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Talos Energy Inc (TALO)
NYSE:TALO
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Earnings Data
Report Date
Mar 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
>-0.01Last Year’s EPS
-0.01Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2018
|% Change Since: -7.39%
|Next Earnings Date:Aug 06, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted Talos Energy's strong operational performance with record production and financial achievements despite challenging weather conditions. The company made significant progress in debt reduction and continued to focus on high-impact projects. However, the call also addressed internal control weaknesses and a CEO transition, which could indicate a period of strategic reassessment. Overall, the positive financial and operational outcomes outweighed the challenges discussed.Company Guidance
During the Talos Energy Q3 2024 earnings call, the company provided comprehensive guidance on its operational and financial performance. Talos reported another consecutive quarter of record production at 96,500 barrels of oil equivalent per day, consisting of 70% oil and 80% total liquids. Despite disruptions from multiple hurricanes, production was at the high end of the guidance range. The company achieved an EBITDA of $324 million, equating to an EBITDA netback margin of approximately $37 per BOE, slightly lower quarter-over-quarter due to lower oil prices. Capital expenditures, excluding plugging and abandonment, were $119 million, leading to a positive free cash flow of $122 million. This free cash flow enabled Talos to pay down $100 million of debt, reducing its leverage ratio to 0.9, thus achieving its leverage target of 1 or below ahead of schedule. Additionally, Talos continues to focus on realizing synergies from the QuarterNorth acquisition, with expected cost savings of $65 million by 2025. The company also highlighted its robust drilling program for 2024 and 2025, utilizing the Seadrill West Vela drillship and the Transocean Deepwater Conquer rig, with key projects including the Katmai West #2 and Daenerys wells.Record Production Despite Challenges
Talos reported a consecutive quarter of record production totaling 96,500 barrels of oil equivalent per day, despite disruptions from four named hurricanes affecting the Gulf of Mexico.
Strong Financial Performance
EBITDA reported at $324 million with a netback margin of $37 per BOE. Additionally, $122 million of positive free cash flow was generated, allowing the company to pay down $100 million of debt.
Debt Reduction Achievements
Talos reduced its leverage ratio to 0.9, achieving its target of 1 or below ahead of schedule, and plans to fully repay the revolver by year-end.
Significant Discoveries and Projects
Talos logged approximately 127 feet of net pay at Ewing Bank 953, with an estimated recoverable resource potential of 15 to 25 million barrels of oil equivalent. The Katmai West #2 well and other projects are underway with significant resource potential.
Wilcox Trend Opportunities
The company highlighted growth opportunities in the Wilcox trend with a significant acreage position and new developments like the Monument discovery, which is expected to contribute to future production.
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TALO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TALO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 11, 2024 | $11.77 | $11.97 | +1.70% |
| Aug 07, 2024 | $10.31 | $12.06 | +16.97% |
| May 06, 2024 | $13.35 | $12.77 | -4.34% |
| Feb 29, 2024 | $13.00 | $13.19 | +1.46% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Talos Energy Inc (TALO) report earnings?
Talos Energy Inc (TALO) is schdueled to report earning on Mar 12, 2025, TBA Not Confirmed.
What is Talos Energy Inc (TALO) earnings time?
Talos Energy Inc (TALO) earnings time is at Mar 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TALO EPS forecast?
TALO EPS forecast for the fiscal quarter 2024 (Q4) is >-0.01.
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