Acadia Realty Trust (AKR) Q3 2026 Earnings Call Transcript
Street retail portfolio drives 10.2% same-property NOI growth amid strong leasing demand.
Kosmos Energy released its Q3 2026 earnings report, which fell short of Wall Street's expectations. The company reported earnings per share of $0.06, falling short of the $0.09 analyst estimate. Revenue also missed forecasts, coming in at $409.88 million compared to the expected $426.93 million. This led to a 13.16% drop in shares, bringing them to $2.475 in premarket trading.
The stock is now near the lower end of its 52-week range. The decline was significant, erasing $0.375 per share in value before the market opened. Despite the earnings miss, Kosmos highlighted operational improvements, including higher production, lower costs, and a stronger balance sheet. The company expects full-year 2026 free cash flow of about $300 million and aims to reduce net debt below $2.4 billion by the end of 2026.
Management expects challenges ahead, including planned maintenance and hurricane-related downtime, but remains optimistic about the long-term prospects of its core assets, Jubilee and GTA.
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