Tearsheet

Kosmos Energy (KOS)

Market Price (12/28/2025): $0.8649 | Market Cap: $413.6 Mil
Sector: Energy | Industry: Oil & Gas Exploration & Production

Kosmos Energy (KOS)

Market Price (12/28/2025): $0.8649
Market Cap: $413.6 Mil
Sector: Energy
Industry: Oil & Gas Exploration & Production

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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 -133%, 3Y Excs Rtn is -167%	Penny stock Mkt Price is 0.9
1	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -46%	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 13%	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%
2	Megatrend and thematic drivers Megatrends include Global Energy Supply. Themes include Deepwater Oil & Gas Exploration & Production, and LNG Project Development & Supply.		Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 700%
3			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%
4			Not cash flow generative FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -9.4%
5			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 -83%
6			Key risks KOS key risks include [1] its significant debt burden creating considerable refinancing and liquidity challenges, Show more.

0	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%
1	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -46%
2	Megatrend and thematic drivers Megatrends include Global Energy Supply. Themes include Deepwater Oil & Gas Exploration & Production, and LNG Project Development & Supply.
3	Weak multi-year price returns 2Y Excs Rtn is -133%, 3Y Excs Rtn is -167%
4	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 13%
5	Penny stock Mkt Price is 0.9
6	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%
7	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 700%
8	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%
9	Not cash flow generative FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -9.4%
10	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 -83%
11	Key risks KOS key risks include [1] its significant debt burden creating considerable refinancing and liquidity challenges, Show more.

Valuation, Metrics & Events

	12/28/25	2024	2023	2022	2021
Share Price CYE	$0.86	$3.42	$6.71	$6.36	$3.46
Market Cap CYE ($ Mil)	413.6	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)	3,328.1	4,358.6	5,478.4	5,125.5	4,155.9
Valuation Ratios
P/S TTM	0.3	1.0	1.8	1.3	1.1
P/EBIT TTM	-4.3	3.8	6.5	6.3	21.1
P/E TTM	-1.3	8.5	14.4	12.8	-18.5
P/FCF TTM	-3.2	-6.3	-18.4	9.0	-2.6
Sector Ratios
P/S TTM (Sector)	1.3	1.5	1.6	1.3	1.3
P/EBIT TTM (Sector)	7.7	6.7	5.7	4.1	4.7
P/E TTM (Sector)	11.3	10.3	8.5	5.6	5.4
P/FCF TTM (Sector)	7.1	7.0	7.6	5.0	5.4

	12/28/25	2024	2023
Share Price CYE	$0.86	$3.42	$6.71
Market Cap CYE ($ Mil)	413.6	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)	3,328.1	4,358.6	5,478.4
Valuation Ratios
P/S TTM	0.3	1.0	1.8
P/EBIT TTM	-4.3	3.8	6.5
P/E TTM	-1.3	8.5	14.4
P/FCF TTM	-3.2	-6.3	-18.4
Sector Ratios
P/S TTM (Sector)	1.3	1.5	1.6
P/EBIT TTM (Sector)	7.7	6.7	5.7
P/E TTM (Sector)	11.3	10.3	8.5
P/FCF TTM (Sector)	7.1	7.0	7.6

	KOS	S&P 500
REVENUE GROWTH	VERY POOR
Rev LTM ($ Bil)	1.4
Rev Chg Q	-23.7%	7.3%
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%	20.4%
Net Inc Mgn	-23.7%	13.1%
VALUATION	VERY LOW
P/S	0.3	3.3
P/CFO	1.5	15.8
P/FCF	-3.2	20.7
P/E	-1.3	23.7
STABILITY	VERY POOR
Debt/Equity	7.21	0.21
Cash/Assets	0.01	0.07

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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 Analysis | Feedback

Here are the key points explaining the stock movement of Kosmos Energy (KOS) for the approximate time period from August 31, 2025, to December 28, 2025:

1. Kosmos Energy reported significant net losses and missed revenue expectations in both Q2 and Q3 2025, indicating a challenging financial performance. The company disclosed a net loss of $88 million in Q2 2025 and a notable net loss of $124 million in Q3 2025, with revenues of $393 million and $311 million respectively, falling short of analyst projections.

