Strong Financial Performance
Talos Energy Inc. reported record EBITDA of $362 million for the fourth quarter, with an EBITDA netback margin of about $40 per barrel of oil equivalent. The company also achieved record production of 98.7 thousand barrels of oil equivalent per day in Q4 2024.
Debt Reduction and Cash Position
The company fully repaid its credit facility in 2024, reducing its leverage ratio to 0.8 times net debt to EBITDA, and ended the year with a cash position of $108 million.
Successful Drilling Operations
The drilling of the Katmai West number two well was completed 35% under budget and over a month ahead of schedule, demonstrating operational efficiency.
Reserves and Acquisition Impact
Talos Energy Inc.'s proved reserves increased to 194 million barrels of oil equivalent, with a PV-10 value of $4.2 billion. The acquisition of QuarterNorth in 2024 added more scale and infrastructure to the company's portfolio.
Safety and Regulatory Compliance
The company maintained an outstanding safety record with approximately 6.6 million man-hours worked and completed 3 million man-hours since the last reportable incident.