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Kosmos Energy (KOS) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 2, 2026 · Kosmos Energy (KOS) Q3 2026 earnings results →
Q3 2026 Revenue up 32% year over year to $410M · 10¢ of every $1 of revenue lost · operating margin -6.6%
Kosmos Energy made $410M in Q3 2026 (+32% Y/Y). Operating margin -6.6%, net loss $43.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 2, 2026.
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What changed this quarter
Revenue was $410.1M in Q3 2026, up 32% year over year and down 32% from the previous quarter.
Operating costs exceeded revenue by $27.1M, an operating margin of -6.6%. Total costs grew 5% against revenue growth of 32%. The fastest-growing cost line was General & admin (+45%). The quarter ended with a net loss of $43.0M, after a profit of $184.8M the previous quarter.
Operating cash flow was $164.0M. Non-cash charges added back $114.9M of depreciation and amortization and $4.3M of share-based compensation. Working capital and other items added $87.7M. After net cash used for oil and gas assets ($64.5M) and payments on finance lease ($9.3M), free cash flow as the company reports it was $90.1M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 2, 2026 | $410M | +32% | -6.6% | −$43.0M | $164M |
| Q2 2026 | 10-Q | Aug 3, 2026 | $607M | +55% | 44.9% | $185M | $175M |
| Q1 2026 | 10-Q | May 5, 2026 | $371M | +28% | -65.1% | −$226M | $107M |
| Q4 2025 | 10-K | Mar 2, 2026 | $295M | -26% | -126.3% | −$377M | $35.3M |
| Q3 2025 | 10-Q | Nov 4, 2025 | $311M | -24% | -34.3% | −$124M | −$27.6M |
| Q2 2025 | 10-Q | Aug 4, 2025 | $393M | -13% | -16.5% | −$87.7M | $127M |
| Q1 2025 | 10-Q | May 6, 2025 | $290M | -31% | -32.5% | −$111M | −$888K |
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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📈Investments: gains and what it boughtinteractive
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About Kosmos Energy
Kosmos Energy is a leading deepwater exploration and production company focused on meeting the world’s growing demand for energy. We have diversified oil and gas production from assets offshore Ghana, Equatorial Guinea, Mauritania, Senegal, and the Gulf of America. Additionally, in the proven basins where we operate we are advancing high-quality development opportunities, which have come from our exploration success. Kosmos is listed on the NYSE and LSE and is traded under the ticker symbol KOS. Kosmos was founded in 2003 to find oil and gas in under‑explored or overlooked parts of West Africa. We have a history of opening new hydrocarbon basins including the discovery of the Jubilee Field offshore Ghana in 2007 and the Greater Tortue Ahmeyim Field in 2015 (which includes the Ahmeyim and Guembeul discoveries offshore Mauritania and Senegal in 2015 and 2016, respectively).
In its own words, from its 10-K, filed Mar 2, 2026.
Kosmos Energy against its Crude Petroleum & Natural Gas peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +32% against the peers' median +46%. Operating margin: -6.6% against the peers' median 19.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| KOS Kosmos Energy | Q3 2026 | $410M | +32% | -6.6% |
| EOG EOG Resources | Q3 2026 | $8.5B | +46% | 41.9% |
| OXY Occidental Petroleum | Q2 2026 | $8.1B | +53% | 48.5% |
| DVN Devon Energy | Q3 2026 | $6.9B | +58% | 18.3% |
| FANG Diamondback Energy | Q3 2026 | $5.4B | +38% | 46.0% |
| EXE Expand Energy | Q3 2026 | $3.3B | +11% | 19.5% |
| PARR PAR Pacific Holdings | Q3 2026 | $3.1B | +52% | 15.5% |
| OVV Ovintiv | Q3 2026 | $2.6B | +26% | 33.7% |
| SM SM Energy | Q3 2026 | $2.2B | +167% | 10.9% |
Source: Kosmos Energy 10-Q on SEC EDGAR · CIK 1509991 · Crude Petroleum & Natural Gas
Guidance and outlook
13F: who owns KOS and who is buying
More on KOS
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results