Operational Risks - Approximately 19% of the company's production comes from properties it does not operate, limiting its control over operations and future developments [180]. - The company may experience production shut-ins due to adverse weather conditions, which could lead to increased costs and reduced future production [188]. - Deepwater exploration and development carry significantly higher operational and financial risks compared to shallower waters, requiring advanced technology and specialized rigs [193]. - The company faces significant cybersecurity threats that could disrupt operations and lead to financial losses, including unauthorized access to sensitive information and potential regulatory fines [178]. - A prolonged government shutdown could disrupt offshore operations and delay regulatory approvals, potentially increasing project timelines and costs, and decreasing production [226]. Financial Risks - The company relies on a limited number of customers, with Shell Trading (US) Company, Exxon Mobil Corporation, and Chevron Corporation representing 35%, 23%, and 12% of its oil, natural gas, and NGL revenues for the year ended December 31, 2025, respectively [199]. - The company may face challenges in obtaining financing on acceptable terms due to substantial capital requirements for operations and production replacement [241]. - A financial crisis or disruption in credit markets could limit access to funding and adversely impact business operations [238]. - The company may need to raise additional debt or equity or sell assets if cash flow or borrowing capacity declines, which could adversely affect business and financial condition [243]. - The company's debt level and related covenants may restrict operations and financial flexibility, requiring substantial cash flow for interest and principal payments [231]. Regulatory and Compliance Risks - Compliance with stringent environmental laws and regulations could increase costs and limit operations, with potential liabilities for pollution and other environmental impacts [183]. - Future regulatory changes could restrict or delay oil and natural gas exploration and production activities, potentially having a material adverse effect on the company's financial condition [184]. - The company is subject to evolving regulatory and environmental requirements in Mexico that could increase costs and compliance risks [205]. - The Hydrocarbons Sector Law adopted in March 2025 may impose new requirements that could increase operating costs for offshore operations in Mexico [93]. - The Clean Air Act (CAA) may result in stricter permitting requirements and increased costs for pollution control equipment due to evolving regulations [109]. Environmental Risks - Future legislation aimed at reducing greenhouse gas emissions may require new emissions-control equipment, increasing operational costs [215]. - Climate change litigation risks are increasing, with potential lawsuits alleging that oil and gas companies contribute to global warming and related damages [111]. - The Oil Pollution Act (OPA) imposes a damages liability cap of $167.8 million for oil spills, but this cap does not apply in cases of gross negligence or willful misconduct [99]. - The Endangered Species Act (ESA) may impose restrictions on operations in areas where endangered species are present, potentially affecting access to oil and gas development sites [104]. - The company faces risks from severe climatic events that could physically damage assets and disrupt exploration and production operations [114]. Operational Performance and Strategy - The company uses hedging transactions to manage price volatility for oil, natural gas, and NGLs, which may limit potential gains and expose it to financial risks [181]. - The company may not realize expected benefits from future acquisitions, which could adversely affect operating results [221]. - The company maintains insurance against some operating risks, but may not be fully covered for all potential liabilities, which could severely impact its financial position [189]. - The company recorded an impairment of $454.5 million for the year ended December 31, 2025, which could adversely affect business and financial condition [225]. - Seismic data interpretation does not guarantee the presence of commercially viable hydrocarbons, which could lead to unsuccessful drilling [209]. Human Capital and Corporate Governance - The company employs approximately 700 employees, with 54% (around 400) in offshore operations [133]. - The executive leadership team oversees human capital management with support from the Board of Directors [129]. - The company has implemented a "Stop Work Authority" program to empower employees to halt work for safety concerns [134]. - The annual incentive plan (AIP) ties employee bonuses to various performance metrics, including financial and safety goals [136]. - The company maintains a Human Rights Policy that applies to all employees, contractors, and suppliers [126]. Community Engagement and Corporate Responsibility - The company supports community engagement through corporate philanthropic efforts and provides an annual allowance for charitable donations [138]. - The company offers comprehensive benefits, including retirement savings contributions and health and wellness initiatives [137]. - The company is committed to non-discriminatory practices in employment as outlined in its Code of Business Conduct [125]. - The company maintains general liability insurance with a limit of $500 million per occurrence and $250 million for named windstorms [80]. - Intense industry competition may limit growth opportunities and increase costs, as larger competitors may outbid the company for leases and acquisitions [198].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-36904 (Address of principal executive offices, including zip code) Securities registered pursuant to Section 1 ...

Use these links to rapidly review the document Table of Contents Part I. Financial Information UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 31, 2026 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-4423 ____________________________ ...

Production and Reserves - Talos produced 64.9 thousand barrels of oil per day (MBo/d) and 89.2 thousand barrels of oil equivalent per day (MBoe/d) in Q4 2025, with full-year production of 65.9 MBo/d and 94.6 MBoe/d[5]. - Talos achieved a year-end 2025 proved reserves of 174.7 million barrels of oil equivalent (MMBoe) with a present value (PV-10) of $3.2 billion[5]. - Talos's probable reserves as of December 31, 2025, were 102.5 MMBoe, with a PV-10 value of approximately $2.3 billion[38]. - Production guidance for 2026 is expected to range from 62 to 66 MBo/d and 85 to 90 MBoe/d[40]. - For Q1 2026, production is estimated to be between 60 to 64 MBo/d and 84 to 88 MBoe/d[41]. Financial Performance - The company reported a net loss of $202.6 million, or $1.19 per diluted share, for Q4 2025, and a full-year net loss of $494.3 million, or $2.82 per diluted share, which included $170.4 million of non-cash impairment charges[5][22]. - Talos generated Adjusted EBITDA of $240.1 million in Q4 2025 and $1,198.6 million for the full year, with Adjusted Free Cash Flow of $21.3 million in Q4 and $417.7 million for the full year[5][22]. - Total revenues for Q4 2025 were $392.2 million, a decrease of 19.2% compared to $485.2 million in Q4 2024[60]. - Net loss attributable to Talos Energy Inc. for the year ended December 31, 2025, was $494.3 million, compared to a loss of $76.4 million in 2024[60]. - Operating expenses increased to $636.2 million in Q4 2025, up 38.9% from $458.0 million in Q4 2024[60]. Capital Expenditures and Investments - The company invested $150.4 million in capital expenditures in Q4 2025 and $498.6 million for the full year, excluding plugging and abandonment costs[5][22]. - Capital expenditures guidance for 2026 is projected to be between $500 million and $550 million, with P&A expenditures expected to range from $100 million to $130 million[40]. - Approximately 40% of total capital expenditures in 2026 will be non-operated, primarily driven by the Beacon-operated Monument project[40]. Shareholder Returns - The company repurchased approximately 1.5 million shares for $16.4 million in Q4 2025, and returned $119.1 million to shareholders through share repurchases in 2025, representing about 29% of annual free cash flow[5][16]. - Talos's capital allocation framework expects to allocate up to 50% of annual free cash flow to share repurchases, with a remaining authorization of approximately $81 million as of December 31, 2025[5][17]. Impairments and Charges - The company recorded a non-cash impairment charge of $170.4 million in Q4 2025 due to lower average oil prices, which does not impact cash flows[5][20]. - The impairment of oil and natural gas properties for Q4 2025 was $170,392 thousand, contributing to the overall net loss[82]. - The company reported an impairment of oil and natural gas properties of $454.5 million for the year ended December 31, 2025[62]. Debt and Liquidity - Total debt as of December 31, 2025, was $1,250.0 million, with net debt at $887.2 million, resulting in a net debt to pro forma LTM adjusted EBITDA ratio of 0.7x[32]. - Cash on hand as of December 31, 2025, was $362.8 million, providing total liquidity of $965.4 million[32]. - Long-term debt remained stable at approximately $1.23 billion in both 2025 and 2024, showing no significant change[58]. Assets and Equity - Total current assets rose to $841.3 million in 2025, compared to $659.4 million in 2024, reflecting an increase of 27.6%[58]. - Talos Energy's stockholders' equity decreased to $2.17 billion in 2025 from $2.76 billion in 2024, a decline of 21.4%[58]. - The company’s total assets decreased to $5.55 billion in 2025 from $6.19 billion in 2024, a decline of 10.4%[58]. Other Financial Metrics - Adjusted General & Administrative Expenses for the year ended December 31, 2025, were $134.0 million, compared to $155.4 million in 2024, reflecting a decrease of 13.8%[65]. - The company had a net cash increase of $224.6 million for the year ended December 31, 2025, compared to an increase of $78.4 million in 2024[62]. - Depreciation, depletion, and amortization expenses for the year ended December 31, 2025, were $1.2 billion, up from $1.1 billion in 2024[62].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): February 24, 2026 Arcosa, Inc. | __________________________________________ | | --- | | (Exact name of registrant as specified in its charter) | | | | (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 500 N. Akard Street, Suite 400 Dall ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________________ FORM 10-K _________________________ (Mark One) S ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 Registrant's telephone number, including area code Securities registered pursuant to Section 12(b) of the Act: | Class A Common Stock of Evolent Health, Inc., par value $0.01 per share | EVH | New York Stock Exchange | | --- | --- | --- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 28, 2025 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number 001-41721 CAVA Group, Inc. (Exact name of registrant as specified in its charter) Delaware 47-3426661 (State or other juris ...

Hippo Reports Fourth Quarter 2025 Financial Results February 25, 2026 SAN JOSE, Calif. (PRNewswire) -- Hippo Holdings Inc. (NYSE: HIPO), a technology-native insurance platform driving growth across owned and partner MGAs, announced its consolidated financial results including diluted earnings per share of $0.23 and diluted adjusted earnings per share of $0.67 for the quarter ended December 31, 2025. Fourth Quarter Highlights 2025 Full Year Highlights "We closed 2025 with strong momentum, evidenced by our 40 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number: 1-6948 SPX Technologies, Inc. (Exact name of registrant as specified in its charter) Delaware 88-3567996 (State or other jurisdiction of ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K þ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to _______________ Commission File Number: 001-38823 HYLIION HOLDINGS CORP. (Exact name of registrant as specified in its charter) | Delaware ...