EarningsQ2 2026 Earnings Report
DE:7T2 Q2 2026 EPS Results
Actual EPS€0.51
Consensus EPS€0.32
Beat/MissBeat by +€0.19
One Year Ago EPS-€0.24
DE:7T2 Q2 2026 Revenue Results
Actual Revenue€593.28M
Expected Revenue€515.74M
Beat/MissBeat by +€77.54M
YoY Revenue Growth+56.53%
Earnings Announcement Details
QuarterQ2 2026
Date08/04/2026
TimeAfter Close
Conference CallTuesday, August 4, 2026
DE:7T2 Upcoming Earnings
Talos Energy's next earnings date is estimated for November 3, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:7T2 Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operational execution, record free cash flow, improved liquidity and a series of strategic portfolio actions (bolt-on acquisition, Mexico farm-in, Honduras acreage, and shelf divestment) that collectively reinforce long-term growth and margin improvement. Most negatives are execution/timing risks (pending close of the bolt-on, divestiture production impact, high absolute borrowing costs and project timing dependencies) but are relatively limited compared with the multiple positive financial and operational developments.Company Guidance
Strong Production Outperformance
Q2 oil production averaged ~69,000 bbl/d and total production averaged ~94,000 BOE/d, both exceeding guidance; company raised full-year 2026 stand-alone production guidance to 64,000–68,000 bbl/d oil and 87,000–91,000 BOE/d (excludes pending Gulf of America acquisition). Q3 guide: 61,000–65,000 bbl/d oil and 81,000–85,000 BOE/d.
Record Free Cash Flow and Solid Profitability
Adjusted EBITDA of approximately $402 million and record adjusted free cash flow of approximately $232 million in Q2, driven by production outperformance and stronger crude realizations versus WTI.
Improved Balance Sheet and Liquidity
Cash on hand increased to ~$578 million, total liquidity rose to ~ $1.2 billion, and leverage ratio declined to 0.5x. Pro forma year-end 2027 leverage still expected to be below 1x.
Strategic Capital Markets Transactions
Issued $800 million of 8% senior notes due 2034 to redeem $625 million of 9% notes due 2029 and fund part of the Gulf of America bolt-on; extended maturities and lowered coupon while preserving flexibility. Bank borrowing base increased from $700M to $850M (≈+21%).
Portfolio Actions to Extend Resource Life
Announced Gulf of America bolt-on (assets produced ~18,000 BOE/d in Q2 expected accretive to oil cut, unit operating expense and EBITDA margin), Mexico Block 29 farm-in (Polok and Chinwol development-led, ~200 MMBOE gross discoveries), Honduras deepwater acreage (≈4 million acres) and a noncore gas-weighted shelf divestment that eliminates ~ $54 million of future abandonment obligations.
Operational Execution and Efficiency Gains
Cardona well continues to outperform; Genovesa workover returned to production ahead of schedule; year-to-date program operated with ~50% lower nonproductive time than Gulf of America basin average, improving capital efficiency and uptime.
Shareholder Returns and Capital Allocation Discipline
Return-of-capital framework unchanged: up to 50% of annual free cash flow to shareholders via repurchases. Since framework inception, ~ $135 million returned through buybacks, reducing outstanding share count by ~7%.
DE:7T2 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed