Estados financieros detallados de Kosmos Energy Ltd. (KOS): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Kosmos Energy Ltd. registró ingresos de $1.30B en el último ejercicio fiscal, con un CAGR de 5 años del 10.0%.
Márgenes de los últimos 12 meses: margen bruto 36.1%, margen operativo 19.7%, margen neto -33.1%.
Al precio actual de $2.87, KOS presenta beneficios negativos (P/E no significativo) y un ROE del -81.93%. La capitalización bursátil es de $1.4B.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $310.4M | $578.1M | $886.7M | $1.50B | $804.0M | $1.33B | $2.25B | $1.70B | $1.68B | $1.30B |
| Coste de Ventas | $259.8M | $382.1M | $554.6M | $378.4M | $824.3M | $813.2M | $907.6M | $835.0M | $987.3M | $1.49B |
| Beneficio Bruto | $50.6M | $196.1M | $332.1M | $1.12B | -$20.3M | $518.8M | $1.34B | $866.6M | $688.1M | -$191.4M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $102.6M | $68.3M | $106.8M | $291.0M | $85.3M | $91.5M | $100.9M | $99.5M | $100.2M | $76.1M |
| Gastos Operativos | $304.9M | $284.4M | $408.3M | $291.0M | -$20.3M | $163.3M | $231.8M | $147.8M | $216.9M | $79.5M |
| Beneficio Operativo | -$254.3M | -$87.4M | -$76.2M | $830.1M | 0 | $355.5M | $1.11B | $718.7M | $471.2M | -$270.9M |
| EBITDA | -$109.1M | $159.4M | $300.6M | $741.7M | $180.7M | $546.2M | $968.8M | $930.5M | $894.4M | $19.4M |
| Gastos por Intereses | $45.0M | $75.8M | $101.2M | $128.6M | $106.6M | $111.8M | $123.1M | $103.9M | $79.1M | $60.1M |
| Beneficio Antes de Impuestos | -$294.6M | -$177.9M | -$50.9M | $25.1M | -$416.8M | -$43.4M | $337.1M | $371.7M | $349.8M | -$634.6M |
| Impuestos | -$10.8M | $44.9M | $43.1M | $80.9M | -$5.2M | $34.5M | $110.5M | $158.2M | $160.0M | $65.2M |
| Beneficio Neto | -$283.8M | -$222.8M | -$94.0M | -$55.8M | -$411.6M | -$77.8M | $226.6M | $213.5M | $189.9M | -$699.8M |
| BPA | $-0.74 | $-0.57 | $-0.23 | $-0.14 | $-1.02 | $-0.19 | $0.50 | $0.46 | $0.40 | $-1.47 |
| BPA Diluido | $-0.74 | $-0.57 | $-0.23 | $-0.14 | $-1.02 | $-0.19 | $0.48 | $0.44 | $0.40 | $-1.47 |
| Acciones en Circulación (Diluidas) | $385.4M | $388.4M | $404.6M | $401.4M | $405.2M | $416.9M | $474.9M | $481.1M | $476.7M | $478.3M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $311.2M | $297.4M | $421.7M | $607.3M |
| Beneficio Bruto | $163.5M | -$151.6M | $151.5M | $427.8M |
| Beneficio Operativo | $95.7M | -$169.5M | $123.8M | $272.7M |
| EBITDA | $84.6M | -$160.1M | -$54.2M | $336.2M |
| Beneficio Neto | -$124.3M | -$377.1M | -$225.6M | $184.8M |
| BPA | $-0.26 | $-0.79 | $-0.45 | $0.31 |
| BPA Diluido | $-0.26 | $-0.79 | $-0.45 | $0.31 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $194.1M | $233.4M | $173.5M | $224.5M | $149.0M | $131.6M | $183.4M | $95.3M | $85.0M | $91.5M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $143.3M | $161.0M | $140.0M | $174.3M | $78.8M | $177.5M | $119.7M | $120.7M | $165.0M | $103.5M |
| Inventario | $74.4M | $71.9M | $84.8M | $114.4M | $129.0M | $165.2M | $133.5M | $152.1M | $170.9M | $172.6M |
| Activos Corrientes | $475.2M | $533.6M | $509.7M | $566.6M | $400.3M | $542.0M | $468.7M | $422.7M | $446.1M | $427.9M |
