$KOS
Kosmos Energy Ltd.

2024 Q3 Form 10-Q Financial Statement

#000150999124000072 Filed on August 05, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $407.8M $450.9M
YoY Change -22.52% 65.01%
Cost Of Revenue $133.5M $150.7M
YoY Change -3.84% 137.08%
Gross Profit $274.3M $300.2M
YoY Change -29.23% 43.16%
Gross Profit Margin 67.27% 66.57%
Selling, General & Admin $23.30M $25.16M
YoY Change -7.18% 7.32%
% of Gross Profit 8.49% 8.38%
Research & Development $14.70M $13.24M
YoY Change 42.69% 20.15%
% of Gross Profit 5.36% 4.41%
Depreciation & Amortization $122.9M $92.35M
YoY Change -8.84% -0.1%
% of Gross Profit 44.8% 30.77%
Operating Expenses $161.0M $132.1M
YoY Change -5.99% 3.91%
Operating Profit $113.4M $168.1M
YoY Change -47.61% 103.59%
Interest Expense -$6.858M -$12.91M
YoY Change -90.26% -51.72%
% of Operating Profit -6.05% -7.68%
Other Income/Expense, Net -$2.227M -$2.162M
YoY Change -79.86% -3703.33%
Pretax Income $106.6M $135.1M
YoY Change -22.53% 154.07%
Income Tax $61.58M $75.35M
% Of Pretax Income 57.79% 55.77%
Net Earnings $44.97M $59.77M
YoY Change -47.2% 156.03%
Net Earnings / Revenue 11.03% 13.26%
Basic Earnings Per Share $0.10 $0.13
Diluted Earnings Per Share $0.09 $0.12
COMMON SHARES
Basic Shares Outstanding 471.8M shares 471.5M shares
Diluted Shares Outstanding 479.2M shares 480.2M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $51.58M $173.8M
YoY Change -62.81% 102.75%
Cash & Equivalents $51.58M $173.8M
Short-Term Investments
Other Short-Term Assets $207.5M $41.20M
YoY Change 319.27% -6.17%
Inventory $154.9M $149.5M
Prepaid Expenses
Receivables $162.0M $101.2M
Other Receivables $18.97M $11.89M
Total Short-Term Assets $421.1M $477.6M
YoY Change -8.82% 13.84%
LONG-TERM ASSETS
Property, Plant & Equipment $4.694B $4.558B
YoY Change 12.31% 11.78%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $0.00
YoY Change -100.0% -100.0%
Other Assets $355.4M $24.83M
YoY Change 1100.75% -11.31%
Total Long-Term Assets $5.050B $4.912B
YoY Change 12.03% 11.93%
TOTAL ASSETS
Total Short-Term Assets $421.1M $477.6M
Total Long-Term Assets $5.050B $4.912B
Total Assets $5.471B $5.389B
YoY Change 10.09% 12.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $285.0M $345.3M
YoY Change 43.17% 30.9%
Accrued Expenses $277.8M $302.9M
YoY Change -18.02% 83.09%
Deferred Revenue $23.72M $12.79M
YoY Change -5.4% -38.17%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $563.2M $654.9M
YoY Change -0.21% 25.04%
LONG-TERM LIABILITIES
Long-Term Debt $2.692B $2.595B
YoY Change 12.67% 10.03%
Other Long-Term Liabilities $250.3M $255.3M
YoY Change 0.14% -54.56%
Total Long-Term Liabilities $3.711B $3.593B
YoY Change 8.97% 23.01%
TOTAL LIABILITIES
Total Short-Term Liabilities $563.2M $654.9M
Total Long-Term Liabilities $3.711B $3.593B
Total Liabilities $4.274B $4.247B
YoY Change 7.67% 8.8%
SHAREHOLDERS EQUITY
Retained Earnings -$1.076B -$1.121B
YoY Change -16.86% -18.73%
Common Stock $2.510B $2.500B
YoY Change -0.83% -0.81%
Preferred Stock
YoY Change
Treasury Stock (at cost) $237.0M $237.0M
YoY Change 0.0% 0.0%
Treasury Stock Shares
Shareholders Equity $1.197B $1.142B
YoY Change
Total Liabilities & Shareholders Equity $5.471B $5.389B
YoY Change 10.09% 12.1%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $44.97M $59.77M
YoY Change -47.2% 156.03%
Depreciation, Depletion And Amortization $122.9M $92.35M
YoY Change -8.84% -0.1%
Cash From Operating Activities $6.282M $223.7M
YoY Change -97.48% 1134.99%
INVESTING ACTIVITIES
Capital Expenditures $219.2M $238.2M
YoY Change 12.43% 23.29%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$47.00K
YoY Change -100.0% -99.73%
Cash From Investing Activities -$219.2M -$238.2M
YoY Change 5.25% 13.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 90.73M -69.23M
YoY Change 656.09% -146.16%
NET CHANGE
Cash From Operating Activities 6.282M 223.7M
Cash From Investing Activities -219.2M -238.2M
Cash From Financing Activities 90.73M -69.23M
Net Change In Cash -122.2M -83.79M
YoY Change -330.19% 96.25%
FREE CASH FLOW
Cash From Operating Activities $6.282M $223.7M
Capital Expenditures $219.2M $238.2M
Free Cash Flow -$213.0M -$14.51M
YoY Change -491.48% -91.71%

Facts In Submission

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us-gaap Nature Of Operations
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Organization<div style="text-indent:63pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Kosmos Energy Ltd. is incorporated in the State of Delaware as a holding company for Kosmos Energy Delaware Holdings, LLC, a Delaware limited liability company. As a holding company, Kosmos Energy Ltd.’s management operations are conducted through a wholly-owned subsidiary, Kosmos Energy, LLC. The terms “Kosmos,” the “Company,” “we,” “us,” “our,” “ours,” and similar terms refer to Kosmos Energy Ltd. and its wholly-owned subsidiaries, unless the context indicates otherwise.</span></div><div style="text-align:justify;text-indent:36pt"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Kosmos is a full-cycle, deepwater, independent oil and gas exploration and production company focused along the offshore Atlantic Margins. Our key assets include production offshore Ghana, Equatorial Guinea and the U.S. Gulf of Mexico, as well as world-class gas projects offshore Mauritania and Senegal. We also pursue a proven basin exploration program in Equatorial Guinea and the U.S. Gulf of Mexico. Kosmos is listed on the NYSE and LSE and is traded under the ticker symbol KOS.</span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Kosmos is engaged in a single line of business, which is the exploration, development, and production of oil and natural gas. Substantially all of our long-lived assets and all of our product sales are related to operations in four geographic areas: Ghana, Equatorial Guinea, Mauritania/Senegal and the U.S. Gulf of Mexico.</span></div>
