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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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.