$TALO
TALOS ENERGY INC.

2023 Q3 Form 10-Q Financial Statement

#000095017023040006 Filed on August 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $383.1M $367.2M
YoY Change 1.59% -29.26%
Cost Of Revenue $104.1M $101.8M
YoY Change 25.85% 15.07%
Gross Profit $279.0M $265.4M
YoY Change -5.24% -38.36%
Gross Profit Margin 72.82% 72.29%
Selling, General & Admin $89.20M $29.67M
YoY Change 304.54% 6.21%
% of Gross Profit 31.97% 11.18%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $163.4M $169.8M
YoY Change 76.94% 62.47%
% of Gross Profit 58.55% 63.97%
Operating Expenses $216.6M $221.5M
YoY Change 70.3% 38.73%
Operating Profit $126.8M $40.43M
YoY Change -22.69% -85.35%
Interest Expense $45.64M $45.63M
YoY Change 55.94% 48.27%
% of Operating Profit 36.0% 112.88%
Other Income/Expense, Net $2.193M $1.591M
YoY Change 216.91% -49.73%
Pretax Income -$17.97M $20.57M
YoY Change -107.17% -89.6%
Income Tax -$15.90M $6.900M
% Of Pretax Income 33.55%
Net Earnings -$2.103M $13.68M
YoY Change -100.84% -92.99%
Net Earnings / Revenue -0.55% 3.72%
Basic Earnings Per Share -$0.02 $0.11
Diluted Earnings Per Share -$0.02 $0.11
COMMON SHARES
Basic Shares Outstanding 124.1M 125.6M
Diluted Shares Outstanding 124.1M 125.7M

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $25.10M $63.05M
YoY Change -72.68% -43.79%
Cash & Equivalents $13.63M $17.53M
Short-Term Investments $11.50M $45.52M
Other Short-Term Assets $14.46M $17.25M
YoY Change 663.31% 306.48%
Inventory
Prepaid Expenses $86.08M $85.70M
Receivables $181.4M $157.3M
Other Receivables $104.5M $116.8M
Total Short-Term Assets $411.6M $440.2M
YoY Change 10.65% -7.43%
LONG-TERM ASSETS
Property, Plant & Equipment $4.007B $4.138B
YoY Change 68.36% 75.92%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $141.7M $22.44M
YoY Change 6579.96% 1883.73%
Other Assets $13.45M $17.51M
YoY Change 93.94% 110.94%
Total Long-Term Assets $4.342B $4.365B
YoY Change 77.83% 82.83%
TOTAL ASSETS
Total Short-Term Assets $411.6M $440.2M
Total Long-Term Assets $4.342B $4.365B
Total Assets $4.753B $4.805B
YoY Change 68.95% 67.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $125.6M $184.2M
YoY Change 14.18% 79.88%
Accrued Expenses $205.1M $220.4M
YoY Change 8.09% 44.63%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $33.11M $33.16M
YoY Change
Total Short-Term Liabilities $629.8M $691.9M
YoY Change 13.21% -1.35%
LONG-TERM LIABILITIES
Long-Term Debt $1.019B $1.000B
YoY Change 56.23% 26.84%
Other Long-Term Liabilities $267.0M $283.4M
YoY Change 569.01% 589.71%
Total Long-Term Liabilities $1.286B $1.284B
YoY Change 85.8% 54.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $629.8M $691.9M
Total Long-Term Liabilities $1.286B $1.284B
Total Liabilities $2.691B $2.744B
YoY Change 62.3% 39.58%
SHAREHOLDERS EQUITY
Retained Earnings -$433.6M -$431.5M
YoY Change -19.37% -45.26%
Common Stock $2.543B $2.541B
YoY Change 50.2% 50.73%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.062B $2.062B
YoY Change
Total Liabilities & Shareholders Equity $4.753B $4.805B
YoY Change 68.95% 67.84%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income -$2.103M $13.68M
YoY Change -100.84% -92.99%
Depreciation, Depletion And Amortization $163.4M $169.8M
YoY Change 76.94% 62.47%
Cash From Operating Activities $65.70M $214.2M
YoY Change -64.4% -11.02%
INVESTING ACTIVITIES
Capital Expenditures $131.4M $203.2M
YoY Change -261.21% -374.19%
Acquisitions
YoY Change
Other Investing Activities $52.00M -$2.425M
YoY Change 55813.98% -114.92%
Cash From Investing Activities -$79.30M -$205.6M
YoY Change -2.6% 255.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 10.40M -7.261M
YoY Change -107.07% -95.25%
NET CHANGE
Cash From Operating Activities 65.70M 214.2M
Cash From Investing Activities -79.30M -205.6M
Cash From Financing Activities 10.40M -7.261M
Net Change In Cash -3.200M 1.356M
YoY Change -92.73% -95.5%
FREE CASH FLOW
Cash From Operating Activities $65.70M $214.2M
Capital Expenditures $131.4M $203.2M
Free Cash Flow -$65.70M $11.04M
YoY Change -124.69% -96.49%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Central Index Key
EntityCentralIndexKey
0001724965
CY2023Q2 us-gaap Finance Lease Liability Noncurrent Statement Of Financial Position Extensible List
FinanceLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent
CY2022Q4 us-gaap Finance Lease Liability Noncurrent Statement Of Financial Position Extensible List
FinanceLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent
CY2023Q2 us-gaap Finance Lease Liability Current Statement Of Financial Position Extensible List
FinanceLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent
dei Amendment Flag
AmendmentFlag
false
CY2022Q4 us-gaap Finance Lease Right Of Use Asset Statement Of Financial Position Extensible List
FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent
CY2022Q4 us-gaap Finance Lease Liability Current Statement Of Financial Position Extensible List
FinanceLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent
CY2023Q2 us-gaap Finance Lease Right Of Use Asset Statement Of Financial Position Extensible List
FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
CY2023Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2022Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2023Q2 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#OperatingLeaseLiabilityCurrent
CY2022Q4 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#OperatingLeaseLiabilityCurrent
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2023-06-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-38497
dei Entity Registrant Name
EntityRegistrantName
Talos Energy Inc.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
82-3532642
dei Entity Address Address Line1
EntityAddressAddressLine1
333 Clay Street
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 3300
dei Entity Address City Or Town
EntityAddressCityOrTown
Houston
dei Entity Address State Or Province
EntityAddressStateOrProvince
TX
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
77002
dei City Area Code
CityAreaCode
713
dei Local Phone Number
LocalPhoneNumber
328-3000
dei Security12b Title
Security12bTitle
Common Stock
dei Trading Symbol
TradingSymbol
TALO
dei Security Exchange Name
SecurityExchangeName
NYSE
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2023Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
124055965
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
17525000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
44145000
CY2023Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
157329000
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
150598000
CY2023Q2 us-gaap Oil And Gas Joint Interest Billing Receivables Current
OilAndGasJointInterestBillingReceivablesCurrent
86615000
CY2022Q4 us-gaap Oil And Gas Joint Interest Billing Receivables Current
OilAndGasJointInterestBillingReceivablesCurrent
54697000
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
84759000
CY2023Q2 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
30233000
CY2022Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
6684000
CY2023Q2 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
45522000
CY2022Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
25029000
CY2023Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
85697000
CY2023Q2 us-gaap Other Assets Current
OtherAssetsCurrent
17251000
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1917000
CY2023Q2 us-gaap Assets Current
AssetsCurrent
440172000
CY2022Q4 us-gaap Assets Current
AssetsCurrent
367829000
CY2023Q2 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
7526625000
CY2022Q4 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
5964340000
CY2023Q2 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative
401710000
CY2022Q4 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative
154783000
CY2023Q2 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
32088000
CY2022Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
30691000
CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
7960423000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
6149814000
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3822916000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3506539000
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4137507000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2643275000
CY2023Q2 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
100973000
CY2022Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
0
CY2023Q2 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
8655000
CY2022Q4 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
7854000
CY2023Q2 us-gaap Equity Method Investments
EquityMethodInvestments
22436000
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
1745000
CY2023Q2 us-gaap Inventory Drilling Noncurrent
InventoryDrillingNoncurrent
44645000
CY2022Q4 us-gaap Inventory Drilling Noncurrent
InventoryDrillingNoncurrent
25541000
CY2023Q2 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
15413000
CY2022Q4 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
0
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
18104000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5903000
CY2023Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
17508000
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
6479000
CY2023Q2 us-gaap Assets
Assets
4805413000
CY2022Q4 us-gaap Assets
Assets
3058626000
CY2023Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
184177000
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
128174000
CY2023Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
220417000
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
219769000
CY2023Q2 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
51248000
CY2022Q4 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
52215000
CY2023Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
33156000
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
0
CY2023Q2 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
57551000
CY2022Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
39888000
CY2023Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
8247000
CY2022Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
68370000
CY2023Q2 us-gaap Interest Payable Current
InterestPayableCurrent
42351000
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
36340000
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3136000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1943000
CY2023Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
91599000
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
60359000
CY2023Q2 us-gaap Liabilities Current
LiabilitiesCurrent
691882000
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
607058000
CY2023Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1000109000
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
585340000
CY2023Q2 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
741501000
CY2022Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
501773000
CY2023Q2 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
1417000
CY2022Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
7872000
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
25173000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
14855000
CY2023Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
283443000
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
176152000
CY2023Q2 us-gaap Liabilities
Liabilities
2743525000
CY2022Q4 us-gaap Liabilities
Liabilities
1893050000
CY2023Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2023Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
30000000
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
30000000
CY2023Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2023Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2023Q2 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2022Q4 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2023Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
270000000
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
270000000
CY2023Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
127455965
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
82570328
CY2023Q2 us-gaap Common Stock Value
CommonStockValue
1275000
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
826000
CY2023Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
2539629000
CY2022Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1699799000
CY2023Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-431512000
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-535049000
CY2023Q2 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
3400000
CY2022Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
0
CY2023Q2 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
47504000
CY2022Q4 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
0
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
2061888000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
1165576000
CY2023Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4805413000
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3058626000
CY2023Q2 us-gaap Revenues
Revenues
367210000
CY2022Q2 us-gaap Revenues
Revenues
519085000
us-gaap Revenues
Revenues
689792000
us-gaap Revenues
Revenues
932651000
CY2023Q2 us-gaap Results Of Operations Production Or Lifting Costs
ResultsOfOperationsProductionOrLiftingCosts
101165000
CY2022Q2 us-gaap Results Of Operations Production Or Lifting Costs
ResultsOfOperationsProductionOrLiftingCosts
87582000
us-gaap Results Of Operations Production Or Lifting Costs
ResultsOfOperationsProductionOrLiftingCosts
182527000
us-gaap Results Of Operations Production Or Lifting Costs
ResultsOfOperationsProductionOrLiftingCosts
147396000
CY2023Q2 us-gaap Production Tax Expense
ProductionTaxExpense
607000
CY2022Q2 us-gaap Production Tax Expense
ProductionTaxExpense
864000
us-gaap Production Tax Expense
ProductionTaxExpense
1213000
us-gaap Production Tax Expense
ProductionTaxExpense
1715000
CY2023Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
169794000
CY2022Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
104511000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
317117000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
202851000
CY2023Q2 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
22760000
CY2022Q2 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
