Talos Energy reported an adjusted loss per share of $0.07, beating estimates by $0.04, alongside stronger-than-expected production and EBITDA.
Talos Energy (TALO) posted Q1 2026 revenue of $472.3 million, surpassing estimates of $22.3 million, as production reached approximately 89,000 boepd. The adjusted loss per share of $0.07 exceeded expectations by $0.04.
Adjusted EBITDA for the quarter hit $293.4 million, while adjusted free cash flow totaled $113.2 million. Production outpaced guidance due to strong well productivity at Cardona and high facility uptime.
The company forecasts Q2 2026 production of 88,000 to 92,000 boepd, with full-year output expected at 85,000 to 90,000 boepd. Capital expenditures for 2026 are projected between $500 million and $550 million, excluding P&A costs.