KOS - Kosmos Energy reports Q2 earnings; reaffirms FY22 production guidance
- Kosmos Energy press release ( NYSE: KOS ): Q2 Non-GAAP EPS of $0.28.
- Revenue of $620.88M (+61.7% Y/Y).
- Net Production: ~62,200 barrels of oil equivalent per day (boepd) with sales of ~62,400 boepd.
- Full year capital expenditure guidance for 2022 is now expected to be around $700M, incorporating the company’s latest inflation impact estimates (an increase of approximately 5%).
- Full year free cash flow generation and debt reduction to be in line with previous guidance with year-end net leverage expected to be lower than our 1.5x target.
- FY22 Production guidance of 63,000 - 67,000 boe per day.
- Q3 Production guidance of 60,000 - 63,000 boe per day.
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Kosmos Energy reports Q2 earnings; reaffirms FY22 production guidance