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Sep 30, 2023
Talos Energy Q3 2023 Earnings Report
Announced operational and financial results for the third quarter of 2023.
Key Takeaways
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.
Production averaged 63.7 MBoe/d, impacted by loop currents.
Revenue reached $383.1 million, driven by realized prices of $80.75 per barrel for oil.
Net loss was $2.1 million, or $0.02 per diluted share, while adjusted net income was $18.6 million, or $0.15 per diluted share.
Capital expenditures totaled $194.6 million, including plugging and abandonment and CCS investments.
Forward Guidance
Talos Energy expects average daily production of 66.5 - 68.5 MBoe/d for the fourth quarter of 2023. The company projects its full-year average daily production towards the low end of the 66.0 - 71.0 MBoe/d range.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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