2. The company lowered its oil production targets and revised down its annual output guidance for 2025. This reduction reflected a slower ramp-up for the Greater Tortue Ahmeyim (GTA) LNG project and lower-than-anticipated production from its legacy Jubilee field in Ghana.

3. Kosmos Energy continued to face substantial financial strain due to high net debt and rising leverage. The company carried around $2.85 billion in net debt and saw its debt-to-EBITDA ratio climb to 3.5x in Q2 2025, raising concerns about its financial resilience and refinancing risks.

4. Operational delays and underperformance in key projects, including the GTA LNG project and the Jubilee field, negatively impacted investor confidence. The GTA project's ramp-up was slower than expected after achieving its Commercial Operations Date in June 2025, and the Jubilee field experienced well underperformance and production declines, contributing to the revised production outlook.

5. Analyst sentiment remained cautious, with several downgrades and "Hold" or "Sell" ratings issued during the period. Wall Street analysts expressed skepticism regarding Kosmos Energy's ability to consistently generate free cash flow and reduce leverage, contributing to a negative market outlook for the stock.

Stock Movement Drivers

Fundamental Drivers

The -51.4% change in KOS stock from 9/27/2025 to 12/27/2025 was primarily driven by a -48.0% change in the company's P/S Multiple.

	9272025	12272025	Change
Stock Price ($)	1.79	0.87	-51.36%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1488.12	1391.29	-6.51%
P/S Multiple	0.58	0.30	-47.95%
Shares Outstanding (Mil)	478.07	478.25	-0.04%
Cumulative Contribution			-51.36%

LTM = Last Twelve Months as of date shown

Market Drivers

9/27/2025 to 12/27/2025

	Return	Correlation
KOS	-51.4%
Market (SPY)	4.3%	14.9%
Sector (XLE)	-3.9%	35.9%

Fundamental Drivers

The -52.4% change in KOS stock from 6/28/2025 to 12/27/2025 was primarily driven by a -46.8% change in the company's P/S Multiple.

	6282025	12272025	Change
Stock Price ($)	1.83	0.87	-52.42%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1546.39	1391.29	-10.03%
P/S Multiple	0.56	0.30	-46.83%
Shares Outstanding (Mil)	475.68	478.25	-0.54%
Cumulative Contribution			-52.42%

LTM = Last Twelve Months as of date shown

Market Drivers

6/28/2025 to 12/27/2025

	Return	Correlation
KOS	-52.4%
Market (SPY)	12.6%	15.6%
Sector (XLE)	4.5%	56.1%

Fundamental Drivers

The -73.3% change in KOS stock from 12/27/2024 to 12/27/2025 was primarily driven by a -65.3% change in the company's P/S Multiple.

	12272024	12272025	Change
Stock Price ($)	3.26	0.87	-73.29%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1785.56	1391.29	-22.08%
P/S Multiple	0.86	0.30	-65.25%
Shares Outstanding (Mil)	471.82	478.25	-1.36%
Cumulative Contribution			-73.30%

LTM = Last Twelve Months as of date shown

Market Drivers

12/27/2024 to 12/27/2025

	Return	Correlation
KOS	-73.3%
Market (SPY)	17.0%	42.1%
Sector (XLE)	7.1%	67.6%

Fundamental Drivers

The -85.5% change in KOS stock from 12/28/2022 to 12/27/2025 was primarily driven by a -74.7% change in the company's P/S Multiple.

	12282022	12272025	Change
Stock Price ($)	5.99	0.87	-85.46%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	2308.00	1391.29	-39.72%
P/S Multiple	1.18	0.30	-74.70%
Shares Outstanding (Mil)	455.84	478.25	-4.92%
Cumulative Contribution			-85.50%

