Talos Energy Q1 production tops guidance at 88.8 MBoe/d, ups buyback to $200 M
TALO•Talos Energy produced 63.8 MBo/d of oil and 88.8 MBoe/d in Q1 2026, exceeding the high end of guidance and generating $113.2 million in adjusted free cash flow. The company repurchased 2.7 million shares for $38.2 million, raised its buyback authorization to $200 million, and reiterated full-year production and CAPEX guidance.
1. Q1 Operational Highlights
Talos Energy delivered 63.8 MBo/d of oil and 88.8 MBoe/d of total production in the first quarter, outperforming guidance ranges. Cardona commenced production ahead of schedule at high-end rates, while base performance and facility uptime supported the beat.
2. Financial Results and Cash Returns
The company reported net cash from operations of $174.0 million and adjusted free cash flow of $113.2 million. Talos repurchased 2.7 million shares for $38.2 million (34% of free cash flow) and the board increased the share repurchase authorization to $200 million.
3. Project Updates and 2026 Guidance
Talos recorded a net loss of $256.2 million (including $145.0 million of non-cash impairment) and an adjusted net loss of $11.3 million. It reiterated full-year 2026 production and CAPEX guidance, with CPN first production expected in Q3 and Monument on track for late-2026 start.
