Earnings Releases·Nov 3, 2026, 5:05 PM ET

Talos Energy — Third Quarter 2026 Earnings Summary

Total revenues increased to $595.99 million from $450.05 million year-over-year, while the net loss narrowed to $81.24 million ($0.49/share) from $95.91 million ($0.55/share); adjusted net income was $99.32 million ($0.58/share) with adjusted free cash flow of $186.3 million.
Full-year 2026 production guidance was raised to 68–70 MBo/d and 92.5–94.5 MBoe/d, accompanied by revised capital expenditure guidance of $475–$525 million and plugging and abandonment guidance of $135–$145 million.
Strategic progress includes the completed $420 million acquisition of deepwater assets from Shell, the execution of agreements for an offshore Honduras block, and the award of both leases from the August 2026 BBG3 sale.
Capital return initiatives saw the repurchase of 1.4 million shares for $23.6 million in the quarter, bringing total returns to $61.8 million year-to-date, while the borrowing base under the credit facility increased to $850 million.
Future outlook projects first oil at the Monument development in Q1 2027 and phased production from the Brutus program through Q4 2027, with Offshore Mexico Block 29 expected to reach Final Investment Decision in 2027.