Highest-materiality recent filing
Issued $800M aggregate principal of 8.000% Second-Priority Senior Secured Notes due 2034.
Talos Energy prices $800M 8.000% notes due 2034 to fund acquisition and refinance
$800M aggregate principal of 8.000% second-priority senior secured notes due 2034 priced.
Talos Energy subsidiary launches $800M notes offering to fund Gulf of America acquisition
Talos Production Inc. commenced offering of $800M second-priority senior secured notes due 2034.
Acquires 50% WI and operatorship in Coulomb field and 25% WI in BP-operated Na Kika platform for $850M net to Talos.
Talos Energy stockholders approve 4.5M share increase in LTIP; Board reduced to six
Stockholders approved A&R LTIP, increasing shares available from 12.44M to 16.94M.
Talos Energy Q1 2026: Net loss $256M on $145M impairment; adjusted EBITDA $293M
Produced 63.8 MBo/d oil (88.8 MBoe/d total); oil at high-end of guidance, total exceeding guidance.
Talos Energy posts FY2025 net loss $494.3M on $454.5M impairment; adj. FCF $417.7M
Q4 net loss $202.6M ($1.19 diluted EPS) includes $170.4M non-cash ceiling test impairment; adjusted net loss $76.5M ($0.44).
Talos Energy reaffirms $700M borrowing base, extends credit facility maturity to Jan 2030
Amends and restates existing credit agreement; borrowing base unchanged at $700M; maturity extended to January 20, 2030.
Talos Q3 2025 net loss $95.9M; production beat, $103.4M adj. free cash flow, Daenerys discovery
Production averaged 95.2 MBoe/d (70% oil, 76% liquids). Net loss $95.9M ($0.55/diluted) including $60.2M non-cash ceiling test impairment.
Talos Energy borrowing base reduced by $225M to $700M in credit agreement amendment
Borrowing base and total commitments decreased from $925M to $700M as part of spring 2025 scheduled redetermination.
Talos Energy Q2 2025 net loss $185.9M, adj. EBITDA $294.2M; guidance upgraded
Net loss $185.9M ($1.05/diluted) includes $223.9M impairment; adjusted net loss $48.3M ($0.27/share).
Talos Energy CFO Sergio Maiworm resigns; Gregory Babcock named Interim CFO
Sergio L. Maiworm Jr. resigns as EVP and CFO effective June 27, 2025 to pursue a new opportunity; no dispute with the company.
Talos Q1 2025: record production 100.9 MBoe/d, net loss $9.9M, adjusted net income $10.5M
Net loss of $9.9M ($0.05 loss per diluted share); adjusted net income of $10.5M ($0.06 per share).
Talos Energy Q4: Net loss $64.5M, adj. net income $15.2M; production 98.7 MBoe/d; new CEO incoming
Q4 2024 Net Loss $64.5M ($0.36/diluted share); Adjusted Net Income $15.2M ($0.08/diluted share).
Talos Energy appoints Paul Goodfellow as President & CEO, effective March 1, 2025
Goodfellow joins from Shell, where he spent 34 years; most recently EVP & Group Chief Internal Auditor.
Talos sells additional 30.1% Zama stake to Carso for $82.7M; coop agreement, rights termination
Sells 30.1% stake in Talos Mexico (holds 17.4% of Zama) for $49.7M cash at close plus $33M upon first production, total $82.7M.
Talos Energy reduces borrowing base to $925M, adds $800M availability cap
Borrowing base cut from $1.075B to $925M; total commitments reduced from $965M to $925M.
Talos Q3 2024 record production 96.5 MBoe/d, reduces debt $100M, narrows guidance
Production of 96.5 MBoe/d (70% oil) at high-end of guidance; revenue $509.3M.
Talos adopts limited-duration rights plan after Control Empresarial accumulates ~24% stake
Rights plan triggered if any person or group acquires 25% or more of TALO common stock without board approval.
Talos Energy CEO Tim Duncan departs; Joseph Mills interim CEO; guidance reaffirmed
Tim Duncan stepped down as President and CEO effective Aug 29, 2024; departure is without cause under severance plan.
Talos Energy Q2 production 95.5 MBoe/d; net income $12.4M, adj. EBITDA $344M
Production of 95.5 MBoe/d (73% oil) at high end of Q2 guidance; revenue $549.2M.
Talos Energy Q1 2024 net loss $112.4M, production 79.6 MBoe/d near high end
Net loss $112.4M ($0.71 diluted EPS); adjusted net loss $20.9M ($0.13 diluted) excluding CCS.
Talos files QuarterNorth acquisition financial statements: 2023 net income $198.7M, revenue $785.8M
QuarterNorth 2023 net income $198.7M (down 27% YoY); revenue $785.8M (down 14% YoY).
Talos sells CCS subsidiary to TotalEnergies for ~$148M; to repay credit facility
TotalEnergies acquires TLCS for $125M plus adjustments totaling ~$148M; effective date Jan 1, 2024.
Talos completes QuarterNorth acquisition for ~$1.57B; provides pro forma financials
QuarterNorth acquired for $1,244.3M cash and 24.3M shares valued at $322.6M.
Talos Energy raises 2024 production guidance after early QuarterNorth close
Full-year avg daily production raised to 89-95 MBoe/d (prior 87-93); includes ~10 months of QuarterNorth.
Talos Energy completes $1.27B acquisition of QuarterNorth Energy
Acquired all QuarterNorth equity for ~$1.27B cash and 24.8M Talos shares, closing ahead of schedule.
Talos reports Q4 net income $85.9M, guides 2024 output 87-93 MBoe/d pro forma QuarterNorth
Q4 revenue $385M, net income $85.9M ($0.68 diluted EPS); adjusted net loss $1.0M.
Issued $625M 9.000% senior secured notes due 2029 and $625M 9.375% notes due 2031; proceeds partly fund QuarterNorth acquisition.
Talos upsizes proposed senior secured notes offering to $1.25B, tied to QuarterNorth acquisition
Upsized from $1.0B to $1.25B aggregate principal amount of second-priority senior secured notes due 2029 and 2031.
Priced $625M of 9.000% notes due 2029 and $625M of 9.375% notes due 2031, totalling $1.25B.
Offering $1,000M aggregate principal of second-priority senior secured notes due 2029 and 2031 in private placement.
Talos Energy prices upsized public offering of 30M shares for ~$351M gross proceeds
Offering of 30M shares at $11.70 per share; underwriters' option to purchase 4.5M additional shares exercised in full.
Offers $300M common stock (30-day option for $45M more) led by J.P. Morgan, Goldman Sachs & Mizuho.
Talos acquires QuarterNorth Energy for $1.29B in cash and stock
Consideration: ~$965M cash + 24.8M Talos shares; total enterprise value ~$1.29B.
On May 16, 2025, Mr. Sergio L. Maiworm, Jr. informed the Board of Directors (the “Board”) of Talos Energy Inc. (the “Company”) that he was resigning from his position as Executive Vice President and Chief Financial Officer of the Company, effective as of June 27, 2025, to pursue a new opportunity.
In connection with and following Mr. Maiworm’s resignation, effective as of June 28, 2025, Mr. Gregory M. Babcock was appointed as Interim Chief Financial Officer to serve until a permanent Chief Financial Officer is appointed by the Board.
On February 2, 2025, the Board of Directors (the “Board”) of Talos Energy Inc. (the “Company”) appointed Mr. Paul R. Goodfellow to serve as the Company’s President, Chief Executive Officer and principal executive officer, effective March 1, 2025.
with Mr. Moss designated as interim Chief Executive Officer and the principal executive officer of the Company.
On January 5, 2025, Mr. Joseph A. Mills informed the Board of Directors (the “Board”) of Talos Energy Inc. (the “Company”) that he was resigning from his position as Interim Chief Executive Officer and President and as a member of the Board, effective immediately.
previously reported Timothy S. Duncan departed his role as President and Chief Executive Officer of the Company
Joseph A. Mills was appointed as Interim Chief Executive Officer and President of the Company, in each case, effective August 29, 2024.
Mr. Duncan also resigned as a member of the Board.
Joseph A. Mills, a member of the Company’s Board of Directors (the “Board”), will serve as Interim Chief Executive Officer and President, effective as of August 29, 2024.
Timothy S. Duncan departed his role as President and Chief Executive Officer of the Company, effective as of August 29, 2024.
On April 25, 2024, the Company announced the departure of John A. Parker, Executive Vice President – New Ventures, effective on April 24, 2024.
On April 25, 2024, Talos Energy Inc. (the “ Company ”) announced the promotion of Sergio L. Maiworm, Jr., from Senior Vice President and Chief Financial Officer to Executive Vice President and Chief Financial Officer, effective April 24, 2024.
Max materiality 0.85 · Median 0.70 · Most common event debt