Talos Energy Announces Third Quarter 2020 Financial And Operational Results

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Go back to Talos Energy Announces Third Quarter 2020 Financial And Operational Results

Talos Energy (TALO) Misses Q3 EPS by 3c, Revenues Miss

November 4, 2020 4:36 PM EST

Talos Energy (NYSE: TALO) reported Q3 EPS of ($0.52), $0.03 worse than the analyst estimate of ($0.49). Revenue for the quarter came in at $135.14 million versus the consensus estimate of $160.2 million.

Key Highlights:

Production of 48.6 thousand barrels of oil equivalent per day ("MBoe/d"), of which 67% was oil and 74% was liquids. Production for the quarter was significantly impacted by deferrals associated with weather-related shut-ins, third party downtime and other miscellaneous items.Net Loss of $52.0 million in the quarter, or $0.73 loss per diluted share, and Adjusted Net Loss(1) in the quarter of $37.4 million, or $0.52... More