Every 10-Q that Talos Energy, Inc. (TALO) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow TALO and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full TALO filings page.
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 Inc. reported a first-quarter 2026 net loss of $256.2 million, compared with a $9.9 million loss a year earlier. Revenue declined to $472.3 million from $513.1 million as production fell to 88.8 MBoepd from 100.9 MBoepd, mainly due to declines at Brutus and Galapagos. Results were heavily impacted by a $145.0 million ceiling-test impairment of U.S. oil and gas properties and $173.5 million of losses on commodity derivatives. Despite the loss, Talos generated $174.0 million of operating cash flow, spent $152.4 million on capital, and ended the quarter with $386.4 million of cash and no revolver borrowings. The company also sold a 30.1% stake in Talos Mexico for $49.7 million and continued share repurchases, buying 2.7 million shares for $38.2 million.
Talos Energy (TALO) reported a Q3 2025 net loss of $95.9 million as lower revenue and non-cash charges weighed on results. Total revenue was $450.1 million, down from $509.3 million a year ago, while depreciation and a $60.2 million ceiling-test impairment drove an operating loss. For the nine months, Talos recorded a $291.7 million net loss, including $284.1 million of impairments.
Liquidity improved with cash and cash equivalents at $332.7 million and strong operating cash flow of $734.0 million year-to-date. Total debt remained at $1.25 billion (9.000% 2029 and 9.375% 2031 notes). The borrowing base and commitments under the bank facility were set to $700.0 million on August 4, 2025. Asset retirement obligations totaled $1.23 billion.
Talos advanced portfolio moves: additional Monument and Mississippi Canyon interests closed in 2025, and it recognized expense after derecognizing a $12.5 million TLCS deferred payment. Shares outstanding were 169,988,772 as of October 29, 2025.