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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.
Revenue by Segment
Revenue by Geographic Location
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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