Filing Flows › Kosmos Energy (KOS) › Q1 2026
Kosmos Energy (KOS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Kosmos Energy (KOS) reported revenue of $371M for the first quarter 2026 (Q1 2026), +28% from a year earlier and +26% from the quarter before. Operating margin was -65.1%, net loss $226M (60.8% of revenue).
Kosmos Energy, Q1 2026: revenue $371M (+28% year over year), operating margin -65.1%, net loss $226M, operating cash flow $107M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $371M | +26% | +28% |
| Operating profit | −$241M | — | — |
| Net earnings | −$226M | — | — |
| Operating cash flow | $107M | +202% | — |
| Free cash flow | $14.2M | — | — |
What changed
Revenue was $370.7M in Q1 2026, up 28% year over year and up 26% from the previous quarter.
Operating costs exceeded revenue by $241.3M, an operating margin of -65.1%. Total costs grew 59% against revenue growth of 28%. The fastest-growing cost line was Other operating costs (+63%). The quarter ended with a net loss of $225.6M, narrower than the previous quarter's $377.1M loss.
Operating cash flow was $106.6M. Non-cash charges added back $122.5M of depreciation and amortization and $6.0M of share-based compensation. Working capital and other items added $203.7M. After net cash used for oil and gas assets ($87.0M) and payments on finance lease ($5.3M), free cash flow as the company reports it was $14.2M.
Questions
What was Kosmos Energy's revenue in the first quarter 2026?
Kosmos Energy (KOS) reported revenue of $371M for the first quarter 2026 (Q1 2026), +28% from a year earlier and +26% from the quarter before.
Was Kosmos Energy profitable in the first quarter 2026?
Operating loss was $241M (-65.1% of revenue) and net loss $226M.
Source: Kosmos Energy 10-Q on SEC EDGAR.