$TALO
TALOS ENERGY INC.

2024 Q3 Form 10-Q Financial Statement

#000095017024093063 Filed on August 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $509.3M $549.2M
YoY Change 32.93% 49.55%
Cost Of Revenue $163.6M $157.8M
YoY Change 57.13% 55.04%
Gross Profit $345.7M $391.4M
YoY Change 23.91% 47.45%
Gross Profit Margin 67.88% 71.27%
Selling, General & Admin $59.55M $41.62M
YoY Change -33.24% 40.27%
% of Gross Profit 17.23% 10.63%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $274.2M $259.1M
YoY Change 67.88% 52.59%
% of Gross Profit 79.33% 66.2%
Operating Expenses $339.9M $330.4M
YoY Change 56.91% 49.16%
Operating Profit $23.55M $54.37M
YoY Change -81.43% 34.5%
Interest Expense $46.28M $48.98M
YoY Change 1.4% 7.34%
% of Operating Profit 196.54% 90.09%
Other Income/Expense, Net $3.267M $4.164M
YoY Change 48.97% 161.72%
Pretax Income $106.3M $11.40M
YoY Change -691.52% -44.59%
Income Tax $18.10M -$1.000M
% Of Pretax Income 17.03% -8.77%
Net Earnings $88.17M $12.38M
YoY Change -4292.72% -9.48%
Net Earnings / Revenue 17.31% 2.25%
Basic Earnings Per Share $0.49 $0.07
Diluted Earnings Per Share $0.49 $0.07
COMMON SHARES
Basic Shares Outstanding 180.2M 183.9M
Diluted Shares Outstanding 180.6M 183.7M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $127.6M $54.21M
YoY Change 408.2% -14.02%
Cash & Equivalents $45.54M $37.80M
Short-Term Investments $82.02M $16.41M
Other Short-Term Assets $41.66M $18.12M
YoY Change 188.16% 5.05%
Inventory
Prepaid Expenses $93.20M $79.87M
Receivables $210.2M $243.8M
Other Receivables $183.0M $169.8M
Total Short-Term Assets $655.6M $565.8M
YoY Change 59.27% 28.54%
LONG-TERM ASSETS
Property, Plant & Equipment $5.409B $5.481B
YoY Change 34.99% 32.47%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $109.1M $109.7M
YoY Change -22.97% 388.89%
Other Assets $22.23M $5.964M
YoY Change 65.22% -65.94%
Total Long-Term Assets $5.744B $5.796B
YoY Change 32.29% 32.78%
TOTAL ASSETS
Total Short-Term Assets $655.6M $565.8M
Total Long-Term Assets $5.744B $5.796B
Total Assets $6.399B $6.362B
YoY Change 34.63% 32.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $161.5M $91.87M
YoY Change 28.63% -50.12%
Accrued Expenses $307.8M $315.2M
YoY Change 50.07% 43.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $677.9M $711.6M
YoY Change 7.64% 2.86%
LONG-TERM LIABILITIES
Long-Term Debt $1.338B $1.436B
YoY Change 31.31% 43.57%
Other Long-Term Liabilities $414.8M $389.1M
YoY Change 55.34% 37.29%
Total Long-Term Liabilities $1.753B $1.825B
YoY Change 36.3% 42.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $677.9M $711.6M
Total Long-Term Liabilities $1.753B $1.825B
Total Liabilities $3.581B $3.636B
YoY Change 33.09% 32.51%
SHAREHOLDERS EQUITY
Retained Earnings -$359.6M -$447.8M
YoY Change -17.07% 3.77%
Common Stock $3.270B $3.265B
YoY Change 28.58% 28.48%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.818B $2.726B
YoY Change
Total Liabilities & Shareholders Equity $6.399B $6.362B
YoY Change 34.63% 32.39%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $88.17M $12.38M
YoY Change -4292.72% -9.48%
Depreciation, Depletion And Amortization $274.2M $259.1M
YoY Change 67.88% 52.59%
Cash From Operating Activities $227.5M $289.4M
YoY Change 246.22% 35.07%
INVESTING ACTIVITIES
Capital Expenditures $86.03M $123.1M
YoY Change -34.53% -39.42%
Acquisitions
YoY Change
Other Investing Activities -$19.15M -$2.108M
YoY Change -136.83% -13.07%
Cash From Investing Activities -$105.2M -$125.2M
YoY Change 32.63% -39.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -113.5M -146.4M
YoY Change -1191.41% 1915.69%
NET CHANGE
Cash From Operating Activities 227.5M 289.4M
Cash From Investing Activities -105.2M -125.2M
Cash From Financing Activities -113.5M -146.4M
Net Change In Cash 8.780M 17.80M
YoY Change -374.38% 1212.98%
FREE CASH FLOW
Cash From Operating Activities $227.5M $289.4M
Capital Expenditures $86.03M $123.1M
Free Cash Flow $141.4M $166.3M
YoY Change -315.28% 1405.81%

Facts In Submission

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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2024Q2 us-gaap Income Tax Expense Benefit
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CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2024Q2 us-gaap Net Income Loss
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CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
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CY2024Q2 us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
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CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
171027000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
171027000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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116363000
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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8227000
CY2023Q2 us-gaap Treasury Stock Value Acquired Cost Method
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CY2023Q2 us-gaap Net Income Loss
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CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2024Q1 us-gaap Stockholders Equity
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2752185000
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2024Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2024Q2 us-gaap Treasury Stock Value Acquired Cost Method
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CY2024Q2 us-gaap Net Income Loss
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CY2024Q2 us-gaap Stockholders Equity
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CY2022Q4 us-gaap Stockholders Equity
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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15459000
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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us-gaap Stock Issued During Period Value Acquisitions
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us-gaap Treasury Stock Value Acquired Cost Method
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us-gaap Net Income Loss
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CY2023Q2 us-gaap Stockholders Equity
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CY2023Q4 us-gaap Stockholders Equity
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9541000
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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us-gaap Stock Issued During Period Value Acquisitions
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us-gaap Stock Issued During Period Value New Issues
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us-gaap Treasury Stock Value Acquired Cost Method
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us-gaap Net Income Loss
NetIncomeLoss
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CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
2726325000
us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
103537000
