Talos Energy Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Talos Energy Inc reported revenue of $1.8B (-9.8% year on year) and net income of ($604.5M) (-746.7% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenues | $1.8B | $2.0B | $1.5B | $1.7B |
| Total revenues | $1.8B | $2.0B | $1.5B | $1.7B |
| Lease operating expense | $546.7M | $566.0M | $389.6M | $308.1M |
| Production taxes | $418.0K | $1.4M | $2.5M | $3.5M |
| Depreciation, depletion and amortization | $1.1B | $1.0B | $663.5M | $414.6M |
| Impairment of oil and natural gas properties | $454.5M | — | $0 | $0 |
| Accretion expense | $125.3M | $117.6M | $86.2M | $56.0M |
| General and administrative expense | $155.4M | $201.5M | $158.5M | $99.8M |
| Other operating (income) expense | $1.8M | ($109.5M) | ($52.2M) | $33.9M |
| Total operating expenses | $2.3B | $1.8B | $1.2B | $915.9M |
| Operating income (expense) | ($560.3M) | $172.9M | $209.8M | $736.1M |
| Interest expense | ($163.4M) | ($187.6M) | ($173.1M) | ($125.5M) |
| Price risk management activities income (expense) | $105.5M | ($1.5M) | $80.9M | ($272.2M) |
| Equity method investment income (expense) | ($1.8M) | ($10.3M) | ($3.2M) | $14.2M |
| Other income (expense) | $15.5M | ($44.9M) | $12.4M | $31.8M |
| Net income (loss) before income taxes | ($604.5M) | ($71.4M) | $126.7M | $384.5M |
| Income tax benefit (expense) | $109.2M | ($5.0M) | $60.6M | ($2.5M) |
| Net income (loss) | ($495.3M) | — | — | — |
| Net income (loss) attributable to noncontrolling interest | ($1.0M) | — | — | — |
| Net income (loss) attributable to Talos Energy Inc. | ($494.3M) | ($76.4M) | $187.3M | $381.9M |
| Basic | -$2.82 | -$0.44 | $1.56 | $4.63 |
| Diluted | -$2.82 | -$0.44 | $1.55 | $4.56 |
| Basic | 175.1M | 175.6M | 119.9M | 82.5M |
| Diluted | 175.1M | 175.6M | 120.8M | 83.7M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Revenues | $664.8M | $472.3M | $450.1M | $424.7M |
| Total revenues | $664.8M | $472.3M | $450.1M | $424.7M |
| Lease operating expense | $155.7M | $129.0M | $133.7M | $137.0M |
| Production taxes | $103.0K | $43.0K | $87.0K | $130.0K |
| Depreciation, depletion and amortization | $229.4M | $230.4M | $262.6M | $269.7M |
| Impairment of oil and natural gas properties | $0 | $145.0M | $60.2M | $223.9M |
| Accretion expense | $35.9M | $34.9M | $30.8M | $32.0M |
| General and administrative expense | $44.6M | $41.0M | $41.5M | $39.4M |
| Other operating (income) expense | $902.0K | $11.3M | $7.3M | ($3.9M) |
| Total operating expenses | $466.6M | $591.7M | $536.2M | $698.3M |
| Operating income (expense) | $198.2M | ($119.4M) | ($86.2M) | ($273.6M) |
| Interest expense | ($39.2M) | ($39.2M) | ($40.8M) | ($40.8M) |
| Price risk management activities income (expense) | $30.5M | ($173.5M) | $4.2M | $86.9M |
| Equity method investment income (expense) | ($113.0K) | $6.7M | $639.0K | ($186.0K) |
| Other income (expense) | $5.2M | $4.2M | $2.1M | $5.4M |
| Net income (loss) before income taxes | $194.7M | ($321.3M) | ($120.1M) | ($222.4M) |
| Income tax benefit (expense) | ($44.8M) | $65.3M | $24.2M | $36.4M |
| Net income (loss) | $149.9M | ($256.0M) | ($95.9M) | — |
| Net income (loss) attributable to noncontrolling interest | $222.0K | $161.0K | ($3.0K) | — |
