NYSE$TALO
Talos Energy Inc · Q4 2025 earnings
Q4 2025 earnings · · After market close · Investor relations
Briefing
Talos Energy reported Q4 2025 revenue of $392.2M and a net loss of $202.6M, or $1.19 diluted EPS, including ceiling-test impairments.
For the quarter ended December 31, 2025, Talos reported total revenues of $392.2 million and a net loss attributable to Talos of $202.6 million ($1.19 per diluted share), reflecting $170.4 million of non-cash full-cost ceiling impairments. Adjusted net loss was $76.5 million ($0.44 per share). Production averaged 89.2 MBoe/d; adjusted EBITDA was $240.1 million and adjusted free cash flow was $21.3 million. The company repurchased 1.5 million shares for $16.4 million in the quarter.
- Q4 revenue $392.2M; net loss $202.6M driven by $170.4M ceiling-test impairment.
- Production 89.2 MBoe/d; adjusted EBITDA $240.1M; adjusted FCF $21.3M.
- 2025 adjusted FCF $417.7M; share repurchases $119.1M for the year.
- 2026 guidance targets $100M Optimal Performance Plan cash enhancements and Daenerys appraisal.
Headline financials
Revenue & EPS history
Talos Energy · Revenue · Quarterly
$392M
Forward guidance
Management guides 2026 production growth, continued share repurchases (up to 50% of annual FCF), and appraisal of the Daenerys discovery; capital program emphasizes high-return development and acreage additions.
Tailwinds
- Net debt to LTM adjusted EBITDA 0.7x; credit facility extended to 2030.
- Optimal Performance Plan exceeded 2025 target ($72M vs $25M goal).
- Tarantula throughput record 38 Mboe/d; Cardona online early 2026.
Headwinds
- Non-cash ceiling impairments tied to trailing commodity prices.
- Genovesa shut-in ~3 Mboe/d until Q3 2026 workover.
- GAAP losses mask underlying cash generation volatility.
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 2025
-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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