Kosmos Energy (KOS) Tops Q1 EPS by 2c

Kosmos Energy (NYSE: KOS) reported Q1 EPS of ($0.11), $0.02 better than the analyst estimate of ($0.13). Revenue for the quarter came in at $152 million versus the consensus estimate of $141.84 million.

“Kosmos is off to a strong start executing on our plan in 2017,” said Andrew G. Inglis, chairman and chief executive officer. “The strong cash flow generation of the business in combination with the closing of our Mauritania and Senegal transactions with BP, has allowed Kosmos to improve its financial strength. In addition, our continued exploration success with the Yakaar-1 well in Senegal, supports our belief that the basin is one of the largest petroleum systems to be opened along the Atlantic Margin.”

For earnings history and earnings-related data on Kosmos Energy (KOS) click here.

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