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Offshore oil and gas producer focused on Equatorial Guinea, Ghana, and the US Gulf of Mexico, plus Mauritania/Senegal LNG.
Offshore oil and gas producer focused on Equatorial Guinea, Ghana, and the US Gulf of Mexico, plus Mauritania/Senegal LNG.
Holds partial stakes in fields where others run the operations, such as Tullow in Ghana and BP at Tortue, plus its own operated Gulf of Mexico assets, and sells its share of crude in cargoes at market-linked prices. Output and the oil price therefore decide results, and heavy spending on new wells is funded partly by debt.
Moat: none (scale, installed base). Established offshore African production base, but commodity economics dominate versus a structural moat.
Headquarters: Dallas, Texas, United States · Founded: 2003 · Employees: 216
Size Kosmos Energy (KOS) is a United States Energy company (Integrated Oil) with a market value of $1.26B, the 2110th largest of 3,117 United States companies the cockpit tracks. Shares closed at $2.11 on 6 Nov 2026.
Performance Over six months the shares fell 23.3%, against -12.7% for the median peer and -1.1% for the United States market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue grew 22.9% over the last twelve months (peer median +28.4%); the operating margin is 23.0% (peer median 21.5%).
Valuation It trades at 4.6× forward earnings against a peer median of 6.9× (5th cheapest of 14).
Price implies For today's price to make sense, revenue must grow about -6% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is -16 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.3 points above its cost of capital (6.5% WACC).
Credit Kosmos Energy has 5 bonds outstanding ($2.20B), rated CCC by the agencies and trading like B at a weighted spread of 559 bp.
Short interest Short interest is 5.7% of the free float (15 Oct 2026).
Next results Next results expected around 1 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.72B | $1.30B | $1.68B | $1.72B | $2.26B |
| Revenue growth | — | -23% | -2% | -24% | — |
| Gross profit | $480M | -$191M | $573M | $842M | $1.22B |
| EBITDA | $923M | $323M | $962M | $1.18B | $1.61B |
| Net income | -$461M | -$700M | $190M | $214M | $227M |
| Free cash flow | $183M | -$180M | -$255M | -$167M | $315M |
| Capital expenditure | $298M | $314M | $934M | $933M | $809M |
| Total debt | $2.66B | $3.06B | $2.76B | $2.41B | $2.25B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Kosmos Energy KOS | $1.26B | -23% | +23% | 23% | 4.6× | -6.4% |
| Tullow Oil TLW.L | n/a | -44% | n/a | n/a | n/a | n/a |
| Woodside Energy WDS.AX | $40.4B | 0% | -10% | 26% | 9.4× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | KOS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -21.6% | -8.0% | 4th lowest of 21 |
| 6-month return | -23.3% | -12.7% | 8th lowest of 21 |
| Distance from 52-week high | -36.8% | -32.0% | 10th lowest of 21 |
| Revenue growth (TTM) | +22.9% | +28.4% | 9th lowest of 20 |
| Operating margin | 23.0% | 21.5% | 9th highest of 20 |
| Forward P/E | 4.6× | 6.9× | 5th cheapest of 14 |
| Growth the price implies (Req g, 7 yrs) | -6.4% | -7.9% | 4th most demanding of 11 |
| Growth delivered (Del g) | +9.9% | +10.6% | 6th highest of 11 |
| Hurdle (Req g minus delivered) | -16.3 pp | -18.3 pp | 6th least demanding of 11 |
| ROIC minus cost of capital | +3.3 pp | +2.0 pp | 8th highest of 21 |
| EV / EBITDA | 4.1× | 4.9× | 8th cheapest of 15 |
| Net debt / EBITDA | 2.8× | 1.0× | 3rd most indebted of 15 |
| Bond spread | 559 bp | 321 bp | widest of 4 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Kosmos Energy KOS | United States | $1.26B | -23% | +23% | 23% | 4.6× | -6.4% | +9.9% |
| Birchcliff Energy BIR.TO | Canada | $1.29B | +3% | +10% | 20% | 13.5× | 1.9% | +5.8% |
| Geo-Jade Petroleum 600759.SS | China | $1.33B | -54% | +42% | 30% | n/a | -0.7% | +2.8% |
| Greenfire Resources GFR.TO | Canada | $1.36B | +3% | -2% | 17% | n/a | n/a | n/a |
| Totalenergies EP Gabon EC.PA | France | $1.14B | -5% | -13% | 25% | n/a | -10.7% | -0.6% |
| Sino Prima Gas Technology 300483.SZ | China | $1.11B | -15% | +40% | 24% | 12.5× | -8.7% | +13.3% |
| Sino Geophysical 300191.SZ | China | $1.10B | -47% | +136% | 14% | n/a | n/a | n/a |
| United Energy 0467.HK | Hong Kong | $1.44B | -10% | +28% | 14% | 3.6× | n/a | n/a |
| Kelt Exploration KEL.TO | Canada | $1.45B | +4% | +30% | 17% | 12.4× | n/a | n/a |
| Mach Natural Resources LP MNR | United States | $1.50B | -35% | +39% | 22% | 5.9× | -10.0% | +2.9% |
| Tamboran Resources TBN | United States | $1.01B | -19% | n/a | n/a | n/a | n/a | n/a |
| Shanxi Blue Flame 000968.SZ | China | $961M | -28% | -1% | 14% | n/a | -6.8% | +7.9% |
| Saturn Oil & Gas SOIL.TO | Canada | $941M | +13% | +6% | 28% | 3.0× | -13.8% | +161.8% |
| Riley Exploration Permian REPX | United States | $913M | +24% | +23% | 39% | 4.2× | -7.1% | +164.3% |
| Senton Energy 001331.SZ | China | $1.75B | -24% | -24% | -1% | n/a | n/a | n/a |
| China Risun 1907.HK | Hong Kong | $841M | -45% | -2% | 3% | 9.0× | n/a | n/a |
| BKV BKV | United States | $1.92B | -37% | +84% | -1% | 11.1× | n/a | n/a |
| Headwater Exploration HWX.TO | Canada | $1.95B | -10% | +13% | 44% | 9.9× | 3.0% | +125.4% |
| Infinity Natural Resources INR | United States | $811M | -17% | +75% | 44% | 4.5× | n/a | n/a |
| DNO DNO.OL | Norway | $2.13B | +6% | +128% | 48% | 5.9× | n/a | n/a |
| TXO Partners, L.P TXO | United States | $728M | +7% | +50% | 23% | 6.9× | -13.3% | +36.9% |
Kosmos Energy has 5 bonds outstanding with $2.20B face value. The agencies rate it CCC; its bonds trade like B. Weighted yield 10.11%, a spread of 559 bp over government bonds.