Kosmos Energy Ltd. · NYSE:KOS
Kosmos Energy — Q3 2025 Earnings Presentation
12 slides from Kosmos Energy's earnings presentation, Nov 3, 2025
Slide 1: Third Quarter 2025 Results
Third Quarter 2025 Results November 3, 2025 NYSE/LSE: KOS 1 Strictly Private and Confidential
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this presentation
Slide 3: Consistent Execution of Our Strategy
Consistent Execution of Our Strategy Approaching record high production, costs falling, significant balance sheet progress Increasing Lowering Enhancing Balance Production Costs Sheet Resilience Jubilee Capital Liquidity • First producer well in the • On track to achieve FY25 capex of • Completed $2
Slide 4: 3Q25 Operations
3Q25 Operations 3Q net production of ~65,500 boepd Ghana Mauritania & Senegal Gulf of America Equatorial Guinea 3Q Net Production 3Q Net Production 3Q Net Production 3Q Net Production ~31,300 boepd ~11,400 boepd ~16,600 boepd ~6,200 bopd Jubilee GTA Phase 1 Odd Job & Kodiak Ceiba & Okume • 3Q25 gros
Slide 5: Ghana – Delivering Jubilee's Full Potential
Ghana – Delivering Jubilee’s Full Potential Path to improved near-term and longer-term performance Activity ramping up with well selection supported by modern 4D seismic and improved water injection 100,000 Five additional producer wells 4Q25 – FY26 JSE WI / GTG 80,000 startup J-69 and issues WI iss
Slide 6: GTA Phase 1: Production Rising, Costs Falling
GTA Phase 1: Production Rising, Costs Falling Continued operational progress Production Rising 16 75 • ~7 gross LNG cargos lifted in 3Q25 as guided • 13.5 gross LNG cargos lifted through October 14 • FY25 expected: 18-19 gross LNG cargos 70 • First condensate cargo loaded early 4Q25 12 – ~718,000 ba
Slide 7: Gulf of America
Gulf of America 3Q in line with expectations, advancing attractive hopper of future opportunities Winterfell Gulf of America • Potential remains to develop ~100mmboe gross recoverable resource • Winterfell-4 abandoned due to completion challenges • Focused on restoring production from Winterfell-3 f
Slide 8: 3Q 2025 Financials
3Q 2025 Financials 2Q25A 3Q25A QoQ Drivers Higher production from Net Production ~63,500boe/day ~65,500boe/day Jubilee and GTA Realized Price1 ~$60.6/boe ~$56.0/boe - Absolute opex -39% QoQ Opex2 ~$28.2/boe ~$19.5/boe (improvement across all businesses) TEN lifting costs in 2Q Lower sales volume DD&
Slide 9: Active Balance Sheet Management
Active Balance Sheet Management Additional liquidity, paying down near-term maturities, increased hedging, reducing costs Active Balance Sheet Management Addressing Near-Term Maturities1 Reserve-Based Lending Facility $71 • Completed semi-annual re-determination in September $54 • Borrowing base rem
Slide 10: Building A Sustainable Business
Building A Sustainable Business A business that is sustainable at $55 Brent with ongoing growth through the end of the decade • Production approaching record highs Growing • More expected near-term from GTA, Jubilee drilling and EG reliability Production • Longer-term from GTA Phase 1+ and GoA devel
Slide 11: Appendix: FY25 Detailed Guidance
Appendix: FY25 Detailed Guidance 4Q 2025 FY 2025 Production1,2,3 66,000 – 72,000 boe/day ~65,000 boe/day Opex4 $15.00 - $18.00/boe ~$22.00/boe DD&A $21.00 - $23.00/boe $22.00 - $24.00/boe G&A5 ~$15 million ~$75 million Exploration Expense6 ~$10 million $25 - $45 million Net Interest Expense7 $55 - $
Slide 12: Kosmos Energy
KOSM**S ENERGY.