Kosmos Energy Ltd. (KOS) Reports In-Line Q2 Loss

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Go back to Kosmos Energy Ltd. (KOS) Reports In-Line Q2 Loss

Kosmos Energy Announces Second Quarter 2015 Results

August 3, 2015 8:00 AM EDT

DALLAS--(BUSINESS WIRE)-- Kosmos Energy Ltd. (Kosmos) (NYSE: KOS) announced today financial and operating results for the second quarter of 2015, which included a net loss of $75.2 million, or $0.20 per diluted share, as compared to net income of $56.5 million, or $0.15 per diluted share in the same quarter last year. When adjusted for certain items that impact the comparability of results, including non-cash changes in the fair value of derivative instruments, cash settlements on commodity derivatives, gain on sale of assets, and other similar non-cash and non-recurring charges, the Company generated an adjusted net loss(1) of $1.3... More