earnings
confidence high
sentiment neutral
materiality 0.75
Talos Energy Q1 2024 net loss $112.4M, production 79.6 MBoe/d near high end
TALOS ENERGY INC.
2024-Q1 EPS reported
-$0.71
revenue$429,932,000
- Net loss $112.4M ($0.71 diluted EPS); adjusted net loss $20.9M ($0.13 diluted) excluding CCS.
- Revenue $429.9M; production 79.6 MBoe/d (71% oil) at high end of Q1 guidance.
- Reduced debt by $225M since QuarterNorth close; leverage ratio 1.0x; refinanced $865M notes.
- Sold TLCS to TotalEnergies for $148M; achieved 2x multiple on invested capital.
- FY 2024 guidance maintained; Q2 production guidance provided; capex plan unchanged.