CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 577,587	$ 362,809
Accounts receivable, net	330,349	323,058
Assets from price risk management activities	28,834	54,420
Prepaid assets	141,832	83,080
Other current assets	17,118	17,939
Total current assets	1,095,720	841,306
Property and equipment:
Proved properties	10,912,984	10,621,012
Unproved properties, not subject to amortization	447,034	480,555
Other property and equipment	22,878	22,643
Total property and equipment	11,382,896	11,124,210
Accumulated depreciation, depletion and amortization	(7,291,346)	(6,686,575)
Total property and equipment, net	4,091,550	4,437,635
Other long-term assets:
Restricted cash	76,997	76,181
Equity method investments	44,661	112,382
Other well equipment	61,517	49,307
Notes receivable, net	20,653	19,636
Operating lease assets	8,345	9,214
Other assets	33,836	6,396
Total assets	5,433,279	5,552,057
Current liabilities:
Accounts payable	87,837	92,979
Accrued liabilities	225,214	290,223
Accrued royalties	99,237	59,768
Current portion of asset retirement obligations	153,225	112,489
Liabilities from price risk management activities	27,504	6,708
Accrued interest payable	49,181	48,972
Current portion of operating lease liabilities	3,872	3,657
Other current liabilities	33,427	29,925
Total current liabilities	679,497	644,721
Long-term liabilities:
Long-term debt	1,228,764	1,226,189
Asset retirement obligations	1,240,920	1,219,639
Operating lease liabilities	10,051	11,956
Other long-term liabilities	240,891	281,429
Total liabilities	3,400,123	3,383,934
Commitments and contingencies (Note 13)
Talos Energy Inc. stockholders' equity:
Preferred stock; $0.01 par value; 30,000,000 shares authorized and zero shares issued or outstanding as of June 30, 2026 and December 31, 2025, respectively	0	0
Common stock; $0.01 par value; 270,000,000 shares authorized; 189,641,450 and 188,530,052 shares issued as of June 30, 2026 and December 31, 2025, respectively	1,896	1,885
Additional paid-in capital	3,305,983	3,296,643
Accumulated deficit	(1,024,898)	(918,400)
Treasury stock, at cost; 22,676,655 and 20,015,369 shares as of June 30, 2026 and December 31, 2025, respectively	(250,347)	(212,144)
Total Talos Energy Inc. stockholders' equity	2,032,634	2,167,984
Noncontrolling interest	522	139
Total equity	2,033,156	2,168,123
Total liabilities and equity	$ 5,433,279	$ 5,552,057

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).