|
|
|
|
||
Kosmos Energy posts Q1 adjusted net loss despite higher revenues from SNL Energy Finance Daily Kosmos Energy posts Q1 adjusted net loss despite higher revenues BYLINE: Juzel Danganan Kosmos Energy Ltd. disclosed May 6 an adjusted net loss of $23.0 million, or a loss of 6 cents per share, for the first quarter, a slight improvement from an adjusted net loss of $23.2 million, or a loss of 6 cents per share, a year ago. On a GAAP basis, the net loss totaled $52.9 million, down from a net loss of $50.2 million a year earlier. Revenues and other income reached $296.8 million from $127.2 million a year ago, almost all of which was composed of oil and gas revenue for both years. Total net production volumes averaged around 59,500 barrels of oil equivalent per day, led by production in Ghana at about 28,620 barrels of oil per day. Kosmos sold a total net volume of 5.1 million boe during the quarter, topping 3.8 million boe a year earlier. For the year, the Texas-based company expects production of 69,000 boe/d to 73,000 boe/d. |
return to message board, top of board |