| Net income (loss) attributable to Talos Energy Inc. | $149.7M | ($256.2M) | ($95.9M) | ($185.9M) |
| Basic | $0.90 | -$1.52 | -$0.55 | -$1.05 |
| Diluted | $0.88 | -$1.52 | -$0.55 | -$1.05 |
| Basic | 167.0M | 168.4M | 173.3M | 177.4M |
| Diluted | 170.1M | 168.4M | 173.3M | 177.4M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $362.8M | $108.2M | $33.6M | $44.1M |
| Accounts receivable, net | $323.1M | — | — | — |
| Assets from price risk management activities | $54.4M | $33.5M | $36.2M | $25.0M |
| Prepaid assets | $83.1M | $77.5M | $64.4M | $84.8M |
| Other current assets | $17.9M | $36.0M | $10.4M | $1.9M |
| Total current assets | $841.3M | $659.4M | $422.2M | $367.8M |
| Proved properties | $10.6B | $9.8B | $7.9B | $6.0B |
| Unproved properties, not subject to amortization | $480.6M | $587.2M | $268.3M | $154.8M |
| Other property and equipment | $22.6M | $35.1M | $34.0M | $30.7M |
| Total property and equipment | $11.1B | $10.4B | $8.2B | $6.1B |
| Accumulated depreciation, depletion and amortization | ($6.7B) | ($5.2B) | ($4.2B) | ($3.5B) |
| Total property and equipment, net | $4.4B | $5.2B | $4.0B | $2.6B |
| Restricted cash | $76.2M | $106.3M | $102.4M | — |
| Assets from price risk management activities | $0 | $253.0K | $17.6M | $7.9M |
| Equity method investments | $112.4M | $111.3M | $146.0M | $1.7M |
| Other well equipment | $49.3M | $58.3M | $54.3M | $25.5M |
| Notes receivable, net | $19.6M | $17.7M | $16.2M | — |
| Operating lease assets | $9.2M | $11.3M | $11.4M | $5.9M |
| Other assets | $6.4M | $12.0M | $6.0M | $6.5M |
| Total assets | $5.6B | $6.2B | $4.8B | $3.1B |
| Accounts payable | $93.0M | $117.1M | $84.2M | $128.2M |
| Accrued liabilities | $290.2M | $326.9M | $227.7M | $219.8M |
| Accrued royalties | $59.8M | $77.7M | $55.1M | $52.2M |
| Current portion of asset retirement obligations | $112.5M | $97.2M | $77.6M | $39.9M |
| Liabilities from price risk management activities | $6.7M | $6.5M | $7.3M | $68.4M |
| Accrued interest payable | $49.0M | $49.1M | $42.3M | $36.3M |
| Current portion of operating lease liabilities | $3.7M | $3.8M | $2.7M | $1.9M |
| Other current liabilities | $29.9M | $44.9M | $48.8M | $60.4M |
| Total current liabilities | $644.7M | $723.1M | $578.6M | $607.1M |
| Long-term debt | $1.2B | $1.2B | $992.6M | $585.3M |
| Asset retirement obligations | $1.2B | $1.1B | $819.6M | $501.8M |
| Liabilities from price risk management activities | $0 | $3.5M | $795.0K | $7.9M |
| Operating lease liabilities | $12.0M | $15.5M | $18.2M | $14.9M |
| Other long-term liabilities | $281.4M | $416.0M | $251.3M | $176.2M |
| Total liabilities | $3.4B | $3.4B | $2.7B | $1.9B |
| Preferred stock; $0.01 par value; 30,000,000 shares authorized and zero shares issued or outstanding as of December 31, 2025 and 2024, respectively | 0 | 0 | 0 | 0 |
| Common stock; $0.01 par value; 270,000,000 shares authorized; 188,530,052 and 187,434,908 shares issued as of December 31, 2025 and 2024, respectively | 1.9M | 1.9M | 1.3M | 826.0K |
| Additional paid-in capital | $3.3B | $3.3B | $2.5B | $1.7B |
| Accumulated deficit | ($918.4M) | ($424.1M) | ($347.7M) | ($535.0M) |
| Treasury stock, at cost; 20,015,369 and 7,417,385 shares as of December 31, 2025 and 2024, respectively | -212.1M | -92.7M | -47.5M | — |