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us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Reclassifications</span></div><div style="text-align:justify;text-indent:63pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div>Certain prior period amounts have been reclassified to conform with the current presentation. Such reclassifications had no significant impact on our reported net income, current assets, total assets, current liabilities, total liabilities, stockholders’ equity or cash flows.
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
173813000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
95345000 usd
CY2024Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
305000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
3416000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
174118000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
98761000 usd
CY2024Q2 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
143900000 usd
CY2023Q4 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
143000000.0 usd
CY2024Q2 us-gaap Energy Related Inventory Petroleum
EnergyRelatedInventoryPetroleum
5600000 usd
CY2023Q4 us-gaap Energy Related Inventory Petroleum
EnergyRelatedInventoryPetroleum
9100000 usd
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
447848000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
272342000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
870139000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
671084000 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Concentration of Credit Risk</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our revenue can be materially affected by current economic conditions and the price of oil and natural gas. However, based on the current demand for crude oil and natural gas and the fact that alternative purchasers are readily available, we believe that the loss of our purchasers and/or marketing agents would not have a long‑term material adverse effect on our financial position or results of operations.</span></div>
CY2024Q2 us-gaap Oil And Gas Joint Interest Billing Receivables Current
OilAndGasJointInterestBillingReceivablesCurrent
28192000 usd
CY2023Q4 us-gaap Oil And Gas Joint Interest Billing Receivables Current
OilAndGasJointInterestBillingReceivablesCurrent
35632000 usd
CY2024Q2 kos Oil And Gas Joint Interest Billing Receivables Oil Sales Current
OilAndGasJointInterestBillingReceivablesOilSalesCurrent
73042000 usd
CY2023Q4 kos Oil And Gas Joint Interest Billing Receivables Oil Sales Current
OilAndGasJointInterestBillingReceivablesOilSalesCurrent
64958000 usd
CY2024Q2 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
11890000 usd
CY2023Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
20143000 usd
CY2024Q2 us-gaap Receivables Net Current
ReceivablesNetCurrent
113124000 usd
CY2023Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
120733000 usd
CY2024Q2 us-gaap Oil And Gas Joint Interest Billing Receivables Noncurrent
OilAndGasJointInterestBillingReceivablesNoncurrent
328533000 usd
CY2023Q4 us-gaap Oil And Gas Joint Interest Billing Receivables Noncurrent
OilAndGasJointInterestBillingReceivablesNoncurrent
325181000 usd
CY2024Q2 us-gaap Proved Oil And Gas Property Successful Effort Method
ProvedOilAndGasPropertySuccessfulEffortMethod
8113221000 usd
CY2023Q4 us-gaap Proved Oil And Gas Property Successful Effort Method
ProvedOilAndGasPropertySuccessfulEffortMethod
7600252000 usd
CY2024Q2 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
482460000 usd
CY2023Q4 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
423050000 usd
CY2024Q2 us-gaap Oil And Gas Property Successful Effort Method Gross
OilAndGasPropertySuccessfulEffortMethodGross
8595681000 usd
CY2023Q4 us-gaap Oil And Gas Property Successful Effort Method Gross
OilAndGasPropertySuccessfulEffortMethodGross
8023302000 usd
CY2024Q2 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
4042252000 usd
CY2023Q4 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
3868946000 usd
CY2024Q2 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
4553429000 usd
CY2023Q4 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
4154356000 usd
CY2024Q2 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
65488000 usd
CY2023Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
65095000 usd
CY2024Q2 us-gaap Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
60604000 usd
CY2023Q4 us-gaap Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
59222000 usd
CY2024Q2 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
4884000 usd
CY2023Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
5873000 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4558313000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4160229000 usd
CY2024Q2 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
81100000 usd
CY2023Q2 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
82000000.0 usd
us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
173300000 usd
us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
183600000 usd
CY2023Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
211959000 usd
us-gaap Capitalized Exploratory Well Cost Additions Pending Determination Of Proved Reserves
CapitalizedExploratoryWellCostAdditionsPendingDeterminationOfProvedReserves
16004000 usd
us-gaap Reclassification To Well Facilities And Equipment Based On Determination Of Proved Reserves
ReclassificationToWellFacilitiesAndEquipmentBasedOnDeterminationOfProvedReserves
0 usd
us-gaap Capitalized Exploratory Well Cost Charged To Expense1
