Financial Statements — TALO
Balance Sheet
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 0.58 | 0.39 | 0.33 | 0.36 | 0.20 | 0.05 | 0.04 | 0.02 | 0.01 | 0.02 | 0.02 | 0.06 | 0.11 | 0.08 | 0.06 | 0.07 | 0.06 |
| Accounts Receivable | 0.25 | 0.25 | 0.20 | 0.21 | 0.24 | 0.21 | 0.24 | 0.25 | 0.18 | 0.16 | 0.17 | 0.15 | 0.24 | 0.24 | 0.11 | 0.14 | 0.14 |
| Total Current Assets | 1.10 | 0.85 | 0.81 | 0.87 | 0.71 | 0.66 | 0.57 | 0.54 | 0.41 | 0.44 | 0.41 | 0.37 | 0.48 | 0.40 | 0.25 | 0.30 | 0.29 |
| Property, Plant & Equipment | 4.09 | 4.19 | 4.59 | 4.75 | 5.09 | 5.41 | 5.48 | 5.57 | 4.01 | 4.14 | 4.16 | 2.38 | 2.35 | 2.37 | 2.48 | 2.50 | 2.50 |
| Total Non-current Assets* | 4.34 | 4.43 | 4.89 | 5.05 | 5.42 | 5.74 | 5.80 | 5.89 | 4.34 | 4.37 | 4.38 | 2.44 | 2.39 | 2.41 | 2.53 | 2.55 | 2.55 |
| Total Assets | 5.43 | 5.27 | 5.70 | 5.92 | 6.13 | 6.40 | 6.36 | 6.43 | 4.75 | 4.81 | 4.80 | 2.81 | 2.86 | 2.81 | 2.79 | 2.85 | 2.84 |
| Accounts Payable | 0.09 | 0.11 | 0.08 | 0.11 | 0.11 | 0.16 | 0.09 | 0.14 | 0.13 | 0.18 | 0.18 | 0.11 | 0.10 | 0.09 | 0.11 | 0.11 | 0.07 |
| Total Current Liabilities | 0.68 | 0.71 | 0.64 | 0.71 | 0.67 | 0.68 | 0.71 | 0.70 | 0.63 | 0.69 | 0.67 | 0.56 | 0.70 | 0.71 | 0.64 | 0.67 | 0.48 |
| Long-term Debt | 1.23 | 1.23 | 1.22 | 1.22 | 1.22 | 1.34 | 1.44 | 1.53 | 1.05 | 1.03 | 1.01 | 0.65 | 0.79 | 0.93 | 0.98 | 0.98 | 1.05 |
| Total Non-current Liabilities* | 2.72 | 2.69 | 2.68 | 2.69 | 2.73 | 2.90 | 2.92 | 2.99 | 2.06 | 2.05 | 2.06 | 1.10 | 1.26 | 1.41 | 1.48 | 1.49 | 1.55 |
| Total Liabilities | 3.40 | 3.40 | 3.32 | 3.41 | 3.40 | 3.58 | 3.64 | 3.68 | 2.69 | 2.74 | 2.73 | 1.66 | 1.97 | 2.12 | 2.11 | 2.17 | 2.03 |
| Retained Earnings | (1.02) | (1.17) | (0.72) | (0.62) | (0.43) | (0.36) | (0.45) | (0.46) | (0.43) | (0.43) | (0.45) | (0.54) | (0.79) | (0.98) | (1.00) | (0.98) | (0.86) |
| Total Stockholder Equity | 2.03 | 1.87 | 2.38 | 2.52 | 2.73 | 2.82 | 2.73 | 2.75 | 2.06 | 2.06 | 2.06 | 1.16 | 0.90 | 0.70 | 0.67 | 0.69 | 0.81 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Total Revenue | 664.81 | 472.31 | 392.24 | 450.05 | 424.72 | 513.06 | 485.19 | 509.29 | 549.17 | 429.93 | 384.96 | 383.14 | 367.21 | 322.58 | 342.20 | 377.13 | 519.09 | 413.57 | 381.96 | 290.91 |
| Selling, General & Admin | 44.63 | 40.97 | 39.78 | 41.55 | 39.43 | 34.62 | 41.56 | 41.87 | 48.25 | 69.84 | 37.24 | 24.89 | 33.18 | 63.19 | 29.01 | 25.29 | 22.93 | 22.53 | 19.68 | 20.43 |
| Operating Income | 198.22 | (119.43) | (243.96) | (86.18) | (273.59) | 43.45 | 27.17 | 23.55 | 54.37 | 67.85 | 34.74 | 126.77 | 40.42 | 7.85 | 78.62 | 163.99 | 275.99 | 217.52 | 124.31 | 92.34 |
| Interest Expense | 39.16 | 39.18 | 40.80 | 40.85 | 40.81 | 40.93 | 41.54 | 46.28 | 48.98 | 50.85 | 44.30 | 45.64 | 45.63 | 37.58 | 33.97 | 29.27 | 30.78 | 31.49 | 33.10 | 32.39 |
| Pretax Income | 194.73 | (321.30) | (252.06) | (120.11) | (222.36) | (9.96) | (55.06) | 106.28 | 11.40 | (134.01) | 80.82 | (17.97) | 20.57 | 43.32 | 3.03 | 250.59 | 197.75 | (66.91) | 78.66 | (17.05) |
| Tax Provision | 44.84 | (65.29) | (48.45) | (24.20) | (36.43) | (0.09) | 9.45 | 18.11 | (0.98) | (21.57) | (5.08) | (15.86) | 6.89 | (46.54) | 0.28 | 0.12 | 2.61 | (0.47) | (2.35) | (0.36) |
| Net Income | 149.67 | (256.17) | (202.58) | (95.90) | (185.94) | (9.87) | (64.51) | 88.17 | 12.38 | (112.44) | 85.90 | (2.10) | 13.68 | 89.86 | 2.75 | 250.47 | 195.14 | (66.44) | 81.01 | (16.69) |
| Basic EPS | 0.90 | (1.52) | (1.17) | (0.55) | (1.05) | (0.05) | (0.29) | 0.49 | 0.07 | (0.71) | 0.62 | (0.02) | 0.11 | 0.85 | 0.05 | 3.03 | 2.36 | (0.81) | 0.99 | (0.20) |
| Diluted EPS | 0.88 | (1.52) | (1.17) | (0.55) | (1.05) | (0.05) | (0.29) | 0.49 | 0.07 | (0.71) | 0.62 | (0.02) | 0.11 | 0.84 | 0.05 | 2.99 | 2.33 | (0.81) | 0.99 | (0.20) |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | 300.64 | 174.00 | 201.78 | 114.17 | 351.64 | 268.24 | 349.34 | 227.47 | 289.36 | 96.43 | 176.26 | 65.73 | 214.23 | 62.86 | 170.81 | 184.56 | 240.76 | 113.61 | 123.74 | 88.55 |
| Capital Expenditures | 101.62 | 152.42 | 120.27 | 85.49 | 147.15 | 129.00 | 153.72 | 86.03 | 123.09 | 146.08 | 122.93 | 139.85 | 194.70 | 103.96 | 113.57 | 81.51 | 74.10 | 53.98 | 81.75 | 85.73 |
| Free Cash Flow* | 199.02 | 21.58 | 81.51 | 28.68 | 204.49 | 139.24 | 195.62 | 141.44 | 166.27 | (49.65) | 53.33 | (74.12) | 19.53 | (41.10) | 57.24 | 103.05 | 166.65 | 59.63 | 41.99 | 2.82 |
| Investing Cash Flow | (102.89) | (89.58) | (142.06) | (112.38) | (148.99) | (143.31) | (152.25) | (105.18) | (125.20) | (937.64) | (120.75) | (79.29) | (205.61) | (106.98) | (113.32) | (81.42) | (57.85) | (59.38) | (81.59) | (85.52) |
| Financing Cash Flow | (6.11) | (60.46) | (29.14) | (58.46) | (47.53) | (29.39) | (133.59) | (113.51) | (146.36) | 829.58 | (34.90) | 10.45 | (7.26) | 117.12 | (77.83) | (147.14) | (152.77) | (45.73) | (31.72) | (8.96) |
* Derived from reported values
