Kosmos Energy Limited (KOS) Tuesday reported income before taxes of $141.97 million for the first quarter, marginally higher than 139.63 million in the same quarter a year ago, primarily helped by growth in revenue.
Net income increased to $91.69 million or $0.19 per share from $83.31 million or $0.17 per share last year.
Excluding special items, adjusted income rose to $99.1 million or $0.21 per share from $77.69 million or $0.16 per share a year ago. Revenues for the quarter grew to $419.10 million from $394.24 million in the previous year.
The company had other income of $36 million in the latest quarter, compared with loss of $373 million in the year-ago period.
Net production was nearly 66,700 barrels of oil equivalent (boe) per day, 13% growth year over year.
Looking ahead, the company expects to produce 62,000 - 66,000 boe per day for the second quarter and 71,000 - 77,000 boe per day for the full year.
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