earnings
confidence high
sentiment positive
materiality 0.80
Talos Energy Q2 net income $149.7M; raises FY2026 production guidance midpoint to 66 MBo/d
TALOS ENERGY INC.
- Q2 production 68.6 MBo/d (93.7 MBoe/d), above guidance; net income $149.7M ($0.88 diluted EPS); adjusted net income $97.8M ($0.57).
- Generated adjusted EBITDA $402.4M; adjusted free cash flow $231.6M; cash $577.6M, net debt/EBITDA 0.5x.
- Raised FY2026 production guidance midpoint to 66 MBo/d (89 MBoe/d) excluding bolt-on acquisition and after non-core divestment.
- Announced Gulf of America deepwater asset acquisition from Shell; expected close Q3 2026; also farm-in with Repsol in Mexico Block 29.
- Issued $800M 8.000% notes due 2034 to redeem $625M 9.000% notes due 2029; upsized credit facility to $850M.