Talos Energy (TALO) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

May 11, 2026

After Close (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

-0.37

Last Year’s EPS

0.06

Same Quarter Last Year

Analyst Consensus

Strong Buy

Based on 5 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 24, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call communicated strong operational and financial performance in 2025: robust adjusted EBITDA (~$1.2B), meaningful adjusted free cash flow (~$418M), aggressive cost reductions (~30% below offshore peers), material efficiency improvements (~$72M realized vs $25M target), a healthy balance sheet (0.7x leverage, ~$1B liquidity), and clear progress on growth projects (Tarantula debottlenecking, Monument, Daenerys appraisal, lease additions). Near-term headwinds include a non-cash $170M impairment driven by lower trailing prices, the Genovese well outage that reduced Q4 volumes and will depress early-2026 production, and planned maintenance/weather-related downtime that contributes to 2026 guidance being below 2025 production. On balance, the positives—strong cash generation, advantaged cost structure, reserve/resource upside, capital returns, and clear project pipeline—outweigh the near-term operational and commodity-related negatives, leaving an overall constructive outlook.

Company Guidance

For 2026 Talos guided capital (ex‑P&A) of $500–$550 million (≈60% operated / 40% non‑op), P&A of $100–$130 million, and ~10% of the budget to exploration (including the Daenerys appraisal); production is forecast at 85,000–90,000 boe/d (62,000–66,000 bbls oil/d) with oil ≈73% of the mix, while planned maintenance is expected to reduce annual production by ~6,000 boe/d (including ~2,000 boe/d from Genovese shut in H1) plus a 4,000 boe/d contingency for weather/unplanned downtime. Hedging covers ~29,000 bbl/d in Q1 at a ~ $63/bbl floor (~47% of Q1 oil at midpoint) and ~23,000 bbl/d for the year with floors >$61 (~36% of annual oil at midpoint). Key timing: Brutus reactivation begins Q2 (three wells expected online by YE‑2026, fourth in early‑2027), Genovese to return early H2, and Monument is slated to spud in March with both wells to be completed and first oil by year‑end (20,000 bbl/d committed capacity); management expects a higher 2026 year‑end exit rate than 2025 and retains ~ $1.0 billion liquidity and 0.7x leverage (credit facility extended to 2030 with a $700M borrowing base).

Strong Operational Safety and Environmental Performance

No serious injuries in 2025 and a spill rate significantly below industry averages, underscoring strong safety and environmental stewardship.

Production and Operational Deliverables

Average production in 2025 of ~95,000 boe/d; Q4 2025 average ~89,000 boe/d (including ~65,000 bbl/d oil). First production achieved at Sunspear and Katmai West #2. Tarantula facility capacity expanded to 35,000 boe/d and debottlenecked to ~38,000 boe/d with minimal capital outlay. Cardona and CPN wells drilled ahead of schedule and under budget; Katmai West #1 ranks among top 10 producing wells in the Gulf Of America.

Material Free Cash Flow and Capital Return

Generated approximately $418 million of adjusted free cash flow in 2025 and ~$1.2 billion of adjusted EBITDA. Returned roughly 44% of adjusted free cash flow to shareholders via share repurchases and reduced outstanding share count by ~7%.

Cost Structure and Margins

Operating costs in 2025 were on average ~30% lower than the offshore peer group average, supporting top-decile EBITDA margins across the E&P sector.

Strategic Efficiency Improvements

Delivered approximately $72 million in free cash flow improvements in 2025 (initial target $25 million); roughly half of the $72 million is structural/recurring and half was one-time, providing ongoing cost momentum into 2026.

Strong Balance Sheet and Liquidity

Year-end leverage of ~0.7x, total liquidity of approximately $1 billion, no near-term debt maturities, borrowing base reaffirmed at $700 million and credit facility extended to 2030.

Reserves and Resource Upside

Proved reserves: 175 million boe (~75% oil) with PV-10 of ~$3.2 billion. Probable reserves: 103 million boe with PV-10 ~$2.3 billion, implying ~ $5.5 billion 2P value. Trailing three-year reserve replacement ratio ~140% of production. Added >300 million barrels gross unrisked prospect potential across new amplitude-supported Miocene and Wilcox opportunities (~~2x current proved reserve base).

Near-Term Growth Projects and Portfolio Additions

Monument working interest increased by ~21% to ~30% (Beacon-operated project with firm committed capacity of 20,000 bbl/d; planned March rig mobilization and wells to be drilled back-to-back). Appraisal for Daenerys planned for 2026. Named apparent high bidder on 11 leases (8 awarded to date) from December lease sale (~$15 million). 2026 CapEx guidance (ex P&A) of $500–$550 million with ~10% allocated to exploration and P&A guidance of $100–$130 million.

Hedging Program to Stabilize Near-Term Cash Flow

Q1 2026 hedges of ~29,000 bbl/d with a floor of ~ $63/bbl (~47% of expected Q1 oil production). Full-year 2026 hedges of ~23,000 bbl/d (~36% of expected annual oil production) with floors above ~$61/bbl.

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

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TALO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 11, 2026	2026 (Q1)	-0.37 / -	0.06	―	―	―
Feb 24, 2026	2025 (Q4)	-0.32 / -0.44	0.08	-650.00% (-0.52)
Nov 05, 2025	2025 (Q3)	-0.37 / -0.19	-0.14	-35.71% (-0.05)
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)

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
Feb 24, 2026	$13.13	$11.33	-13.71%
Nov 05, 2025	$9.56	$9.78	+2.30%
Aug 06, 2025	$7.79	$7.85	+0.77%
May 05, 2025	$7.07	$7.38	+4.38%

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 Inc (TALO) report earnings?

Talos Energy Inc (TALO) is schdueled to report earning on May 11, 2026, After Close (Confirmed).

What is Talos Energy Inc (TALO) earnings time?

Talos Energy Inc (TALO) earnings time is at May 11, 2026, After Close (Confirmed).

Where can I see when companies are reporting earnings?

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What companies are reporting earnings today?

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What is TALO EPS forecast?

TALO EPS forecast for the fiscal quarter 2026 (Q1) is -0.37.