Talos Energy reports Q3 adjusted EPS 15c, consensus 12c

Reports Q3 revenue $383.1M, consensus $374.05M. Talos President and Chief Executive Officer Timothy S. Duncan commented: “During the third quarter, we were pleased with the advancements we made on several aspects of our business. Our operations team is working hard on our Lime Rock and Venice discoveries, which are expected to come online as scheduled in early 2024. We have recently signed an important exploration agreement with Repsol, where we are pooling resources with the goal of developing an inventory of impactful wells that could be tied to existing Talos infrastructure. Additionally, we closed the Talos Mexico transaction with Grupo Carso and are encouraged about growing our partnership and progressing Zama toward FID and first oil. Our CCS portfolio continues to receive strong endorsement from the industry, as we welcomed Equinor as a partner with a 25% interest in Bayou Bend following its purchase from Carbonvert. Lastly, at Harvest Bend, we have several EPA Class VI permit applications in process.”