Talos Energy Inc

Talos Energy, Inc. operates as a holding company. The firm engages in the exploration and production of oil and natural gas. It focuses on the exploration, acquisition, exploitation and development of shallow and deepwater assets near existing infrastructure in the United State Gulf of Mexico. The company was founded by John A. Parker, Stephen E. Heitzman and Timothy S. Duncan in 2012 and is headquartered in Houston, TX.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Talos Energy excels in 2022, eyes growth through strategic investments

Talos Energy's strong financial performance, strategic focus on debt reduction, and growth investments position the company for value creation in 2023.
While challenges exist in project evaluations and regulatory processes, opportunities in high-impact projects and CCS initiatives present avenues for growth and sustainability.
The company's emphasis on operational excellence, financial discipline, and environmental initiatives underscores its commitment to long-term value creation and stakeholder returns.

Talos Energy reports Q1 challenges, aims for growth opportunities

Talos Energy navigated operational challenges in Q1, impacting drilling results and production guidance. The company reported strong financial performance with revenue of $323 million and adjusted EBITDA of $203 million.
Despite challenges, Talos is focused on enhancing well performance, reducing leverage, and pursuing strategic acquisitions. The company aims to exceed 80,000 boe/d next year and capitalize on opportunities in the Gulf of Mexico and CCS business.
With a focus on operational efficiency and long-term value creation, Talos Energy is strategically positioning itself for growth. The company's emphasis on balancing near-term challenges with shareholder value underscores its commitment to sustainable growth and performance optimization.

Talos Energy excels in Q2 2023, prioritizes debt reduction

Talos Energy delivered strong financial performance, operational achievements, and progress in sustainability initiatives in Q2 2023.
The company's strategic focus on debt reduction, free cash flow generation, and innovation underscores its resilience and adaptability.
While facing challenges in debt management and market dynamics, Talos remains poised to leverage opportunities for growth and value creation.
With a solid foundation, operational flexibility, and a commitment to sustainability, Talos is well-positioned for future success and value creation.

Talos Energy advances operations and partnerships amidst production challenges

Talos Energy's Q3 performance reflects operational progress and growth strategies amidst challenges like production interruptions and cost inflation. Strategic partnerships, focus on risk management, and expertise in key projects position the company for future success. Opportunities in M&A, CCS projects, and leveraging acreage drive value creation and growth potential.

Talos Energy reports strong Q4 performance, eyes growth opportunities

Talos Energy Inc's Q4 showcased robust financials, strategic acquisitions, and debt reduction focus. Challenges include project delays and strategic decision-making. Opportunities lie in regulatory progress and business expansion.

Talos Energy reports record production and explores growth opportunities

Talos Energy's Q3 2024 performance reflects operational strength and financial discipline.
While facing challenges in control environment and CEO transition, the company is poised for growth.
Exploration successes and strategic focus on debt reduction position Talos for future opportunities.

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Talos Energy Inc. (TALO) Q4 2023 Earnings Call Transcript

A promising offshore oil project in Mexico operated by state company Pemex "is delayed for the right reasons," the head of Pemex partner Talos Energy said on Thursday, allowing changes to the engineering design to move it forward.

Mexico's Zama oil project delayed "for the right reasons," says Talos Energy

Although the revenue and EPS for Talos Energy (TALO) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Talos Energy (TALO) Q4 Earnings: A Look at Key Metrics

Talos Energy (TALO) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of $0.37. This compares to earnings of $0.20 per share a year ago.

Talos Energy (TALO) Reports Q4 Loss, Misses Revenue Estimates

HOUSTON , Feb. 28, 2024 /PRNewswire/ -- Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today announced its operational and financial results for fiscal quarter and full year ended December 31, 2023. Talos also announced its year-end 2023 reserves estimates and the Company's 2024 operational and financial guidance pro forma for the pending QuarterNorth acquisition.

Talos Energy Announces Fourth Quarter and Full Year 2023 Operational and Financial Results

Talos Energy (TALO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Talos Energy (TALO) Earnings Expected to Grow: Should You Buy?