LTM = Last Twelve Months as of date shown

Market Drivers

12/28/2023 to 12/27/2025

	Return	Correlation
KOS	-87.2%
Market (SPY)	48.0%	35.6%
Sector (XLE)	11.4%	62.8%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
KOS Return	-58%	47%	84%	6%	-49%	-74%	-84%
Peers Return	16%	38%	-12%	21%	26%	16%	150%
S&P 500 Return	16%	27%	-19%	24%	23%	18%	114%
Monthly Win Rates [3]
KOS Win Rate	42%	58%	67%	42%	25%	25%
Peers Win Rate	52%	65%	42%	68%	57%	52%
S&P 500 Win Rate	58%	75%	42%	67%	75%	73%
Max Drawdowns [4]
KOS Max Drawdown	-91%	-22%	0%	-15%	-60%	-74%
Peers Max Drawdown	-34%	-5%	-26%	-7%	-9%	-23%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[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 12/26/2025 (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 HPQ, HPE, IBM, CSCO, AAPL

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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About Kosmos Energy (KOS)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

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.

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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.

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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 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)

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

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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 Analysis | Feedback

The primary risks to Kosmos Energy's business include its significant debt burden and associated refinancing and liquidity challenges, the volatility of commodity prices, and operational challenges including project execution risks.

High Debt, Refinancing Risk, and Liquidity Pressure: Kosmos Energy faces substantial risks due to its elevated net debt, estimated between $2.8 billion and $2.9 billion. This high debt level results in heavy interest costs, putting pressure on profitability and cash flow. S&P Global Ratings downgraded Kosmos Energy's credit rating to 'CCC+' citing rising liquidity pressure and considerable refinancing risk. The company's liquidity is assessed as "less than adequate," with insufficient cash flow generation to address upcoming debt maturities without refinancing. There is also a heightened risk of breaching its reserve-based lending (RBL) maintenance covenants.
Volatile Commodity Prices: The company's financial performance is highly susceptible to the volatile prices of oil and natural gas. With over 60% of its production tied to the oil market, even small price fluctuations can significantly impact profitability and cash flow. S&P Global Ratings views Kosmos Energy's capital structure as unsustainable under current commodity price assumptions.
Operational Challenges and Project Execution Risk: Kosmos Energy has experienced operational challenges, including weaker-than-expected performance in recent quarters. The ramp-up of its Greater Tortue Ahmeyim (GTA) LNG project has been slower than anticipated, and its legacy assets have faced issues such as well underperformance and scheduled shutdowns. Such operational setbacks can lead to production falling below expectations, further impacting its ability to meet debt obligations and maintain liquidity. Furthermore, regional risks like political instability, security concerns, and infrastructure limitations in West Africa could cause unexpected operational disturbances.

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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.

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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 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.

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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.

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INDUSTRY: Oil & Gas Exploration & Production

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		Best Bets In Energy Sector
	KOS	TPL	AM	MGY	INSW	DTM	CTRA	WHD	EQT	WMB	EOG
What You Pay
P/E	-1.3	41.6	17.9	11.7	11.0	30.4	12.0	18.3	18.9	30.7	10.1
P/EBIT	-4.3	33.9	10.1	8.7	9.4	17.0	8.8	12.3	10.8	15.7	7.7
What You Get
Rev Chg Q	-23.7%	17.0%	8.7%	-2.5%	-12.8%	26.6%	33.7%	-10.0%	49.8%	10.2%	-2.3%
Rev Chg LTM	-22.1%	12.5%	8.7%	0.7%	-23.6%	20.4%	25.1%	-3.8%	64.8%	9.0%	-5.0%
Rev Chg 3Y Avg	-14.5%	5.7%	9.0%	-6.6%	16.7%	9.6%	-5.3%	22.9%	-2.8%	0.8%	-7.6%
FCF/Rev 3Y Avg	-11.0%	47.9%	46.6%	33.7%	29.6%	25.8%	24.8%	23.5%	23.5%	22.5%	22.1%

[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
0	DASHBOARDS
1	Kosmos Energy Earnings Notes
2	Can Kosmos Energy Stock Recover If Markets Fall?	Return
3	Kosmos Energy (KOS) Tax Expense Comparison	Financials
4	Kosmos Energy (KOS) Operating Cash Flow Comparison	Financials
5	Kosmos Energy (KOS) Debt Comparison	Financials
6	Kosmos Energy (KOS) Operating Income Comparison	Financials
7	Kosmos Energy (KOS) EBITDA Comparison	Financials
8	Kosmos Energy (KOS) Net Income Comparison	Financials
9	Kosmos Energy (KOS) Revenue Comparison	Financials
10	Why Kosmos Energy Stock Moved: KOS Stock Has Lost 85% Since 2023 Fiscal End, Primarily Due To Unfavorable Change In Price To Sales Multiple (P/S)

