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Jun 30, 2023
Talos Energy Q2 2023 Earnings Report
Talos Energy's financial performance remained solid, driven by the ongoing integration of the EnVen transaction and increased oil and liquids exposure.
Key Takeaways
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.
Drilled a successful commercial discovery at the Talos-operated Sunspear prospect.
Announced a transaction with Grupo Carso, selling a 49.9% interest in Talos Energy Mexico for approximately $125 million.
Filed first EPA Class VI permit for carbon sequestration.
Repurchased 1.5 million shares of common stock for $20.9 million.
Forward Guidance
Talos Energy is focused on scaling up the development of its existing TLCS portfolio and accelerating its growth.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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