14844000
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
42174000
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
29221000
CY2023Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
33182000
CY2022Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
22925000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
96369000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
45453000
CY2023Q2 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
723000
CY2022Q2 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-12372000
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-2115000
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-12508000
CY2023Q2 us-gaap Costs And Expenses
CostsAndExpenses
326785000
CY2022Q2 us-gaap Costs And Expenses
CostsAndExpenses
243098000
us-gaap Costs And Expenses
CostsAndExpenses
641515000
us-gaap Costs And Expenses
CostsAndExpenses
439144000
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
40425000
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
275987000
us-gaap Operating Income Loss
OperatingIncomeLoss
48277000
us-gaap Operating Income Loss
OperatingIncomeLoss
493507000
CY2023Q2 us-gaap Interest Expense
InterestExpense
45632000
CY2022Q2 us-gaap Interest Expense
InterestExpense
30776000
us-gaap Interest Expense
InterestExpense
83213000
us-gaap Interest Expense
InterestExpense
62266000
CY2023Q2 us-gaap Gain Loss From Price Risk Management Activity
GainLossFromPriceRiskManagementActivity
26197000
CY2022Q2 us-gaap Gain Loss From Price Risk Management Activity
GainLossFromPriceRiskManagementActivity
-64094000
us-gaap Gain Loss From Price Risk Management Activity
GainLossFromPriceRiskManagementActivity
85134000
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
4476000
us-gaap Net Income Loss
NetIncomeLoss
128700000
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
897510000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
1165576000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
15459000
us-gaap Gain Loss From Price Risk Management Activity
GainLossFromPriceRiskManagementActivity
-345313000
CY2023Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-2012000
CY2022Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
13466000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5431000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
13608000
CY2023Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1591000
CY2022Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3165000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
8257000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
31299000
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
20569000
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
197748000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
63886000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
130835000
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6892000
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2607000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-39651000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2135000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
13677000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
195141000
us-gaap Net Income Loss
NetIncomeLoss
103537000
us-gaap Net Income Loss
NetIncomeLoss
128700000
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.36
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.9
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.56
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.33
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.89
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.55
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
125436000
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
82566000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
115590000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
82320000
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
125667000
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
83665000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
116363000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
83247000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
695125000
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7244000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
195141000
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
897510000
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
2060841000
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
8227000
CY2023Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
20857000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
13677000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
2061888000
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
7378000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
760653000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
12633000
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
832198000
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
47504000
us-gaap Net Income Loss
NetIncomeLoss
103537000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
2061888000
us-gaap Profit Loss
ProfitLoss
103537000
us-gaap Profit Loss
ProfitLoss
128700000
talo Depreciation Depletion Amortization And Accretion Expense
DepreciationDepletionAmortizationAndAccretionExpense
359291000
talo Depreciation Depletion Amortization And Accretion Expense
DepreciationDepletionAmortizationAndAccretionExpense
232072000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
7629000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
6952000
us-gaap Share Based Compensation
ShareBasedCompensation
8687000
us-gaap Share Based Compensation
ShareBasedCompensation
7367000
us-gaap Gain Loss From Price Risk Management Activity
GainLossFromPriceRiskManagementActivity
85134000
us-gaap Gain Loss From Price Risk Management Activity
GainLossFromPriceRiskManagementActivity
-345313000
talo Net Cash Received Paid From Price Risk Management Activity
NetCashReceivedPaidFromPriceRiskManagementActivity
-4161000
talo Net Cash Received Paid From Price Risk Management Activity
NetCashReceivedPaidFromPriceRiskManagementActivity
-287321000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5431000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
13608000
us-gaap Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
47683000
us-gaap Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
39768000
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-390000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-35127000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
57394000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
23790000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
31435000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-3890000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
23360000
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-22975000
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
33284000
us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
44124000
us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
-6453000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
