Kosmos Energy Expects 2024 Production Of 71,000 - 77,000 boe Per Day, And Capital Expenditure Of $700M-$750M; Sees Q1 Production Of 65,000 - 68,000 boe Per Day
Portfolio Pulse from Benzinga Newsdesk
Kosmos Energy forecasts a 2024 production range of 71,000 to 77,000 barrels of oil equivalent (boe) per day, with capital expenditures projected between $700M and $750M. The company also anticipates Q1 production to be between 65,000 and 68,000 boe per day. Operational expenses, depreciation, depletion & amortization (DD&A), general & administrative expenses (G&A), exploration expenses, net interest expense, and taxes are detailed for both Q1 and the full year.
February 26, 2024 | 7:08 am
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Kosmos Energy projects an increase in production and capital expenditure for 2024, indicating potential growth and increased operational activities.
The projected increase in production and capital expenditure for 2024 suggests Kosmos Energy is expecting growth and is willing to invest in its operations. This could be seen as a positive signal by investors, potentially leading to a short-term increase in stock price due to optimism about the company's future performance and growth prospects.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100