Kosmos Energy Ltd. · NYSE:KOS
Kosmos Energy — Q2 2026 Earnings Presentation
11 slides from Kosmos Energy's earnings presentation, Aug 3, 2026
Slide 1: Second Quarter 2026 Results
Second Quarter 2026 Results August 3, 2026 NYSE/LSE: KOS 1
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: Delivering The Full Value of Kosmos
Delivering The Full Value of Kosmos 2026 goals on track Growing Delivering Meaningful Advancing Production Further Cost Reduction In Quality Growth From Core Reductions Net Debt Portfolio Assets With Minimal 2026 Capex 3
Slide 4: Ghana: Realizing Jubilee Potential
Ghana: Realizing Jubilee Potential 2Q26 Jubilee gross production of ~72,000 bopd – expected >90,000 bopd with J50 online Material Production Ramp Up With New Producer Wells Online 100,000 J77 ✓ Water J76 ✓ injector WI / GTG issues J50 80,000 JSE J-69 and startup WI issues 60,000 J75 ✓ 4D J72 ✓ J74 ✓
Slide 5: Mauritania & Senegal: Strong Production and Advancing Phase 1+
Mauritania & Senegal: Strong Production and Advancing Phase 1+ 2Q26 GTA gross production of ~2.65 mtpa – YTD in line with expectations Senegal Onshore Pipeline Progress Strong Production Performance Phase 1+ 2Q26 • Phase 1+ expected to materially reduce unit opex • Gross production of ~2.65 mtpa equ
Slide 6: Gulf of America: Advancing Quality Growth Options
Gulf of America: Advancing Quality Growth Options Successful farm down of Tiberius. Continuing to advance attractive hopper of opportunities Production Gulf of America • 2Q26 Production of ~14,300 boepd in line with expectations – Winterfell-5 temporarily abandoned due to drilling issues Outboard Wi
Slide 7: 2Q 2026 Financials
2Q 2026 Financials In line with guidance 2Q25A 2Q26A YoY Drivers Net Production ~63,500boe/day ~71,400boe/day New Jubilee wells and GTA ramp up Realized Price1 ~$58.93/boe ~$86.68/boe Reduced routine operating costs Opex ~$36.5/boe ~$25.6/boe across all business units DD&A ~$22.7/boe ~$17.2/boe G&A2
Slide 8: Significant Debt Paydown in 1H26
Significant Debt Paydown in 1H26 Debt and leverage reduced, liquidity increased Active Balance Sheet Management Addressing Near-Term Maturities – June 30, 2026 ($m) 1H26 • Successful GTA bond deal largely addressed 2027 bond maturity • Approximately $420 million of debt repaid in 1H26 from free cash
Slide 9: Delivering The Full Value of Kosmos
Delivering The Full Value of Kosmos Significant progress in 1H26….on track to deliver FY26 targets Delivered Delivered Delivered Advancing ~18% ~24% ~15% Quality Growth Portfolio with Production Reduction in Net Debt1 Tiberius and Growth Operating Costs Reduction 1H26 vs 1H25 1H26 vs 1H25 from YE25
Slide 10: Appendix: FY26 Detailed Guidance
Appendix: FY26 Detailed Guidance Adjusted for Equatorial Guinea sale in June 2026 3Q 2026 FY 2026 Production1,2,3 68,000 – 72,000 boe/day 69,000 – 74,000 boe/day Opex $18.00 - $20.00/boe $19.00 - $21.00/boe DD&A $15.50 - $17.50/boe $16.00 - $18.00/boe G&A4 ~$15-20 million ~$75 million Exploration Ex
Slide 11: Kosmos Energy
KOSM**S ENERGY.