TALOS ENERGY INC.

Talos Energy Inc. announced the results of its 2026 Annual Meeting of Stockholders, where all proposals were approved. Key approvals included the Second Amended and Restated Talos Energy Inc. 2021 Long Term Incentive Plan (A&R LTIP), which increases the number of shares available for issuance by 4,500,000 to a total of 16,939,415. Additionally, six director nominees were elected, the named executive officers' compensation for fiscal year 2025 was approved on an advisory basis, and Ernst & Young LLP was ratified as the independent auditor for fiscal year 2026. The Board's size was also reduced from seven to six directors.

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.

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.