	Title
0	ARTICLES

Trade Ideas

Select 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	12.1%	12.1%	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	6.4%	6.4%	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	5.4%	5.4%	-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	28.1%	28.1%	-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	-4.9%	-4.9%	-7.1%
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

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
ZETA	Zeta Global	4.6	8.3%	15.1%
SGML	Sigma Lithium	1.6	7.3%	29.2%
USAS	Americas Gold And Silver	1.6	6.6%	557.6%
CPNG	Coupang	44.2	6.4%	10.4%
LION	Lionsgate Studios	2.7	4.6%	-69.9%
BBW	Build-A-Bear Workshop	0.8	4.4%	37.8%
XRAY	Dentsply Sirona	2.3	4.2%	-36.3%
BLMN	Bloomin Brands	0.6	3.8%	-41.2%
FUN	Six Flags Entertainment	1.5	3.8%	-69.1%
SVM	Silvercorp Metals	1.9	3.6%	198.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
FLY	Firefly Aerospace	3.3	-13.7%	-61.3%
TMC	TMC The Metals	2.5	-10.5%	508.9%
ORGO	Organogenesis	0.7	-10.1%	64.8%
AAOI	Applied Optoelectronics	2.4	-9.3%	0.8%
BKSY	BlackSky Technology	0.7	-9.0%	79.0%
LUNR	Intuitive Machines	1.8	-8.7%	-16.0%
RCAT	Red Cat	0.8	-8.7%	-35.4%
RGTI	Rigetti Computing	6.7	-8.7%	46.7%
RDW	Redwire	1.0	-8.6%	-56.6%
RKLB	Rocket Lab	36.4	-8.5%	177.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
OMER	Omeros	0.9	71.5%	59.0%
RZLT	Rezolute	0.3	44.3%	-45.5%
DVAX	Dynavax Technologies	1.8	41.5%	20.4%
LUNR	Intuitive Machines	1.8	40.6%	-16.0%
UAMY	United States Antimony	0.7	39.0%	252.5%
FOLD	Amicus Therapeutics	4.4	30.9%	51.3%
ADEA	Adeia	1.9	30.3%	23.0%
HUT	Hut 8	5.2	28.6%	142.3%
AAOI	Applied Optoelectronics	2.4	27.1%	0.8%
SGML	Sigma Lithium	1.6	24.9%	29.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
TPL	Texas Pacific Land	6.6	-67.9%	-21.5%
LW	Lamb Weston	5.9	-29.0%	-35.3%
TLRY	Tilray Brands	10.2	-22.2%	-27.8%
TDUP	ThredUp	0.8	-18.2%	348.2%
LAB	Standard BioTools	0.5	-16.9%	-21.1%
OLMA	Olema Pharmaceuticals	2.2	-14.9%	349.9%
EVEX	Eve	1.4	-12.0%	-21.9%
IRON	Disc Medicine	2.8	-11.2%	26.7%
AVO	Mission Produce	0.8	-11.1%	-18.8%
CABO	Cable One	0.7	-10.6%	-67.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
TLRY	Tilray Brands	10.2	876.4%	-27.8%
HPP	Hudson Pacific Properties	4.7	452.7%	-51.0%
WVE	WAVE Life Sciences	2.9	139.2%	43.7%
TE	T1 Energy	1.1	106.7%	400.0%
VERA	Vera Therapeutics	3.4	82.1%	26.7%
OMER	Omeros	0.9	66.2%	59.0%
RKLB	Rocket Lab	36.4	65.8%	177.4%
PL	Planet Labs PBC	5.9	65.0%	379.2%
AAOI	Applied Optoelectronics	2.4	63.5%	0.8%
LUNR	Intuitive Machines	1.8	62.4%	-16.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
RZLT	Rezolute	0.3	-72.0%	-45.5%
JANX	Janux Therapeutics	0.9	-59.0%	-73.4%
FRMI	Fermi	5.3	-46.0%	-76.6%
LENZ	LENZ Therapeutics	0.5	-43.5%	-41.6%
GOGO	Gogo	0.6	-35.3%	-43.0%
HPK	HighPeak Energy	0.5	-33.9%	-70.4%
PACB	Pacific Biosciences of California	0.5	-32.7%	-3.3%
LDI	loanDepot	0.4	-29.6%	3.9%
ORIC	ORIC Pharmaceuticals	0.6	-29.0%	2.2%
LW	Lamb Weston	5.9	-28.6%	-35.3%

