Talos launches $300M stock offering to fund QuarterNorth acquisition; Q4 preliminary production 67-68 MBoe/d

TALOS ENERGY INC.

Offers $300M common stock (30-day option for $45M more) led by J.P. Morgan, Goldman Sachs & Mizuho.
Preliminary Q4 2023 production 67-68 MBoe/d; revenue $380-395M; cash $33.6M; debt $1.0257B.
QuarterNorth acquisition expected Q1 2024: $1.274B cash + 24.8M shares; adds ~252K net acres.
QuarterNorth acquisition to deliver ~$50M annual run-rate synergies (operational & G&A).
Pro forma QuarterNorth would have produced ~97-99 MBoe/d in Q4 2023.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TALOS ENERGY INC. reported the three months and year ended December 31, 2023 results: revenue approximately $380 million to $395 million, and from approximately $1,450 million to $1,465 million.

Period: the three months and year ended December 31, 2023
Revenue: approximately $380 million to $395 million, and from approximately $1,450 million to $1,465 million
Result: preliminary results

Exact text from the filing

the Company estimates that its revenues for the three months and year ended December 31, 2023 ranged from approximately $380 million to $395 million, and from approximately $1,450 million to $1,465 million, respectively

View on SEC.gov

13 earnings releases filed in the last 30 days. Browse all earnings releases →

TALOS ENERGY INC. filing history →

Source: SEC EDGAR

accession 0001193125-24-009281

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.