talo Depreciation Depletion Amortization And Accretion Expense
DepreciationDepletionAmortizationAndAccretionExpense
532390000
talo Depreciation Depletion Amortization And Accretion Expense
DepreciationDepletionAmortizationAndAccretionExpense
359291000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
5084000
us-gaap Amortization Of Financing Costs And Discounts
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7629000
us-gaap Share Based Compensation
ShareBasedCompensation
5544000
us-gaap Share Based Compensation
ShareBasedCompensation
8687000
us-gaap Gain Loss From Price Risk Management Activity
GainLossFromPriceRiskManagementActivity
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us-gaap Gain Loss From Price Risk Management Activity
GainLossFromPriceRiskManagementActivity
85134000
talo Net Cash Received Paid From Price Risk Management Activity
NetCashReceivedPaidFromPriceRiskManagementActivity
-21012000
talo Net Cash Received Paid From Price Risk Management Activity
NetCashReceivedPaidFromPriceRiskManagementActivity
-4161000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-8510000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5431000
us-gaap Gains Losses On Extinguishment Of Debt
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-60256000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0
us-gaap Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
50128000
us-gaap Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
47683000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
2500000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
0
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
86940000
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
0
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-3076000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-35127000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
5150000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
23790000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-43608000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
17748000
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-22975000
us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
22182000
us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
44124000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
385790000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
277083000
us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
269170000
us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
298658000
us-gaap Cash Acquired In Excess Of Payments To Acquire Business
CashAcquiredInExcessOfPaymentsToAcquireBusiness
0
us-gaap Cash Acquired In Excess Of Payments To Acquire Business
CashAcquiredInExcessOfPaymentsToAcquireBusiness
17617000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
916045000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0
talo Payments For Sale Of Property And Equipment Net
PaymentsForSaleOfPropertyAndEquipmentNet
0
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PaymentsForSaleOfPropertyAndEquipmentNet
8488000
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
19627000
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
15260000
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
0
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
7796000
us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
141997000
us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
0
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1062845000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-312585000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
387717000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
1250000000
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
0
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
897116000
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
15000000
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
770000000
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
505000000
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
745000000
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
305000000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
27386000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
11775000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1234000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-462000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
8747000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
8026000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
39326000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5687000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
7378000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
683221000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
109855000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
6166000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
135999000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
142165000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
118498000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
79832000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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us-gaap Interest Paid Net
InterestPaidNet
64452000
us-gaap Interest Paid Net
InterestPaidNet
63492000
dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2017-11-14
CY2024Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
37797000
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
33637000
CY2024Q2 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
104368000
CY2023Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
102362000
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
142165000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
135999000
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
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CY2024Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
3272000
CY2023Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
3657000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
6644000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
7365000
CY2024Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
1113000
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
1188000
us-gaap Operating Lease Cost
OperatingLeaseCost
2010000
us-gaap Operating Lease Cost
OperatingLeaseCost
2096000
CY2024Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
4787000
CY2023Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
36864000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
17439000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
69849000
CY2024Q2 us-gaap Variable Lease Cost
VariableLeaseCost
616000
CY2023Q2 us-gaap Variable Lease Cost
VariableLeaseCost
827000
us-gaap Variable Lease Cost
VariableLeaseCost
1232000
us-gaap Variable Lease Cost
VariableLeaseCost
1190000
CY2024Q2 us-gaap Sublease Income
SubleaseIncome
359000
CY2023Q2 us-gaap Sublease Income
SubleaseIncome
69000
us-gaap Sublease Income
SubleaseIncome
718000