| Total Talos Energy Inc. stockholders' equity | $2.2B | $2.8B | $2.2B | $1.2B |
| Noncontrolling interest | $139.0K | — | — | — |
| Total equity | $2.2B | — | — | — |
| Total liabilities and stockholdersʼ equity | $5.6B | $6.2B | $4.8B | $3.1B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $577.6M | $386.4M | $332.7M | $357.3M |
| Accounts receivable, net | $330.3M | $341.3M | $332.6M | — |
| Assets from price risk management activities | $28.8M | $21.7M | $50.3M | $61.5M |
| Prepaid assets | $141.8M | $80.7M | $93.0M | $64.3M |
| Other current assets | $17.1M | $17.3M | $2.3M | $14.6M |
| Total current assets | $1.1B | $847.5M | $810.9M | $870.6M |
| Proved properties | $10.9B | $10.8B | $10.3B | $10.1B |
| Unproved properties, not subject to amortization | $447.0M | $468.7M | $502.8M | $543.0M |
| Other property and equipment | $22.9M | $22.7M | $40.5M | $35.2M |
| Total property and equipment | $11.4B | $11.3B | $10.9B | $10.7B |
| Accumulated depreciation, depletion and amortization | ($7.3B) | ($7.1B) | ($6.3B) | ($6.0B) |
| Total property and equipment, net | $4.1B | $4.2B | $4.6B | $4.7B |
| Restricted cash | $77.0M | $76.6M | $75.7M | $32.6M |
| Equity method investments | $44.7M | $44.8M | $111.6M | $112.6M |
| Other well equipment | $61.5M | $47.9M | $65.0M | $65.4M |
| Notes receivable, net | $20.7M | $20.1M | $19.1M | $18.7M |
| Operating lease assets | $8.3M | $8.7M | $9.7M | $10.4M |
| Other assets | $33.8M | $33.3M | $8.5M | $10.2M |
| Total assets | $5.4B | $5.3B | $5.7B | $5.9B |
| Accounts payable | $87.8M | $108.7M | $80.1M | $105.4M |
| Accrued liabilities | $225.2M | $205.1M | $297.8M | $302.6M |
| Accrued royalties | $99.2M | $73.5M | $69.8M | $66.3M |
| Current portion of asset retirement obligations | $153.2M | $113.0M | $116.4M | $128.0M |
| Liabilities from price risk management activities | $27.5M | $127.2M | $9.3M | $10.0M |
| Accrued interest payable | $49.2M | $20.1M | $20.2M | $49.0M |
| Current portion of operating lease liabilities | $3.9M | $3.7M | $3.7M | $3.8M |
| Other current liabilities | $33.4M | $55.7M | $39.9M | $47.0M |
| Total current liabilities | $679.5M | $707.0M | $637.1M | $712.1M |
| Long-term debt | $1.2B | $1.2B | $1.2B | $1.2B |
| Asset retirement obligations | $1.2B | $1.3B | $1.1B | $1.1B |
| Operating lease liabilities | $10.1M | $11.0M | $12.9M | $13.8M |
| Other long-term liabilities | $240.9M | $198.2M | $327.4M | $352.9M |
| Total liabilities | $3.4B | $3.4B | $3.3B | $3.4B |
| Preferred stock; $0.01 par value; 30,000,000 shares authorized and zero shares issued or outstanding as of June 30, 2026 and December 31, 2025, respectively | 0 | 0 | 0 | 0 |
| Common stock; $0.01 par value; 270,000,000 shares authorized; 189,641,450 and 188,530,052 shares issued as of June 30, 2026 and December 31, 2025, respectively | 1.9M | 1.9M | 1.9M | 1.9M |
| Additional paid-in capital | $3.3B | $3.3B | $3.3B | $3.3B |
| Accumulated deficit | ($1.0B) | ($1.2B) | ($715.8M) | ($619.9M) |
| Treasury stock, at cost; 22,676,655 and 20,015,369 shares as of June 30, 2026 and December 31, 2025, respectively | -250.3M | -250.3M | -195.7M | -147.4M |
| Total Talos Energy Inc. stockholders' equity | $2.0B | $1.9B | $2.4B | $2.5B |