CapitalizedExploratoryWellCostChargedToExpense1
0 usd
CY2024Q2 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
227963000 usd
CY2024Q2 us-gaap Capitalized Exploratory Well Costs That Have Been Capitalized For Period Of One Year Or Less
CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodOfOneYearOrLess
63795000 usd
CY2023Q4 us-gaap Capitalized Exploratory Well Costs That Have Been Capitalized For Period Of One Year Or Less
CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodOfOneYearOrLess
54274000 usd
CY2024Q2 kos Capitalized Exploratory Well Costs Greater Than Or Equal To One Year And Less Than Four Years
CapitalizedExploratoryWellCostsGreaterThanOrEqualToOneYearAndLessThanFourYears
36396000 usd
CY2023Q4 kos Capitalized Exploratory Well Costs Greater Than Or Equal To One Year And Less Than Four Years
CapitalizedExploratoryWellCostsGreaterThanOrEqualToOneYearAndLessThanFourYears
34775000 usd
CY2024Q2 kos Capitalized Exploratory Well Costs Greater Than Or Equal To Four Years And Less Than Six Years
CapitalizedExploratoryWellCostsGreaterThanOrEqualToFourYearsAndLessThanSixYears
127772000 usd
CY2023Q4 kos Capitalized Exploratory Well Costs Greater Than Or Equal To Four Years And Less Than Six Years
CapitalizedExploratoryWellCostsGreaterThanOrEqualToFourYearsAndLessThanSixYears
122910000 usd
CY2024Q2 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
227963000 usd
CY2023Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
211959000 usd
CY2024Q2 us-gaap Projects That Have Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year
ProjectsThatHaveExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear
2 project
CY2023Q4 us-gaap Projects That Have Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year
ProjectsThatHaveExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear
2 project
CY2024Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2650000000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2425000000 usd
CY2024Q2 kos Debt Instrument Unamortized Issuance Costs And Discounts
DebtInstrumentUnamortizedIssuanceCostsAndDiscounts
54704000 usd
CY2023Q4 kos Debt Instrument Unamortized Issuance Costs And Discounts
DebtInstrumentUnamortizedIssuanceCostsAndDiscounts
34086000 usd
CY2024Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2595296000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2390914000 usd
CY2024Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2650000000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
0 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
650000000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
400000000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
642130000 usd
CY2024Q2 kos Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
957870000 usd
CY2024Q2 us-gaap Interest Costs Incurred
InterestCostsIncurred
53168000 usd
CY2023Q2 us-gaap Interest Costs Incurred
InterestCostsIncurred
51965000 usd
us-gaap Interest Costs Incurred
InterestCostsIncurred
107937000 usd
us-gaap Interest Costs Incurred
InterestCostsIncurred
100480000 usd
CY2024Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2256000 usd
CY2023Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2530000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4655000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
5081000 usd
CY2024Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-22531000 usd
CY2023Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-22531000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2024Q2 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
41525000 usd
CY2023Q2 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
33688000 usd
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
83926000 usd
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
63891000 usd
CY2024Q2 kos Deferred Interest Net
DeferredInterestNet
-1010000 usd
CY2023Q2 kos Deferred Interest Net
DeferredInterestNet
670000 usd
kos Deferred Interest Net
DeferredInterestNet
-2982000 usd
kos Deferred Interest Net
DeferredInterestNet
353000 usd
CY2024Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
6233000 usd
CY2023Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
4445000 usd
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
10874000 usd
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
8586000 usd
CY2024Q2 kos Interest And Other Financing Costs Other Net
InterestAndOtherFinancingCostsOtherNet
8092000 usd
CY2023Q2 kos Interest And Other Financing Costs Other Net
InterestAndOtherFinancingCostsOtherNet
7339000 usd
kos Interest And Other Financing Costs Other Net
InterestAndOtherFinancingCostsOtherNet
16386000 usd
kos Interest And Other Financing Costs Other Net
InterestAndOtherFinancingCostsOtherNet
15502000 usd
CY2024Q2 kos Interest Expense Income Net
InterestExpenseIncomeNet
37279000 usd
CY2023Q2 kos Interest Expense Income Net
InterestExpenseIncomeNet
24371000 usd
kos Interest Expense Income Net
InterestExpenseIncomeNet
53727000 usd
kos Interest Expense Income Net
InterestExpenseIncomeNet
48939000 usd
CY2024Q2 us-gaap Interest Paid
InterestPaid
61000000.0 usd
CY2023Q2 us-gaap Interest Paid
InterestPaid
61000000.0 usd
us-gaap Interest Paid
InterestPaid
91400000 usd
us-gaap Interest Paid
InterestPaid
96400000 usd
CY2024Q2 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
41500000 usd
CY2023Q2 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
33700000 usd
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
83900000 usd
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
63900000 usd
CY2024Q2 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
5904000 usd
CY2023Q2 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-2118000 usd
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-21106000 usd
