Kosmos Energy announces fourth quarter and full year 2020 results
22 Feb 2021
Kosmos Energy has announced its financial and operating results for the fourth quarter of 2020. For the quarter, the Company generated a net income of $8 million, or $0.02 per diluted share. When adjusted for certain items that impact the comparability of results, the Company generated an adjusted net loss(1) of $49 million or $0.12 per diluted share for the fourth quarter of 2020.
FOURTH QUARTER 2020 HIGHLIGHTS
Net Production
Revenues - $274 million, or $41.84 per boe
Production expense - $104 million, or $15.85 per boe
General and administrative expenses - $15 million, $9 million cash expense and $6 million non-cash
Capital expenditures: