NYSE$TALO

Talos Energy Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Talos Energy's financial performance remained solid, driven by the ongoing integration of the EnVen transaction and increased oil and liquids exposure.

Talos Energy reported a net income of $13.7 million, or $0.11 per diluted share, and revenue of $367.2 million for the second quarter of 2023. The company drilled a successful commercial discovery at the Sunspear prospect and announced a transaction with Grupo Carso, selling a 49.9% interest in Talos Mexico for approximately $125 million.

  • Drilled a successful commercial discovery at the Talos-operated Sunspear prospect.
  • Announced a transaction with Grupo Carso, selling a 49.9% interest in Talos Energy Mexico for approximately $125 million.
  • Filed first EPA Class VI permit for carbon sequestration.
  • Repurchased 1.5 million shares of common stock for $20.9 million.

Headline financials

Total Revenue

$367M

Previous: $519M-29.3%
EPS (adj)

$0.09

Previous: $1.20-92.5%
Capital Expenditures

-$299M

Previous: -$128M-133.2%
Free Cash Flow

-$285M

Previous: $67.1M-525.0%
Net Income

$13.7M

Previous: $195M-93.0%
Operating Income

$40.4M

Previous: $276M-85.4%
Gross Profit

$367M

Previous: $519M-29.3%
Cash & Equivalents

$17.5M

Previous: $108M-83.8%
Total Assets

$4.81B

Previous: $2.86B+67.8%
Stock-Based Comp

$4.75M

Previous: $4.05M+17.3%

Revenue & EPS history

Talos Energy · Revenue · Quarterly

$367M

Q2 2023-29.3%vs Q2 2022
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

Talos Energy is focused on scaling up the development of its existing TLCS portfolio and accelerating its growth.

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 Q2 2023

Historical avgQ2 2023

-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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