Talos Energy (NYSE:TALO) Q4 2025 Earnings call February 25, 2026 10:00 AM ET Company ParticipantsClay Johnson - VP of Investor RelationsNate Pendleton - VPNoel Parks - Managing Director of CleanTech and E and PPaul Goodfellow - President and CEOZachary B. Dailey - EVP and CFOConference Call ParticipantsGreta Drefke - Equity Research AnalystMichael Scialla - Managing Director and Energy Equity Research AnalystPaul Diamond - VP and Equity Research AnalystTim Rezvan - Managing Director and Senior Equity Resear ...

Talos Energy (NYSE:TALO) Q4 2025 Earnings call February 25, 2026 10:00 AM ET Company ParticipantsClay Johnson - VP of Investor RelationsNate Pendleton - VPNoel Parks - Managing Director of CleanTech and E and PPaul Goodfellow - President and CEOZachary B. Dailey - EVP and CFOConference Call ParticipantsGreta Drefke - Equity Research AnalystMichael Scialla - Managing Director and Energy Equity Research AnalystPaul Diamond - VP and Equity Research AnalystTim Rezvan - Managing Director and Senior Equity Resear ...

Talos Energy (NYSE:TALO) Q4 2025 Earnings call February 25, 2026 10:00 AM ET Speaker2Good morning, ladies and gentlemen, and welcome to the Talos Energy fourth quarter and full year 2025 earnings conference call. At this time, all lines are in a listen-only mode. Following the presentation, we'll conduct a question-and-answer session. If at any time during this call you require immediate assistance, please press *0 for the operator. This call is being recorded today, February 25, 2026. I would now like to t ...

4Q 2025 Earnings Conference Call & Webcast February 25, 2026 www.talosenergy.com NYSE: TALO 1 Cautionary Statements Cautionary Statements The information in this presentation includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). All statements, other than statements of historical fact included in this presentation, regarding our strategy ...

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].

Exhibit 99.1 Talos Energy Announces Fourth Quarter and Full-Year 2025 Results Houston, Texas, February 24, 2026 – Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today announced its operational and financial results for the three and twelve months ended December 31, 2025. Talos also announced its year-end 2025 reserves and 2026 operational and financial guidance. Fourth Quarter 2025 Highlights (1) Please see "Supplemental Non-GAAP Information" for details and reconciliations of GAAP to non-GAAP fi ...

Talos Energy Announces Fourth Quarter and Full-Year 2025 Results [Accessibility Statement] Skip NavigationHOUSTON, Feb. 24, 2026 /PRNewswire/ -- Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today announced its operational and financial results for the three and twelve months ended December 31, 2025. Talos also announced its year-end 2025 reserves and 2026 operational and financial guidance.Fourth Quarter 2025 Highlights- Named apparent high bidder on 11 blocks at the Gulf of America Lease Sale ...

Core Viewpoint - Talos Energy Inc. has successfully entered into an Amended and Restated Credit Agreement, reaffirming its borrowing base at $700 million and extending the maturity date to January 20, 2030, which reflects the company's commitment to financial flexibility and strategic investment [1][2]. Financial Position - The reaffirmation of the borrowing base and the maturity extension demonstrate the quality of Talos's asset base and its disciplined capital allocation strategy [2]. - The company aims to maintain a resilient balance sheet to navigate commodity price cycles and invest in high-return projects [1]. Strategic Focus - Talos Energy is focused on maximizing long-term value through its Exploration & Production business in the United States Gulf of America and offshore Mexico [3]. - The company leverages decades of technical and operational expertise to acquire, explore, and produce assets while emphasizing safe and efficient operations, environmental responsibility, and community impact [3].

Core Viewpoint - Harbour Energy has been appointed as the operator of the Zama oil field in Mexico, following the agreement of project partners Pemex, Grupo Carso, and Talos Energy [1] Company Summary - Harbour Energy is focused on the North Sea and has expanded its operations by taking on the role of operator for the Zama oil field [1] - The appointment reflects a collaborative agreement among key industry players, including Pemex, Grupo Carso, and Talos Energy [1] Industry Summary - The Zama oil field is a significant project in the Mexican oil sector, indicating ongoing investment and development in the region [1] - The collaboration among multiple companies highlights the trend of partnerships in the oil and gas industry to enhance operational efficiency and resource management [1]

Group 1 - The articles express personal opinions and do not constitute investment recommendations [2][3] - The authors have beneficial long positions in certain stocks, indicating potential bias in their analysis [1] - There is a disclaimer that past performance is not indicative of future results, emphasizing the need for individual due diligence [3]