| Noncontrolling interest | $522.0K | $300.0K | $1.2M | — |
| Total equity | $2.0B | $1.9B | $2.4B | — |
| Total liabilities and equity | $5.4B | $5.3B | $5.7B | $5.9B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income (loss) | ($495.3M) | ($76.4M) | $187.3M | $381.9M |
| Depreciation, depletion, amortization and accretion expense | $1.2B | $1.1B | $749.7M | $470.6M |
| Impairment of oil and natural gas properties | $454.5M | — | — | — |
| Amortization of deferred financing costs and original issue discount | $8.4M | $9.3M | $15.0M | $14.4M |
| Equity-based compensation expense | $18.4M | $14.5M | $13.0M | $16.0M |
| Price risk management activities (income) expense | ($105.5M) | $1.5M | ($80.9M) | $272.2M |
| Net cash received (paid) on settled derivative instruments | $81.5M | $4.7M | ($9.5M) | ($425.6M) |
| Equity method investment (income) expense | $1.8M | $10.3M | $3.2M | ($14.2M) |
| Loss (gain) on extinguishment of debt | $0 | $60.3M | $0 | $1.6M |
| Settlement of asset retirement obligations | ($117.8M) | ($108.8M) | ($86.6M) | ($69.6M) |
| Loss (gain) on sale of assets | $381.0K | $38.0K | — | — |
| Loss (gain) on sale of business | $0 | ($100.5M) | — | — |
| Accounts receivable | $85.5M | $8.6M | $20.4M | $14.9M |
| Other current assets | $15.9M | ($7.0M) | $7.1M | ($36.5M) |
| Accounts payable | ($22.8M) | ($3.8M) | ($60.4M) | $24.3M |
| Other current liabilities | ($66.6M) | $1.3M | ($97.0M) | $73.5M |
| Other non-current assets and liabilities, net | ($104.0M) | $7.5M | ($76.1M) | ($14.0M) |
| Net cash provided by (used in) operating activities | $935.8M | $962.6M | $519.1M | $709.7M |
| Exploration, development and other capital expenditures | ($481.9M) | ($508.9M) | ($561.4M) | ($323.2M) |
| Cash acquired in excess of payments for acquisitions | $1.7M | $0 | $17.6M | — |
| Payments for acquisitions, net of cash acquired | ($50.0M) | ($936.2M) | — | ($3.5M) |
| Proceeds from (cash paid for) sale of property and equipment, net | $1.7M | $1.2M | $73.0M | $1.9M |
| Contributions to equity method investees | ($4.6M) | ($23.0M) | ($29.4M) | ($2.3M) |
| Investment in intangible assets | $0 | $0 | ($12.4M) | — |
| Proceeds from sale of business | $0 | $146.7M | — | — |
| Other | ($13.7M) | — | — | — |
| Net cash provided by (used in) investing activities | ($546.7M) | ($1.3B) | ($512.6M) | ($312.0M) |
| Issuance of common stock | $0 | $387.7M | — | $0 |
| Issuance of senior notes | $0 | $1.3B | $0 | $0 |
| Redemption of senior notes | $0 | ($897.1M) | ($30.0M) | ($18.2M) |
| Proceeds from Bank Credit Facility | $0 | $880.0M | $825.0M | $85.0M |
| Repayment of Bank Credit Facility | $0 | ($1.1B) | ($625.0M) | ($460.0M) |
| Deferred financing costs | $0 | ($32.9M) | ($11.8M) | ($189.0K) |
| Other deferred payments | ($20.5M) | ($2.4M) | ($1.5M) | $0 |
| Payments of finance lease | ($19.6M) | ($17.8M) | ($16.3M) | ($25.5M) |
| Purchase of treasury stock | ($119.5M) | ($45.2M) | ($47.5M) | — |
| Employee stock awards tax withholdings | ($3.6M) | ($6.2M) | ($7.5M) | ($4.6M) |
| Distribution to noncontrolling interest | ($1.3M) | — | — | — |
| Net cash provided by (used in) financing activities | ($164.5M) | $436.1M | $85.4M | ($423.5M) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | $224.6M | $78.4M | $91.9M | ($25.7M) |
