TALOS ENERGY (TALO) Company Report

Talos Energy reported Q3 2025 production of over 95,000 barrels of oil equivalent per day, exceeding the high end of its guidance range, and generated $103 million in free cash flow for the quarter, significantly exceeding consensus estimates.
The company repurchased 5 million shares for $48 million in Q3 2025, contributing to over $100 million in year-to-date shareholder returns and a 6% reduction in outstanding share count.
Talos achieved over $40 million in cost savings from its Optimal Performance Plan, surpassing its year-end 2025 target, and lowered operating expenses to $15.27 a barrel in Q3 2025.
The company expects full-year 2025 oil and oil equivalent production to be approximately 3% higher than prior guidance and reduced full-year operating expense and capital guidance by 2%.
A successful exploration discovery at Daenerys confirmed oil pay, with an appraisal well planned for Q2 2026.

Nov 6, 2025, 3:00 PM

Talos Energy Inc. Announces Strong Q3 2025 Results and Improved Full-Year Guidance

TALO

Earnings

Guidance Update

Share Buyback

Talos Energy Inc. reported strong Q3 2025 financial results, including ~$301 MM in Adjusted EBITDA and ~$103 MM in Adjusted Free Cash Flow, with an average daily production of 95.2 MBOE/D. The company also improved its full-year 2025 guidance, raising average daily production to 94.0-97.0 MBOE/D and lowering cash operating expenses and upstream capital expenditures.
The company demonstrated a commitment to shareholder returns by returning ~$48 MM in Q3 2025 through the repurchase of ~5.0 MM shares at an average price of $9.66 per share.
Talos maintained a strong balance sheet with a 0.7x leverage ratio, ~$1.0 BN in liquidity, and $333 MM cash on hand as of September 30, 2025, with $0 drawn on its credit facility.
The company exceeded its FY 2025 target for cash flow enhancements, realizing ~$40 MM and demonstrating momentum towards its $100 MM target by 2026.

Nov 6, 2025, 3:00 PM

Seadrill Reports Q3 Results, Secures New Contracts

TALO

Earnings

New Projects/Investments

Revenue Acceleration/Inflection

Seadrill reported a net loss of $11 million and adjusted EBITDA of $86 million for Q3 2025.
Despite the net loss, Seadrill's Q3 2025 revenue of $363 million surpassed analyst expectations by over 10%.
The company secured over $300 million in new contracts, including significant work in Angola and the U.S. Gulf, enhancing its backlog through 2025 and 2026.
Investor confidence has risen, with Seadrill's stock now trading at seven times expected earnings, up from six times three months earlier.

Nov 6, 2025, 11:06 AM

Talos Energy Reports Q3 2025 Results, Updates Full-Year Guidance, and Announces Daenerys Discovery

TALO

Earnings

Guidance Update

Share Buyback

Talos Energy reported a Net Loss of $95.9 million, or $0.55 per diluted share, for the third quarter of 2025, which included $60.2 million in non-cash ceiling test impairment charges.
The company generated $103.4 million in Adjusted Free Cash Flow and repurchased approximately 5.0 million shares for $48.1 million during Q3 2025, contributing to over $100 million returned to shareholders in 2025.
Talos produced 95.2 thousand barrels of oil equivalent per day (MBoe/d) in Q3 2025 and updated its full-year 2025 guidance, expecting average daily production to range from 94.0 to 97.0 MBoe/d.
The company maintained a strong balance sheet with $332.7 million of cash and a Net Debt to Last Twelve Months Adjusted EBITDA of 0.7x as of September 30, 2025.
Talos announced a discovery at the Daenerys exploration prospect, with an appraisal well planned for the second quarter of 2026, and realized over $40 million in free cash flow enhancements in 2025 through its Optimal Performance Plan.

Nov 6, 2025, 12:11 AM

Talos Energy Announces Strong Q3 2025 Results and Updated Full-Year Guidance

TALO

Earnings

Guidance Update

Share Buyback

Talos Energy reported Q3 2025 production of 95.2 MBoe/d (70% oil, 76% liquids) and generated $103.4 million in Adjusted Free Cash Flow.
The company repurchased approximately 5.0 million shares for $48.1 million in Q3 2025, contributing to over $100 million returned to shareholders in 2025.
Talos updated its full-year 2025 guidance, reflecting higher production (average daily production range of 94.0 to 97.0 MBoe/d), lower operating expenses, and lower capital expenditures.
As of September 30, 2025, the company maintained a strong balance sheet with $332.7 million of cash and a Net Debt to LTM Adjusted EBITDA of 0.7x.
Key operational highlights include the announced discovery at the Daenerys exploration prospect and plans to spud the first well for the Monument development by early Q1 2026.

Nov 5, 2025, 9:15 PM

Earnings Transcripts

Quarterly earnings call transcripts for TALOS ENERGY.

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