Talos Energy
Produces oil and gas from deepwater hubs across the U.S. Gulf.
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Profile
Sells oil, natural gas and natural gas liquids from operated and partner-run offshore fields, with production concentrated in the U.S. Gulf. Deepwater hubs and subsea tiebacks anchor the portfolio, while commodity prices, shared infrastructure and decommissioning obligations shape cash generation.
Explores, develops and produces crude oil, natural gas and natural gas liquids through a single Upstream business centered on the U.S. Gulf. The portfolio spans operated and non-operated deepwater fields, production hubs and a smaller shelf position, with offshore Mexico investments and an early-stage Honduras exploration position.
Uses subsurface interpretation, subsea tiebacks and existing host facilities to bring discoveries online and extend mature fields, while acquisitions add producing assets and development inventory. Revenue comes from selling production, with oil providing most current volumes. Cash flow depends on commodity prices, facility and pipeline availability, partner execution and hurricane exposure. Federal and foreign offshore rules also govern leasing, drilling and financial assurance, while wells, platforms and pipelines carry plugging and decommissioning obligations.
Company facts
Key statistics
Year to date +48.2% · Average volume (30d) 1.9M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 1, 2026 | Roth Capital | Upgrade | Neutral | Buy | ||
| Jun 30, 2026 | Roth Capital | Reiterate | Buy | $17 | ||
| May 27, 2026 | Mizuho Securities | Target | $17 | $18 | ||
| May 6, 2026 | Mizuho Securities | Target | $14 | $17 | ||
| Apr 8, 2026 | Roth Capital | Downgrade | Buy | Neutral |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | $0.36 | $0.57 | +58.6% | $577.9M | $664.8M | +15.0% | −0.63% |
| May 5, 2026Q1 FY26 | −$0.09 | −$0.07 | +22.2% | $446.4M | $472.3M | +5.8% | −5.46% |
| Feb 24, 2026Q4 FY25 | −$0.32 | −$0.44 | −36.6% | $432.2M | $392.2M | −9.3% | −13.71% |
| Nov 5, 2025Q3 FY25 | −$0.35 | −$0.19 | +45.7% | $439.1M | $450.1M | +2.5% | +2.30% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $513.1M | $424.7M | $450.1M | $392.2M | $472.3M | $664.8M | |
| Gross profit | $104.4M | $17.9M | $53.6M | −$30.9M | $77.9M | $509.0M | |
| Operating income | $43.5M | −$273.6M | −$86.2M | −$73.6M | $25.6M | $198.2M | |
| Net income | −$9.9M | −$185.9M | −$95.9M | −$204.6M | −$256.2M | $149.7M | |
| Diluted EPS | −$0.05 | −$1.05 | −$0.55 | −$1.17 | −$1.52 | $0.88 | |
| Gross margin | 20.4% | 4.2% | 11.9% | -7.9% | 16.5% | 76.6% | |
| Operating margin | 8.5% | -64.4% | -19.1% | -18.8% | 5.4% | 29.8% |
Fiscal years (4-quarter sums)FY21 $1.24B · FY22 $1.65B · FY23 $1.46B · FY24 $1.97B · FY25 $1.78B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $577.6M · Total debt $1.24B · Total assets $5.43B · Shareholders' equity $2.03B
Dividends
No dividends on record.
Ownership
Shares outstanding 166.93M · Float 124.87M · 74.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Control Empresarial de Capitales S.A. de C.V. · 10 percent owner, other: Add'l Rep. Persons-see Ex.99-1 | 40.46M | 24.24% | Form 4 | May 22, 2026 |
| BlackRock, Inc. | 19.89M | 11.92% | 13F | Aug 7, 2026 |
| Dimensional Fund Advisors LP | 9.82M | 5.88% | 13F | Aug 11, 2026 |
| State Street Corp | 8.23M | 4.93% | 13F | Aug 7, 2026 |
| Sourcerock Group LLC | 6.90M | 4.13% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 20, 2026 | Empresarial de Capitales S.A. de C.V. Control | 10 percent owner, other: Add'l Rep. Persons-see Ex.99-1 | −339,568 | $16.80 |
| May 19, 2026 | Empresarial de Capitales S.A. de C.V. Control | 10 percent owner, other: Add'l Rep. Persons-see Ex.99-1 | −150,000 | $16.38 |
| May 18, 2026 | Empresarial de Capitales S.A. de C.V. Control | 10 percent owner, other: Add'l Rep. Persons-see Ex.99-1 | −284,000 | $16.38 |
| Mar 27, 2026 | Empresarial de Capitales S.A. de C.V. Control | 10 percent owner, other: Add'l Rep. Persons-see Ex.99-1 | −1,352,000 | $16.68 |
| Mar 26, 2026 | Empresarial de Capitales S.A. de C.V. Control | 10 percent owner, other: Add'l Rep. Persons-see Ex.99-1 | −960,000 | $16.65 |
Peers
- Murphy Oil
Diversified US independent with ~70 MBoe/d from deepwater GoM plus onshore
- W&T Offshore
Independent GoM E&P across shelf and deepwater since 1983, ~34 MBoe/d
- Kosmos Energy
Atlantic Margins deepwater E&P spanning Ghana, GoM, and Mauritania LNG
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Talos Energy | $16.67 | 0.00% | $2.78B | — | 18.8 | 1.4 | +56.5% |
| Murphy Oil | $35.63 | 0.00% | $5.11B | 17.6 | 14.0 | 1.7 | +35.9% |
| W&T Offshore | $3.60 | +0.84% | $531.1M | — | — | 0.9 | +32.9% |
| Kosmos Energy | $2.76 | +0.17% | $1.34B | — | 7.3 | 0.8 | +56.8% |
| Median | 17.6 | 10.7 | 0.9 | +35.9% |