NYSE$TALO

Talos Energy Inc · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Talos Energy reported its operational and financial results for the fourth quarter of 2024.

Talos Energy had a strong fourth quarter in 2024, with production of 98.7 MBoe/d and a net loss of $64.5 million. The company successfully drilled the Katmai West #2 well ahead of schedule and under budget, and paid off its credit facility, reducing leverage to 0.8x.

  • Production reached 98.7 MBoe/d, with 70% oil and 79% liquids.
  • Adjusted EBITDA was $361.8 million.
  • The company achieved an Adjusted Free Cash Flow of $164.0 million.
  • Talos paid off its credit facility balance, bringing leverage to 0.8x.

Headline financials

Total Revenue

$485M

Previous: $385M+26.0%
EPS (adj)

$0.08

Previous: -$0.01+900.0%
Capital Expenditures

-$154M

Previous: -$194M+20.6%
Net Income

-$64.5M

Previous: $85.9M-175.1%
Operating Income

$27.2M

Previous: $34.7M-21.8%
Gross Profit

$69.7M

Previous: $75M-7.0%

Revenue & EPS history

Talos Energy · Revenue · Quarterly

$485M

Q4 2024+26%vs Q4 2023
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

Talos Energy expects full-year 2025 production to range from 90.0 to 95.0 MBoe/d, with a focus on free cash flow generation and advancing key drilling projects.

Tailwinds

  • First quarter 2025 production is estimated between 99.0 to 101.0 MBoe/d, with 68% oil volumes.
  • Full year 2025 production is expected to be 90.0 to 95.0 MBoe/d, consisting of 69% oil and 79% liquids.
  • The company aims to prioritize free cash flow generation.
  • Key drilling projects are expected to drive future shareholder value creation.
  • Paul Goodfellow will join as President and CEO, bringing extensive deepwater expertise.

Headwinds

  • Planned downtime for facility and downstream maintenance activities, including Katmai, Pompano, and Brutus.
  • Third-party pipeline maintenance is anticipated.
  • Potential expected but unplanned downtime due to unforeseen risks.
  • Weather-related disruptions could impact production.
  • The guidance considers facility rate constraints for new discoveries like Monument.

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 Q4 2024

Historical avgQ4 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

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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