us-gaap Sublease Income
SubleaseIncome
69000
CY2024Q2 us-gaap Lease Cost
LeaseCost
9429000
CY2023Q2 us-gaap Lease Cost
LeaseCost
42467000
us-gaap Lease Cost
LeaseCost
26607000
us-gaap Lease Cost
LeaseCost
80431000
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
12429000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
11418000
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3928000
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2666000
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
17332000
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
18211000
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
21260000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
20877000
CY2024Q2 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
166261000
CY2023Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
166261000
CY2024Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
18703000
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
17834000
CY2024Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
121614000
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
131230000
CY2024Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
140317000
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
149064000
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
6644000
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
7365000
us-gaap Operating Lease Payments
OperatingLeasePayments
2639000
us-gaap Operating Lease Payments
OperatingLeasePayments
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1909000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
12971000
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, 2024 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, 2024 would have been $4.8 million.
us-gaap Concentration Risk Credit Risk Financial Instrument Maximum Exposure
ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposure
4800000
CY2024Q2 us-gaap Equity Method Investments
EquityMethodInvestments
109688000
CY2023Q4 us-gaap Equity Method Investments
EquityMethodInvestments
146049000
CY2024Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1475000000
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1066041000
CY2024Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
39101000
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
40367000
CY2024Q2 us-gaap Long Term Debt
LongTermDebt
1435899000
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
1025674000
CY2024Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
0
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
33060000
CY2024Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1435899000
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
992614000
CY2023Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
897226000
talo Fair Value Of Asset Retirement Obligations Assumed
FairValueOfAssetRetirementObligationsAssumed
199519000
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
107000
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
50128000
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
57635000
us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
54488000
CY2024Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
1158847000
CY2024Q2 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
78765000
CY2024Q2 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
1080082000
CY2024Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
4954000
CY2023Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
8291000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
9569000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
15482000
CY2024Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
2164000
CY2023Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
3542000
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
4025000
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
6795000
CY2024Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2790000
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4749000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5544000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8687000
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1000000
CY2024Q2 us-gaap Effective Income Tax Rate Continuing Operations
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-0.086
CY2024Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.086
CY2024Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
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
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-22600000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.184
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.184
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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us-gaap Income Tax Expense Benefit
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us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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CY2024Q2 us-gaap Net Income Loss
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12381000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
13677000
us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
103537000
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2024Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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128000
CY2023Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
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CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2024Q2 us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2024Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2169000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1311000
us-gaap Stock Issued During Period Shares New Issues
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34500000
CY2024Q1 us-gaap Debt Instrument Face Amount
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CY2024Q1 us-gaap Payments For Legal Settlements
PaymentsForLegalSettlements
14400000
CY2024Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
CY2024Q1 us-gaap Segment Reporting No Asset Information
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CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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11398000
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
20569000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-122614000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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63886000
us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
269170000
us-gaap Payments To Explore And Develop Oil And Gas Properties
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CY2024Q2 ecd Rule10b51 Arr Adopted Flag
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false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
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CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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