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Kosmos Energy Ltd . (NYSE:KOS), currently trading at $1.76 and identified as undervalued by InvestingPro analysis, held its 2025 Annual Meeting of Stockholders on Thursday. The meeting took place with 426,743,085 shares represented, accounting for approximately 89.27% of the total 478,009,062 shares eligible to vote. The company, with a market capitalization of $844 million, has seen its stock decline nearly 70% over the past year.
During the meeting, stockholders voted on several key proposals. The first proposal involved the election of three Class III directors, each to serve a three-year term until the 2028 annual meeting. The nominees, Roy A. Franklin, Steven M. Sterin, and J. Mike Stice, were elected with the following results:
- Roy A. Franklin received 333,275,497 votes in favor, 43,360,499 against, and 1,676,554 abstentions.
- Steven M. Sterin garnered 365,440,529 votes in favor, 12,171,268 against, and 700,753 abstentions.
- J. Mike Stice secured 363,094,789 votes in favor, 14,516,430 against, and 701,331 abstentions.
The second proposal was to ratify the appointment of Ernst & Young LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025. This proposal was approved with 414,985,607 votes in favor, 10,888,588 against, and 868,890 abstentions.
The third proposal, a non-binding advisory vote on the compensation of Kosmos Energy’s named executive officers, was also approved. The results were 356,781,411 votes in favor, 20,524,326 against, and 1,006,813 abstentions.
These results were based on a press release statement filed with the Securities and Exchange Commission. Kosmos Energy Ltd. is incorporated in Delaware and operates in the crude petroleum and natural gas industry. The company’s common stock is traded on the New York Stock Exchange and the London Stock Exchange (LON:LSEG). Despite challenging market conditions, the company maintains a gross profit margin of 61%, though analysts expect net income to decline this year. For deeper insights into Kosmos Energy’s financial health and 10+ additional ProTips, visit InvestingPro.
In other recent news, Kosmos Energy’s Q1 2025 earnings report revealed an earnings per share (EPS) of -$0.22, falling short of the anticipated -$0.08. The company also reported revenue of $290.43 million, missing the forecasted $336.36 million. This underperformance comes amid scheduled maintenance activities that affected production levels. Additionally, Kosmos Energy has entered into a memorandum of understanding (MOU) with Tullow to extend their Ghana licenses for the West Cape Three Points and Deepwater Tano fields until 2040. The MOU includes a $2 billion well program in the Jubilee Field and commitments to increase gas supply and reduce gas prices. Benchmark analysts have maintained a Hold rating on Kosmos Energy stock following these developments. The company is also focusing on cash generation and debt reduction, with plans for production growth in 2025-2026. Kosmos Energy’s operational progress includes the first LNG cargo export from the GTA project, marking a significant milestone.
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