Recap: Kosmos Energy Q1 Earnings

Shares of Kosmos Energy KOS fell 0.7% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share were down 166.67% year over year to ($0.16), which missed the estimate of ($0.15).

Revenue of $177,781,000 lower by 40.10% from the same period last year, which missed the estimate of $199,750,000.

Outlook

Kosmos Energy hasn't issued any earnings guidance for the time being.

Kosmos Energy hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: May 11, 2020

Time: 09:00 PM ET

Webcast URL: https://edge.media-server.com/mmc/p/xz89vndr

Technicals

52-week high: $7.55

Company's 52-week low was at $0.50

Price action over last quarter: down 60.43%

Company Overview

Kosmos Energy Ltd is an independent oil and gas exploration and production company focused on frontier and emerging areas along the Atlantic Margin. The company focuses on field developments designed to accelerate production. Kosmos' exploration is tied to a geologically based approach geared toward the identification of petroleum systems. Its process starts with geologic studies that assess a region's subsurface but also incorporates basin modeling as well as techniques to identify reservoir/seal pair development and trap definition. In addition, a 3D seismic analysis is done to identify prospective traps of interest. In tandem with the subsurface analysis, a country-specific analysis is done to get an understanding of above-ground dynamics before targeting specific licenses.