Peer Comparisons for Kosmos Energy

Peers to compare with:

Financials

	KOS	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Kosmos E.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Mkt Price	0.87	23.26	24.49	305.09	78.16	273.40	51.32
Mkt Cap	0.4	21.9	32.6	284.9	309.2	4,074.4	158.8
Rev LTM	1,391	55,295	34,296	65,402	57,696	408,625	56,496
Op Inc LTM	-105	3,624	1,644	11,544	12,991	130,214	7,584
FCF LTM	-131	2,800	627	11,854	12,733	96,184	7,327
FCF 3Y Avg	-182	2,978	1,400	11,753	13,879	100,503	7,366
CFO LTM	274	3,697	2,919	13,483	13,744	108,565	8,590
CFO 3Y Avg	603	3,672	3,896	13,498	14,736	111,559	8,697

Growth & Margins

	KOS	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Kosmos E.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Rev Chg LTM	-22.1%	3.2%	13.8%	4.5%	8.9%	6.0%	5.2%
Rev Chg 3Y Avg	-14.5%	-3.9%	6.5%	2.6%	3.7%	1.8%	2.2%
Rev Chg Q	-23.7%	4.2%	14.4%	9.1%	7.5%	9.6%	8.3%
QoQ Delta Rev Chg LTM	-6.5%	1.1%	3.7%	2.1%	1.8%	2.1%	2.0%
Op Mgn LTM	-7.6%	6.6%	4.8%	17.7%	22.5%	31.9%	12.1%
Op Mgn 3Y Avg	24.7%	7.4%	7.2%	16.4%	24.2%	30.8%	20.3%
QoQ Delta Op Mgn LTM	-11.4%	-0.2%	-1.4%	0.6%	0.4%	0.1%	-0.1%
CFO/Rev LTM	19.7%	6.7%	8.5%	20.6%	23.8%	26.6%	20.2%
CFO/Rev 3Y Avg	35.9%	6.8%	12.7%	21.4%	26.1%	28.4%	23.8%
FCF/Rev LTM	-9.4%	5.1%	1.8%	18.1%	22.1%	23.5%	11.6%
FCF/Rev 3Y Avg	-11.0%	5.5%	4.6%	18.6%	24.6%	25.6%	12.1%

Valuation

	KOS	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Kosmos E.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Mkt Cap	0.4	21.9	32.6	284.9	309.2	4,074.4	158.8
P/S	0.3	0.4	1.0	4.4	5.4	10.0	2.7
P/EBIT	-4.3	6.8	19.9	25.1	22.5	31.3	21.2
P/E	-1.3	8.6	572.7	36.0	29.9	41.0	33.0
P/CFO	1.5	5.9	11.2	21.1	22.5	37.5	16.2
Total Yield	-79.1%	14.1%	2.3%	5.0%	5.4%	2.8%	3.9%
Dividend Yield	0.0%	2.5%	2.1%	2.2%	2.1%	0.4%	2.1%
FCF Yield 3Y Avg	-11.8%	10.6%	5.5%	6.4%	6.0%	3.1%	5.7%
D/E	7.2	0.5	0.7	0.2	0.1	0.0	0.4
Net D/E	7.0	0.3	0.6	0.2	0.0	0.0	0.3

