Kosmos Energy drew nine news stories in the 24 hours to 2 November, against a usual 0.3 a day. Reports indicate the company's third-quarter results missed on both earnings and revenue, and the stock fell in response; coverage also highlighted a reduction in debt. The single most telling point from the company's own filings is that growth has accelerated: revenue over twelve months rose 6.4%, a rate 17.9 percentage points higher than a quarter earlier.

Growth has picked up

Revenue over the twelve months to Q2 2026 was $1.6 billion, up 6.4% on the year before. That growth rate was up 17.9 percentage points on the rate a quarter earlier.

The company posted a net loss of $542.2 million over the same twelve months, a trailing net margin of −34.2%. Revenue is growing, but profit is not following.

Operating cash flow over the twelve months was $289.3 million, down 6.2% on the year before.

The diluted share count rose 8.9% over the year. Each share's claim on any future profit grows more slowly than profit itself, because there are more shares to divide it among.

Where Kosmos Energy's figures sit in its own record

Today's free-cash-flow margin of 18.3% is higher than 72% of the company's own past quarterly readings, which have ranged from −225.4% to 47.4%. The margin sits in the upper part of the company's historical range, though that range spans both deep losses and positive territory.

The twelve-month revenue growth rate of 6.4% is higher than 47% of past readings, which have ranged from −48.5% to 582.2%. Growth is positive but below the midpoint of the company's own history.

What Kosmos Energy's share price implies against our model

In our model, growth five percentage points lower would lower the value by 43.2%, and growth five percentage points higher would raise it by 56.4%. A free-cash-flow margin one percentage point lower would reduce value by 9.5%.

What the filings cannot tell you at Kosmos Energy

Our figures run to Q2 2026, from the company's own filings; they cannot confirm, explain or rule out anything in the reports. The revenue growth figure and the net loss bear directly on the reported revenue and earnings miss, while the rising share count speaks to the dilution that any future profit recovery would have to overcome.