XML 11 R4.htm IDEA: XBRL DOCUMENT v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Total revenues $ 450,053 $ 509,286 $ 1,387,833 $ 1,488,383
Operating expenses:        
Lease operating expense 133,718 163,347 398,494 455,835
Production taxes 87 224 331 1,244
Depreciation, depletion and amortization 262,637 274,249 813,059 749,004
Impairment of oil and natural gas properties 60,209 0 284,090 0
Accretion expense 30,764 29,418 93,704 87,053
General and administrative expense 41,547 41,866 115,592 159,954
Other operating (income) expense 7,272 (23,363) (1,115) (110,467)
Total operating expenses 536,234 485,741 1,704,155 1,342,623
Operating income (expense) (86,181) 23,545 (316,322) 145,760
Interest expense (40,847) (46,275) (122,585) (146,102)
Price risk management activities income (expense) 4,226 126,291 75,228 41,531
Equity method investment income (expense) 639 (544) (37) (9,054)
Other income (expense) 2,051 3,267 11,282 (48,465)
Net income (loss) before income taxes (120,112) 106,284 (352,434) (16,330)
Income tax benefit (expense) 24,204 (18,111) 60,721 4,445
Net income (loss) (95,908) 88,173 (291,713) (11,885)
Net income (loss) attributable to noncontrolling interest (3) 0 (3) 0
Net income (loss) attributable to Talos Energy Inc. $ (95,905) $ 88,173 $ (291,710) $ (11,885)
Net income (loss) per share attributable to common stockholders:        
Basic $ (0.55) $ 0.49 $ (1.65) $ (0.07)
Diluted $ (0.55) $ 0.49 $ (1.65) $ (0.07)
Weighted average common shares outstanding:        
Basic 173,291 180,204 176,938 174,108
Diluted 173,291 180,561 176,938 174,108
Oil        
Revenues:        
Revenues $ 400,210 $ 467,605 $ 1,214,128 $ 1,368,234
Natural Gas        
Revenues:        
Revenues 41,306 25,930 133,456 75,688
NGL        
Revenues:        
Revenues $ 8,537 $ 15,751 $ 40,249 $ 44,461