Talos Energy swings to Q2 FY26 profit of USD 149.67 million; revenue rises to USD 664.81 million
TALO•Exploration update
Monument #3 encountered about 250 feet of net pay; Daenerys appraisal began, with first-well results expected by year-end 2026.
Cash flow and production improve
Net cash from operations increased 3.43% to USD 300.64 million; adjusted free cash flow (non-GAAP) reached USD 231.58 million.
Net production totaled 94 MBoe/d, above guidance; Talos lifted full-year guidance to 87-91 MBoe/d.
Q2 results turn profitable on higher revenue
Talos Energy posted Q2 net income of USD 149.67 million, swinging from a year-ago loss; revenue rose 56.52% to USD 664.81 million.
Adjusted EBITDA (non-GAAP) climbed 33.21% to USD 402.18 million; adjusted net income (non-GAAP) turned positive at USD 97.78 million.
