KOS - Kosmos Energy Outperforms Q4 Expectations Amid Production Challenges | Benzinga
Kosmos Energy Ltd (NYSE:KOS) reported a fourth-quarter fiscal 2023 revenue decline of 10% year-over-year to $507.81 million, beating the consensus of $477.73 million.
Net production came in at around 66,000 barrels of oil equivalent per day (boepd), an increase of 12% YoY, with sales of about 73,000 boepd in the quarter.
The company stated that quarterly production was affected by decreased water injection at Jubilee, which has now been resolved. With new wells at Jubilee and the launch of Winterfell and Tortue LNG projects, production is set to increase throughout the year.
The company exited the quarter in ...