KOSKosmos Energy Ltd.
Crude Petroleum & Natural Gas
- Revenue
- $1.3B
- 23% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $1.7B
- Employees
- 216
- $6M revenue each
- Net debt / EBITDA
- —
- $2.5B net debt
- AI in 10-K
- 1.4
- mentions per 10K words
Takeover score 3 of 13
Fixable underperformance 2 of 7
- TSR below peersYes4 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo$8M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo—Cash flow under 80% of net income
- Dilutive SBCNo2% of revenueOver 10% of revenue
- Payouts exceed cash flowYes154% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo—Over 40% of assets
- Shareholder dissentNo97% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo$6M · 84th pctBottom quartile of its SIC industry
- Quiet on AINo1.4 per 10K words · 43rd pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$1.7B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$6M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.3B | $2.3B | $1.7B | $1.7B | $1.3B | 23% |
| Net income | −$78M | $227M | $214M | $190M | −$700M | 469% |
| Operating cash flow | $374M | $1.1B | $765M | $678M | $134M | 80% |
| Capex | $924M | $612M | — | — | — | |
| Stock-based comp | $32M | $35M | $43M | $38M | $28M | 26% |
| Dividends | $512K | $655K | $166K | $0 | $0 |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $7M · 4
- Open-market sells, 12 mo
- $1M · 15
- Net
- $6M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $5M | −$2M | 39 | 163 |
| FY2024 | $9M | −$5M | 61 | 98 |
| FY2023 | $10M | $11M | 120 | 118 |
| FY2022 | $8M | $17M | 114 | 117 |
| FY2021 | $6M | $8M | 62 | 92 |