--- title: "Talos Energy | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 472.31 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285476766.md" datetime: "2026-05-07T03:09:32.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285476766.md) - [en](https://longbridge.com/en/news/285476766.md) - [zh-HK](https://longbridge.com/zh-HK/news/285476766.md) --- # Talos Energy | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 472.31 M Revenue: As of FY2026 Q1, the actual value is USD 472.31 M, beating the estimate of USD 450.03 M. EPS: As of FY2026 Q1, the actual value is USD -1.52, missing the estimate of USD -0.1774. EBIT: As of FY2026 Q1, the actual value is USD -80.25 M. #### Financial Performance Talos Energy Inc. reported total revenues of $472,310 thousand for the three months ended March 31, 2026, compared to $513,059 thousand for the same period in 2025. The company recorded a Net Loss of - $256.2 million, or - $1.52 per diluted share, which included - $145.0 million in non-cash ceiling test impairment charges. Adjusted Net Loss was - $11.3 million, or - $0.07 Adjusted Net Loss per diluted share. Operating expense for the quarter was - $119,426 thousand, a decrease from operating income of $43,451 thousand in the prior year period. Talos Energy Inc. generated Adjusted EBITDA of $293.4 million. #### Cash Flow Net cash provided by operating activities totaled $174.0 million. Adjusted Free Cash Flow amounted to $113.2 million. #### Operational Metrics Average daily production for the first quarter 2026 was 88.8 thousand barrels of oil equivalent per day (MBoe/d), consisting of 63.8 thousand barrels of oil per day (MBo/d) and 7.1 thousand barrels of natural gas liquids per day (MBbl/d), with 107.7 million cubic feet per day (MMcf/d) of natural gas. Total lease operating expenses were $129.0 million, or $16.14 per Boe. Adjusted General and Administrative expenses were $34.0 million, or $4.25 per Boe. Capital expenditures, excluding plugging and abandonment and settled decommissioning obligations, were $118.9 million, which included $68,925 thousand for U.S. drilling & completions, $16,051 thousand for asset management, and $33,970 thousand for seismic, G&G, land, capitalized G&A, and other. Plugging and abandonment and settled decommissioning obligations totaled $21.9 million. Average realized prices were $71.08 per Bbl for oil, $5.46 per Mcf for natural gas, and $17.85 per Bbl for NGL, resulting in an average realized price of $59.08 per Boe (excluding hedges). #### Balance Sheet and Liquidity As of March 31, 2026, Talos Energy Inc. had $386.4 million in cash, an undrawn credit facility, and approximately $989.0 million of liquidity. Total debt was $1,250.0 million, and Net Debt was $863.6 million. The Net Debt to Last Twelve Months (LTM) Adjusted EBITDA ratio was 0.8x. The company repurchased 2.7 million shares for $38.2 million, representing 34% of Adjusted Free Cash Flow. The Board of Directors increased the share repurchase authorization to $200 million, with $200 million remaining as of May 1, 2026. #### Outlook and Guidance Talos Energy Inc. provided second quarter 2026 production guidance of 63 to 67 MBo/d and 88 to 92 MBoe/d, and reiterated its full-year 2026 operational and financial guidance expecting production to range from 62 to 66 MBo/d and 85 to 90 MBoe/d. Full-year 2026 capital expenditures are projected to be between $500 million and $550 million. Additionally, full-year 2026 plugging and abandonment and decommissioning expenditures are estimated at $100 million to $130 million. ### Related Stocks - [TALO.US](https://longbridge.com/en/quote/TALO.US.md) ## Related News & Research - [Federal Signal posts May 2026 investor presentation, raises 2026 outlook and margin targets](https://longbridge.com/en/news/287104853.md) - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [Ealixir Reports First Quarter 2026 Results | EAXR Stock News](https://longbridge.com/en/news/287216349.md) - [Advance Auto Parts Reports First Quarter 2026 Results; Reaffirms Full Year 2026 Guidance | AAP Stock News](https://longbridge.com/en/news/287202242.md) - [FS KKR Capital to post investor presentations on website after market close](https://longbridge.com/en/news/286815114.md)