Quarterly ResultMay 6, 2026, 06:09 AM
Talos Energy Q1 Net Loss $256.2M; Production 88.8 MBoe/d
AI Summary
Talos Energy announced its first quarter 2026 operational and financial results, reporting a Net Loss of $256.2 million, which included a $145.0 million non-cash ceiling test impairment. Despite the loss, the company achieved strong operational performance with total equivalent production of 88.8 MBoe/d, exceeding guidance, and generated $113.2 million in Adjusted Free Cash Flow. Talos also repurchased $38.2 million in shares and increased its share repurchase authorization to $200 million, while reiterating its full-year 2026 guidance.
Key Highlights
- Net Loss was $256.2 million ($1.52 per diluted share), including $145.0 million non-cash impairment.
- Adjusted Net Loss was $11.3 million ($0.07 per diluted share).
- Total equivalent production was 88.8 MBoe/d, exceeding first quarter guidance ranges.
- Generated Adjusted Free Cash Flow of $113.2 million.
- Repurchased 2.7 million shares for $38.2 million in Q1 2026.
- Board of Directors approved an increase in share repurchase authorization to $200 million.
- Adjusted EBITDA was $293.4 million.
- Net Debt to Last Twelve Months Adjusted EBITDA was 0.8x as of March 31, 2026.
- Reiterated full-year 2026 production guidance of 85-90 MBoe/d.