Talos Energy Announces Third Quarter 2026 Operational and Financial Results
Talos Energy reported Q3 2026 revenue of $596.0 million with production of 68.5 MBo/d and 91.5 MBoe/d exceeding guidance, aided by strong base performance and contributions from the Shell deepwater acquisition completed September 22 for a $420 million net cash price. The company posted a GAAP net loss of $81.2 million ($0.49 per diluted share) driven largely by a $120.6 million derivative fair value loss, but adjusted net income was $99.3 million ($0.58/share) with Adjusted EBITDA of $406.1 million and Adjusted Free Cash Flow of $186.3 million.
Key figures
- Revenue
- 595991000
- Guidance
- Revised FY2026 production raised to 68-70 MBo/d and 92.5-94.5 MBoe/d (from 62-66 MBo/d and 85-90 MBoe/d); capex lowered to $475-525M from $500-550M; Hurricane Isaias expected to reduce Q4 production by ~7 MBoe/d
- Cash
- 410200000
- Capex
- 127900000
- Adjusted eps
- 0.58
- Adjusted fcf
- 186300000
- Buyback value
- $23.6 million
- Borrowing base
- $850 million
- Buyback shares
- 1.4 million
- Adjusted ebitda
- 406100000
- Adjusted net income
- 99300000
- Oil production mbo d
- 68.5
- Net debt to ltm ebitda
- 0.6x
- Shell acquisition price
- $420 million
- Total production mboe d
- 91.5
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