Talos Energy (TALO) Misses Q1 EPS by 4c ; Provides Outlook

Talos Energy (NYSE: TALO) reported Q1 EPS of ($0.13), $0.04 worse than the analyst estimate of ($0.09). Revenue for the quarter came in at $429.9 million versus the consensus estimate of $409.27 million.

Outlook:-

For the second quarter 2024, Talos expects average daily production of 93.0 - 96.0 MBoe/d (70% oil), which includes the impact of 5.0 – 6.0 MBOE/D from the planned HP-I drydock and a full quarter contribution from QuarterNorth.

Talos\'s reiterates its full year 2024 operational and financial guidance and continues to expect average daily production of 89.0 - 95.0 MBoe/d (71% oil).

Talos increased its target debt reduction amount to $550 million from the previous $400 million.

For earnings history and earnings-related data on Talos Energy (TALO) click here.

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