Kosmos Energy Stock Falls 13% on Monday; No Reason for the Move Was Given

Kosmos Energy (NYSE: KOS) shares fell 13.3% on Monday, Nov. 2, 2026, closing at $2.47 from a previous close of $2.85, while the S&P 500 ETF (SPY) slipped 0.48%. Volume ran at about 3.1 times its normal level. The company released third-quarter results and filed two 8-K reports that morning. No reason for the move was given.

Q3 net loss and adjusted profit

For the quarter, Kosmos reported a net loss of $43 million, or $0.07 per diluted share, compared with a net loss of $124.3 million a year earlier. Adjusted net income was $35 million, or $0.06 per diluted share. Revenue was $410 million, and derivatives expense was $133.9 million. Net cash from operations was about $164 million and free cash flow about $90 million.

Debt facility amended

In an 8-K filed the same day, Kosmos disclosed that on Oct. 30, 2026 it amended and restated its reserve-based lending facility. The final maturity was extended to April 1, 2033, principal reduction begins Oct. 1, 2029, and a new minimum liquidity covenant of $200 million applies from March 31, 2027. Total facility size was reduced to $1.2 billion, with an option to add up to $550 million more. The company expects about $20 million in fees and expenses.

Balance sheet and outlook

Kosmos exited the quarter with about $2.47 billion of net debt and about $570 million of liquidity. The company said it expects year-end net debt below $2.4 billion and reaffirmed full-year 2026 capital expenditure guidance of about $350 million. It said it will now look to address its 2028 bond maturities.