Kosmos Energy Ltd. reported second quarter 2026 net income of $185 million ($0.31 diluted share), compared to a loss in the prior year period. Adjusted net income was $68 million ($0.11 per diluted share). The company generated $607 million in revenues and approximately $89 million in free cash flow, supporting over $400 million of net debt reduction in the first half of 2026. Net production averaged ~71,400 boepd, up ~12% year-over-year, driven by ramp-up at Greater Tortue Ahmeyim and new wells at Jubilee. Kosmos completed the sale of its Equatorial Guinea assets for approximately $127 million and finalized a farm-down of the Tiberius project in the Gulf of America with Navitas taking a 33.33% stake. The company maintains full-year capital expenditure guidance of $350 million and exited the quarter with ~$2.56 billion in net debt. Kosmos Energy Ltd. is an independent oil and gas exploration and production company.
