Kosmos Energy Ltd. Q1 FY2026 earnings call

Discussions on capital expenditure with 27 being capital tight; leverage target of getting to one and a half times in normalized oil price environment, aiming to reduce debt by around 20% this year from three billion to mid twos; Senegal's GTA phase one plus with low capital spend and low OPEX, phased process from 27 to end of decade; derivatives cash losses in Q1 and hedging exposure for 26 and 27

Not explicitly detailed in the transcript regarding specific product segment financial performance and contribution %

Jubilee has no scheduled downtime in 2026; confident in delivering guidance with additional wells added; plan to extend RBL in mid-year, aiming to reduce debt and leverage; liquidity at 500 million and growing

Not prominently discussed in the transcript

Q: Talked about Senegal and GTA, unit economics, volume, price; A: Expansion of GTA, capital spend low, OPEX reducing; Q: Derivative cash losses in Q1 and 2026 exposure; A: Large mark-to-market loss, hedges focused on first half of year; Q: Contact with new BP management; A: Focused on operational side, BP new CEO has Senegal experience; Q: Jubilee guidance, scheduled downtime; A: No scheduled downtime in 2026, confident in delivering guidance with additional wells; Q: Debt profile, RBL extension; A: On track to reduce debt, extend RBL in mid-year, focus on reducing drawn amount of RBL