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Dec 31, 2024
Talos Energy Q4 2024 Earnings Report
Talos Energy reported its operational and financial results for the fourth quarter of 2024.
Key Takeaways
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.
Production reached 98.7 MBoe/d, with 70% oil and 79% liquids.
Adjusted EBITDA was $361.8 million.
The company achieved an Adjusted Free Cash Flow of $164.0 million.
Talos paid off its credit facility balance, bringing leverage to 0.8x.
Talos Energy
Talos Energy
Talos Energy Revenue by Segment
Talos Energy Revenue by Geographic Location
Revenue by Segment
Oil Revenue
CapyFin.comNatural Gas Revenue
CapyFin.comNGL Revenue
CapyFin.comRevenue by Geographic Location
Deepwater Revenue
CapyFin.comShelf and Gulf Coast Revenue
CapyFin.com Forward Guidance
Talos Energy expects full-year 2025 production to range from 90.0 to 95.0 MBoe/d, with a focus on free cash flow generation and advancing key drilling projects.
Positive Outlook
- First quarter 2025 production is estimated between 99.0 to 101.0 MBoe/d, with 68% oil volumes.
- Full year 2025 production is expected to be 90.0 to 95.0 MBoe/d, consisting of 69% oil and 79% liquids.
- The company aims to prioritize free cash flow generation.
- Key drilling projects are expected to drive future shareholder value creation.
- Paul Goodfellow will join as President and CEO, bringing extensive deepwater expertise.
Challenges Ahead
- Planned downtime for facility and downstream maintenance activities, including Katmai, Pompano, and Brutus.
- Third-party pipeline maintenance is anticipated.
- Potential expected but unplanned downtime due to unforeseen risks.
- Weather-related disruptions could impact production.
- The guidance considers facility rate constraints for new discoveries like Monument.
Revenue & Expenses
Visualization of income flow from segment revenue to net income