Welcome to our dedicated page for Talos Energy news (Ticker: TALO), a resource for investors and traders seeking the latest updates and insights on Talos Energy stock.
Talos Energy (TALO) is an independent offshore energy specialist focused on exploration and production in the US Gulf of Mexico and offshore Mexico. This page provides investors and industry professionals with comprehensive access to the company's latest news and official communications.
Track all material developments through verified press releases, operational updates, and strategic announcements. Our curated collection includes earnings reports, partnership agreements, asset acquisitions, and technology initiatives directly from Talos Energy's corporate communications.
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Bookmark this page for convenient access to critical information that impacts understanding of Talos Energy's market position and operational strategy. Check regularly for new developments in offshore energy exploration and production.
Talos Energy (NYSE: TALO) has scheduled its first quarter 2025 earnings release for Monday, May 5, 2025, after market close. The company will host a conference call and webcast on Tuesday, May 6, 2025, at 10:00 AM Eastern Time (9:00 AM Central Time) to discuss the results for the period ended March 31, 2025.
Investors can access the conference call through a webcast on Talos's website or by dialing (800) 836-8184 (North American toll-free) or (646) 357-8785 (international). A replay will be available for one week until May 13, 2025, accessible by dialing (888) 660-6345 with access code 14247#.
Talos Energy (NYSE: TALO) reported its Q4 and full-year 2024 results, with Q4 production reaching 98.7 MBoe/d (70% oil, 79% liquids) and full-year production at 92.6 MBoe/d. The company posted a Q4 Net Loss of $64.5 million ($0.36 per share) but achieved Adjusted EBITDA of $361.8 million.
Key operational highlights include successful drilling of Katmai West #2 well, completed under budget and ahead of schedule, with over 400 feet of hydrocarbon pay. Year-end 2024 proved reserves stood at 194.2 MMBoe with a PV-10 value of $4.2 billion. The company generated Q4 Adjusted Free Cash Flow of $164.0 million and reduced leverage to 0.8x.
For 2025, Talos projects Q1 production of 99.0-101.0 MBoe/d and full-year production guidance of 90.0-95.0 MBoe/d. The company announced Paul Goodfellow will become CEO effective March 1, 2025, and agreed to sell an additional 30.1% interest in Talos Mexico to Grupo Carso for up to $82.7 million.
Talos Energy (NYSE: TALO) has announced it will release its fourth quarter 2024 financial results on February 26, 2025, after U.S. market close. The company will host a conference call and webcast on February 27, 2025, at 10:00 AM Eastern Time to discuss the results.
Investors can access the conference call through the company's website webcast link or by dialing (800) 836-8184 (North American toll-free) or (646) 357-8785 (international). A replay will be available for one week until March 6, 2025, accessible by dialing (888) 660-6345 with access code 46986#.
Talos Energy (NYSE: TALO) has appointed Paul Goodfellow as President, CEO, and Board Member, effective March 1, 2025. Goodfellow brings over thirty years of experience from Shell, where he held various senior executive positions, including leadership of Shell's global deepwater business and oversight of drilling operations. He previously served as Chairman of Shell Midstream Partners (formerly NYSE: SHLX) from October 2019 to August 2023.
In his new role, Goodfellow plans to focus his first 100 days on understanding the business, identifying key success drivers, and developing a new strategic plan with the leadership team. He holds a doctorate from the Camborne School of Mines and is a member of the Institute of Mining and Metallurgy and the Society of Petroleum Engineers.
Talos Energy (NYSE: TALO) announced successful drilling results at the Katmai West #2 well in the U.S. Gulf of Mexico. The well, completed under budget and ahead of schedule, reached a depth of 27,000 feet and discovered over 400 feet of gross hydrocarbon pay. Expected production is estimated at 15-20 thousand barrels of oil equivalent per day (MBoe/d) gross.
The success of both Katmai West wells has nearly doubled the Proved EUR to approximately 50 million barrels of oil equivalent (MMBoe) gross, supporting a total resource potential of about 100 MMBoe gross. Production is scheduled to begin in late Q2 2025, utilizing the Tarantula facility, which has been upgraded to handle 35 MBoe/d capacity. Talos holds a 50% working interest as operator, with Ridgewood Energy holding the remaining 50%.
Talos Energy (NYSE: TALO) announced the immediate resignation of Joseph A. Mills from his positions as Interim President, CEO, and Board member. The company has identified a finalist candidate for the permanent CEO position, expected to join by the end of Q1 2025.
Board Chairman Neal P. Goldman expressed confidence in the search process, emphasizing the importance of finding a leader aligned with the Board's strategic vision. The company confirmed that Mills's departure is unrelated to operational or accounting matters.
Talos also reiterated its 2024 production guidance of 91,000-94,000 barrels of oil equivalent per day, as previously announced on November 11, 2024.
Talos Energy (NYSE: TALO) has announced the sale of an additional 30.1% stake in its Mexican subsidiary to Zamajal for $82.7 million, comprising $49.7 million in cash at closing and $33.0 million upon first commercial production from the Zama Field. Following the transaction, Talos Mexico will be 20% owned by Talos Energy and 80% by Zamajal, with Talos Mexico holding a 17.4% interest in the Zama Field.
The company expects to receive total contingent considerations of $82.9 million upon achieving commercial production from Zama Field. Additionally, Talos has entered into a cooperation agreement with Control Empresarial, limiting their stock acquisition to 25% through December 16, 2025. The company will also terminate its stockholder rights plan.
Talos Energy reported strong Q3 2024 results with production of 96.5 MBoe/d (70% oil, 80% liquids), at the high end of guidance. The company achieved revenue of $509.3 million and net income of $88.2 million ($0.49 per share). Key highlights include debt reduction of $100 million, bringing leverage to 0.9x, and improved 2024 production guidance of 91.0-94.0 MBoe/d. Talos commenced drilling at Katmai West #2, discovered commercial quantities at Ewing Bank 953, and acquired a 21.4% stake in Monument discovery. The company also successfully re-completed the Brutus A3 well with peak production over 30 MMcf/d.
Talos Energy (NYSE: TALO) has scheduled its third quarter 2024 earnings release for November 11, 2024, after market close. The company will host an earnings conference call on November 12, 2024, at 8:30 AM Eastern Time. The call will be accessible via webcast on the company's website or by phone. A replay will be available until November 19, 2024. Additionally, Talos representatives will attend the BofA Global Energy Conference in Houston on November 12 and the Stephens Investment Conference in Nashville on November 21.
Talos Energy Inc. (NYSE: TALO) has announced the adoption of a duration stockholder rights plan, effective immediately and set to expire on October 1, 2025. The plan was implemented in response to Control Empresarial De Capitales' accumulation of approximately 24% of Talos common stock. The Rights Plan aims to protect long-term stockholder interests and prevent future control efforts without appropriate premiums or Board consideration.
Key features of the Rights Plan include:
- One right issued for each current share of common stock
- Rights become exercisable if a person or group acquires 25% or more of common stock without Board approval
- Allows stockholders to purchase additional shares at a discount if rights are triggered
- Does not prevent fair offers or Board-approved proposals
The Board emphasizes its intent to continue working constructively with Control Empresarial while protecting all stockholders' interests.
