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TALO

Talos Energy Inc.

TALO

Talos Energy Inc. • NYSE
$11.46 ▲ 1.15% (+0.13)
Market Cap $2.04 B
52w High $11.63
52w Low $6.22
Dividend Yield 0%
P/E -5.67
Volume 818.87K
Outstanding Shares 177.73M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $450.053M ▲ $139.792M ▼ $-95.908M ▲ -21.31% ▲ $-0.55 ▲ $214.136M ▲
Q2-2025 $424.721M ▼ $291.506M ▲ $-185.937M ▼ -43.779% ▼ $-1.05 ▼ $120.2M ▼
Q1-2025 $513.059M ▲ $60.973M ▼ $-9.868M ▲ -1.923% ▲ $-0.05 ▲ $342.578M ▲
Q4-2024 $485.185M ▼ $73.127M ▲ $-64.508M ▼ -13.296% ▼ $-0.36 ▼ $291.581M ▼
Q3-2024 $509.286M $47.921M $88.173M 17.313% $0.49 $456.226M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $332.691M ▼ $5.699B ▼ $3.318B ▼ $2.38B ▼
Q2-2025 $357.287M ▲ $5.925B ▼ $3.406B ▲ $2.519B ▼
Q1-2025 $202.95M ▲ $6.133B ▼ $3.401B ▼ $2.731B ▼
Q4-2024 $108.172M ▲ $6.192B ▼ $3.432B ▼ $2.76B ▼
Q3-2024 $45.542M $6.399B $3.581B $2.818B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-95.908M ▲ $114.168M ▼ $-112.384M ▲ $-58.459M ▼ $-56.675M ▼ $114.168M ▼
Q2-2025 $-185.937M ▼ $351.637M ▲ $-148.995M ▼ $-47.529M ▼ $155.113M ▲ $351.637M ▲
Q1-2025 $-9.868M ▲ $268.241M ▼ $-143.308M ▲ $-29.394M ▲ $95.539M ▲ $268.241M ▲
Q4-2024 $-64.508M ▼ $349.337M ▲ $-152.255M ▼ $-133.595M ▼ $62.63M ▲ $195.62M ▼
Q3-2024 $88.173M $227.466M $-105.179M $-113.507M $8.78M $227.466M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Natural Gas Production
Natural Gas Production
 $60.00M ▲$50.00M ▼$40.00M ▼$40.00M ▲
Oil and Condensate
Oil and Condensate
 $950.00M ▲$440.00M ▼$370.00M ▼$400.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Talos has grown its top line steadily over the past several years, moving from a much smaller business during the downturn to a meaningfully larger producer today. Profitability, however, has been quite volatile. Margins swung from losses in the early pandemic period, to very strong profits when commodity prices were high, and then back to a small loss in the most recent year. Cash‑based earnings (as reflected in EBITDA) have been consistently solid and generally improving, but accounting net income has bounced around due to price swings, depletion, and one‑off items. Overall, the income statement shows a company that can generate attractive economics in good markets but remains highly sensitive to oil and gas prices and project timing.

Balance Sheet

Balance Sheet The balance sheet has expanded significantly, with total assets more than doubling over the period, reflecting acquisitions and ongoing investment in offshore fields. Shareholders’ equity has increased over time, which is a positive sign of value being built, though with some bumps during weaker years. Debt remains meaningful but not extreme for a capital‑intensive offshore producer. Cash on hand is relatively low, which is common in this industry, so the company depends heavily on ongoing cash generation and credit access rather than large cash reserves. In short, Talos has grown into a larger asset base with a moderate leverage profile and typical offshore risk exposure.

Cash Flow

Cash Flow Talos’s cash flow profile is a key strength. Operating cash flow has trended upward, demonstrating that the core business consistently throws off cash even as earnings move around. Free cash flow has been positive in most years, with the exceptions largely tied to heavier investment cycles rather than operational weakness. Capital spending is lumpy, reflecting big offshore projects that require bursts of investment, but overall the company has generally remained within its means, funding growth largely from internal cash flow. This pattern supports ongoing development while still allowing some flexibility during weaker price periods.

Competitive Edge

Competitive Edge Talos operates in a niche where it has genuine expertise: the offshore Gulf of Mexico. Its edge comes from deep subsurface know‑how, extensive seismic data, and a concentrated portfolio of fields that can share infrastructure. The company’s strategy of tying new discoveries back to existing platforms can keep its costs and timelines lower than standalone projects. Being mid‑sized allows for quicker decision‑making than many majors, yet it still competes with much larger, better‑financed companies and faces the usual offshore challenges: high upfront costs, regulatory complexity, weather risks, and heavy dependence on commodity prices. Overall, Talos has a credible, focused position but operates in a very demanding arena.

Innovation and R&D

Innovation and R&D Innovation at Talos is centered on applied technology rather than lab‑style R&D. The company leans heavily on advanced 3D seismic imaging, proprietary data processing, and detailed reservoir modeling to find and develop fields more effectively. It also has strong offshore engineering capabilities, particularly in designing subsea systems and efficiently using existing platforms and pipelines. On the transition front, Talos moved early into carbon capture and storage, building valuable knowledge and relationships, even after monetizing its dedicated CCS arm. Looking ahead, its edge will depend on continuing to refine imaging, drilling, and development techniques, and on how it leverages its CCS expertise through new partnerships and projects.

Summary

Talos Energy has evolved from a smaller, more fragile producer into a larger, technically sophisticated offshore operator with a growing asset base and generally solid cash generation. Revenue has increased meaningfully, but profits remain cyclical and sensitive to oil and gas prices, reflecting both the opportunities and risks of offshore exploration and production. The balance sheet shows growth in assets and equity, funded by a mix of internal cash flow and moderate debt, with limited cash buffers typical for the sector. Strategically, Talos’s competitive strengths lie in its Gulf of Mexico focus, subsurface and seismic capabilities, and ability to reuse infrastructure, along with early‑mover experience in carbon capture. The main watchpoints are commodity price volatility, execution on large projects, capital discipline during heavy investment periods, and how effectively the company continues to translate its technical edge and CCS experience into durable, long‑term value.

NEWS

November 5, 2025 · 4:15 PM UTC

Talos Energy Announces Third Quarter 2025 Operational and Financial Results

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October 13, 2025 · 4:16 PM UTC

Talos Energy to Announce Third Quarter 2025 Results on November 5, 2025 and Host Earnings Conference Call on November 6, 2025

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