Talos Energy reports news on its offshore exploration and production business in the United States Gulf of America and offshore Mexico. Recurring updates cover quarterly operating results, production and capital guidance, reserves, oil, natural gas and NGL sales, facility performance, and development activity tied to assets such as Tarantula, Katmai, Cardona, Zama and Daenerys.
Company news also includes Gulf of America lease awards and exploration prospects, balance-sheet actions such as credit-facility amendments, share repurchases, and portfolio changes involving Talos Mexico and the Zama Field. The company’s releases connect operating performance with offshore drilling, field development, commodity-price exposure and capital allocation.
Talos Energy (TALO) appointed Barbara Faulkenberry to its board of directors, effective October 1, 2026.
Her appointment will expand the board to seven directors. Faulkenberry previously served six years on Callon Petroleum's board, including on its audit and compensation committees. She retired from the U.S. Air Force in 2014 as a major general.
Talos Energy (TALO) has closed its previously announced acquisition of Gulf of America deepwater oil assets from Shell Offshore, alongside an affiliate of Ridgewood Energy Corporation, for a final net cash purchase price of $420 million, including a previously escrowed $42.5 million deposit, subject to customary post-closing adjustments.
The acquired package includes a 50% working interest and operatorship in the Coulomb field and a 25% non-operated working interest in the BP-operated Na Kika platform and four associated fields. Talos stated that these oil-weighted assets are expected to enhance scale, free cash flow generation, margins and infrastructure-led growth opportunities in the Gulf of America. Third quarter 2026 results will include contributions from the acquired assets from closing through quarter-end, with full consolidation beginning in the fourth quarter of 2026, and updated full-year 2026 guidance will be issued with the third quarter earnings release.
Talos plans to release third quarter 2026 results on Tuesday, November 3, 2026 after the U.S. market close and will host a conference call on Wednesday, November 4, 2026 at 10:00 AM Eastern Time, accessible via webcast and dial-in numbers.
Talos Energy (NYSE:TALO) reported second quarter 2026 production of 68.6 MBo/d and 93.7 MBoe/d, above guidance, on strong uptime and well performance. Total revenues were $664.8 million, Net Income attributable to Talos was $149.7 million ($0.88 per diluted share), Adjusted Net Income was $97.8 million ($0.57 per diluted share), and Adjusted EBITDA reached $402.2 million. Operating cash flow was $300.6 million and Adjusted Free Cash Flow was $231.6 million, after $112.5 million of capital expenditures.
Talos ended the quarter with $577.6 million of cash, total liquidity of approximately $1.18 billion, total debt of $1.25 billion and Net Debt to LTM Adjusted EBITDA of 0.5x. The company raised full-year 2026 production guidance to 64–68 MBo/d and 87–91 MBoe/d (excluding the pending Gulf of America acquisition), closed a non-core shelf divestment eliminating about $54 million of ARO and decommissioning obligations, issued $800 million of 8.000% notes due 2034 to redeem $625 million of 9.000% 2029 notes and help fund the Gulf of America bolt-on acquisition, secured an upsized $850 million credit facility effective at closing, expanded exploration exposure through a Repsol farm-in in Mexico’s Block 29 and an 80% operated interest in an offshore Honduras block, and reset its share repurchase authorization to $200 million.
Talos Energy (NYSE:TALO) agreed to farm into the Repsol-operated Block 29 development offshore Mexico, acquiring a 50% working interest. Consideration includes a contingent $30 million payment at final investment decision (FID), a cash carry of up to $20 million on the next exploration well, and reimbursement of certain pre-closing costs.
Block 29, in the Salinas-Sureste Basin, contains the Polok and Chinwol oil discoveries, estimated at more than 200 MMBoe of gross recoverable resources, plus multiple exploration prospects. The partners plan an FPSO-based hub development and expect to progress toward FID in 2027. Closing is subject to Mexican energy and antitrust approvals, after which Talos and Repsol will be the sole participants in the block.
Talos Energy (NYSE:TALO) will release its second quarter 2026 results for the period ended June 30, 2026 after U.S. market close on Tuesday, August 4, 2026. The company will host an earnings conference call and live webcast on Wednesday, August 5, 2026 at 10:00 AM ET (9:00 AM CT), with phone and webcast access plus a replay available through August 12, 2026.
Talos Energy (NYSE:TALO) priced an Offering of $800 million in new 8.000% Second-Priority Senior Secured Notes due 2034 through subsidiary Talos Production.
According to Talos, net proceeds will help fund its pending Gulf of America acquisition, redeem 9.000% 2029 notes, and cover related fees. Closing is expected around July 13, 2026. Up to $175 million of the notes may be subject to special mandatory redemption if the acquisition is not completed or certain preferential rights are exercised.
Talos Energy (NYSE:TALO) launched an offering of $800 million Second-Priority Senior Secured Notes due 2034 through Talos Production. Proceeds are intended to help fund a pending Gulf of America acquisition, redeem existing 9.000% 2029 notes, and cover related fees and expenses.
If the acquisition is not completed by December 31, 2026 or certain conditions occur, $175 million of the new notes will be subject to a special mandatory redemption at 100% of principal plus accrued interest.
Talos Energy (NYSE:TALO) agreed to acquire deepwater Gulf of America assets from Shell for $850 million gross, with expected net cash consideration of $450–$500 million(1). Assets include a 50% operated interest in Coulomb and a 25% non-operated interest in BP’s Na Kika platform and four fields.
The package adds about 16 MBoe/d Q1 2026 production (~77% oil), 23 MMBoe proved and 10 MMBoe probable reserves. Talos secured $150 million of extra lender commitments, raising its borrowing base to $850 million, with closing targeted by late 2026, subject to regulatory and preferential-right conditions.
Talos Energy (NYSE: TALO) reported Q1 2026 results: production 88.8 MBoe/d (63.8 MBo/d oil), net cash from operations $174.0M, Adjusted Free Cash Flow $113.2M and Adjusted EBITDA $293.4M. Talos recorded a $145.0M non-cash ceiling test impairment and reported GAAP net loss of $256.2M.
Q1 capex was $118.9M. Cash totaled $386.4M, Net Debt/LTM Adj. EBITDA was 0.8x. Board increased buyback authorization to $200M; repurchased 2.7M shares for $38.2M.
Talos Energy (NYSE: TALO) will release first quarter 2026 results for the period ended March 31, 2026, on May 5, 2026 after U.S. market close. Talos will host a live earnings conference call on May 6, 2026 at 10:00 AM ET with a webcast and dial-in options.
Listeners can access the webcast via the company website, dial (800) 836-8184 (North America) or (646) 357-8785 (international). A replay will be available until May 13, 2026 via (888) 660-6345 using access code 27677#.