Talos reports Q4 net income $85.9M, guides 2024 output 87-93 MBoe/d pro forma QuarterNorth

TALOS ENERGY INC.

2023-FY EPS reported $1.55 revenue$1,457,886,000

Q4 revenue $385M, net income $85.9M ($0.68 diluted EPS); adjusted net loss $1.0M.
2024 production guidance 87-93 MBoe/d (over 70% oil) assuming nine months of QuarterNorth; upstream capex $565-595M.
QuarterNorth $1.29B acquisition expected to close March 2024; combined Q4 2023 output ~99 MBoe/d.
Refinanced ~$865M 2026 notes with $1.25B notes due 2029/2031 at 9.0% and 9.375%, reducing interest cost ~275-300 bps.
TLCS subsidiary evaluating full range of strategic alternatives; targeting year-end 2024 leverage ≤1.0x via ~$400M debt paydown.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TALOS ENERGY INC. reported financial results for three and twelve months ended December 31, 2023.

Period: three and twelve months ended December 31, 2023
Result: reported results

Exact text from the filing

On February 28, 2024, Talos Energy Inc. (the “Company”) issued a press release announcing its financial and operational results for the three and twelve months ended December 31, 2023, historical and pro forma year-end 2023 reserves for the recently announced acquisition of QuarterNorth Energy Inc. and 2024 operational and financial guidance for the combined company.

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TALOS ENERGY INC. filing history →

Source: SEC EDGAR

accession 0001193125-24-051183

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