Earnings summaries and quarterly performance for TALOS ENERGY.
Executive leadership at TALOS ENERGY.
Paul Goodfellow
Detailed
President and Chief Executive Officer
CEO
JS
John Spath
Detailed
Executive Vice President and Head of Operations
MD
Megan Dick
Detailed
Executive Vice President and Chief Human Resources Officer
WL
William Langin
Detailed
Executive Vice President – Exploration and Development
WM
William Moss
Detailed
Executive Vice President, General Counsel and Secretary
ZD
Zachary Dailey
Detailed
Executive Vice President and Chief Financial Officer
Board of directors at TALOS ENERGY.
Research analysts who have asked questions during TALOS ENERGY earnings calls.
Michael Scialla
Stephens Inc.
5 questions for TALO
Also covers: AESI, APA, CNX +10 more
PD
Paul Diamond
Citigroup
5 questions for TALO
Also covers: AR, CHRD, CRK +11 more
GD
Greta Drefke
Goldman Sachs
4 questions for TALO
Also covers: AR, NFG, RRC
NP
Noel Parks
Tuohy Brothers
4 questions for TALO
Also covers: BE, BEEM, BLNK +21 more
Michael Furrow
Pickering Energy Partners
3 questions for TALO
Also covers: BKV, CRC, CRGY +1 more
NP
Nate Pendleton
Texas Capital
3 questions for TALO
Also covers: AROC, BRY, CRC +8 more
TR
Tim Rezvan
KeyBanc Capital Markets
3 questions for TALO
Also covers: BSM, CRGY, GPOR +9 more
Jeffrey Robertson
Water Tower Research
2 questions for TALO
Also covers: AMPY, BATL, DNOW +14 more
LM
Leo Mariani
ROTH MKM
2 questions for TALO
Also covers: APA, AR, CIVI +18 more
NP
Nathaniel Pendleton
Stifel
2 questions for TALO
Also covers: AROC, BRY, CRC +1 more
TR
Timothy Rezvan
KeyBanc Capital Markets Inc.
2 questions for TALO
Also covers: BKV, BSM, CIVI +10 more
AJ
Arun Jayaram
JPMorgan Chase & Co.
1 question for TALO
Also covers: APA, AR, BKR +33 more
Margaret Drefke
Goldman Sachs
1 question for TALO
Also covers: CRK, MUR, NFG +1 more
MC
Michael Carver
Pickering Energy Partners
1 question for TALO
MS
Michael Sell
Stifel
1 question for TALO
Neil Mehta
Goldman Sachs
1 question for TALO
Also covers: AESI, APA, AR +36 more
NK
Nitin Kumar
Mizuho Securities USA
1 question for TALO
Also covers: AR, BKV, CNX +9 more
Phu Pham
Roth Capital Partners
1 question for TALO
Also covers: BKV, SM
TH
Tarek Hamid
JPMorgan Chase & Co.
1 question for TALO
Also covers: CRGY, NFE
Recent press releases and 8-K filings for TALO.
Talos Energy Reports Strong Q4 and Full Year 2025 Results, Issues 2026 Guidance
TALO
Earnings
Guidance Update
New Projects/Investments
- Talos Energy reported $1.2 billion in adjusted EBITDA and $418 million in adjusted free cash flow for full year 2025. The company returned approximately 44% of adjusted free cash flow to shareholders through share repurchases, reducing the outstanding share count by about 7% throughout 2025, and ended the year with low leverage of 0.7 times and approximately $1 billion in total liquidity.
- For Q4 2025, production averaged 89,000 barrels of oil equivalent per day. For 2026, Talos expects average production between 85,000-90,000 barrels of oil equivalent per day, with oil production projected at 62,000-66,000 barrels of oil per day, and an increased oil cut to approximately 73%.
- The company plans 2026 capital expenditures (excluding P&A) of $500 million to $550 million. Key projects advancing include the Brutus rig reactivation program with three wells expected online by year-end 2026, the Monument project aiming for first oil by year-end 2026, and an appraisal well for the Daenerys discovery scheduled to spud late Q2 2026.