Returns

	KOS	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Kosmos E.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
1M Rtn	-18.6%	-1.8%	14.4%	0.6%	2.7%	-1.5%	-0.4%
3M Rtn	-51.4%	-11.9%	2.7%	7.9%	17.0%	7.1%	4.9%
6M Rtn	-52.4%	-4.0%	34.5%	6.6%	15.2%	36.3%	10.9%
12M Rtn	-73.3%	-27.0%	16.2%	40.5%	34.5%	7.5%	11.8%
3Y Rtn	-85.5%	-1.9%	71.1%	143.1%	81.3%	120.2%	76.2%
1M Excs Rtn	-22.5%	-5.6%	12.9%	-2.2%	-0.0%	-3.7%	-3.0%
3M Excs Rtn	-55.7%	-16.2%	-1.7%	3.6%	12.7%	2.8%	0.6%
6M Excs Rtn	-64.7%	-16.3%	22.3%	-5.7%	3.0%	24.0%	-1.3%
12M Excs Rtn	-87.7%	-42.9%	-0.7%	25.0%	19.9%	-8.4%	-4.6%
3Y Excs Rtn	-166.7%	-83.5%	-11.2%	59.6%	-1.2%	28.4%	-6.2%

FDIC Bank Data

$ 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	$0.87
Market Cap ($ Bil)	0.4
First Trading Date	05/11/2011
Distance from 52W High	-77.7%
	50 Days	200 Days
DMA Price	$1.26	$1.72
DMA Trend	down	down
Distance from DMA	-30.9%	-49.3%
	3M	1YR
Volatility	65.5%	77.1%
Downside Capture	247.83	172.09
Upside Capture	-146.96	13.94
Correlation (SPY)	13.3%	41.5%

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

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	-71.1%	8.6%	17.8%	72.1%	8.6%	4.4%	-8.2%
Annualized Volatility	76.6%	24.4%	19.4%	19.3%	15.2%	17.0%	35.0%
Sharpe Ratio	-1.28	0.29	0.72	2.70	0.34	0.09	-0.08
Correlation With Other Assets		67.5%	41.7%	2.3%	62.5%	21.3%	29.9%

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	-16.1%	21.8%	14.7%	18.7%	11.5%	4.6%	30.8%
Annualized Volatility	68.0%	26.7%	17.1%	15.5%	18.7%	18.9%	48.6%
Sharpe Ratio	0.03	0.75	0.70	0.97	0.50	0.16	0.57
Correlation With Other Assets		70.9%	33.1%	12.2%	53.9%	22.4%	17.8%

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	-15.9%	8.2%	14.8%	15.3%	7.0%	5.3%	69.2%
Annualized Volatility	75.0%	29.8%	18.0%	14.7%	17.6%	20.8%	55.8%
Sharpe Ratio	0.12	0.33	0.71	0.86	0.32	0.22	0.90
Correlation With Other Assets		69.2%	41.6%	5.4%	52.5%	31.8%	11.6%

Short Interest

Short Interest: As Of Date	12152025
Short Interest: Shares Quantity	64,152,729
Short Interest: % Change Since 11302025	5.5%
Average Daily Volume	14,290,820
Days-to-Cover Short Interest	4.49
Basic Shares Quantity	478,254,000
Short % of Basic Shares	13.4%

Returns Analyses

	Title
0	Can Kosmos Energy Stock Recover If Markets Fall?

Earnings Returns History

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	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
11/3/2025	-5.7%	-7.0%	-30.6%
8/4/2025	-2.6%	-10.3%	-6.7%
5/6/2025	-3.1%	20.1%	13.8%
11/4/2024	-1.6%	-1.6%	3.5%
8/5/2024	-4.5%	-2.2%	-7.6%
5/7/2024	2.0%	2.4%	-2.4%
2/26/2024	-3.4%	4.9%	-0.3%
11/6/2023	-6.6%	-7.5%	-17.3%
...
SUMMARY STATS
# Positive	8	12	13
# Negative	15	11	10
Median Positive	5.1%	5.8%	11.1%
Median Negative	-5.7%	-6.7%	-8.7%
Max Positive	28.3%	29.3%	119.2%
Max Negative	-18.7%	-38.6%	-85.7%