| Balance, beginning of period | $214.4M | $136.0M | $44.1M | $69.9M |
| Balance, end of period | $439.0M | $214.4M | $136.0M | $44.1M |
| Capital expenditures included in accounts payable and accrued liabilities | $84.7M | $85.5M | $115.0M | $105.8M |
| Interest paid, net of amounts capitalized | $118.0M | $130.8M | $130.3M | $91.8M |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income (loss) | ($106.1M) | ($256.0M) | ($291.7M) | ($195.8M) |
| Depreciation, depletion, amortization and accretion expense | $530.6M | $265.3M | $906.8M | $613.4M |
| Impairment of oil and natural gas properties | $145.0M | $145.0M | $284.1M | $223.9M |
| Amortization of deferred financing costs and original issue discount | $3.9M | $2.0M | $6.6M | $3.7M |
| Equity-based compensation expense | $11.7M | $5.3M | $13.5M | $8.5M |
| Price risk management activities (income) expense | $143.0M | $173.5M | ($75.2M) | ($71.0M) |
| Net cash received (paid) on settled derivative instruments | ($96.6M) | ($22.5M) | $55.1M | $38.5M |
| Equity method investment (income) expense | ($6.6M) | ($6.7M) | $37.0K | $676.0K |
| Settlement of asset retirement obligations | ($40.6M) | ($21.9M) | ($90.1M) | ($38.2M) |
| Loss (gain) on sale of assets | $1.6M | ($6.0K) | $210.0K | ($16.0K) |
| Accounts receivable | ($11.1M) | ($13.0M) | $71.7M | $63.9M |
| Other current assets | ($57.9M) | $3.0M | $7.9M | $24.4M |
| Accounts payable | $333.0K | $20.4M | ($27.5M) | ($2.5M) |
| Other current liabilities | $3.6M | ($41.6M) | ($67.1M) | ($9.2M) |
| Other non-current assets and liabilities, net | ($46.2M) | ($78.9M) | ($60.2M) | ($40.2M) |
| Net cash provided by (used in) operating activities | $474.6M | $174.0M | $734.0M | $619.9M |
| Exploration, development and other capital expenditures | ($254.0M) | ($152.4M) | ($361.6M) | ($276.1M) |
| Payments for acquisitions, net of cash acquired | ($3.1M) | $0 | ($43.9M) | ($14.8M) |
| Proceeds from (cash paid for) sale of property and equipment, net | $15.0M | $13.2M | $1.2M | $687.0K |
| Contributions to equity method investees | $0 | — | ($2.0M) | ($2.0M) |
| Proceeds from sale of equity method investments | $49.7M | $49.7M | — | — |
| Net cash provided by (used in) investing activities | ($192.5M) | ($89.6M) | ($404.7M) | ($292.3M) |
| Deferred financing costs | ($7.3M) | ($6.9M) | $0 | $0 |
| Other deferred payments | ($4.5M) | ($4.3M) | ($13.0M) | ($10.2M) |
| Payments of finance lease | ($10.5M) | ($5.2M) | ($14.5M) | ($9.6M) |
| Purchase of treasury stock | ($38.2M) | ($38.2M) | ($103.0M) | ($54.7M) |
| Employee stock awards tax withholdings | ($5.9M) | ($5.9M) | ($3.5M) | ($2.4M) |
| Net cash provided by (used in) financing activities | ($66.6M) | ($60.5M) | ($135.4M) | ($76.9M) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | $215.6M | $24.0M | $194.0M | $250.7M |
| Balance, beginning of period | $439.0M | $439.0M | $214.4M | $214.4M |
| Balance, end of period | $654.6M | $463.0M | $408.4M | $465.1M |
| Capital expenditures included in accounts payable and accrued liabilities | $60.0M | $50.2M | $70.3M | $48.9M |
| Interest paid, net of amounts capitalized | $57.6M | $57.7M | $117.8M | $59.8M |
Talos Energy Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.