$TALO
TALOS ENERGY INC.

2024 Q4 Form 10-Q Financial Statement

#000095017024125580 Filed on November 12, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $509.3M
YoY Change 32.93%
Cost Of Revenue $163.6M
YoY Change 57.13%
Gross Profit $345.7M
YoY Change 23.91%
Gross Profit Margin 67.88%
Selling, General & Admin $59.55M
YoY Change -33.24%
% of Gross Profit 17.23%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $274.2M
YoY Change 67.88%
% of Gross Profit 79.33%
Operating Expenses $339.9M
YoY Change 56.91%
Operating Profit $23.55M
YoY Change -81.43%
Interest Expense $46.28M
YoY Change 1.4%
% of Operating Profit 196.54%
Other Income/Expense, Net $3.267M
YoY Change 48.97%
Pretax Income $106.3M
YoY Change -691.52%
Income Tax $18.10M
% Of Pretax Income 17.03%
Net Earnings $88.17M
YoY Change -4292.72%
Net Earnings / Revenue 17.31%
Basic Earnings Per Share $0.49
Diluted Earnings Per Share $0.49
COMMON SHARES
Basic Shares Outstanding 180.0M 180.2M
Diluted Shares Outstanding 180.6M

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $127.6M
YoY Change 408.2%
Cash & Equivalents $45.54M
Short-Term Investments $82.02M
Other Short-Term Assets $41.66M
YoY Change 188.16%
Inventory
Prepaid Expenses $93.20M
Receivables $210.2M
Other Receivables $183.0M
Total Short-Term Assets $655.6M
YoY Change 59.27%
LONG-TERM ASSETS
Property, Plant & Equipment $5.409B
YoY Change 34.99%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $109.1M
YoY Change -22.97%
Other Assets $22.23M
YoY Change 65.22%
Total Long-Term Assets $5.744B
YoY Change 32.29%
TOTAL ASSETS
Total Short-Term Assets $655.6M
Total Long-Term Assets $5.744B
Total Assets $6.399B
YoY Change 34.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $161.5M
YoY Change 28.63%
Accrued Expenses $307.8M
YoY Change 50.07%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $677.9M
YoY Change 7.64%
LONG-TERM LIABILITIES
Long-Term Debt $1.338B
YoY Change 31.31%
Other Long-Term Liabilities $414.8M
YoY Change 55.34%
Total Long-Term Liabilities $1.753B
YoY Change 36.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $677.9M
Total Long-Term Liabilities $1.753B
Total Liabilities $3.581B
YoY Change 33.09%
SHAREHOLDERS EQUITY
Retained Earnings -$359.6M
YoY Change -17.07%
Common Stock $3.270B
YoY Change 28.58%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.818B
YoY Change
Total Liabilities & Shareholders Equity $6.399B
YoY Change 34.63%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $88.17M
YoY Change -4292.72%
Depreciation, Depletion And Amortization $274.2M
YoY Change 67.88%
Cash From Operating Activities $227.5M
YoY Change 246.22%
INVESTING ACTIVITIES
Capital Expenditures $86.03M
YoY Change -34.53%
Acquisitions
YoY Change
Other Investing Activities -$19.15M
YoY Change -136.83%
Cash From Investing Activities -$105.2M
YoY Change 32.63%
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
YoY Change -1191.41%
NET CHANGE
Cash From Operating Activities 227.5M
Cash From Investing Activities -105.2M
Cash From Financing Activities -113.5M
Net Change In Cash 8.780M
YoY Change -374.38%
FREE CASH FLOW
Cash From Operating Activities $227.5M
Capital Expenditures $86.03M
Free Cash Flow $141.4M
YoY Change -315.28%

