025	11042025	10-Q 9/30/2025
6302025	8042025	10-Q 6/30/2025
3312025	5062025	10-Q 3/31/2025
12312024	2242025	10-K 12/31/2024
9302024	11042024	10-Q 9/30/2024
6302024	8052024	10-Q 6/30/2024
3312024	5072024	10-Q 3/31/2024
12312023	2262024	10-K 12/31/2023
9302023	11062023	10-Q 9/30/2023
6302023	8072023	10-Q 6/30/2023
3312023	5092023	10-Q 3/31/2023
12312022	2282023	10-K 12/31/2022
9302022	11072022	10-Q 9/30/2022
6302022	8082022	10-Q 6/30/2022
3312022	5092022	10-Q 3/31/2022
12312021	2282022	10-K 12/31/2021

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Kosmos Energy (KOS)

Market Price (12/4/2025): $1.1 | Market Cap: $526.1 MilSector: Energy | Industry: Oil & Gas Exploration & Production

Kosmos Energy (KOS)

Market Price (12/4/2025): $1.1Market Cap: $526.1 MilSector: EnergyIndustry: Oil & Gas Exploration & Production

Valuation, Metrics & Events

KOS Stock

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About Kosmos Energy (KOS)

Crude Oil

Natural Gas

Capital Allocation Decisions (2020-2025)

Share Repurchases

Share Issuance

Inbound Investments

Outbound Investments

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Interactive Breakdown

Better Bets than Kosmos Energy (KOS)

Latest Trefis Analyses

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Recent Active Movers

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1 Week Top Gainers

1 Week Top Losers

1 Month Top Gainers

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Recent Active Movers

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Based On 1-Year Data

Based On 5-Year Data

Based On 10-Year Data

Short Interest

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External Quote Links

Market Price (12/4/2025): $1.1 | Market Cap: $526.1 Mil
Sector: Energy | Industry: Oil & Gas Exploration & Production

Market Price (12/4/2025): $1.1
Market Cap: $526.1 Mil
Sector: Energy
Industry: Oil & Gas Exploration & Production