Kosmos Energy Tops Q3 Earnings & Revises FY23 Outlook, Boosts Interest In Senegal Asset

Grand News Network | November 6, 2023

Kosmos Energy Ltd (NYSE: KOS) reported third-quarter (Q3) 2023 revenue of $526.5 million, beating the consensus of $457.4 million.

Net production came in at around 68,200 barrels of oil equivalent per day (boepd), with sales of about 73,100 boepd in the quarter.

Production grew 17% Q/Q following the successful startup of the Jubilee South East development, with three producers brought online taking gross field production up to around 100,000 barrels of oil per day.

Also Read: Kosmos Energy CEO Touts Success At Tiberius Well, 'Top Quartile Carbon Emissions'

KOS exited the quarter in a net underlift position of about 0.5 million barrels, which is expected to partially reverse in Q4 FY23.

Realized pricing declined to $78.24 per boe (including ...

Full story available on Benzinga.com

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