Facts In Submission

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Talos Energy Inc.
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-0.07
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.86
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.49
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.07
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.85
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
180204000
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
124103000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
174108000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
118459000
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
180561000
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
124103000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
174108000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
119262000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
2061888000
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2353000
CY2023Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
76000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-2103000
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
2062062000
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
2726325000
CY2024Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5454000
CY2024Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
104000
CY2024Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
2212000
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
88173000
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
2817636000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
1165576000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
17812000
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
7454000
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
101434000
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
2062062000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
2155151000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
14995000
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
5791000
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
322630000
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
387717000
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
45181000
us-gaap Net Income Loss
NetIncomeLoss
-11885000
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
2817636000
us-gaap Profit Loss
ProfitLoss
-11885000
us-gaap Profit Loss
ProfitLoss
101434000
talo Depreciation Depletion Amortization And Accretion Expense
DepreciationDepletionAmortizationAndAccretionExpense
836057000
talo Depreciation Depletion Amortization And Accretion Expense
DepreciationDepletionAmortizationAndAccretionExpense
543906000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
6930000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
11247000
us-gaap Share Based Compensation
ShareBasedCompensation
8859000
us-gaap Share Based Compensation
ShareBasedCompensation
9080000
us-gaap Gain Loss From Price Risk Management Activity
GainLossFromPriceRiskManagementActivity
41531000
us-gaap Gain Loss From Price Risk Management Activity
GainLossFromPriceRiskManagementActivity
-13668000
talo Net Cash Received Paid From Price Risk Management Activity
NetCashReceivedPaidFromPriceRiskManagementActivity
-14941000
talo Net Cash Received Paid From Price Risk Management Activity
NetCashReceivedPaidFromPriceRiskManagementActivity
-10474000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-9054000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2938000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-60256000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0
us-gaap Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
86074000
us-gaap Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
71097000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
10069000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
66115000
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
100482000
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
0
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-24183000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-3821000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
34649000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
12992000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
12624000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-30063000
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-41246000
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-89511000
us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
3830000
us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
57155000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
613256000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
342811000
us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
355197000
us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
438506000
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
936214000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0
talo Payments For Sale Of Property And Equipment Net
PaymentsForSaleOfPropertyAndEquipmentNet
-1017000
talo Payments For Sale Of Property And Equipment Net
PaymentsForSaleOfPropertyAndEquipmentNet
-66183000
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
19627000
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
29372000
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
-1168024000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-391874000
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
820000000
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
675000000
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
895000000
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
460000000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
29886000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
11775000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1791000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-841000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
13238000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
12117000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
45181000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
47504000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5791000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
7454000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
569714000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
120309000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
14946000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
71246000
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
44145000
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
150945000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
115391000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
110201000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
90688000
us-gaap Interest Paid Net
InterestPaidNet
127367000
us-gaap Interest Paid Net
InterestPaidNet
108931000
dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2017-11-14
CY2024Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
45542000
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
33637000
CY2024Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
105403000
CY2023Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
102362000
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
150945000
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
34500000
CY2024Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
3205000
CY2023Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
3604000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
9849000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
10969000
CY2024Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
1113000
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
1323000
us-gaap Operating Lease Cost
OperatingLeaseCost
3123000
us-gaap Operating Lease Cost
OperatingLeaseCost
3419000
CY2024Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
2674000
CY2023Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
33152000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
20113000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
103001000
CY2024Q3 us-gaap Variable Lease Cost
VariableLeaseCost
616000
CY2023Q3 us-gaap Variable Lease Cost
VariableLeaseCost
666000
us-gaap Variable Lease Cost
VariableLeaseCost
1848000
us-gaap Variable Lease Cost
VariableLeaseCost
1856000
CY2024Q3 us-gaap Sublease Income
SubleaseIncome
359000
CY2023Q3 us-gaap Sublease Income
SubleaseIncome
207000
us-gaap Sublease Income
SubleaseIncome
1077000
us-gaap Sublease Income
SubleaseIncome
276000
CY2024Q3 us-gaap Lease Cost
LeaseCost
7249000
CY2023Q3 us-gaap Lease Cost
LeaseCost
38538000
us-gaap Lease Cost
LeaseCost
33856000
us-gaap Lease Cost
LeaseCost
118969000
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
11858000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
11418000
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3933000
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2666000
CY2024Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
16359000
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
18211000
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
20292000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
20877000
CY2024Q3 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
CY2024Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
19140000
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
17834000
CY2024Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
116686000
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
131230000
CY2024Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
135826000
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
149064000
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
9849000
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
10969000
us-gaap Operating Lease Payments
OperatingLeasePayments
4149000
us-gaap Operating Lease Payments
OperatingLeasePayments
4880000
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
talo Remeasurement Of Lease Liability Arising From Modification Of Rou Asset
RemeasurementOfLeaseLiabilityArisingFromModificationOfRouAsset
0
talo Remeasurement Of Lease Liability Arising From Modification Of Rou Asset
RemeasurementOfLeaseLiabilityArisingFromModificationOfRouAsset
-5124000
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 September 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 September 30, 2024 would have been $86.4 million.
us-gaap Concentration Risk Credit Risk Financial Instrument Maximum Exposure
ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposure
86400000
CY2024Q3 us-gaap Equity Method Investments
EquityMethodInvestments
109144000
CY2023Q4 us-gaap Equity Method Investments
EquityMethodInvestments
146049000
CY2024Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1375000000
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1066041000
CY2024Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
37255000
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
40367000
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
1337745000
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
1025674000
CY2024Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
0
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
33060000
CY2024Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1337745000
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
86074000
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
87053000
us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
92044000
CY2024Q3 us-gaap Asset Retirement Obligation
AssetRetirementObligation
1189875000
CY2024Q3 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
55730000
CY2024Q3 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
1134145000
CY2024Q3 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
55730000
CY2024Q3 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
1134145000
CY2024Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
5477000
CY2023Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
2556000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
15046000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
18038000
CY2024Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
2162000
CY2023Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
2163000
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
6187000
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
8958000
CY2024Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3315000
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
393000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8859000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9080000
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18100000
CY2024Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.17
CY2024Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-15900000
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.883
CY2023Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-4400000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.272
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-55500000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-1.209
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
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
88173000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-2103000
us-gaap Net Income Loss
NetIncomeLoss
-11885000
us-gaap Net Income Loss
NetIncomeLoss
101434000
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
180204000
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