Overview

* Talos Q3 revenue beats analyst expectations, reaching $450 mln

* Adjusted net loss for Q3 beats estimates, despite overall net loss

* Company repurchased 5 mln shares for $48 mln, returning capital to shareholders

Outlook

* Talos revises full-year 2025 production guidance to 94.0-97.0 MBoe/d

* Company expects 2025 oil production to be 69% of total production

* Talos projects 2025 capital expenditures between $480 mln and $520 mln

Result Drivers

* PRODUCTION OUTPERFORMANCE - Absence of storm activity and strong asset performance led to production exceeding expectations

* COST SAVINGS - Surpassed year-end target with over $40 mln in free cash flow enhancements through Optimal Performance Plan

* EXPLORATION SUCCESS - Discovery at Daenerys prospect enhances future growth potential

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $450.05 $420.70

Revenue mln mln (8

Analysts

)

Q3 Beat -$33 mln -$64.10

Adjusted mln (8

Net Analysts

Income )

Q3 Net -$95.91

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the oil & gas exploration and production peer group is "buy"

* Wall Street's median 12-month price target for Talos Energy Inc ( TALO ) is $12.00, about 20.3% above its November 4 closing price of $9.56

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)