Talos Energy reports Q2 adjusted EPS (27c), consensus

Reports Q2 revenue $424.72M, consensus $439.56M. “We continued to deliver on our commitments this quarter, with Adjusted EBITDA and Adjusted Free Cash Flow exceeding consensus estimates,” said Paul Goodfellow, President and Chief Executive Officer of Talos. “This strong performance enabled us to repurchase 3.8 million shares for approximately $33 million, reflecting our continued commitment to returning capital to shareholders while also increasing our cash position to $357 million. Operationally, we reached several key milestones this quarter, including first production from our Katmai West #2 and Sunspear wells, the resumption of drilling at the high-impact Daenerys prospect, and continued advancement of our Monument development. We exited the second quarter with a solid financial foundation, including a leverage ratio of approximately 0.7x and total liquidity of approximately $1.0 billion.”