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
220000 usd
CY2023Q2 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2024Q2 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
135124000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
53183000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
277093000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
192815000 usd
CY2024Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.56
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.56
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.45
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.45
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
59770000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
23345000 usd
us-gaap Net Income Loss
NetIncomeLoss
151456000 usd
us-gaap Net Income Loss
NetIncomeLoss
106654000 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
471599000 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
459984000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
469821000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
459155000 shares
CY2024Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
8573000 shares
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
19032000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
10003000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
19747000 shares
CY2024Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2023Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
480172000 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
479016000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
479824000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
478902000 shares
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.13
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.05
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.32
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.23
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.05
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.32
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.22
CY2024Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1200000 shares
CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1800000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2800000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1400000 shares
CY2024Q2 kos Estimated Decommissioning Costs
EstimatedDecommissioningCosts
148900000 usd
CY2024Q2 kos Estimated Decommissioning Costs Funding Period
EstimatedDecommissioningCostsFundingPeriod
P13Y
CY2024Q2 kos Accrued Exploration Development And Production Costs Current
AccruedExplorationDevelopmentAndProductionCostsCurrent
111735000 usd
CY2023Q4 kos Accrued Exploration Development And Production Costs Current
AccruedExplorationDevelopmentAndProductionCostsCurrent
90054000 usd
CY2024Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
12785000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
20506000 usd
CY2024Q2 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
1357000 usd
CY2023Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
2808000 usd
CY2024Q2 kos Accrued General And Administrative Expenses Current
AccruedGeneralAndAdministrativeExpensesCurrent
20443000 usd
CY2023Q4 kos Accrued General And Administrative Expenses Current
AccruedGeneralAndAdministrativeExpensesCurrent
29766000 usd
CY2024Q2 us-gaap Interest Payable Current
InterestPayableCurrent
51222000 usd
CY2023Q4 us-gaap Interest Payable Current
InterestPayableCurrent
36410000 usd
CY2024Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
87357000 usd
CY2023Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
111212000 usd
CY2024Q2 kos Accrual For All Other Taxes Current
AccrualForAllOtherTaxesCurrent
1578000 usd
CY2023Q4 kos Accrual For All Other Taxes Current
AccrualForAllOtherTaxesCurrent
1029000 usd
CY2024Q2 kos Derivative Liability Settled Current
DerivativeLiabilitySettledCurrent
924000 usd
CY2023Q4 kos Derivative Liability Settled Current
DerivativeLiabilitySettledCurrent
1372000 usd
CY2024Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
15502000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
9658000 usd
CY2024Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
302903000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
302815000 usd
CY2023Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
346786000 usd
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
10762000 usd
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
638000 usd
us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
-812000 usd
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
16334000 usd
CY2024Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
372432000 usd
CY2024Q2 kos Inventory Write Down Net
InventoryWriteDownNet
-105000 usd
CY2023Q2 kos Inventory Write Down Net
InventoryWriteDownNet
2704000 usd
kos Inventory Write Down Net
InventoryWriteDownNet
27000 usd
kos Inventory Write Down Net
InventoryWriteDownNet
2939000 usd
CY2024Q2 kos Gain Loss On Asset Retirement Obligation Liabilities Settled
GainLossOnAssetRetirementObligationLiabilitiesSettled
-2341000 usd
CY2023Q2 kos Gain Loss On Asset Retirement Obligation Liabilities Settled
GainLossOnAssetRetirementObligationLiabilitiesSettled
0 usd
kos Gain Loss On Asset Retirement Obligation Liabilities Settled
GainLossOnAssetRetirementObligationLiabilitiesSettled
-3187000 usd
kos Gain Loss On Asset Retirement Obligation Liabilities Settled
GainLossOnAssetRetirementObligationLiabilitiesSettled
115000 usd
CY2024Q2 us-gaap Other Nonoperating Gains Losses
OtherNonoperatingGainsLosses
-4608000 usd
CY2023Q2 us-gaap Other Nonoperating Gains Losses
OtherNonoperatingGainsLosses
