TALOS ENERGY INC
For the period ended Sep 30, 2024. Filed Nov 12, 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.
Sep 30, 2024 · Filed Nov 12, 2024
TALO$14.62-1.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(In thousands, except per share amounts)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues: | ||||
| Oil | $467,605 | $359,404 | $1,368,234 | $995,081 |
| Natural gas | 25,930 | 16,871 | 75,688 | 53,383 |
| NGL | 15,751 | 6,860 | 44,461 | 24,463 |
| Total revenues | 509,286 | 383,135 | 1,488,383 | 1,072,927 |
| Operating expenses: | ||||
| Lease operating expense | 163,347 | 103,548 | 455,835 | 286,075 |
| Production taxes | 224 | 600 | 1,244 | 1,813 |
| Depreciation, depletion and amortization | 274,249 | 163,359 | 749,004 | 480,476 |
| Accretion expense | 29,418 | 21,256 | 87,053 | 63,430 |
| General and administrative expense | 41,866 | 24,888 | 159,954 | 121,257 |
| Other operating (income) expense | (23,363) | (57,287) | (110,467) | (55,172) |
| Total operating expenses | 485,741 | 256,364 | 1,342,623 | 897,879 |
| Operating income (expense) | 23,545 | 126,771 | 145,760 | 175,048 |
| Interest expense | (46,275) | (45,637) | (146,102) | (128,850) |
| Price risk management activities income (expense) | 126,291 | (98,802) | 41,531 | (13,668) |
| Equity method investment income (expense) | (544) | (2,493) | (9,054) | 2,938 |
| Other income (expense) | 3,267 | 2,193 | (48,465) | 10,450 |
| Net income (loss) before income taxes | 106,284 | (17,968) | (16,330) | 45,918 |
| Income tax benefit (expense) | (18,111) | 15,865 | 4,445 | 55,516 |
| Net income (loss) | $88,173 | $(2,103) | $(11,885) | $101,434 |
| Net income (loss) per common share: | ||||
| Basic | $0.49 | $(0.02) | $(0.07) | $0.86 |
| Diluted | $0.49 | $(0.02) | $(0.07) | $0.85 |
| Weighted average common shares outstanding: | ||||
| Basic | 180,204 | 124,103 | 174,108 | 118,459 |
| Diluted | 180,561 | 124,103 | 174,108 | 119,262 |
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