NYSE$KOS
Kosmos Energy Ltd · Q2 2026 earnings
Q2 2026 earnings · · Before market open · Investor relations
Briefing
Kosmos Energy Ltd reported higher revenue and net income for Q2 2026 driven by increased production and realized prices.
Kosmos Energy Ltd achieved oil and gas revenue of $607.3 million in Q2 2026, up significantly from the prior year, with net income of $184.8 million. Production averaged 76,982 Boepd across Ghana, Equatorial Guinea, Mauritania/Senegal and the Gulf of America. The company completed the sale of its Equatorial Guinea assets and maintained a strong liquidity position with $542 million in available borrowings plus cash.
- Q2 2026 oil and gas revenue reached $607.3 million with average realized price of $86.68 per Boe.
- Net income totaled $184.8 million and basic EPS was $0.31.
- Production averaged 76,982 Boepd with strong contributions from Jubilee and GTA.
- Net debt reduced to $2.56 billion and 2026 capital program set at approximately $350 million.
Headline financials
Revenue & EPS history
Kosmos Energy · Revenue · Quarterly
$607M
Revenue by segment
Kosmos Energy · $295M total across 3 segments · Q4 2025
- Oil Sales$220M-42.2%74.6%
- Gas Sales$63.1M+320.0%21.4%
- NGL Sales$11.6M+443.0%3.9%
Forward guidance
The company expects to spend approximately $350 million in capital for the full year 2026 focused on infill drilling and development activities.
Tailwinds
- Continued development drilling at Jubilee with multiple wells online
- GTA Phase 1 production ramp-up contributing to higher volumes
- Successful farm-out of Tiberius reducing capital exposure
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
+0.3%
Avg return
Earnings day
+1.4%
Avg return
5 days after
+2.4%
Avg return
30 days after
48%
29 / 60 earnings
Positive
+22.2%
Q3 2020
Best reaction
-24.7%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q1 2026 | -4.6% | -15.9% | -7.3% | |
| Q4 2025 | +3.0% | +10.3% | +15.5% | |
| Q3 2025 | -4.6% | -7.0% | -30.6% | |
| Q2 2025 | -2.6% | -10.3% | -13.8% | |
| Q1 2025 | -3.9% | +12.6% | +10.7% | |
| Q4 2024 | -9.4% | -11.6% | -26.4% | |
| Q3 2024 | -4.7% | +1.3% | -8.9% | |
| Q2 2024 | -3.3% | -14.5% | -10.8% | |
| Q1 2024 | +3.1% | +4.8% | -1.4% | |
| Q4 2023 | +0.0% | +4.9% | -1.2% | |
| Q3 2023 | -11.4% | -7.5% | -19.4% | |
| Q2 2023 | -0.8% | +2.2% | +2.6% | |
| Q1 2023 | -1.6% | -4.4% | +7.4% | |
| Q4 2022 | +4.1% | +6.2% | -3.6% | |
| Q3 2022 | +6.6% | +4.0% | -13.9% | |
| Q2 2022 | +3.5% | +9.2% | +4.2% | |
| Q1 2022 | -13.8% | -7.7% | +11.4% | |
| Q4 2021 | +14.4% | +25.1% | +53.3% | |
| Q3 2021 | +0.0% | -3.7% | +4.0% | |
| Q2 2021 | -2.6% | -4.8% | +1.3% | |
| Q1 2021 | -8.3% | -6.7% | +4.1% | |
| Q4 2020 | +9.1% | +12.4% | +5.8% | |
| Q3 2020 | +22.2% | +29.3% | +99.0% | |
| Q2 2020 | -8.1% | +0.0% | -14.9% | |
| Q1 2020 | +1.3% | +5.4% | +61.1% | |
| Q4 2019 | -24.7% | -38.6% | -80.3% | |
| Q3 2019 | +8.5% | +16.0% | -2.8% | |
| Q2 2019 | +8.3% | +10.1% | +10.6% | |
| Q1 2019 | -0.8% | +0.0% | -15.5% | |
| Q4 2018 | +12.2% | +10.7% | +1.9% | |
| Q3 2018 | -8.8% | -7.1% | -19.4% | |
| Q2 2018 | +5.2% | +10.7% | +13.7% | |
| Q1 2018 | +2.9% | +1.5% | +13.9% | |
| Q4 2017 | +1.2% | -2.3% | +6.5% | |
| Q3 2017 | +5.3% | +3.3% | -7.4% | |
| Q2 2017 | +8.1% | +4.3% | +11.0% | |
| Q1 2017 | +7.1% | +14.5% | +1.8% | |
| Q4 2016 | +2.5% | +0.0% | +6.7% | |
| Q3 2016 | -4.0% | -3.7% | +12.3% | |
| Q2 2016 | -3.6% | +1.2% | +13.4% | |
| Q1 2016 | -9.2% | — | — | |
| Q4 2015 | +13.1% | — | — | |
| Q3 2015 | +14.5% | — | — | |
| Q2 2015 | -4.0% | — | — | |
| Q1 2015 | -3.3% | — | — | |
| Q4 2014 | -2.2% | — | — | |
| Q3 2014 | -2.0% | — | — | |
| Q2 2014 | +1.1% | — | — | |
| Q1 2014 | -4.5% | — | — | |
| Q4 2013 | +2.9% | — | — | |
| Q3 2013 | -0.9% | — | — | |
| Q2 2013 | -4.3% | — | — | |
| Q1 2013 | +2.4% | — | — | |
| Q4 2012 | +4.1% | — | — | |
| Q3 2012 | -0.6% | — | — | |
| Q2 2012 | +3.2% | — | — | |
| Q1 2012 | +1.7% | — | — | |
| Q4 2011 | -0.2% | — | — | |
| Q3 2011 | +0.1% | — | — | |
| Q2 2011 | +0.7% | — | — | |
| Q3 2010 | — | — | — | |
| Q2 2010 | — | — | — |
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