TALOS ENERGY INC
For the period ended Jun 30, 2024. Filed Aug 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 8, 2024
TALO$14.87+1.7%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations
(In thousands, except per share amounts)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues: | ||||
| Oil | $507,408 | $342,983 | $900,629 | $635,677 |
| Natural gas | 26,060 | 16,329 | 49,758 | 36,512 |
| NGL | 15,697 | 7,898 | 28,710 | 17,603 |
| Total revenues | 549,165 | 367,210 | 979,097 | 689,792 |
| Operating expenses: | ||||
| Lease operating expense | 157,310 | 101,165 | 292,488 | 182,527 |
| Production taxes | 476 | 607 | 1,020 | 1,213 |
| Depreciation, depletion and amortization | 259,091 | 169,794 | 474,755 | 317,117 |
| Accretion expense | 30,732 | 22,760 | 57,635 | 42,174 |
| General and administrative expense | 48,247 | 33,182 | 118,088 | 96,369 |
| Other operating (income) expense | (1,061) | (723) | (87,104) | 2,115 |
| Total operating expenses | 494,795 | 326,785 | 856,882 | 641,515 |
| Operating income (expense) | 54,370 | 40,425 | 122,215 | 48,277 |
| Interest expense | (48,982) | (45,632) | (99,827) | (83,213) |
| Price risk management activities income (expense) | 2,302 | 26,197 | (84,760) | 85,134 |
| Equity method investment income (expense) | (456) | (2,012) | (8,510) | 5,431 |
| Other income (expense) | 4,164 | 1,591 | (51,732) | 8,257 |
| Net income (loss) before income taxes | 11,398 | 20,569 | (122,614) | 63,886 |
| Income tax benefit (expense) | 983 | (6,892) | 22,556 | 39,651 |
| Net income (loss) | $12,381 | $13,677 | $(100,058) | $103,537 |
| Net income (loss) per common share: | ||||
| Basic | $0.07 | $0.11 | $(0.59) | $0.90 |
| Diluted | $0.07 | $0.11 | $(0.59) | $0.89 |
| Weighted average common shares outstanding: | ||||
| Basic | 183,564 | 125,436 | 171,027 | 115,590 |
| Diluted | 183,692 | 125,667 | 171,027 | 116,363 |
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