earnings
confidence high
sentiment positive
materiality 0.75
Talos Q3 2024 record production 96.5 MBoe/d, reduces debt $100M, narrows guidance
TALOS ENERGY INC.
2024-Q3 EPS reported
-$0.07
revenue$1,488,383,000
- Production of 96.5 MBoe/d (70% oil) at high-end of guidance; revenue $509.3M.
- Net income $88.2M ($0.49 diluted EPS); Adjusted Net Loss $25.6M (-$0.14 adjusted EPS).
- Reduced debt $100M in Q3; leverage 0.9x, below 1.0x target; $425M repaid since March 2024.
- Revised 2024 production guidance up to 91.0-94.0 MBoe/d; capex lowered to $510-530M.
- Drilled Katmai West #2 appraisal; Ewing Bank 953 discovery expects first production mid-2026.