Monitor 2026 production trends and capital discipline, as the company's ability to grow output while maintaining free cash flow will be key. The impairment suggests potential overvaluation of reserves, which could impact future borrowing capacity.
Price Chart
Executive Summary
Talos Energy reported a full-year 2025 net loss of $494.3 million due to a $454.5 million non-cash ceiling test impairment, despite generating $417.7 million in adjusted free cash flow. Production averaged 94.6 MBoe/d, down from 2024, and the company guided for 2026 production of 85-90 MBoe/d with capital expenditures of $500-550 million.
Key Financial Metrics
Key Facts
- Full-year 2025 net loss of $494.3 million, including $454.5 million in non-cash ceiling test impairments
- Adjusted free cash flow of $417.7 million in 2025
- Full-year 2025 production averaged 94.6 MBoe/d (down from 2024's 101.7 MBoe/d)
- 2026 production guidance of 85-90 MBoe/d with capex of $500-550 million
- Repurchased $119.1 million of shares in 2025, returning 29% of free cash flow to shareholders
Financial Impact
Net loss of $494.3 million in 2025, with $454.5 million in non-cash impairments
Risk Factors
- Declining production from 2024 levels
- Significant non-cash impairments indicating potential overvaluation of assets
- Execution risk on 2026 production guidance
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-067747 |
| Document: talo-20260224.htm | 0001193125-26-067747 |
| Document: 0001193125-26-067747-index-headers.html | 0001193125-26-067747 |
| Document: 0001193125-26-067747-index.html | 0001193125-26-067747 |
| Document: 0001193125-26-067747.txt | 0001193125-26-067747 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 7d ago | SC 13G | $18.07 | awaiting T+5 | — | $18.55 (+2.66%) |
Oct 13, 2026 14d ago | SC 13D/A | $17.03 $18.07 | ▼ −6.11% | ▼ −5.65% | $18.55 (−8.93%) |
Oct 8, 2026 19d ago | 3 | $16.80 $17.77 | ▲ +5.77% | ▲ +7.74% | $18.55 (+10.42%) |
Sep 24, 2026 4w ago | 8-K | $16.47 $16.78 | ▲ +1.88% | ▲ +2.10% | $18.55 (+12.63%) |
Sep 17, 2026 5w ago | SC 13D/A | $17.01 $16.47 | ▲ +3.17% | ▲ +4.44% | $18.55 (−9.05%) |
Sep 4, 2026 7w ago | Insider Cluster | $17.16 $18.33 | ▲ +6.82% | ▲ +7.94% | $18.55 (+8.10%) |
Aug 31, 2026 8w ago | Insider Cluster | $17.27 $17.51 | ▲ +1.39% | ▲ +1.31% | $18.55 (+7.41%) |
Aug 4, 2026 12w ago | Press Release | $14.18 $15.50 | ▲ +9.31% | ▲ +8.96% | $18.55 (+30.82%) |
Jul 27, 2026 13w ago | Press Release | $13.67 $14.87 | ▲ +8.78% | ▲ +6.51% | $18.55 (+35.70%) |
Apr 22, 2026 26w ago | DEFA14A | $15.23 $15.99 | ▲ +4.99% | ▲ +3.51% | $18.55 (+21.80%) |
US Market Status
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