Talos Energy announced second quarter 2026 results, reporting net income of $149.7 million and record adjusted free cash flow of $231.6 million. Production averaged 68.6 thousand barrels of oil per day and 93.7 thousand barrels of oil equivalent per day, exceeding guidance ranges due to strong uptime and well performance. The company raised its full-year 2026 production guidance midpoint to 66 thousand barrels of oil per day and 89 thousand barrels of oil equivalent per day, excluding the pending Gulf of America bolt-on acquisition from Shell and after adjusting for a closed non-core shelf divestment. Talos also highlighted the completion of the Genovesa workover, the successful Monument number 3 well encountering approximately 250 feet of net pay, and the commencement of the Daenerys appraisal well program. The balance sheet was strengthened with $577.6 million in cash and a net debt to last twelve months adjusted EBITDA ratio of 0.5 times, while the company issued $800 million of 8.000% notes due 2034 to redeem higher-cost debt and fund the acquisition.
Talos EnergyRecord free cash flow, raised production guidance, and debt refinancing strengthen financials.
Shell plc