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Talos Energy Hikes 2025 Production Guidance To 91–95 MBoe/d, Trims Opex By $25M And Capex By $10M

Benzinga·08/06/2025 20:23:21
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OPERATIONAL & FINANCIAL GUIDANCE UPDATES

For the third quarter 2025, Talos expects average daily production to be in the range of 86.0 to 90.0 MBoe/d, with 69% oil volumes.

Talos has revised its full year 2025 operational and financial guidance and expects average daily production to range from 91.0 to 95.0 MBoe/d, consisting of 69% oil and 78% liquids. Full year guidance reflects lower cash operating expenses and workover and lower capital expenditures.

The following summarizes Talos's full-year 2025 operational and production guidance.

    Original   Revised  
    FY 2025   FY 2025  
($ Millions, unless highlighted):   Low   High   Low   High  
Production Oil (MMBbl)   22.7     24.0     23.0     24.0  
  Natural Gas (Bcf)   41.9     44.3     45.0     47.0  
  NGL (MMBbl)   3.1     3.3     2.8     3.0  
  Total Production (MMBoe)   32.8     34.7     33.3     34.7  
  Avg Daily Production (MBoe/d)   90.0     95.0     91.0     95.0  
Cash Expenses Cash Operating Expenses and Workovers(1)(2)(4)(7) $ 580   $ 610   $ 555   $ 585  
  G&A(2)(3)(7) $ 120   $ 130   $ 120   $ 130  
Capex Capital Expenditures(5) $ 500   $ 540   $ 490   $ 530  
P&A Expenditures P&A, Decommissioning $ 100   $ 120   $ 100   $ 120  
Interest Interest Expense(6) $ 155   $ 165   $ 155   $ 165