Talos Energy Earnings Reports

Talos Energy delivered strong operational and financial results in Q2 2025, with Adjusted EBITDA and Adjusted Free Cash Flow surpassing consensus. The company repurchased $33 million in shares and increased its cash position, while achieving key operational milestones including first production from Katmai West #2 and Sunspear wells, and resuming drilling at the Daenerys prospect. The company maintained a solid financial foundation with a low leverage ratio.

Talos Energy achieved record production of approximately 101 MBoe/d in the first quarter of 2025, demonstrating strong operational performance. Despite a net loss reported under GAAP, the company reported positive Adjusted Net Income and strong Adjusted EBITDA and Adjusted Free Cash Flow. Significant cash reserves and an undrawn credit facility provide liquidity, and the company remains on track to be free cash flow positive for the full year 2025, even at lower oil prices.

Talos Energy had a strong fourth quarter in 2024, with production of 98.7 MBoe/d and a net loss of $64.5 million. The company successfully drilled the Katmai West #2 well ahead of schedule and under budget, and paid off its credit facility, reducing leverage to 0.8x.

Talos Energy reported a strong third quarter in 2024, marked by record production of 96.5 MBoe/d, robust Adjusted EBITDA, and solid Adjusted Free Cash Flow, which enabled the company to reduce its debt and achieve a leverage of 0.9x.

Talos Energy reported revenue of $549.2 million and net income of $12.4 million for Q2 2024. The company achieved record production levels following the QuarterNorth acquisition and strategically reduced debt while repurchasing shares.

Talos Energy reported revenue of $429.9 million and a net loss of $112.4 million for the first quarter of 2024. The company's production reached 79.6 MBoe/d, near the high end of guidance. Talos completed the QuarterNorth acquisition and the sale of TLCS, achieving $20 million in run-rate synergies. Debt was reduced by $225 million, resulting in a leverage ratio of 1.0x.

Talos Energy Inc. announced its Q4 2023 operational and financial results, highlighted by production in line with guidance, the acquisition of QuarterNorth Energy, and successful refinancing efforts. The company delivered 67.7 Mboe/d of oil-weighted production and generated Upstream margins of approximately $42 per barrel of oil equivalent.

Talos Energy reported revenue of $383.1 million and a net loss of $2.1 million for Q3 2023, with production impacted by weather-related disruptions.

Talos Energy reported a net income of $13.7 million, or $0.11 per diluted share, and revenue of $367.2 million for the second quarter of 2023. The company drilled a successful commercial discovery at the Sunspear prospect and announced a transaction with Grupo Carso, selling a 49.9% interest in Talos Mexico for approximately $125 million.

Talos Energy reported revenue of $322.6 million and net income of $89.9 million for the first quarter of 2023. The company authorized a $100 million share repurchase program and completed the acquisition of EnVen.

Talos Energy announced its Q4 and full year 2022 results, highlighting a production of 56.6 MBoe/d, net income of $2.8 million, and adjusted EBITDA of $185.2 million. The company paid off its credit facility balance, achieving a leverage of 0.7x and liquidity of $846.5 million at year-end. Additionally, Talos expanded its CCS acreage in Southeast Texas.

Talos Energy reported a net income of $250.5 million and revenue of $377.1 million for the third quarter of 2022. The company repaid $140.0 million in credit facility borrowings and achieved record liquidity of $806.8 million.

Talos Energy reported a strong quarter with rapid debt reduction, record-breaking revenue, and cost control efforts, achieving the lowest leverage multiple and highest liquidity in the company's history.

Talos Energy reported revenue of $413.6 million and a net loss of $66.4 million for Q1 2022. The company's production averaged 63.2 MBoe/d, and it generated $92.0 million in free cash flow before changes in working capital. Talos also increased its RBL borrowing base from $950.0 million to $1,100.0 million.