TALO plans to begin production from the Katmai West #2 well in the second quarter of 2025. The well will be tied back to TALO's Tarantula facility.
Talos Energy's expertise and strategic acquisitions in the U.S. Gulf of Mexico are expected to enhance future financial performance and stock price. Recent asset sales and acquisitions, including Talos Low Carbon Solutions and QuarterNorth Energy, position TALO for growth and improved cash flow. The stock repurchase programs initiated in 2023 and 2024 could drive increased demand and higher stock prices.
Talos Energy Inc. (NYSE:TALO ) Q3 2024 Earnings Conference Call November 12, 2024 8:30 AM ET Company Participants Clay Jeansonne - Vice President of Investor Relations Joseph Mills - Interim President and Chief Executive Officer Sergio Maiworm - Chief Financial Officer Conference Call Participants Leo Mariani - Roth Capital Partners, LLC Greta Drefke - Goldman Sachs Paul Diamond - Citigroup Inc. Michael Furrow - Pickering Energy Partners Operator Good morning, ladies and gentlemen, and welcome to the Talos Energy Third Quarter 2024 Earnings Conference Call. At this time, all lines are in a listen-only mode.
Talos Energy is the fifth largest oil producer in the Gulf of Mexico and the company is expected to deliver solid production growth in the coming quarters. In the first half of 2024, Talos generated free cash flows of approximately $225 million, which is roughly equivalent to $450 million on an annualized basis. Relative to the current market capitalization of $2.1 billion, we are talking about a free cash flow yield north of 20%.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
U.S. company Talos Energy said on Thursday it had discovered commercial quantities of oil and natural gas in a subsea well in the Gulf of Mexico.
U.S. oil and gas firm Talos Energy said on Friday its CEO Tim Duncan had stepped down from his role on Aug. 29.
Talos Energy's free cash flow is inflecting and should be able to support buybacks. The private equity ownership has decreased dramatically and implies less structural selling pressure in the future. The company also gained as a strategic investor, Mexico's Carlos Slim; Mr. Slim recently bought more shares in the low-teens.
Talos Energy Inc. (NYSE:TALO ) Q2 2024 Earnings Conference Call August 8, 2024 10:00 AM ET Company Participants Clay Jeansonne - IR Tim Duncan - President and CEO Sergio Maiworm - SVP and CFO Conference Call Participants Neil Mehta - Goldman Sachs Leo Mariani - ROTH MKM Jarrod Giroue - Stephens Jeff Robertson - Water Tower Research Noel Parks - Tuohy Partners Operator Good morning ladies and gentlemen, and welcome to the Talos Energy Second Quarter 2024 Earnings Conference Call. At this time, all lines are in listen-only mode.
Talos Energy (TALO) came out with quarterly earnings of $0.03 per share, beating the Zacks Consensus Estimate of a loss of $0.13 per share. This compares to earnings of $0.09 per share a year ago.
Talos Energy is a small player that has engaged in offshore growth through acquisitions and organic growth. The recent acquisition has a high value and may result in one-time assimilation costs that could affect the income statement for up to a year. The company's debt ratio is already down to 1.0, which is a positive sign for the stock market, and the debt market has reacted by decreasing interest rates.