Nov 3, 5:05 PM ET
Talos Energy reported a third-quarter 2026 net loss of $81.2 million, or $0.49 per diluted share, on total revenues of $596.0 million. Adjusted net income was $99.3 million, or $0.58 per share, and the company raised its full-year 2026 production guidance while lowering its capital expenditure range. The mixed result matters to shareholders because the GAAP loss contrasts with higher adjusted profit and higher output.
- Total revenues of $596.0 million; GAAP net loss of $81.2 million ($0.49 per diluted share); adjusted net income of $99.3 million ($0.58 per share)
- Third-quarter production of 91.5 MBoe/d exceeded guidance; full-year 2026 production guidance raised to 92.5 to 94.5 MBoe/d from 85.0 to 90.0 MBoe/d
- Capital expenditure guidance lowered to $475 million to $525 million from $500 million to $550 million; cash operating expenses guidance raised to $580 million to $600 million from $560 million to $590 million
- Acquisition of deepwater assets from Shell completed September 22, 2026, with a final net cash purchase price of $420 million; 1.4 million shares repurchased for $23.6 million in the quarter
Read the filing on SEC.gov ↗
Sep 24, 5:27 PM ET
Talos Energy said its board appointed retired U.S. Air Force Major General Barbara J. Faulkenberry as a director, effective October 1, 2026, expanding the board to seven directors. Committee assignments have not yet been determined, and the filing describes her as independent under NYSE standards.
- Board appointed Barbara J. Faulkenberry on September 22, 2026, effective October 1, 2026
- Appointment expands the board from six to seven directors
- Faulkenberry previously served on Callon Petroleum's board from 2018 to April 2024 and on Target Hospitality's board from 2021 to 2023
- Company will enter into a customary indemnification agreement with her
Read the filing on SEC.gov ↗
Sep 22, 4:54 PM ET
Talos Energy completed its acquisition of deepwater assets in the Gulf of America from Shell Offshore Inc. on September 22, 2026, for a final net cash price of $420 million, which includes a $42.5 million escrow deposit paid earlier. The company also assumed proportionate decommissioning obligations, must provide financial assurance of an estimated $195.5 million, and its borrowing base under the credit agreement rose to $850 million, which matters to shareholders because it changes the company's obligations and borrowing capacity.
- Final net cash purchase price at closing was $420 million, including the previously escrowed $42.5 million deposit, subject to customary post-closing adjustments.
- Talos holds a 50% working interest and operatorship in the Coulomb field and a 25% non-operated working interest in the BP-operated Na Kika platform and four associated fields.
- Initial decommissioning security is estimated at $195.5 million, satisfied through surety bonds at closing; 50% must be provided in cash escrow starting December 31, 2032.
- Borrowing base increases from $700 million to $850 million; the company expects about $49 million in letters of credit at closing. Third quarter 2026 results are due November 3, 2026.
Read the filing on SEC.gov ↗
Aug 4, 5:18 PM ET
Talos Energy reported second quarter 2026 net income of $149.7 million, or $0.88 per diluted share, on total revenues of $664.8 million, and production that exceeded its guidance ranges. The company raised its full-year 2026 production guidance to 87 to 91 MBoe/d, excluding the pending Gulf of America bolt-on acquisition, which it expects to close in the third quarter of 2026. The filing does not include prior-year comparisons, and it raised its full-year G&A guidance to $135 million to $145 million.
- Net income $149.7 million, or $0.88 per diluted share; adjusted net income $97.8 million, or $0.57 per diluted share
- Full-year 2026 production guidance raised to 87 to 91 MBoe/d from 85 to 90 MBoe/d
- Adjusted EBITDA $402.4 million; cash $577.6 million; net debt to LTM adjusted EBITDA of 0.5x as of June 30, 2026
- Board authorized share repurchase authorization back up to $200 million; conference call on August 5, 2026 at 10:00 AM Eastern Time
Read the filing on SEC.gov ↗
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