Quarterly ResultMay 6, 2026, 06:09 AM
Talos Energy Q1 Net Loss $(256.0M); $145M Impairment Charge
AI Summary
Talos Energy reported a significant net loss of $(256.0) million for Q1 2026, a substantial increase from $(9.9) million in Q1 2025, primarily due to a $145.0 million impairment of oil and natural gas properties and a $(173.5) million loss from price risk management activities. Total revenues decreased to $472.3 million from $513.1 million year-over-year. The company also saw a decrease in cash flow from operating activities and an increase in capital expenditures.
Key Highlights
- Net loss attributable to Talos Energy Inc. was $(256.2) million, up from $(9.9) million YoY.
- Impairment of oil and natural gas properties totaled $145.0 million in Q1 2026.
- Total revenues decreased to $472.3 million from $513.1 million in Q1 2025.
- Loss from price risk management activities was $(173.5) million, up from $(15.9) million YoY.
- Basic loss per share was $(1.52), compared to $(0.05) in Q1 2025.
- Net cash provided by operating activities decreased to $174.0 million from $268.2 million YoY.
- Exploration, development, and other capital expenditures increased to $152.4 million.
- Purchased $38.2 million of treasury stock in Q1 2026.
Price Impact
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