-2075000 usd
us-gaap Other Nonoperating Gains Losses
OtherNonoperatingGainsLosses
-7351000 usd
us-gaap Other Nonoperating Gains Losses
OtherNonoperatingGainsLosses
-3755000 usd
CY2024Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2162000 usd
CY2023Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-4779000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-4191000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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GeneralAndAdministrativeExpense
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ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion
90094000 usd
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InterestExpenseIncomeNet
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CY2024Q2 us-gaap Costs And Expenses
CostsAndExpenses
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CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
135124000 usd
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2024Q2 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
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us-gaap Revenues
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us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
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kos Revenue And Other Income
RevenueAndOtherIncome
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us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
244351000 usd
us-gaap Exploration Expense
ExplorationExpense
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us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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us-gaap Results Of Operations Depreciation Depletion Amortization And Accretion
ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion
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kos Interest Expense Income Net
InterestExpenseIncomeNet
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kos Gain Loss On Commodity Derivative Instruments Net Pretax
GainLossOnCommodityDerivativeInstrumentsNetPretax
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Costs And Expenses
CostsAndExpenses
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Net Income Loss
NetIncomeLoss
151456000 usd
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
501644000 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2024Q2 us-gaap Assets
Assets
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CY2023Q2 us-gaap Revenues
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CY2023Q2 us-gaap Other Operating Income Expense Net
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CY2023Q2 kos Revenue And Other Income
RevenueAndOtherIncome
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CY2023Q2 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
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CY2023Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion
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CY2023Q2 kos Interest Expense Income Net
InterestExpenseIncomeNet
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CY2023Q2 kos Gain Loss On Commodity Derivative Instruments Net Pretax
GainLossOnCommodityDerivativeInstrumentsNetPretax
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CY2023Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2023Q2 us-gaap Costs And Expenses
CostsAndExpenses
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CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q2 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
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OtherOperatingIncomeExpenseNet
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kos Revenue And Other Income
RevenueAndOtherIncome
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OperatingCostsAndExpenses
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GeneralAndAdministrativeExpense
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ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion
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kos Interest Expense Income Net
InterestExpenseIncomeNet
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kos Gain Loss On Commodity Derivative Instruments Net Pretax
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OtherNonoperatingIncomeExpense
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us-gaap Costs And Expenses
CostsAndExpenses
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
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CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2023Q2 us-gaap Assets
Assets
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us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
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us-gaap Payments To Acquire Oil And Gas Property And Equipment
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kos Increase Decrease In Capital Accruals
IncreaseDecreaseInCapitalAccruals
7945000 usd
kos Increase Decrease In Capital Accruals
IncreaseDecreaseInCapitalAccruals
1290000 usd
us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
22610000 usd
us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
21702000 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
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us-gaap Interest Costs Capitalized
InterestCostsCapitalized
63891000 usd
kos Other Capital Expenditure Expense
OtherCapitalExpenditureExpense
2022000 usd
kos Other Capital Expenditure Expense
OtherCapitalExpenditureExpense
110000 usd
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
501644000 usd
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
376078000 usd

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