| Inmovilizado Material | $2.71B | $2.32B | $3.46B | $3.64B | $3.32B | $4.18B | $3.84B | $4.16B | $4.44B | $3.73B |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Totales | $3.34B | $3.19B | $4.09B | $4.32B | $3.87B | $4.94B | $4.58B | $4.94B | $5.31B | $4.70B |
| Cuentas por Pagar | $220.6M | $141.8M | $176.5M | $149.5M | $221.4M | $184.4M | $212.3M | $248.9M | $350.0M | $202.6M |
| Deuda a Corto | $529000 | 0 | 0 | 0 | 0 | $30.0M | $30.0M | 0 | 0 | $132.1M |
| Pasivos Corrientes | $370.0M | $428.7M | $384.3M | $539.1M | $460.2M | $531.0M | $574.3M | $554.8M | $594.9M | $572.3M |
| Deuda a Largo | $1.32B | $1.28B | $2.12B | $2.01B | $2.10B | $2.59B | $2.20B | $2.39B | $2.74B | $2.92B |
| Pasivos Totales | $2.26B | $2.30B | $3.15B | $3.48B | $3.43B | $4.41B | $3.79B | $3.91B | $4.11B | $4.17B |
| Reservas | -$850.4M | -$1.07B | -$1.17B | -$1.22B | -$1.63B | -$1.71B | -$1.49B | -$1.27B | -$1.08B | -$1.78B |
| Patrimonio Neto | $1.08B | $897.1M | $941.5M | $841.7M | $440.2M | $529.2M | $787.8M | $1.03B | $1.20B | $528.6M |
| Deuda Total | $1.32B | $1.28B | $2.12B | $2.01B | $2.10B | $2.62B | $2.23B | $2.39B | $2.76B | $3.06B |
| Deuda Neta | $1.13B | $1.05B | $1.95B | $1.78B | $1.95B | $2.49B | $2.04B | $2.30B | $2.68B | $2.97B |
| Capital Circulante | $105.2M | $104.9M | $125.4M | $27.5M | -$59.9M | $11.0M | -$105.5M | -$132.1M | -$148.8M | -$144.4M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $64.0M | $91.5M | $130.0M | $125.6M |
| Activos Totales | $5.09B | $4.70B | $4.78B | $4.31B |
| Pasivos Totales | $4.19B | $4.17B | $4.27B | $3.61B |
| Patrimonio Neto | $898.8M | $528.6M | $515.1M | $704.9M |
| Deuda Total | $2.99B | $3.06B | $2.99B | $2.76B |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$283.8M | -$222.8M | -$94.0M | -$55.8M | -$411.6M | -$77.8M | $226.6M | $213.5M | $189.9M | -$699.8M |
| Amortizaciones | $150.6M | $265.4M | $339.2M | $573.1M | $495.2M | $477.8M | $508.7M | $454.8M | $465.5M | $564.7M |
| Compensación en Acciones | $40.1M | $39.9M | $35.2M | $32.4M | $32.7M | $31.7M | $34.5M | $42.7M | $38.0M | $28.0M |
| Cambio en Capital Circulante | -$86.2M | -$8.5M | $16.1M | $105.6M | -$65.2M | -$67.4M | $150.7M | -$66.0M | -$43.9M | -$69.4M |
| Flujo de Caja Operativo | $52.1M | $236.6M | $260.5M | $628.1M | $196.1M | $374.3M | $1.13B | $765.2M | $678.2M | $134.0M |
| Inversiones (CapEx) | -$538.0M | -$143.4M | -$1.18B | -$352.0M | -$379.6M | -$938.0M | -$809.4M | -$932.6M | -$933.7M | -$314.4M |
| Adquisiciones | $210000 | -$231.3M | -$961.8M | 0 | 0 | $6.4M | $168.7M | 0 | 0 | 0 |
| Recompra de Acciones | -$2.0M | -$2.2M | -$206.1M | -$2.0M | -$4.9M | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | -$72.6M | -$19.3M | -$512000 | -$655000 | -$166000 | 0 | 0 |
| Flujo de Caja Libre | -$485.9M | $93.3M | -$923.0M | $276.1M | -$183.4M | -$563.7M | $321.1M | -$167.4M | -$255.4M | -$180.4M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$27.6M | $35.3M | $106.6M | $175.0M |
| Inversiones (CapEx) | -$71.4M | -$70.3M | -$87.0M | -$76.4M |
