TALOS ENERGY INC. (TALO) Form 8-K — Nov 3, 2026
Talos Energy reported Q3 2026 production of 91.5 MBoe/d (68.5 MBo/d oil), beating guidance on 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/share) driven by non-cash derivative losses and tax items, but delivered Adjusted Net Income of $99.3 million ($0.58/share) and Adjusted EBITDA of $406.1 million with $186.3 million of Adjusted Free Cash Flow.
Key figures
- Revenue
- 595991000
- Guidance
- FY2026 production guidance raised to 68-70 MBo/d (92.5-94.5 MBoe/d) from 62-66 MBo/d (85-90 MBoe/d); capex lowered to $475-525 million from $500-550 million
- Total Debt
- 1425000000
- Revenue Yoy
- Q3 2026 total revenues of $595.991 million vs $450.053 million in Q3 2025 (~+32%)
- Cash Position
- 410155000
- Shares Offered
- 0
- Capex
- $127.9 million
- Net Debt
- $1,014.8 million
- Liquidity
- $1,076.3 million
- Borrowing Base
- $850 million (undrawn)
- Production Boe
- 91.5 MBoe/d (75% oil)
- Production Oil
- 68.5 MBo/d
- Adjusted EBITDA
- $406.1 million ($435.9 million excluding hedges)
- Net Debt Leverage
- 0.6x LTM Adjusted EBITDA
- Share Repurchases
- 1.4 million shares for $23.6 million in Q3; ~$176 million authorization remaining
- Adjusted Net Income
- $99.3 million ($0.58/diluted share)
- Operating Cash Flow
- $325.8 million
- Adjusted Free Cash Flow
- $186.3 million
- Shell Acquisition Price
- $420 million final net cash purchase price
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