secwatch.observer — SEC 8-K summary
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Issuer:     TALOS ENERGY INC. (TALO)
CIK:        0001724965
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001193125-23-138624
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Talos Q1 net income $89.9M; FY23 production guidance cut to 66-71 MBoe/d from 72-76
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- Q1 production 63.6 MBoe/d (72% oil); revenue $322.6M; net income $0.84/diluted share; adjusted net loss $0.01/diluted share.
- FY23 production guidance lowered to 66-71 MBoe/d from 72-76, citing delays in new wells (Bulleit, Mt. Hunter) and unplanned downtime at Neptune.
- Share repurchase program of $100M authorized in March; 1.9M shares repurchased for $26.6M as of March 31.
- Zama unit development plan submitted; IPT formed; Pancheron exploration well spud in April; Daenerys prospect planned for 2024.
- CCS acreage doubled to ~110,000 gross acres in LA; Bayou Bend CCS expanded to ~140,000 acres; exploring capital raise for TLCS.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1724965/000119312523138624/0001193125-23-138624-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1724965/000119312523138624/d419134d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-138624

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