	Forward Returns
11/3/2025	-5.7%	-7.0%	-30.6%
8/4/2025	-2.6%	-10.3%	-6.7%
5/6/2025	-3.1%	20.1%	13.8%
11/4/2024	-1.6%	-1.6%	3.5%
8/5/2024	-4.5%	-2.2%	-7.6%
5/7/2024	2.0%	2.4%	-2.4%
2/26/2024	-3.4%	4.9%	-0.3%
11/6/2023	-6.6%	-7.5%	-17.3%
8/7/2023	0.3%	2.2%	2.1%
5/9/2023	0.0%	-3.0%	7.3%
2/27/2023	13.1%	6.2%	-8.7%
11/7/2022	7.3%	4.0%	-14.4%
8/8/2022	-1.0%	9.2%	11.1%
5/9/2022	-17.1%	-7.7%	13.8%
2/28/2022	8.0%	25.1%	49.3%
11/8/2021	-4.8%	-3.7%	2.1%
8/9/2021	-6.6%	-4.8%	3.1%
5/10/2021	-9.8%	-6.7%	5.1%
2/22/2021	2.9%	12.4%	12.0%
11/9/2020	28.3%	29.3%	119.2%
8/3/2020	-16.8%	0.0%	-8.7%
5/11/2020	-6.0%	5.4%	80.5%
2/24/2020	-18.7%	-38.6%	-85.7%
SUMMARY STATS
# Positive	8	12	13
# Negative	15	11	10
Median Positive	5.1%	5.8%	11.1%
Median Negative	-5.7%	-6.7%	-8.7%
Max Positive	28.3%	29.3%	119.2%
Max Negative	-18.7%	-38.6%	-85.7%

SEC Filings

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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

Insider Activity

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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 (12/28/2025): $0.8649 | Market Cap: $413.6 MilSector: Energy | Industry: Oil & Gas Exploration & Production

Kosmos Energy (KOS)

Market Price (12/28/2025): $0.8649Market Cap: $413.6 MilSector: EnergyIndustry: Oil & Gas Exploration & Production

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation, Metrics & Events

KOS Stock

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Qualitative Assessment

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About Kosmos Energy (KOS)

Crude Oil

Natural Gas

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Share Repurchases

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Interactive Breakdown

Better Bets than Kosmos Energy (KOS)

INDUSTRY: Oil & Gas Exploration & Production

Higher Rev Chg 3Y Avg | Lower P/S (Values for KOS: -14.5% | 0.3x)

Higher Rev Chg LTM (Value for KOS: -22.1%)

Higher Rev Chg 3Y Avg (Value for KOS: -14.5%)

Higher Op Mgn LTM (Value for KOS: -7.6%)

Higher CFO/Rev LTM (Value for KOS: 19.7%)

Higher FCF/Rev LTM (Value for KOS: -9.4%)

Higher Total Yield (Value for KOS: -79.1%)

SECTOR: Energy

Higher Rev Chg 3Y Avg | Lower P/S (Values for KOS: -14.5% | 0.3x)

Higher Rev Chg LTM (Value for KOS: -22.1%)

Higher Rev Chg 3Y Avg (Value for KOS: -14.5%)

Higher Op Mgn LTM (Value for KOS: -7.6%)

Higher CFO/Rev LTM (Value for KOS: 19.7%)

Higher FCF/Rev LTM (Value for KOS: -9.4%)

Higher Total Yield (Value for KOS: -79.1%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for KOS: -14.5% | 0.3x)

Higher Rev Chg LTM (Value for KOS: -22.1%)

Higher Rev Chg 3Y Avg (Value for KOS: -14.5%)

Higher Op Mgn LTM (Value for KOS: -7.6%)

Higher CFO/Rev LTM (Value for KOS: 19.7%)

Higher FCF/Rev LTM (Value for KOS: -9.4%)

Higher Total Yield (Value for KOS: -79.1%)

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Market Price (12/28/2025): $0.8649 | Market Cap: $413.6 Mil
Sector: Energy | Industry: Oil & Gas Exploration & Production

Market Price (12/28/2025): $0.8649
Market Cap: $413.6 Mil
Sector: Energy
Industry: Oil & Gas Exploration & Production