1Q 2025 Earnings Conference Call & Webcast May 6, 2025 www.talosenergy.com NYSE: TALO 1
Talos Overview LA TX FL High margin oil weighted production Offshore Gulf of America High quality and stable asset base Infrastructure focused Gulf of America Short cycle offshore drilling inventory Capital discipline MEXICO…
1Q 2025 and Recent Financial and Operational Highlights RECENT HIGHLIGHTS 1Q 2025 Beat 1Q 2025 consensus on production, Adj. EBITDA and Adj. FCF for fifth consecutive quarter 100.9 MBOE/D 68% / 78% Announced return of up to 50% of…
Five Consecutive Quarters Delivering Operationally and Financially 1Q 2025 363.0 100.9 194.5 +15% +77% +1% 100.0 315.0 Beat consensus on Talos Production, 110.0 Adj. EBITDA, and Adj. FCF for the last five consecutive…
Consistently Achieve Top Quartile Ranking for EBITDA Margin One of the highest EBITDA/BOE margins in the E&P sector(1) 1Q 2025: 40 per BOE 1Q 2025E EBITDA Margin 2025E EBITDA Margin Consensus /BOE Consensus /BOE 0 5 10 15 20 25 30 35…
Delivering Operationally Finished well completion SUNSPEAR First production expected late 2Q 2025 Initiated Completion Operations KATMAI WEST on Katmai West 2 well First production expected late 2Q 2025 Drilling operations to…
Prioritizing Safety and Environment in Everything We Do Employee Safety TRIR and SIFR Performance 1.0 0.13 TRIR 0.8 In 1.55 MM work hours GOA Average TRIR 0.6 Significantly below GOA average of 0.51 Talos TRIR 0.4 Talos SIFR 0.2…
Flexible 2025 Capital Budget Highlights Flexibility in 2H 2025 to reduce budget Robust 2H 2025 development projects economic at an P&A average price of 35 per barrel 18% Investment in Upstream CAPEX on track: 500 - 540 MM Mexico…
Reaffirming 2025 Operational and Financial Guidance 2025 focus on operational execution, financial discipline, and free cash flow generation 2Q 2025 production guidance 92 - 96 MBOE/D Expect Free Cash Flow in 2025 2025E Guidance…
2025 Production Guidance Considerations 2025E Average Daily Production (MBOE/D) Taloss 2025 guidance accounts for expected production impacts, 100.0 105.0 including maintenance, third- party projects, and timing- related…
Talos is Well Hedged Daily Hedged Oil Volumes MBO/D Robust hedge positions helps protect cash flow in a volatile commodity price 72.22 73.45 HEDGE environment HEDGE 40 38 Allows Talos to generate free cash flow for the full…
Strong Balance Sheet and No Near-Term Maturities Cash Balance and Debt Maturities Millions Paid down 550 MM of debt in 800(2) Availability 2024 since closing QuarterNorth acquisition, accreting over 3.00 per share to shareholders…
Maintaining Flexibility to Execute Most Accretive Options INVEST in projects that generate robust returns throughout the commodity cycles RETURN STRENGTHEN up to 50% of annual the balance sheet to be FCF via opportunistic…
1Q 2025 Scorecard Delivered strong 1Q 2025 performance Beat quarterly consensus on Production, Adj. EBITDA, and Adj. FCF Committed to Balance Sheet Strength Driving value 0 drawn credit facility, 0.8x leverage ratio, 960 MM in…
Appendix 17
Katmai West 2 Adds Material Proved Reserves Tarantula Strategic Elements Lower Miocene Structure Map Talos: 100% WI Katmai West 2 SA Initiated completion operations LT EL W Katmai West 2 well was drilled D Katmai…
Sunspear Discovery Strategic Elements Structure Map Prince Finished well completion operations Sunspear Successful development well discovered 350 Pay Sand Acres 149 ft of net oil pay in main target A High reservoir pressure and…
Daenerys High-Impact Subsalt Miocene Exploration Opportunity Strategic Elements Lower Miocene Structure Map TBD Focus on drilling late 2Q 2025 Farm-in transaction covering 23,000 gross acres Large Middle and Lower Miocene 4-way…
Monument High-Impact Subsalt Wilcox Discovery Acquisition of Major Discovery with Material Resource Life Strategic Elements Wilcox Structure Map 2P Reserves Shenandoah Wilcox discovery with two well penetrations (FID Feb 2024)…
Ewing Bank 953 First Success in 2024 Multi-Well Drilling Program Strategic Elements Structure Map Megalodon Discovered 127 ft of net hydrocarbon pay Excellent rock properties and collected pressure and fluid samples Expect…
Non-GAAP Reconciliations Three Months Ended ( Thousands) March 31, 2025 December 31, 2024 September 30, 2024 June 30, 2024 Reconciliation of Net Income (Loss) to Adjusted EBITDA: Net Income (loss) (9,868) (64,508) 88,173 12,381 Interest…
Non-GAAP Reconciliations Three Months Ended ( Thousands) March 31, 2025 Reconciliation of Adjusted EBITDA to Adjusted Free Cash Flow (before changes in working capital): Adjusted EBITDA 363,003 Capital expenditures (117,574) Plugging &…
Non-GAAP Reconciliations Three Months Ended ( Thousands) March 31, 2025 Reconciliation of General & Administrative Expenses to Adjusted General & Administrative Expenses: Total General and administrative expense 34,615 Transaction and…
Non-GAAP Reconciliations Three Months Ended, March 31, 2025 ( Thousands, except per share amounts) Basic per Share Diluted per Share Reconciliation of Net Income (Loss) to Adjusted Net Income (Loss): Net Income (loss) (9,868) (0.05)…
Non-GAAP Reconciliations ( Thousands) March 31, 2025 Reconciliation of Net Debt: 9.000% Second-Priority Senior Secured Notes due February 2029 625,000 9.375% Second-Priority Senior Secured Notes due February 2031 625,000 Bank Credit…
Talos Hedge Book as of April 30, 2025 Instrument Type Avg. Daily Volume W.A. Swap W.A. Floor W.A. Ceiling Crude WTI (BBLs) (Per BBL) (Per BBL) (Per BBL) April June 2025 Fixed Swaps 38,000 73.45 July September 2025 Fixed Swaps 20,685…
Loading...