277083000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
354365000
us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
298658000
us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
128082000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
-17617000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
3500000
talo Payments For Sale Of Property And Equipment Net
PaymentsForSaleOfPropertyAndEquipmentNet
8488000
talo Payments For Sale Of Property And Equipment Net
PaymentsForSaleOfPropertyAndEquipmentNet
-1597000
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
15260000
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
2250000
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
0
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
15000000
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
7796000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-312585000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-117235000
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
15000000
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
6060000
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
505000000
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
35000000
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
305000000
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
210000000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
11775000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
129000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-462000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
8026000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
12836000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
47504000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
7378000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4476000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
109855000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-198501000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
74353000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
38629000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
44145000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
69852000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
118498000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
108481000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
113319000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
47354000
us-gaap Interest Paid Net
InterestPaidNet
63492000
us-gaap Interest Paid Net
InterestPaidNet
47570000
dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2017-11-14
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
17525000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
44145000
CY2023Q2 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
100973000
CY2022Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
0
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
118498000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
44145000
CY2022Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
541661000
talo Fair Value Of Asset Retirement Obligations Assumed
FairValueOfAssetRetirementObligationsAssumed
258858000
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
220000
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
47683000
talo Asset Retirement Obligations Divested
AssetRetirementObligationsDivested
-19417000
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
42174000
us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
23239000
CY2023Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
799052000
CY2023Q2 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
57551000
CY2023Q2 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
741501000
CY2023Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
3657000
CY2022Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1734000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
7365000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
3793000
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
1188000
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
567000
us-gaap Operating Lease Cost
OperatingLeaseCost
2096000
us-gaap Operating Lease Cost
OperatingLeaseCost
1135000
CY2023Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
36864000
CY2022Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
6094000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
69849000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
11856000
CY2023Q2 us-gaap Variable Lease Cost
VariableLeaseCost
827000
CY2022Q2 us-gaap Variable Lease Cost
VariableLeaseCost
362000
us-gaap Variable Lease Cost
VariableLeaseCost
1190000
us-gaap Variable Lease Cost
VariableLeaseCost
725000
CY2023Q2 us-gaap Sublease Income
SubleaseIncome
69000
CY2022Q2 us-gaap Sublease Income
SubleaseIncome
0
us-gaap Sublease Income
SubleaseIncome
69000
us-gaap Sublease Income
SubleaseIncome
0
CY2023Q2 us-gaap Lease Cost
LeaseCost
42467000
CY2022Q2 us-gaap Lease Cost
LeaseCost
8757000
us-gaap Lease Cost
LeaseCost
80431000
us-gaap Lease Cost
LeaseCost
17509000
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
18104000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5903000
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3136000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1943000
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
25173000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
14855000
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
28309000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
16798000
CY2023Q2 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
166261000
CY2022Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
166261000
CY2023Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
17028000
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
16306000
CY2023Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
140317000
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
149064000
CY2023Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
157345000
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
165370000
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
7365000
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
3793000
us-gaap Operating Lease Payments
OperatingLeasePayments
2787000
us-gaap Operating Lease Payments
OperatingLeasePayments
1845000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
12971000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0
us-gaap Concentration Risk Credit Risk Financial Instruments
ConcentrationRiskCreditRiskFinancialInstruments
