Kosmos Cuts Debt $500 Million, Output Rises 6%

Kosmos Energy reported third-quarter 2026 revenue of about $410 million and adjusted earnings of 6 cents per share, both below analyst expectations. Production averaged roughly 69,200 barrels of oil equivalent per day, up 6% year over year and 17% excluding Equatorial Guinea. The company generated about $90 million in free cash flow and reduced net debt by more than $500 million, ending the quarter with approximately $2.47 billion in net debt. Kosmos also extended its $1.2 billion reserve-based lending facility to 2033, with scheduled repayments on the amount drawn beginning in 2031. It reaffirmed its 2026 capital-spending outlook of about $350 million and expects fourth-quarter production of 60,000 to 64,000 barrels of oil equivalent per day.