Mexican billionaire Carlos Slim said on Monday he is interested in growing his company's stake in U.S.-based oil company Talos Energy's projects depending on the conditions.

Mexican tycoon Slim expresses interest in growing stake in Talos oil projects

HOUSTON , Feb. 1, 2024 /PRNewswire/ -- Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) intends to release fourth quarter 2023 results for the period ended December 31, 2023, on Wednesday, February 28, 2024, after the U.S. financial market closes. In addition to this release, Talos will host a conference call, broadcast live over the internet, on Thursday, February 29, 2024, at 10:00 AM Eastern Time (9:00 AM Central Time).

Talos Energy to Announce Fourth Quarter 2023 Results on February 28, 2024 and Host Earnings Conference Call on February 29, 2024

HOUSTON , Jan. 25, 2024 /PRNewswire/ -- Talos Energy Inc. ("Talos") (NYSE: TALO) today announced that Talos Production Inc. (the "Company"), a wholly owned subsidiary of Talos, has priced an upsized offering (the "Offering") of $625 million in aggregate principal amount of new 9.000% Second-Priority Senior Secured Notes due 2029 and $625 million in aggregate principal amount of new 9.375% Second-Priority Senior Secured Notes due 2031 (collectively, the "New Notes"). The Company intends to use the net proceeds from the Offering to (i) fund a portion of the cash consideration for the Company's recently announced pending acquisition of QuarterNorth Energy, Inc. ("QuarterNorth," and such acquisition, the "Acquisition"), (ii) fund the redemption (the "Redemptions") of all of the outstanding 12.00% Second-Priority Senior Secured Notes due 2026 issued by the Company (the "12.00% Notes") and all of the outstanding 11.750% Senior Secured Second Lien Notes due 2026 issued by Talos Energy Ventures GOM LLC (f/k/a Energy Ventures GoM LLC) and Talos Finance Corporation (f/k/a EnVen Finance Corporation), each a wholly owned subsidiary of the Company (the "11.750% Notes," and collectively with the 12.00% Notes, the "Existing Notes"), and (iii) pay any premiums, fees and expenses related to the Redemptions and the issuance of the New Notes.

Talos Energy Announces Pricing of Upsized Offering of $625 Million of Second-Priority Senior Secured Notes Due 2029 and $625 Million of Second-Priority Senior Secured Notes Due 2031

HOUSTON , Jan. 25, 2024 /PRNewswire/ -- Talos Energy Inc. ("Talos") (NYSE: TALO) today announced that Talos Production Inc. (the "Company"), a wholly owned subsidiary of Talos, has upsized its previously announced offering (the "Offering") of $1,250 million in aggregate principal amount of new Second-Priority Senior Secured Notes, consisting of Second-Priority Senior Secured Notes due 2029 and Second-Priority Senior Secured Notes due 2031 (collectively, the "New Notes"). The Offering has been upsized from the previously announced $1,000 million in aggregate principal amount of New Notes.

Talos Energy Announces Upsized Proposed Offering of $1,250 Million of Second-Priority Senior Secured Notes

HOUSTON , Jan. 23, 2024 /PRNewswire/ -- Talos Energy Inc. ("Talos") (NYSE: TALO) today announced that Talos Production Inc. (the "Company"), a wholly owned subsidiary of Talos, has commenced an offering (the "Offering") of $1,000 million in aggregate principal amount of new Second-Priority Senior Secured Notes, consisting of Second-Priority Senior Secured Notes due 2029 and Second-Priority Senior Secured Notes due 2031 (collectively, the "New Notes"). The Company intends to use the net proceeds from the Offering to (i) fund a portion of the cash consideration for the Company's recently announced pending acquisition of QuarterNorth Energy, Inc. ("QuarterNorth," and such acquisition, the "Acquisition"), (ii) fund the redemption (the "Redemption") of all of the outstanding 12.00% Second-Priority Senior Secured Notes due 2026 issued by the Company (the "2026 Notes"), and (iii) pay any premiums, fees and expenses related to the Redemption and the issuance of the New Notes.

