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Get filing alertsTalos Energy reports Q2 beat, raises 2026 guidance, announces Gulf of America acquisition
Filed August 4, 2026 · Period ending August 4, 2026 · ~2 min read
Key Changes
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high
Q2 production of 68.6 MBo/d and 93.7 MBoe/d exceeded guidance; generated $231.6M adjusted free cash flow and $402.4M adjusted EBITDA on strong uptime and well performance.
Exhibit 99.1 view on EDGAR → -
high
Raised full-year 2026 production guidance to 64-68 MBo/d and 87-91 MBoe/d (midpoint 66/89 MBoe/d), excluding pending Gulf of America acquisition and reflecting closed shelf divestment.
Exhibit 99.1 view on EDGAR → -
high
Announced Gulf of America deepwater acquisition from Shell (BP declined preferential right); issued $800M 8.000% 2034 notes to redeem $625M 9.000% 2029 notes and fund acquisition; upsized credit facility to $850M.
Exhibit 99.1 view on EDGAR → -
medium
Closed non-core shelf divestment July 15, eliminating ~$54M in asset retirement and decommissioning obligations; divested assets produced 700 Bo/d (3.5 MBoe/d, 20% oil) in Q2.
Exhibit 99.1 view on EDGAR → -
medium
Monument #3 development well encountered ~250 feet of net pay at 32,250 feet depth, in line with expectations; first production expected year-end 2026 at 20-30 MBoe/d gross. Daenerys appraisal program commenced.
Exhibit 99.1 view on EDGAR →
Summary
Talos Energy reported strong second quarter 2026 results that exceeded production guidance, generating $231.6 million in adjusted free cash flow and $402.4 million in adjusted EBITDA. Production of 68.6 MBo/d oil and 93.7 MBoe/d total beat guidance ranges due to strong uptime and well performance.
The company raised its full-year 2026 production guidance midpoint to 66 MBo/d and 89 MBoe/d, reflecting operational momentum. The quarter featured significant portfolio activity. Talos announced the acquisition of Gulf of America deepwater oil assets from Shell, expected to close in Q3 2026 after BP declined its preferential right.
To finance the transaction and improve its debt profile, the company issued $800 million of 8.000% notes due 2034, using proceeds to fully redeem $625 million of higher-cost 9.000% notes due 2029 and partially fund the acquisition. The credit facility was upsized from $700 million to $850 million effective upon closing. Separately, Talos closed the sale of non-operated gas shelf properties on July 15, eliminating approximately $54 million in decommissioning liabilities. On the development front, the Monument #3 well encountered approximately 250 feet of net pay at 32,250 feet depth, confirming pre-drill expectations, with first production targeted for year-end 2026 at 20-30 MBoe/d gross. The Daenerys appraisal program has commenced with results expected by year-end. The combination of operational execution, portfolio optimization, and debt refinancing positions Talos to integrate the Gulf of America acquisition while maintaining financial flexibility.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Talos Energy announced Q2 2026 financial and operational results via press release.
Added in current filing · verify on EDGAR →
On August 4, 2026, Talos Energy Inc. (the “Company”) issued a press release announcing its financial and operational results for the fiscal quarter ended June 30, 2026.
Talos Energy disclosed its second quarter 2026 financial and operational results through a press release. The 8-K body itself does not contain specific financial metrics; those details are in the attached Exhibit 99.1 press release, which is furnished but not filed.
Event · Item 7.01 — Regulation FD Disclosure
Talos Energy posted a new investor presentation on its website and incorporated Q2 2026 earnings disclosure under Regulation FD.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
On August 4, 2026, the Company posted a new investor presentation on its website, www.talosenergy.com.
Talos Energy made a new investor presentation available on its website. The presentation can be accessed under the Investors Relations section. This is a routine disclosure practice for public companies to communicate with investors.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Produced 68.6 thousand barrels of oil per day (“MBo/d”) and 93.7 thousand barrels of oil equivalent per day (“MBoe/d”); oil and total equivalent production exceeded guidance ranges driven by strong uptime and well performance. ... Reported net cash provided by operating activities of $300.6 million. ... Generated Adjusted Free Cash Flow(1) (2) of $231.6 million. ... Recorded Net Income(2) of $149.7 million or $0.88 Net Income(2) per diluted share; Adjusted Net Income(1) (2) of $97.8 million or $0.57 Adjusted Net Income per diluted share(1) (2). ... Generated Adjusted EBITDA(1) (2) of $402.4 million.
Talos Energy reported second quarter 2026 production of 68.6 MBo/d and 93.7 MBoe/d, exceeding guidance ranges due to strong uptime and well performance. The company generated net income of $149.7 million ($0.88 per diluted share), adjusted net income of $97.8 million ($0.57 per diluted share), adjusted EBITDA of $402.4 million, and adjusted free cash flow of $231.6 million. Operating cash flow was $300.6 million.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 5, 2026 · How we verify