(RTTNews) – Kosmos Vitality Ltd. (KOS), a deepwater exploration and manufacturing firm, Monday reported a web loss in its fourth quarter, in contrast with a revenue final yr, harm by weak revenues. Additional, the corporate supplied manufacturing steering for the primary quarter and financial yr 2025.
For the fourth quarter, web loss was $6.58 million, in comparison with web revenue of $21.68 million final yr.
Loss per share was $0.01 versus earnings per share of $0.04 final yr.
Adjusted web loss was $15.58 million, in comparison with adjusted revenue of $148.80 million within the earlier yr.
Adjusted loss per share was $0.03 versus adjusted earnings per share of $0.31 final yr.
Analysts, on common, had anticipated the corporate to report a lack of $0.02 per share. Analysts’ estimates sometimes exclude particular objects.
Pre-tax loss was at $33.83 million, in comparison with a pre-tax revenue of $41.38 million the earlier yr.
Income dropped to $397.66 million from $507.81 million within the earlier yr. Analysts anticipated revenues of $393.4 million.
The web manufacturing was roughly 66,800 boepd, beneath the outlook.
Trying forward, for the primary quarter, the corporate anticipates manufacturing to vary between 62,000 to 66,000 boe per day.
Manufacturing for the total yr 2025 is anticipated to vary between 70,000 to 80,000 boe per day.
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