Talos Energy demonstrated strong financial and operational performance in the second quarter, with significant progress on strategic initiatives and a strengthened balance sheet. However, the company faced challenges including a significant noncash impairment and a temporary operational setback at the Sunspear well. Despite these lowlights, the company's achievements and strategic focus provide a positive outlook.

Company Guidance -

Q3 2025

In the Talos Energy second quarter 2025 earnings conference call, the company provided guidance on several key metrics, highlighting a strategic plan to enhance financial performance. Talos aims to generate an additional $100 million in annual free cash flow starting in 2026, with $25 million in contributions anticipated by the end of 2025. Second quarter production averaged 93,300 barrels of oil equivalent per day, with adjusted EBITDA reaching $294 million, translating to an adjusted EBITDA netback margin of approximately $35 per barrel of oil equivalent. Capital expenditures for the quarter were $126 million, alongside $29 million spent on plugging and abandonment activities, resulting in an adjusted free cash flow of $99 million. Additionally, Talos repurchased 3.8 million shares for $33 million, with total repurchases under the program reaching $100 million. The company's leverage ratio was reduced to 0.7x, and liquidity increased to $1 billion. Talos revised its 2025 capital expenditure guidance to a range of $590 million to $650 million, reflecting better-than-expected drilling efficiencies and a reduction in operating expense guidance by $25 million due to early savings initiatives. The company expects full-year production to range between 91,000 and 95,000 barrels of oil equivalent per day, with third-quarter production anticipated between 86,000 and 90,000 barrels per day.

Strong Second Quarter Results

Talos Energy outperformed consensus estimates for adjusted EBITDA with $294 million, driven by cost savings initiatives and strong operational execution.

Production and Cash Flow Improvements

Second quarter production averaged 93,300 barrels of oil equivalent per day, with oil making up 69% of the total. Adjusted free cash flow for the quarter was $99 million.

Strategic Initiatives for Future Growth

Talos identified initiatives to generate $100 million of additional free cash flow annually starting in 2026. Approximately $25 million in contributions are anticipated by the end of 2025.

Balance Sheet Strengthening

Talos reduced its leverage ratio to 0.7x and increased its cash balance by 75% from the first quarter to $357 million, maintaining $1 billion in liquidity.

Operational Excellence and Safety

Significant operational milestones were achieved, including successful projects at Katmai West and Sunspear, highlighting strong safety and environmental performance.

Talos Energy (TALO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TALO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 11, 2025	2025 (Q3)	-0.40 / -	-0.14	―	―	―
Aug 06, 2025	2025 (Q2)	-0.26 / -0.27	0.03	-1000.00% (-0.30)
May 05, 2025	2025 (Q1)	-0.10 / 0.06	-0.13	146.15% (+0.19)
Feb 26, 2025	2024 (Q4)	-0.07 / 0.08	-0.01	900.00% (+0.09)
Nov 11, 2024	2024 (Q3)	-0.06 / -0.14	0.15	-193.33% (-0.29)
Aug 07, 2024	2024 (Q2)	-0.07 / 0.03	0.09	-66.67% (-0.06)
May 06, 2024	2024 (Q1)	-0.13 / -0.13	-0.01	-1200.00% (-0.12)
Feb 29, 2024	2023 (Q4)	0.17 / -0.01	0.2	-105.00% (-0.21)
Nov 06, 2023	2023 (Q3)	0.19 / 0.15	0.75	-80.00% (-0.60)	―
Aug 08, 2023	2023 (Q2)	0.21 / 0.09	1.2	-92.50% (-1.11)	―

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

TALO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$7.79	$7.85	+0.77%
May 05, 2025	$7.07	$7.38	+4.38%
Feb 26, 2025	$8.68	$9.14	+5.30%
Nov 11, 2024	$11.77	$11.97	+1.70%

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.

FAQ

When does Talos Energy (TALO) report earnings?

Talos Energy (TALO) is schdueled to report earning on Nov 11, 2025, After Close (Confirmed).

What is Talos Energy (TALO) earnings time?

Talos Energy (TALO) earnings time is at Nov 11, 2025, After Close (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 2025 (Q3) is -0.4.

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