Kosmos Targets Around $2 Billion in Net Debt by Year-End 2027

Kosmos Energy is targeting net debt of around $2 billion by year-end 2027 at strip prices, a goal Chairman and CEO Andrew G. Inglis outlined on the company’s Nov. 2 earnings call. The target extends beyond Kosmos’ nearer-term outlook. The company expects net debt below $2.4 billion at year-end 2026, with leverage trending toward 2.0x. Inglis disclosed the longer-range target after Kosmos released its third-quarter results, which TokenPost covered in an earlier story . Kosmos’ net debt was $2.473 billion at Sept. 30.

Source: TokenPost