3Q 2025 Earnings Conference Call & Webcast November 6, 2025 www.talosenergy.com NYSE: TALO 1
Cautionary Statements Cautionary Statements Reserve Information The information in this presentation includes forward-looking statements within the meaning of Section 27A of the Securities Act of Reserve engineering is a process of…
Talos Overview Transforming Into a Leading Pure-Play Offshore E&P Company LA TX FL High margin oil weighted production Offshore Gulf of America High quality and stable asset base Infrastructure focused Gulf of America Short…
Taloss Enhanced Strategy Transforming Into a Leading Pure-Play Offshore E&P Company Three Strategic Pillars Disciplined Capital Allocation Framework INVEST Improve Our Business Every Day in projects that generate robust returns…
Strong Operational Performance Yielding Solid Financial Results 3Q 2025 95.2 MBOE/D 301 MM 105 MM Average Daily Production Adj. EBITDA(1) CAPEX(2) 70% / 76% 34/BOE 103 MM Oil / Liquids Adj. EBITDA/BOE(1) Adj. FCF(1)(3) Return…
Delivering on Shareholder Returns Cumulative Value of Shares Repurchased Millions 148 TOTAL 48 8% 100 TOTAL (1) 33 33 67 TOTAL OF OUTSTANDING STOCK 45 TOTAL 22 22 22 REPURCHASED for 148 MM 45 45 45 45 2024…
Exceeding Optimal Performance Plan Target in 2025 Momentum Toward Achieving Our 100 MM Target by 2026 Improving Our Business Every Day Exceeding FY 2025 Target Targeted Cash Flow Improvement Delivered Cash Flow Enhancements Advancing…
Advantaged Cost Structure + Top Decile EBITDA Margin in E&P Sector Optimal Performance Plan Translating Into 2025E EBITDA Margin Operating Cost Efficiencies Consensus /BOE Operating Expenses /BOE 0 5 10 15 20 25 30 35 40 45 16.70…
Daenerys Exploration Update Subsalt Miocene Discovery Discovery Well Highlights Appraisal Well Objectives TBD Large Miocene structure Test the northern part of the prospect Discovery well drilled to total vertical depth Well planned…
Improved 2025 Operational and Financial Outlook Improved full-year 2025 guidance reflects higher production, lower operating expenses and lower capital expenditures 4Q 2025: Expect oil production to be 72% of oil-equivalent production…
Strong Balance Sheet and No Near-Term Maturities 0 Drawn Cash Balance and Debt Maturities Millions Credit Facility 657(3) 333 MM Availability 625 625 Cash at Quarter-End 333 1.0 BN Liquidity(1) 0 0.7x DRAWN Cash…
Talos Investment Rationale Leading Pure-Play Offshore E&P Company Expertise in exploration, drilling, engineering and subsea completion Drive operational excellence to generate FCF Strong Financial and Operational Performance…
Appendix 15
Non-GAAP Reconciliations Three Months Ended ( Thousands) September 30, 2025 June 30, 2025 March 31, 2025 December 31, 2024 Reconciliation of Net Income (Loss) attributable to Talos Energy Inc. to Adjusted EBITDA attributable to Talos…
Non-GAAP Reconciliations Three Months Ended ( Thousands) September 30, 2025 Reconciliation of Adjusted EBITDA attributable to Talos Energy Inc. to Adjusted Free Cash Flow attributable to Talos Energy Inc. (before changes in working…
Non-GAAP Reconciliations Three Months Ended ( Thousands) September 30, 2025 Reconciliation of General & Administrative Expenses to Adjusted General & Administrative Expenses: Total General and administrative expense 41,547 Transaction…
Non-GAAP Reconciliations Three Months Ended, September 30, 2025 ( Thousands, except per share amounts) Basic per Share Diluted per Share Reconciliation of Net Income (Loss) attributable to Talos Energy Inc. to Adjusted Net Income (Loss)…
Non-GAAP Reconciliations ( Thousands) September 30, 2025 Reconciliation of Net Debt: 9.000% Second-Priority Senior Secured Notes 625,000 9.375% Second-Priority Senior Secured Notes 625,000 Bank Credit Facility matures March 2027 Total…
Talos Hedge Book as of October 31, 2025 Instrument Type Avg. Daily Volume W.A. Swap W.A. Floor W.A. Ceiling Crude WTI (BBLs) (Per BBL) (Per BBL) (Per BBL) October December 2025 Fixed Swaps 23,967 71.01 January March 2026 Fixed Swaps…
Loading...
