KOS — -13% premarket as Q3 EPS and revenue both miss by double digits

Kosmos missed on both lines in Q3: adjusted EPS of $0.06 vs the $0.13 consensus and revenue of $410M vs about $466M expected, with a $43M net loss. Production rose 6% to roughly 69,200 barrels a day and costs fell about 31%, but Q4 production guidance of 60,000-64,000 barrels a day sits below Q3 levels.