- Talos realized approximately $72 million in free cash flow improvements in 2025, exceeding its initial target, with about half of these savings being structural and recurring. The company's 2025 operating costs were on average 30% lower than the offshore peer group average.
3 days ago
Talos Energy Reports Strong FY 2025 Financial Results and Provides 2026 Guidance
TALO
Earnings
Guidance Update
New Projects/Investments
- Talos Energy reported FY 2025 adjusted EBITDA of $1.2 billion and adjusted free cash flow of $418 million, returning approximately 44% of adjusted free cash flow to shareholders through share repurchases, which reduced the outstanding share count by about 7%. The company also achieved $72 million in free cash flow improvements in 2025.
- For Q4 2025, average production was 89,000 barrels of oil equivalent per day (boe/d), including 65,000 barrels of oil per day (bopd). Talos ended 2025 with low leverage of 0.7 times and approximately $1 billion in total liquidity.
- The company provided 2026 guidance, projecting capital expenditures (excluding P&A) between $500 million and $550 million and average production between 85,000-90,000 boe/d and 62,000-66,000 bopd. The oil cut is expected to increase to approximately 73% in 2026.
- Key projects for 2026 include the Daenerys appraisal well in late Q2 2026, the Monument project expected online by year-end 2026, and new production from the Cardona and CPN wells, with the Genovesa well anticipated to return to production in Q3 2026. The year-end 2026 exit rate is expected to be higher than the 2025 year-end exit rate.
- Talos expanded its resource potential by acquiring 11 new leases (8 awarded) in December 2025, adding over 300 million barrels of gross, unrisked resource potential.
3 days ago
Talos Energy Reports Strong 2025 Financial Results and Provides 2026 Guidance
TALO
Earnings
Guidance Update
Share Buyback
- For the full year 2025, Talos Energy generated $418 MM in Adjusted Free Cash Flow (FCF) and $1.2 BN in Adjusted EBITDA, with an average daily production of 95 MBOE/D.
- The company returned $119 MM to shareholders in 2025 through share repurchases, reducing the outstanding share count by approximately 7%. This represents ~44% of FCF returned since the framework was announced in Q2 2025.
- Talos Energy maintained a strong balance sheet with a leverage ratio of 0.7x, ~$1.0 BN in liquidity, and $363 MM in cash at year-end 2025.
- The Optimal Performance Plan delivered $72 MM in FCF enhancements in 2025 and is projected to deliver over $100 MM in 2026. Key operational milestones included initiating production at Sunspear and Katmai West #2, and a discovery at the Daenerys exploration prospect.
- For 2026, the company provided capital expenditure guidance of $500 - $550 MM and production guidance of 85 – 90 MBOE/D.
3 days ago
Talos Energy Reports Strong 2025 Financials and Outlines 2026 Growth Strategy
TALO
Earnings
Guidance Update
New Projects/Investments
- Talos Energy reported strong 2025 financial results, including $1.2 billion in adjusted EBITDA and $418 million of adjusted free cash flow, returning approximately 44% of adjusted free cash flow to shareholders through share repurchases and reducing the outstanding share count by about 7%.
- In 2025, the company realized approximately $72 million in free cash flow improvements , expanded Tarantula's processing capacity to 38,000 barrels of oil equivalent per day , and made the Daenerys discovery, with appraisal set for Q2 2026. Talos also acquired new leases with 300 million barrels of gross, unrisked resource potential and increased its working interest in the Monument project.
- For 2026, Talos projects capital expenditures between $500 million and $550 million and production averaging 85,000-90,000 barrels of oil equivalent per day, with oil production expected to increase to approximately 73% of total production. Key projects like Cardona, CPN, and the Brutus rig program are advancing, and the Monument project is expected to yield first oil by year-end 2026. The Genovesa well is anticipated to return to production in Q3 2026.