Talos Energy Announces Proposed Offering of $1,000 Million of Second-Priority Senior Secured Notes

Talos (TALO) acquires a privately-held exploration and production company QuarterNorth Energy, in a stock-and-cash deal worth $1.29 billion to expand its operations to the Gulf of Mexico region.

Talos (TALO) Acquires QuarterNorth in the U.S. Gulf of Mexico

HOUSTON , Jan. 17, 2024 /PRNewswire/ -- Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today announced the pricing of its upsized underwritten public offering of 30,000,000 shares of its common stock, for total gross proceeds of approximately $351.0 million. In connection with the offering, the Company also granted the underwriters a 30-day option to purchase up to an additional 4,500,000 shares of its common stock at the public offering price.

Talos Energy Announces Pricing of Upsized Underwritten Public Offering of Common Stock

HOUSTON , Jan. 17, 2024 /PRNewswire/ -- Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today announced that it has commenced an underwritten public offering of $300.0 million of shares of its common stock, par value $0.01 per share ("common stock"). The Company expects to grant the underwriters a 30-day option to purchase $45.0 million of additional shares of its common stock.

Talos Energy Announces Commencement of Underwritten Public Offering of Common Stock

Oil and gas company Talos Energy said on Monday it will acquire privately held QuarterNorth Energy in a $1.29 billion cash and stock deal to bolster its presence in Mexico.

Talos Energy to acquire QuarterNorth Energy for $1.29 bln

HOUSTON , Jan. 15, 2024 /PRNewswire/ -- Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today announced the execution of definitive agreements to acquire QuarterNorth Energy Inc. ("QuarterNorth") for $1.29 billion (the "Transaction"). QuarterNorth is a privately-held U.S. Gulf of Mexico exploration and production company with ownership in several prolific offshore fields.

Talos Energy Announces Strategic Acquisition of QuarterNorth Energy

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Talos (TALO) exclusively owns and operates the wells located near the Ram Powell platform.

Talos (TALO) Initiates Production From Gulf of Mexico Wells

HOUSTON , Jan. 3, 2024 /PRNewswire/ -- Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today announced that it has successfully started oil and natural gas production at Talos's Lime Rock and Venice discoveries, located near its 100% owned and operated Ram Powell platform in the U.S. Gulf of Mexico. Talos owns a 60% working interest in both wells.

Talos Energy Starts Production at Lime Rock and Venice Gulf of Mexico Discoveries

Talos Energy may experience production increases in 2024 from the Sunspear discovery and Venice and Lime Rock assets. The company's storage portfolio and the growing CO2 storage market could generate significant demand for Talos Energy's stock. Despite risks such as crude price volatility and lower oil reserves, Talos Energy appears undervalued at its current valuation.

Talos Energy: Sunspear Discovery And CO2 Storage Could Push The Price Up

Talos (TALO) achieves a milestone with successful bids on 13 deepwater blocks and strategic acreage consolidation in the U.S. Gulf of Mexico, strengthening its position in the region.

Talos (TALO) Emerges as Top Bidder in Gulf of Mexico Lease Sale

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HOUSTON , Dec. 22, 2023 /PRNewswire/ -- Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today announced that it was named as the apparent high bidder on 13 deepwater blocks comprising approximately 74,000 gross acres (approximately 48,000 net acres) in the U.S. Gulf of Mexico Outer Continental Shelf Federal Lease Sale 261 held by the Bureau of Ocean Energy Management ("BOEM") on December 20, 2023. Leases for all blocks remain subject to normal-course, formal award by the Department of the Interior.

Talos Energy Announces Portfolio Additions from Lease Sale Results and Execution of Acreage Consolidation Agreements

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HOUSTON , Dec. 7, 2023 /PRNewswire/ -- Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today provides operational updates. Talos expects the impact related to the Main Pass Oil Gathering pipeline shut-in to be immaterial to its fourth quarter 2023 results.

News for Talos Energy Inc Stock (TALO)