NYSE$TALO

Talos Energy Inc · Q1 2026 earnings

Q1 2026 earnings · · Investor relations

Briefing

Talos Energy reported Q1 2026 upstream revenue of $472.3M but a net loss of $256.2M, or $1.52 diluted EPS, after a $145M ceiling-test impairment and derivative losses.

Talos posted total revenues of $472.3 million for the quarter ended March 31, 2026, down from $513.1 million a year ago on lower oil volumes and prices. A $145.0 million ceiling-test impairment, $173.5 million of price-risk management expense (mostly non-cash mark-to-market), and lower production drove a net loss attributable to Talos of $256.2 million, or $1.52 per diluted share, versus a $9.9 million loss in Q1 2025.

  • Total revenues $472.3M; production averaged 88.8 MBoepd (-12% YoY).
  • $145.0M ceiling-test impairment on oil and gas properties.
  • Price-risk management expense $173.5M including $151.1M unrealized derivative losses.
  • Net loss attributable to Talos $256.2M; diluted EPS $(1.52).

Headline financials

Total Revenue

$472M

Previous: $513M-7.9%
EPS (adj)

-$1.52

Previous: $0.45-437.8%
Capital Expenditures

-$152M

Previous: -$129M-18.2%
Net Income

-$256M

Previous: -$9.87M-2495.9%
Operating Income

-$119M

Previous: $43.5M-374.9%

Revenue & EPS history

Talos Energy · Revenue · Quarterly

$472M

Q1 2026-7.9%vs Q1 2025
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

The 10-Q does not provide numeric consolidated annual EPS guidance for TALO. Management commentary in MD&A covers costs, capital, and sector-specific risks.

Tailwinds

  • Management discusses operational priorities and liquidity in the quarterly filing.
  • Segment or product trends are disclosed where applicable to the business model.

Headwinds

  • Macro, input-cost, and interest-rate exposure can affect near-term results.
  • One-time items, impairments, or fair-value marks may distort quarterly comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

-0.3%

Avg return

Earnings day

+1.2%

Avg return

5 days after

+3.2%

Avg return

30 days after

47%

18 / 38 earnings

Positive

+19.2%

Q2 2024

Best reaction

-17.0%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.8%-7.5%-5.7%
Q4 2025-13.5%-1.8%+26.2%
Q3 2025+2.4%+11.5%+24.0%
Q1 2025+4.4%+14.6%+11.5%
Q4 2024+5.3%-2.3%+9.6%
Q3 2024+1.2%-4.6%-13.4%
Q2 2024+19.2%+18.3%+7.9%
Q1 2024-3.7%-5.8%-18.6%
Q4 2023-0.2%+0.3%+7.2%
Q3 2023-9.4%-8.5%-20.6%
Q2 2023+3.5%+3.2%+3.3%
Q1 2023-17.0%-13.2%+4.4%
Q4 2022-11.9%-7.7%-18.7%
Q3 2022-4.5%-0.0%-9.2%
Q2 2022+8.3%+9.6%+24.1%
Q1 2022+1.4%-10.7%+20.7%
Q4 2021+9.6%+33.1%+28.9%
Q3 2021-2.9%-1.7%-25.5%
Q2 2021-6.9%-2.0%+15.3%
Q1 2021+5.8%+6.5%+38.7%
Q4 2020+1.8%+11.3%-9.8%
Q3 2020-4.7%+9.6%+58.6%
Q2 2020-4.4%+7.2%-8.5%
Q1 2020+3.4%+4.2%+39.0%
Q4 2019-10.3%-1.1%-7.5%
Q3 2019+0.2%-1.6%+5.3%
Q2 2019+3.7%+4.8%+7.2%
Q1 2018-1.9%-3.2%-22.4%
Q1 2019-2.0%-4.6%-22.9%
Q4 2018+11.8%+10.5%+25.4%
Q1 2017+11.8%+12.3%+28.3%
Q3 2018+2.5%-8.7%-21.9%
Q3 2017+2.5%-8.7%-21.9%
Q4 2015-2.8%+0.1%-9.1%
Q4 2017-2.8%+0.1%-9.1%
Q4 2016-2.8%+0.1%-9.1%
Q2 2017-3.8%-8.0%-2.4%
Q2 2018-2.9%-8.0%-8.1%

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