Reports Q4 revenue $342.20M, consensus $345.44M. Talos President and CEO Timothy S. Duncan commented: "2022 was full of milestones for Talos. We used our meaningful free cash flow generation to pay our revolver borrowings to zero at year-end. We also ended the year with a leverage ratio of 0.7x – well below our goal of 1.0x or below – and ended the year with record liquidity. In late 2022 we announced and closed in February 2023 a major acquisition that not only adds significant scale and asset diversity to our portfolio but is also very beneficial to Talos’s shareholders. In our CCS business, we completed a first-of-its-kind CO2 storage transaction with Chevron early in the year, welcoming their considerable experience into our Bayou Bend project in southeast Texas."
Published first on TheFly
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