Kosmos Energy Ltd. · NYSE:KOS
Kosmos Energy — Q2 2025 Earnings Presentation
13 slides from Kosmos Energy's earnings presentation, Aug 4, 2025
Slide 1: Second Quarter 2025 Results
Second Quarter 2025 Results August 4, 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: Agenda Unchanged: Prioritizing Cash Generation
Agenda Unchanged: Prioritizing Cash Generation Production approaching record highs, costs falling…focused on cash generation and balance sheet resilience Increasing Lowering Enhancing Balance Production Costs Sheet Resilience • GTA • Capital • Liquidity – FLNG Gimi “Commercial – Expect FY25 capex ~$
Slide 4: 2Q Operational Progress
2Q Operational Progress 2Q net production of ~63,500 boepd Mauritania & Senegal Ghana Gulf of America Equatorial Guinea 2Q Net Production 2Q Net Production 2Q Net Production 2Q Net Production ~7,100boepd ~29,100boepd ~19,600boepd ~7,700boepd GTA Phase 1 Jubilee Odd Job & Kodiak Ceiba & Okume • 2Q gr
Slide 5: GTA Phase 1
GTA Phase 1 Production rising, targeting near term opex reductions Ramping up production Cost reduction ongoing Future in Focus • Fully operational with 6.5 gross LNG • Startup and commissioning operating costs • GTA Phase 1+: Low-cost, brownfield cargos successfully lifted year-to-date reducing in
Slide 6: Ghana – Delivering Jubilee's Full Potential…
Ghana – Delivering Jubilee’s Full Potential… …through high facility uptime, sustained water injection, consistent drilling and application of latest technologies 1H24 1H25 2026+ End of 3-year drilling campaign Successful FPSO shut down / New 4D seismic Resumption of regular drilling activity shot /
Slide 7: Ghana – Delivering Jubilee's Full Potential…
Ghana – Delivering Jubilee’s Full Potential… …consistent drilling informed by latest technologies New data and new technology expected to drive higher recovery 2017 Narrow Azimuth • 4D NAZ seismic shot 1Q25: New data with modern processing techniques to identify undrilled lobes and unswept oil – Gre
Slide 8: Gulf of America
Gulf of America Operations on track…progressing discovered resource into projects Winterfell (Miocene) Gulf of America • Winterfell-4 successfully drilled and completion ongoing – Expected online end-3Q25 – Expected to add ~1,000 boepd net rate Advancing Value Accretive Developments • Tiberius (~100
Slide 9: 2Q 2025 Financials
2Q 2025 Financials 1Q25A 2Q25A QoQ Drivers Higher GoA production / GTA ramp Net Production ~60,500boe/day ~63,500boe/day up offsetting lower Jubilee and EG production Realized Price1 ~$64.9/boe ~$60.6/boe Lower commodity prices 2025 TEN lifting costs Opex2 ~$25.0/boe ~$28.2/boe all recognized in 2Q2
Slide 10: Enhancing Balance Sheet Resilience
Enhancing Balance Sheet Resilience Raised additional liquidity, increased hedging, reduced capital, proactively addressed leverage covenant Active Balance Sheet Management Addressing Near-Term Maturities1 Increased Liquidity $71 • Indicative terms agreed for GoA term loan up to $250 $54 million to r
Slide 11: Creating Long-Term Value…
Creating Long-Term Value… …through progressing high-quality production and development opportunities across the portfolio Phase 1 online with costs reducing Mauritania & Phase 1+ expected to double gas production through low-cost Senegal brownfield expansion, leveraging existing infrastructure ~400
Slide 12: Kosmos Energy
KOSM**S ENERGY.
Slide 13: Appendix: FY25 Detailed Guidance
Appendix: FY25 Detailed Guidance 3Q 2025 FY 2025 Production1,2,3 65,000 – 71,000 boe/day 65,000 – 70,000 boe/day Opex4 $18.50 - $20.50/boe $22.00 - $24.00/boe DD&A $22.00 - $24.00/boe $22.00 - $24.00/boe G&A5 ~$20 million $80 - $100 million Exploration Expense6 ~$10 million $25 - $45 million Net Int