Kosmos Energy (KOS) Tops Q4 EPS by 2c

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Go back to Kosmos Energy (KOS) Tops Q4 EPS by 2c

Kosmos Energy Announces Fourth Quarter and Full Year 2016 Results

February 27, 2017 6:50 AM EST

DALLAS--(BUSINESS WIRE)-- Kosmos Energy Ltd. (Kosmos) (NYSE: KOS) announced today financial and operating results for the fourth quarter of 2016. For the fourth quarter of 2016, the Company generated a net loss of $56.7 million, or $0.15 per diluted share as compared to net income of $24.0 million or $0.06 per share in the same period last year. When adjusted for certain items that impact the comparability of results, the Company generated an adjusted net loss(1) of $5.6 million or $0.01 per diluted share for the fourth quarter of 2016.

Highlights for the year ended 2016 include:

First... More