NYSE$TALO
Talos Energy Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Announced third quarter 2024 operational and financial results.
Talos Energy reported a strong third quarter in 2024, marked by record production of 96.5 MBoe/d, robust Adjusted EBITDA, and solid Adjusted Free Cash Flow, which enabled the company to reduce its debt and achieve a leverage of 0.9x.
- Achieved record production of 96.5 MBoe/d, at the high-end of third quarter 2024 guidance.
- Reduced debt by $100 million, bringing leverage to 0.9x.
- Commenced drilling at the high-impact Katmai West #2 well in the Gulf of Mexico.
- Discovered commercial quantities of oil and natural gas at the Ewing Bank 953 well.
Headline financials
Revenue & EPS history
Talos Energy · Revenue · Quarterly
$509M
Forward guidance
Talos Energy updated its 2024 operational and financial guidance, reflecting improved production estimates and reduced capital expenditures.
Tailwinds
- Improved average daily production guidance to 91.0 - 94.0 MBoe/d for the full year 2024.
- Capital Expenditures guidance was reduced significantly to $510 - $530 million.
- Talos expects to maintain a long-term leverage ratio below 1.0x.
- The company is focused on paying down the balance of its debt under the Bank Credit Facility by year end 2024.
- The company expects first production from the Katmai West #2 well in the second quarter 2025.
Headwinds
- P&A, Decommissioning range increased to $100 - $110 to reflect the acceleration of selected non-operated activities into 2024 from previously planned 2025.
- Total General & Administrative expenses, including both expense and capitalized costs, remains in line with prior guidance, but the expense range increased to $120 - $130 million.
- The West Vela is expected to commence drilling at Helms Deep in the third quarter 2025.
- First production from the Ewing Bank 953 well is expected in mid-2026.
- First production from the Monument discovery is expected by late 2026 under restricted flow.
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 Q3 2024
-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
| Quarter | Report date | Reaction (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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