Kosmos Energy Ltd. announced today that, subject to market conditions, it intends to offer $500 million aggregate principal amount of senior notes due 2031. Kosmos intends to use the net proceeds from the offering, together with cash on hand, to fund the tender offers for a portion of its 7.125% Senior Notes due 2026, 7.750% Senior Notes due 2027 and 7.500% Senior Notes due 2028 announced today and to pay any related [...]
Kosmos Energy Ltd. announces the launch of its offers to purchase for cash up to $400,000,000 aggregate principal amount of the Offeror's outstanding 7.125% Senior Notes due 2026 and up to $100,000,000 aggregate principal amount of the Offeror's outstanding 7.750% Senior Notes due 2027 and its 7.500% Senior Notes due 2028 , subject, in the case of the 2027 Notes, to the 2027 Notes Sub-Cap as further detailed below. The [...]
Kosmos Energy Ltd. announced today its financial and operating results for the second quarter of 2024. For the quarter, the Company generated a net income of $60 million, or $0.12 per diluted share. When adjusted for certain items that impact the comparability of results, the Company generated an adjusted net income of $80 million, or $0.17 per diluted share for the second quarter of 2024. SECOND QUARTER 2024 HIGHLIGHTS [...]
Kosmos Energy announced today the following schedule for its second quarter 2024 results: Earnings Release: Monday, August 5, 2024, pre-UK market open via Business Wire, Regulatory News Service, and the Company's website at www.kosmosenergy.com. Conference Call: Monday, August 5, 2024, at 11:00 a.m. ET. The call will be available via telephone and webcast. Dial-in telephone numbers: Toll Free: 1-877-407-0784 [...]
Kosmos Energy Ltd. announced today the successful start-up of oil production at the Winterfell development in the Green Canyon area of the U.S. Gulf of Mexico. Winterfell is a phased development with the initial two production wells of the first phase now online and ramping up production. A third well is currently being drilled and is expected to be online by the end of the third quarter of 2024. The three initial wells [...]
Kosmos Energy Ltd. announced today its financial and operating results for the first quarter of 2024. For the quarter, the Company generated a net income of $92 million, or $0.19 per diluted share. When adjusted for certain items that impact the comparability of results, the Company generated an adjusted net income of $99 million, or $0.21 per diluted share for the first quarter of 2024. FIRST QUARTER 2024 HIGHLIGHTS Net [...]
Kosmos Energy announced today that it has successfully re-financed its reserve-based lending facility extending the maturity by approximately three years, with the RBL facility's final maturity now in December 2029. In conjunction with the spring re-determination, the total RBL facility size has been increased to $1.35 billion with current commitments of approximately $1.2 billion. Discussions with additional potential [...]
Kosmos Energy announced today the following schedule for its first quarter 2024 results: Earnings Release: Tuesday, May 07, 2024, pre-UK market open via Business Wire, Regulatory News Service, and the Company's website at www.kosmosenergy.com. Conference Call: Tuesday, May 07, 2024, at 11:00 a.m. EDT. The call will be available via telephone and webcast. Dial-in telephone numbers: Toll Free: 1-877-407-0784 [...]
Kosmos Energy Ltd. , announced today that it has priced a private offering of $350 million aggregate principal amount of its 3.125% convertible senior notes due 2030 , which represents a $50 million increase in principal amount from the previously announced offering size. The Company also granted the initial purchasers an option to purchase up to an additional $50 million aggregate principal amount of notes, for [...]
Kosmos Energy Ltd. announced today that it intends to offer, subject to market and other conditions, $300 million aggregate principal amount of its convertible senior notes due 2030 in a private placement. The Company also expects to grant the initial purchasers an option to purchase up to an additional $45 million aggregate principal amount of notes, for settlement within a 13-day period beginning on, and including, the [...]
Kosmos Energy Ltd. announced today its financial and operating results for the fourth quarter of 2023. For the quarter, the Company generated a net income of $22 million, or $0.04 per diluted share. When adjusted for certain items that impact the comparability of results, the Company generated an adjusted net income of $149 million, or $0.31 per diluted share for the fourth quarter of 2023. 2023 HIGHLIGHTS 4Q Net [...]
Kosmos Energy announced today the following schedule for its fourth quarter 2023 results: Earnings Release: Monday, February 26, 2024, pre-UK market open via Business Wire, Regulatory News Service, and the Company's website at www.kosmosenergy.com. Conference Call: Monday, February 26, 2024, at 11:00 a.m. EST. The call will be available via telephone and webcast. Dial-in telephone numbers: Toll Free: 1-877-407-0784 [...]