Kosmos Energy Ltd. (KOS) Misses Q1 EPS by 7c

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Kosmos Energy Announces First Quarter 2015 Results

May 4, 2015 8:02 AM EDT

DALLAS--(BUSINESS WIRE)-- Kosmos Energy Ltd. (Kosmos) (NYSE: KOS) announced today financial and operating results for the first quarter of 2015, which included a net loss of $78.9 million, or $0.21 per diluted share, as compared to net income of $75.0 million, or $0.19 per diluted share in the same quarter last year. Adjusting for the impact of realized and unrealized commodity derivatives, the Company generated a net loss of $66.6 million or $0.18 per diluted share for the first quarter of 2015.

Highlights for the quarter ended March 31, 2015, include:

Sold 1.9 million barrels of oil, net to Kosmos... More