TALOS ENERGY INC. (TALO) Form 10-Q — Nov 3, 2026
Talos Energy posted Q3 2026 revenue of $596.0 million, up 32% from $450.1 million a year ago, as realized oil prices jumped to $87.19 per Bbl from $65.32. The company still reported a net loss of $81.1 million ($0.49 per share), an improvement from the prior-year $95.9 million loss, but the quarter absorbed $120.6 million in price risk management losses and a $37.4 million loss on debt extinguishment. The quarter featured major portfolio moves: Talos closed the $419.7 million Coulomb and Na Kika acquisition from Shell, redeemed its $625 million 9.000% notes with $800 million of new 8.000% notes due 2034, and saw its bank borrowing base raised from $700 million to $850 million.
Key figures
- Revenue
- 595991000
- Revenue Yoy
- Q3 2026 total revenue $596.0M vs $450.1M prior year (+32%); nine-month $1,733.1M vs $1,387.8M
- Total Assets
- 5702176000
- Cash Position
- 410155000
- Shares Outstanding
- 165791747
- Borrowing base
- $850.0 million (increased from $700.0 million)
- Senior notes 8pct
- $800.0 million issued; $625.0 million of 9.000% notes redeemed at 104.5%
- Derivative loss q3
- 120576000
- Q3 production MBoepd
- 91.5
- Share repurchases q3
- $23.6 million (1.4 million shares); $176.4 million remaining
- Impairment nine month
- 145018000
- Surety bonds outstanding
- $1.6 billion
- Oil realized price per bbl
- 87.19
- Loss on debt extinguishment
- 37389000
- Coulomb na kika purchase price
- $419.7 million
- Operating cash flow nine month
- 800432000
AI analysis
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