TALO
Talos Energy Inc.10.66
-0.58-5.16%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A details projects, reaffirms outlook
Q&A largely reaffirmed prepared remarks on 2026 projects and strategy, adding operational color without contradictions. Management detailed Genovese's isolated safety valve fix via H2 intervention vessel, distinct from Sunspear. Daenerys appraisal spuds late Q2 with Q4 results; Monument advances with back-to-back March drilling. Tarantula debottlenecking topped at 38,000 boe/d—bone picked clean. CEO open to inorganic growth if framework fits. Analysts probed rigs and infrastructure; responses highlighted planning and deepwater edge. Confident execution tone; investors eye project delivery.
Key Stats
Market Cap
1.86BP/E (TTM)
-Basic EPS (TTM)
-2.02Dividend Yield
0%Recent Filings
8-K
Q4 results: production steady
Talos Energy reported Q4 2025 production of 89.2 MBoe/d, with full-year output at 94.6 MBoe/d, generating $1.2B Adjusted EBITDA and $418M Adjusted Free Cash Flow. Yet non-cash ceiling test impairments hit $170M in Q4, driving a $203M net loss; balance sheet shines with $363M cash and 0.7x net debt leverage. Guides 2026 capex $500-550M, production 85-90 MBoe/d. Strong cash flow funds buybacks.
10-K
FY2025 results
Talos Energy posted flat FY2025 production of 34,534 MBo e, up 2% y/y, with Deepwater assets driving 90% of output at 94.6 MBoepd—Q4 ramped via Katmai #2 and Cardona wells, offsetting declines. Realized prices sank to $51.55/Boe from $58.23, sparking a $454M full-cost ceiling impairment, yet lease ops dipped to $15.83/Boe on lower workovers. Proved reserves fell 10% to 175 MMBoe (78% developed), PV-10 $3.2B; Q4 momentum shone in 9.8 MMBoe PUD conversions. Buybacks chewed $119M (12.6M shares); debt sits at $1.25B fixed-rate. Oil prices stay volatile.
8-K
Talos reaffirms $700M credit facility
Talos Energy entered an Amended and Restated Credit Agreement on January 20, 2026, reaffirming the $700M borrowing base with a $250M LC sublimit and extending maturity to January 20, 2030, or 91 days before the earliest senior notes maturity if unrepaid. Secured by 85% of proved reserves, it mandates debt/EBITDAX ≤3.0x and current ratio ≥1.0x quarterly, plus minimum hedging. Lenders gain longer runway, but covenants tighten flexibility.
8-K
Extended Slim cooperation agreement
Talos Energy extended its Cooperation Agreement with Control Empresarial de Capitales—Carlos Slim family-controlled holder of over 5% stake—by one year to December 16, 2026, effective December 8, 2025. The amendment prolongs the standstill period, sustaining collaborative ties. Stability preserved. No other terms changed.
8-K
Talos Q3 beats on production, cash flow
Talos Energy reported Q3 2025 results on November 5, with production hitting 95.2 MBoe/d (70% oil), $301.2M Adjusted EBITDA, and $103.4M Adjusted Free Cash Flow despite a $60.2M non-cash impairment from low oil prices. Repurchased 5M shares for $48.1M; exceeded Optimal Performance Plan target with $40M+ savings. Cash at $332.7M, net debt leverage 0.7x. Discovery at Daenerys sets up 2026 appraisal.
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