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Kosmos Energy Q1 Adjusted Loss Narrows, Revenue Declines

05/10/2021 00:39

04:26 AM EDT, 05/10/2021 (MT Newswires) -- Kosmos Energy (KOS) reported a Q1 adjusted loss Monday of $0.08 per share, compared with a loss of $0.16 per share a year earlier.

Three analysts polled by Capital IQ projected an adjusted loss of $0.09 per share.

Total revenue and other income were $176.6 million for the quarter ended March 31, down from $177.8 million a year ago.

Net production for the recent quarter averaged about 53,100 barrels of oil equivalent per day, in line with prior guidance.

Looking ahead, the company expects Q2 production of between 52,500 and 54,000 barrels of oil equivalent per day. For full-year 2021, it expects production of between 53,000 and 57,000 barrels of oil equivalent per day.

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