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Kosmos Energy (KOS) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 3, 2026
Kosmos Energy (KOS) reported revenue of $607M for the second quarter 2026 (Q2 2026), +55% from a year earlier and +64% from the quarter before. Operating margin was 44.9%, net earnings $185M (30.4% of revenue).
Kosmos Energy, Q2 2026: revenue $607M (+55% year over year), operating margin 44.9%, net earnings $185M, operating cash flow $175M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $607M | +64% | +55% |
| Operating profit | $273M | — | — |
| Net earnings | $185M | — | — |
| Operating cash flow | $175M | +64% | +38% |
| Free cash flow | $88.9M | — | — |
What changed
Revenue was $607.3M in Q2 2026, up 55% year over year and up 64% from the previous quarter.
Operating profit was $272.7M, a 44.9% margin (up 61.4 points year over year). Total costs fell 27% while revenue rose 55%. Net earnings were $184.8M. The effective tax rate was 34.6%.
Operating cash flow was $175.0M (up 38% year over year), 95% of net earnings. Non-cash charges added back $123.2M of depreciation and amortization and $8.1M of share-based compensation. Working capital and other items used $141.1M. After net cash used for oil and gas assets ($76.4M) and payments on finance lease ($9.7M), free cash flow as the company reports it was $88.9M.
Questions
What was Kosmos Energy's revenue in the second quarter 2026?
Kosmos Energy (KOS) reported revenue of $607M for the second quarter 2026 (Q2 2026), +55% from a year earlier and +64% from the quarter before.
Was Kosmos Energy profitable in the second quarter 2026?
Operating profit was $273M (44.9% of revenue) and net earnings $185M.
Source: Kosmos Energy 10-Q on SEC EDGAR.