The Company is subject to the risk of loss on its financial instruments as a result of nonperformance by counterparties pursuant to the terms of their contractual obligations. The Company has entered into International Swaps and Derivative Association agreements with counterparties to mitigate this risk. The Company also maintains credit policies with regard to its counterparties to minimize overall credit risk. These policies require (i) the evaluation of potential counterparties’ financial condition to determine their credit worthiness; (ii) the regular monitoring of counterparties’ credit exposures; (iii) the use of contract language that affords the Company netting or set off opportunities to mitigate exposure risk; and (iv) potentially requiring counterparties to post cash collateral, parent guarantees, or letters of credit to minimize credit risk. The Company’s assets and liabilities from commodity price risk management activities at June 30, 2023 represent derivative instruments from nine counterparties; all of which are registered swap dealers that have an “investment grade” (minimum Standard & Poor’s rating of BBB- or better) credit rating, and eight of which are parties under the Company’s Bank Credit Facility. The Company enters into derivatives directly with these counterparties and, subject to the terms of the Company’s Bank Credit Facility, is not required to post collateral or other securities for credit risk in relation to the derivative activities. Had the Company’s counterparties failed to perform under existing commodity derivative contracts the maximum loss at June 30, 2023 would have been $44.9 million.
us-gaap Concentration Risk Credit Risk Financial Instrument Maximum Exposure
ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposure
44900000
CY2023Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1081041000
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
638541000
CY2023Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
47776000
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
53201000
CY2023Q2 us-gaap Long Term Debt
LongTermDebt
1033265000
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
585340000
CY2023Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
33156000
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
0
CY2023Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1000109000
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
585340000
CY2023Q1 us-gaap Debt Instrument Frequency Of Periodic Payment
DebtInstrumentFrequencyOfPeriodicPayment
The indenture governing the 11.75% Notes requires the redemption of $15.0 million of the principal amount outstanding at par value on April 15th and October 15th of each year
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
5604000
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4749000
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4049000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8687000
CY2023Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
8291000
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
7319000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
15482000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
12971000
CY2023Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
3542000
CY2022Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
3270000
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
6795000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7367000
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6900000
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.335
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.335
CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2600000
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.013
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.013
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-39700000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.621
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.621
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
54900000
us-gaap Valuation Allowance Deferred Tax Asset Explanation Of Change
ValuationAllowanceDeferredTaxAssetExplanationOfChange
The release of the valuation allowance is a result of the deferred tax liabilities acquired with the EnVen Acquisition
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2100000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.016
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.016
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
13677000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
195141000
us-gaap Net Income Loss
NetIncomeLoss
103537000
us-gaap Net Income Loss
NetIncomeLoss
128700000
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
125436000
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
82566000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
115590000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
82320000
CY2023Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
231000
CY2022Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1099000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
773000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
927000
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
125667000
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
83665000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
116363000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
83247000
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.36
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.9
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.56
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.33
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.89
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.55
CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1640000
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1311000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1664000
talo Stockholders Agreement Date
StockholdersAgreementDate
2018-05-10
talo Stockholders Agreement Amendment Date
StockholdersAgreementAmendmentDate
2020-02-24
talo Amended Restated Stockholders Agreement Date
AmendedRestatedStockholdersAgreementDate
2022-03-29
CY2023Q1 talo Amended Restated Stockholders Agreement Termination Date
AmendedRestatedStockholdersAgreementTerminationDate
2023-02-13
CY2022Q1 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
27500000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
us-gaap Segment Reporting No Asset Information
SegmentReportingNoAssetInformation
true
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
20569000
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
197748000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
63886000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
130835000
us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
298658000
us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
128082000
CY2023Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
0000950170-23-040006-index-headers.html Edgar Link pending
0000950170-23-040006-index.html Edgar Link pending
0000950170-23-040006.txt Edgar Link pending
0000950170-23-040006-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
img124196063_0.jpg Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
talo-20230630.htm Edgar Link pending
talo-20230630.xsd Edgar Link pending
talo-ex31_1.htm Edgar Link pending
talo-ex31_2.htm Edgar Link pending
talo-ex32_1.htm Edgar Link pending
talo-20230630_def.xml Edgar Link unprocessable
talo-20230630_lab.xml Edgar Link unprocessable
talo-20230630_pre.xml Edgar Link unprocessable
talo-20230630_htm.xml Edgar Link completed
FilingSummary.xml Edgar Link unprocessable
talo-20230630_cal.xml Edgar Link unprocessable