XML 11 R4.htm IDEA: XBRL DOCUMENT v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Total revenues $ 664,813 $ 424,721 $ 1,137,123 $ 937,780
Operating expenses:        
Lease operating expense 155,683 136,971 284,718 264,776
Production taxes 103 130 146 244
Depreciation, depletion and amortization 229,369 269,706 459,753 550,422
Impairment of oil and natural gas properties 0 223,881 145,018 223,881
Accretion expense 35,908 32,046 70,847 62,940
General and administrative expense 44,626 39,430 85,596 74,045
Other operating (income) expense 902 (3,851) 12,249 (8,387)
Total operating expenses 466,591 698,313 1,058,327 1,167,921
Operating income (expense) 198,222 (273,592) 78,796 (230,141)
Interest expense (39,162) (40,811) (78,340) (81,738)
Price risk management activities income (expense) 30,549 86,855 (142,998) 71,002
Equity method investment income (expense) (113) (186) 6,557 (676)
Other income (expense) 5,230 5,371 9,415 9,231
Net income (loss) before income taxes 194,726 (222,363) (126,570) (232,322)
Income tax benefit (expense) (44,837) 36,426 20,455 36,517
Net income (loss) 149,889 (185,937) (106,115) (195,805)
Net income (loss) attributable to noncontrolling interest 222 0 383 0
Net income (loss) attributable to Talos Energy Inc. $ 149,667 $ (185,937) $ (106,498) $ (195,805)
Net income (loss) per share attributable to common stockholders:        
Basic $ 0.9 $ (1.05) $ (0.64) $ (1.1)
Diluted $ 0.88 $ (1.05) $ (0.64) $ (1.1)
Weighted average common shares outstanding:        
Basic 166,980 177,404 167,677 178,791
Diluted 170,085 177,404 167,677 178,791
Oil        
Revenues:        
Revenues $ 620,768 $ 373,195 $ 1,028,766 $ 813,918
Natural Gas        
Revenues:        
Revenues 31,040 39,415 83,943 92,150
NGL        
Revenues:        
Revenues $ 13,005 $ 12,111 $ 24,414 $ 31,712