TALOS ENERGY INC. (TALO) SEC Filings

TALOS ENERGY INC. (TALO) reported that Vice President and Chief Accounting Officer Gregory Babcock sold 61,307 shares of common stock in an open-market or private transaction on August 27, 2026, at a weighted average price of $16.74 per share, with individual sale prices ranging from $16.73 to $16.81. Following this sale, Babcock directly holds 84,509 shares of Talos Energy common stock.

TALOS ENERGY INC. (TALO) insider John B. Spath, Executive Vice President and Head of Operations, reported selling 90,000 shares of common stock on 2026-08-27 in an open-market or private transaction at a weighted average price of $16.90 per share, with individual sale prices ranging from $16.79 to $16.96. After this sale, he directly holds 178,788 shares of Talos Energy common stock.

TALOS ENERGY INC. (TALO) has a notice of proposed sale filed under Rule 144 on behalf of officer Gregory M. Babcock. The filing covers the potential sale of 60,770 shares of common stock of Talos Energy Inc. through Fidelity Brokerage Services LLC.

The shares, with an aggregate market value of $1,017,254.70, are part of a position in a company with 166,965,468 common shares outstanding. The securities to be sold were acquired over time through restricted stock vesting as compensation from May 2019 through July 2026.

TALOS ENERGY INC. (TALO) received a notice that an officer, John B. Spath, plans to sell common stock under Rule 144 through Fidelity Brokerage Services LLC. The notice covers 90,000 shares of Talos common stock to be sold on the NYSE, with an aggregate market value of $1,521,141.91 at the time of filing.

The shares relate to multiple restricted stock vesting events granted by the issuer as compensation, including tranches vesting on dates from March 5, 2024 through March 11, 2026 in amounts ranging from a few hundred shares to over 30,000 shares.

Talos Energy Inc., an offshore oil and gas producer focused on the U.S. Gulf of Mexico and Mexico, reported markedly improved results for the three months ended June 30, 2026. Total revenues were $664.8 million versus $424.7 million a year earlier, and the company generated net income of $149.9 million, or $0.88 diluted EPS, compared with a prior-year loss. For the first six months of 2026, revenues reached $1.14 billion, but after a $145.0 million impairment of U.S. oil and gas properties, Talos recorded a net loss of $106.1 million.

Operating cash flow for the first half of 2026 was $474.6 million, funding $254.0 million of exploration, development and other capital expenditures and allowing cash and restricted cash to rise to $654.6 million at June 30, 2026. Total debt remained $1.25 billion in senior secured notes, while asset retirement obligations totaled $1.39 billion. The company utilizes oil and gas swaps and costless collars, with first-half 2026 derivative settlements using $96.6 million of cash and mark-to-market losses of $143.0 million.

Strategically, Talos agreed to acquire a 50% interest in the Coulomb Field and a 25% interest in the Na Kika platform and related fields for $850.0 million (net to Talos), subject to purchase price adjustments and closing conditions. It subsequently issued $800.0 million of 8.000% second-priority senior secured notes due 2034 and redeemed all $625.0 million of its 9.000% notes due 2029. The company also sold down its equity stake in the Zama project vehicle TEM 7 for $49.7 million in cash plus contingent payments, entered into new offshore Mexico and Honduras ventures, and divested non-core Shelf and Gulf Coast properties for consideration of approximately $22.6 million.

Talos Energy reported strong second quarter 2026 results, with total revenues of $664,813 (thousands) and net income attributable to Talos Energy Inc. of $149,667 (thousands), or $0.88 per diluted share. Adjusted Net Income was $97,777 (thousands), and Adjusted EBITDA attributable to Talos was $402,180 (thousands). Adjusted Free Cash Flow before working capital changes reached $231,577 (thousands).

Average production was 93.7 MBoe/d (73% oil, 81% liquids), including 68.6 MBo/d, with average realized prices of $99.47/Bbl for oil and $77.95/Boe overall. Lease operating expense was $18.25/Boe and Adjusted G&A was $4.32/Boe. At June 30, 2026, Talos had cash of $577,587 (thousands), total debt of $1,250,000 (thousands), Net Debt of $672,413 (thousands), and Net Debt to LTM Adjusted EBITDA of 0.5x, with liquidity of about $1,181,900 (thousands).

Strategically, Talos announced a Gulf of America deepwater asset acquisition from Shell (expected to close in the third quarter), closed a non-core shelf divestment eliminating about $54,000 (thousands) of ARO and decommissioning obligations, and entered an 80% operated offshore Honduras block exceeding 4 million gross acres. The company increased full-year 2026 production guidance to 64–68 MBo/d and 87–91 MBoe/d, maintained capital guidance, refinanced with $800,000 (thousands) of 8.000% notes due 2034 while redeeming $625,000 (thousands) of 9.000% notes due 2029, upsized its credit facility to $850,000 (thousands) effective upon acquisition close, and refreshed its share repurchase authorization to $200,000 (thousands).

BlackRock, Inc. reports an ownership stake in Talos Energy Inc. common stock on an amended Schedule 13G. BlackRock and its reporting business units beneficially own 19,470,315 Talos shares, representing 11.7% of the common stock.

BlackRock has sole voting power over 19,278,671 shares and sole dispositive power over the full 19,470,315 shares, with no shared voting or dispositive power. Various underlying clients and accounts may receive dividends or sale proceeds, but no single person has more than 5% of Talos’s outstanding common shares.

Talos Energy Inc. amended its senior credit agreement in connection with its planned Block 29 offshore Mexico project. The Second Amendment permits restricted foreign subsidiaries to incur up to $350 million of project financing debt for Mexican assets, including an incremental $50 million that must be borrowed by the Block 29 entity on a non‑recourse basis and is excluded from Consolidated Total Debt calculations. It also raises the maximum Consolidated Total Debt to EBITDAX Ratio used to test certain Block 29 investments, from 1.25 to 1.50, for investments made before December 31, 2027.

Separately, a Talos subsidiary agreed to farm into the Block 29 development operated by Repsol, acquiring a 50% working interest. Consideration includes a contingent $30 million payment at final investment decision, a cash carry of up to $20 million on the next exploration well, and reimbursement of specified pre‑closing costs. Block 29, containing the Polok and Chinwol discoveries, is estimated to hold more than 200 MMBoe of gross recoverable resources, and the partners expect to progress the project toward final investment decision in 2027, subject to Mexican regulatory approvals.

Talos Energy Inc. completed a new debt financing as Talos Production Inc. issued $800,000,000 aggregate principal amount of 8.000% Second-Priority Senior Secured Notes due July 15, 2034. The notes are guaranteed by Talos Energy and certain subsidiaries and are secured on a second-priority basis by liens on substantially the same collateral as the company’s senior reserve-based revolving credit facility.

Talos plans to use the net proceeds primarily to fund part of the cash consideration for its pending Gulf of America Acquisition, redeem all outstanding 9.000% Second-Priority Senior Secured Notes due 2029, and pay related fees and expenses, with any remaining proceeds for general corporate purposes. In connection with closing, the issuer redeemed the 9.000% notes at 104.500% of principal plus accrued and unpaid interest.

The 2034 Notes bear interest at 8.000% per annum, payable semi-annually on January 15 and July 15, beginning January 15, 2027. Terms include optional redemption provisions, a $175,000,000 special mandatory redemption tied to completion of the Gulf of America Acquisition or exercise of BP’s preferential right (with a December 31, 2026 Outside Date), a change-of-control repurchase right at 101% of principal, and customary covenants and events of default.