- The company maintained a strong balance sheet, ending 2025 with low leverage of 0.7 times and approximately $1 billion in total liquidity. Year-end proved reserves stood at 175 million barrels of oil equivalent with a PV-10 of approximately $3.2 billion, complemented by probable reserves adding $2.3 billion in PV-10.
3 days ago
Talos Energy Announces Q4 and Full-Year 2025 Results
TALO
Earnings
Share Buyback
New Projects/Investments
- Talos Energy reported a Net Loss of $202.6 million (or $1.19 per diluted share) for Q4 2025 and $494.3 million (or $2.82 per diluted share) for FY 2025, primarily due to non-cash ceiling test impairment charges. Despite this, the company generated Adjusted EBITDA of $240.1 million in Q4 2025 and $1,198.6 million for FY 2025, along with Adjusted Free Cash Flow of $21.3 million in Q4 2025 and $417.7 million for FY 2025.
- For Q4 2025, production was 89.2 thousand barrels of oil equivalent per day (MBoe/d), with full-year 2025 production at 94.6 MBoe/d. Year-end 2025 proved reserves were 174.7 MMBoe, boasting a PV-10 value of $3.2 billion.
- The company repurchased approximately 1.5 million shares for $16.4 million in Q4 2025, contributing to a total of 12.6 million shares for $119.1 million repurchased in FY 2025. Talos ended 2025 with a strengthened balance sheet, including $362.8 million in cash and a Net Debt to LTM Adjusted EBITDA ratio of 0.7x, and extended its credit facility to 2030.
- Key operational achievements include achieving record throughput of 38 MBoe/d at the Tarantula Facility, successfully drilling and completing the Cardona well, and announcing a discovery at the Daenerys exploration prospect, with an appraisal well planned for Q2 2026.
4 days ago
Talos Energy Announces Fourth Quarter and Full-Year 2025 Results and 2026 Guidance
TALO
Earnings
Guidance Update
Share Buyback
- Talos Energy reported a Net Loss of $494.3 million (or $2.82 per diluted share) and an Adjusted Net Loss of $146.3 million (or $0.84 per diluted share) for the full year 2025, which included $454.5 million in non-cash ceiling test impairment charges.
- For the full year 2025, the company generated Adjusted EBITDA of $1,198.6 million and Adjusted Free Cash Flow of $417.7 million, while producing 94.6 thousand barrels of oil equivalent per day (MBoe/d).
- As of December 31, 2025, Talos Energy strengthened its balance sheet with $362.8 million in cash and a Net Debt to Last Twelve Months (LTM) Adjusted EBITDA of 0.7x.
- The company repurchased approximately 12.6 million shares for $119.1 million in 2025 and ended the year with 174.7 million barrels of oil equivalent (MMBoe) in proved reserves, valued at a PV-10 of $3.2 billion.
- Talos Energy provided 2026 guidance, expecting capital expenditures between $500 million and $550 million and production in the range of 85 to 90 MBoe/d.
4 days ago
Talos Energy Announces Credit Facility Reaffirmation and Maturity Extension
TALO
Debt Issuance
- Talos Energy Inc. (TALO) announced an Amended and Restated Credit Agreement.
- The company's borrowing base was reaffirmed at $700 million.
- The maturity date of the credit facility was extended to January 20, 2030.
- The closing date for this agreement was January 20, 2026.
Jan 22, 2026, 10:31 PM
Talos Energy Reaffirms Borrowing Base and Extends Credit Facility Maturity
TALO
Debt Issuance
- Talos Energy Inc. (TALO) has reaffirmed its borrowing base at $700 million through an Amended and Restated Credit Agreement.
- The maturity date of the company's credit facility has been extended to January 20, 2030.
- CEO Paul Goodfellow stated that this outcome signifies strong confidence from their lender group and helps ensure long-term access to capital.
Jan 21, 2026, 11:45 AM
Talos Energy Reports Strong Q3 2025 Results, Exceeds Production and Cost Savings Targets
TALO
Earnings
Guidance Update
Share Buyback
- 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
Quarterly earnings call transcripts for TALOS ENERGY.
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