Headquartered in Houston, TX Fiscal year ends December NYSE: TALO talosenergy.com
Talos Energy Inc. (NYSE: TALO) is an independent offshore exploration and production company. It acquires, explores, develops and produces oil, natural gas and NGLs, primarily in the U.S. Gulf of America and offshore Mexico, and is building a position offshore Honduras.
Production is heavily oil-weighted: Q3 2026 output was 91.5 MBoe/d, 75% oil, with about 87 MBoe/d from deepwater assets and the rest from the Shelf and Gulf Coast. Oil sales generate the large majority of revenue.
Talos operates most of its production and grows through several channels:
- **Infrastructure-led tie-backs:** CPN; Monument, a Wilcox discovery tied back to the Shenandoah facility.
- **Development drilling:** the Brutus program.
- **Appraisal:** the Daenerys discovery.
- **Lease sales:** the BBG1 and BBG3 sales.
- **Bolt-on acquisitions:** notably deepwater assets bought from Shell in September 2026.
- **International ventures:** a 50% farm-in to Repsol-operated Block 29 in Mexico's Salinas-Sureste Basin and an operated interest in an offshore Honduras block exceeding 4 million gross acres.
The company hedges a portion of its oil and gas output with swaps and collars. Its capital allocation framework returns up to 50% of annual free cash flow through share repurchases. Talos also holds a minority investment in the Zama asset in Mexico. Updated
The $420 million Shell deepwater deal closed September 22 and already pushed production above guidance, lifting full-year output to 92.5 to 94.5 MBoe/d. Adjusted earnings came in above expectations, though a derivative loss left a GAAP loss of $0.49 a share. Hurricane Isaias should shave about 7 MBoe/d off the fourth quarter.
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Talos Energy Inc. (NYSE: TALO) is an independent offshore exploration and production company. It acquires, explores, develops and produces oil, natural gas and NGLs, primarily in the U.S.
The Wall Street consensus 12-month price target for TALO is $21.33.
