Talos Energy (TALO) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 6. On t ...

HOUSTON, March 18, 2024 /PRNewswire/ -- Talos Energy Inc. ("Talos") (NYSE: TALO) today announced that it has entered into an agreement for the sale of its wholly owned subsidiary, Talos Low Carbon Solutions LLC ("TLCS"), to TotalEnergies E&P USA, Inc. ("TotalEnergies") for a purchase price of $125 million plus customary reimbursements, adjustments and retention of cash, combined totaling approximately $148 million. The transaction was based on an effective date of January 1, 2024 and will close later today. ...

Talos Energy Inc.(TALO) has updated its operational and financial guidance for 2024, taking into account QuarterNorth Energy Inc.’s acquisition, which was closed earlier than expected. Based on the prior guidance, it was expected that the acquisition would close by the end of the first quarter of 2024.For full-year 2024, Talos projects the average daily production to be in the range of 89-95 thousand barrels of oil equivalent per day (Mboe/d), indicating an increase from the previous guidance of 87-93 MBoe/ ...

HOUSTON, March 11, 2024 /PRNewswire/ -- Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today provided updated 2024 operational and financial guidance to reflect the closing of the QuarterNorth Energy Inc. ("QuarterNorth") acquisition earlier than expected. Prior guidance was based on an end-of-first-quarter 2024 close. For the full year 2024, Talos expects average daily production between 89.0 and 95.0 thousand barrels of oil equivalent per day ("MBoe/d"), an increase from the previous guidance o ...

HOUSTON, March 4, 2024 /PRNewswire/ -- Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today announced the completion of the acquisition of QuarterNorth Energy Inc. ("QuarterNorth"). After completing the acquisition, Talos has approximately 183.0 million shares of common stock outstanding, including approximately 24.4 million shares issued to the QuarterNorth shareholders as consideration for the transaction. Additionally, Talos has appointed QuarterNorth's designee, Joseph A. Mills, to the Talos ...

TALOS Cautionary Statements presentation.. In addition, we use the terms such as "estimated resource" in this presentation, which are not measures of "reserves" prepared in accordance with SEC guidelines or permitted to be included in SEC filings. These types of estimates do not represent, and are not intended to represent, any category of reserves based on SEC definitions, are by their nature more speculative than estimates of proved, probable and possible reserves and do not constitute "reserves" within t ...

Financial Data and Key Metrics Changes - In Q4 2023, the company produced 67.7 thousand barrels of oil equivalent per day, with 76% being oil and 83% liquids, leading to total corporate adjusted EBITDA of $249 million [73] - The company expects production in 2024 to be between 87,000 and 93,000 barrels of oil equivalent per day, representing a 35% to 40% year-over-year increase, while capital expenditures are projected to decrease compared to 2023 [10][103] - The company aims to pay down approximately $400 million in debt throughout 2024, ending the year with a leverage debt of 1x [56][103] Business Line Data and Key Metrics Changes - The QuarterNorth transaction is expected to contribute approximately 30,000 barrels equivalent per day in 2024, with 75% being oil-weighted and over 95% operated [74] - The company anticipates a reduction in P&A and decommissioning costs to $90 million to $100 million in 2024, down from 2023 levels [11] Market Data and Key Metrics Changes - The company is now the fifth largest operator in the Gulf of Mexico and the fourth largest by acreage, with a proved reserve value of over $5 billion [6] - The company noted a slowdown in lease sales but remains active in business development to maximize the value of its acreage [20][88] Company Strategy and Development Direction - The company is focused on generating significant free cash flow and prioritizing capital allocation around free cash flow generation in the upstream business for 2024 [4][105] - The company is pursuing accretive M&A opportunities and has a robust asset management program to enhance its inventory [4][12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the operational pace and the potential for increased production from new projects in 2024 and beyond [50] - The company is committed to maintaining a clean capital structure with long-dated maturities and attractive borrowing costs [78] Other Important Information - The company successfully restructured three drilling joint ventures in Q4 2023, enhancing its operational flexibility [3] - The company is exploring strategic alternatives for its TLCS business, emphasizing the importance of capital allocation decisions [4][107] Q&A Session Summary Question: What are the company's thoughts on share repurchases? - Management indicated that the priority is to stabilize the balance sheet post-acquisition before considering share repurchases [25] Question: Can you provide an update on the Zama project timeline? - Management acknowledged delays in the Zama project but stated that these delays are for the project's benefit [46] Question: How does the company view the investment environment in the Gulf of Mexico? - Management noted that while lease sales have slowed, there is still capital interested in the Gulf of Mexico, and the company is focused on maximizing its inventory [20][41]

Talos Energy (TALO) reported $384.96 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 12.5%. EPS of -$0.01 for the same period compares to $0.20 a year ago.The reported revenue represents a surprise of -0.50% over the Zacks Consensus Estimate of $386.9 million. With the consensus EPS estimate being $0.37, the EPS surprise was -102.70%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to d ...

Talos Energy (TALO) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of $0.37. This compares to earnings of $0.20 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -102.70%. A quarter ago, it was expected that this independent oil and gas company would post earnings of $0.18 per share when it actually produced earnings of $0.15, delivering a surprise of -16.67%.Over the last four quarters, th ...

HOUSTON, Feb. 28, 2024 /PRNewswire/ -- Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today announced its operational and financial results for fiscal quarter and full year ended December 31, 2023. Talos also announced its year-end 2023 reserves estimates and the Company's 2024 operational and financial guidance pro forma for the pending QuarterNorth acquisition. Recent Highlights Fourth quarter 2023 production and full year 2023 production, operating expenses, general and administrative expense ...