| Flujo de Caja Libre | -$98.9M | -$35.0M | $19.5M | $98.6M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $5.3M | $6.9M | $6.0M | $8.1M |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +86.3% | +53.4% | +69.1% | -46.4% | +65.7% | +68.6% | -24.2% | -1.5% | -22.5% |
| Crecimiento Beneficio Neto (anual) | | +21.5% | +57.8% | +40.7% | -637.9% | +81.1% | +391.1% | -5.8% | -11.1% | -468.6% |
| Crecimiento BPA (anual) | | +23.0% | +59.6% | +39.1% | -628.6% | +81.4% | +363.2% | -8.0% | -13.0% | -467.5% |
| Cambio en Acciones (anual) | | +0.8% | +4.2% | -0.8% | +1.0% | +2.9% | +13.9% | +1.3% | -0.9% | +0.3% |
| Crecimiento FCF (anual) | | +119.2% | -1089.7% | +129.9% | -166.4% | -207.3% | +157.0% | -152.1% | -52.5% | +29.4% |
| Margen Bruto | 16.3% | 33.9% | 37.5% | 74.8% | -2.5% | 38.9% | 59.6% | 50.9% | 41.1% | -14.8% |
| Margen Operativo | -81.9% | -15.1% | -8.6% | 55.4% | 0.0% | 26.7% | 49.3% | 42.2% | 28.1% | -20.9% |
| Margen EBITDA | -35.2% | 27.6% | 33.9% | 49.5% | 22.5% | 41.0% | 43.1% | 54.7% | 53.4% | 1.5% |
| Margen Neto | -91.4% | -38.5% | -10.6% | -3.7% | -51.2% | -5.8% | 10.1% | 12.5% | 11.3% | -53.9% |
| Margen FCF | -156.6% | 16.1% | -104.1% | 18.4% | -22.8% | -42.3% | 14.3% | -9.8% | -15.2% | -13.9% |
| Tasa Impositiva Efectiva | 3.7% | -25.3% | -84.8% | 322.1% | 1.2% | -79.4% | 32.8% | 42.6% | 45.7% | -10.3% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-1.26 | $0.24 | $-2.28 | $0.69 | $-0.45 | $-1.35 | $0.68 | $-0.35 | $-0.54 | $-0.38 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.18 | $0.05 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $383.5M | $388.4M | $404.6M | $401.4M | $405.2M | $416.9M | $455.3M | $459.6M | $470.8M | $478.3M |
Qué mirar en empresas de Energy
- FCF yield (>8%) — Caja generada / capitalización. En energía el FCF importa más que el EPS.
- ROIC medio 5a (≥10%) — Incluir años buenos y malos para filtrar las realmente disciplinadas.
- FCF positivo en 8 de los últimos 10 años (≥8/10) — Nombres disciplinados (XOM, CVX, EOG) sobreviven los crashes de 2014-16 y 2020.
- Cobertura del dividendo (FCF / div) (≥1,2x) — Dividendo cubierto por FCF, no por deuda. <1x = recorte probable.
- Deuda Neta / EBITDA (<2x en pico) — Mirarlo con EBITDA en valle, no en pico.
- Capex / Ingresos (10-20% saludable) — Energía necesita reinversión agresiva para mantener reservas.
Rentabilidad
| Rentabilidad sobre capital | -81.93% |
| Rentabilidad sobre capital invertido | 8.34% |
| Rentabilidad sobre activos | -12.58% |
| Margen bruto | 36.10% |
| Margen operativo | 19.70% |
| Margen neto | -33.11% |
Salud financiera
| Deuda / Patrimonio | 3.91 |
| Ratio corriente | 0.59 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -9.47 | -12.02 | -17.70 | -40.71 | -2.30 | -18.21 | 12.72 | 14.59 | 8.55 | -0.62 |
| P/VC | 2.49 | 2.97 | 1.75 | 2.72 | 2.16 | 2.73 | 3.68 | 2.99 | 1.34 | 0.82 |
| P/V | 8.66 | 4.60 | 1.86 | 1.53 | 1.18 | 1.08 | 1.29 | 1.81 | 0.96 | 0.33 |
| Margen Bruto | 16.3% | 33.9% | 37.5% | 74.8% | -2.5% | 38.9% | 59.6% | 50.9% | 41.1% | -14.8% |
| Margen Operativo | -81.9% | -15.1% | -8.6% | 55.4% | 0.0% | 26.7% | 49.3% | 42.2% | 28.1% | -20.9% |
| Margen Neto | -91.4% | -38.5% | -10.6% | -3.7% | -51.2% | -5.8% | 10.1% | 12.5% | 11.3% | -53.9% |