Talos Energy Stock Price, News & Analysis

Talos Energy (NYSE: TALO) has unveiled an enhanced corporate strategy focusing on becoming a leading pure-play offshore exploration and production company. Under new CEO Paul Goodfellow's leadership, the strategy rests on three pillars: improving operations to target $100 million in increased annualized cash flow by 2026, growing production through high-margin projects and strategic acquisitions, and building a scaled portfolio in the Gulf of America and other offshore basins. The company commits to a disciplined capital allocation framework, promising to return up to 50% of annual free cash flow to shareholders while maintaining a long-term leverage target of 1.0x or lower. This strategic shift aligns with anticipated market trends showing offshore basins playing an increasing role in global oil production.

Talos Energy (NYSE: TALO) has announced a key management change with Gregory M. Babcock appointed as Interim Chief Financial Officer, effective June 28, 2025. Babcock, currently serving as Vice President and Chief Accounting Officer, will replace departing CFO Sergio L. Maiworm Jr., who is pursuing a new opportunity. Maiworm will continue in his role until June 27, 2025. Babcock brings over 17 years of industry experience and has been with Talos since 2014. The company has initiated a search for a permanent CFO and emphasized that this transition is not related to any financial reporting or internal control issues. Importantly, Talos has reaffirmed its production guidance for Q2 2025 and its operational and financial guidance for full-year 2025.

Talos Energy (NYSE: TALO) reported its Q1 2025 financial results with record production of 100.9 MBoe/d (68% oil, 78% liquids). The company posted a net loss of $9.9 million ($0.05 per share) but achieved Adjusted EBITDA of $363.0 million and Adjusted Free Cash Flow of $194.5 million. Key operational highlights include completion of Sunspear discovery and Katmai West #2 well, both expected to start production in late Q2 2025. The company maintains strong financial health with $203.0 million cash, an undrawn credit facility, and liquidity of $960.2 million. Talos repurchased 2.3 million shares for $22.0 million and increased its stock repurchase authorization to $200 million. For Q2 2025, production guidance is set at 92.0-96.0 MBoe/d, while maintaining full-year 2025 guidance of 90.0-95.0 MBoe/d.

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.