$TALO

Talos Energy said it agreed to take an 80% operated interest in an offshore Honduras exploration block, with CaribX holding 20%, per Talos’ quarterly update. Talos has assumed operatorship for 45% of its working interest; the remaining 35% depends on Honduras’ energy secretariat approval within three months. Talos also advanced Gulf of Mexico appraisal and Monument development, targeting 20,000-30,000 boe/d startup by year-end.

Enverus Intelligence Research said U.S. upstream M&A slowed in 2Q 2026 to $9.1 billion, down 76% quarter on quarter, citing crude volatility. Over 40% of deal value came from the BLM New Mexico lease sale, with receipts over $4 billion. Top deals included Devon and BLM ($2.6B) and Shell with Talos/Ridgewood ($1.7B).

Talos Energy reported strong earnings and production and said it is moving toward additional US Gulf output. The company also highlighted potential upside from new ventures in Mexico and Honduras, including an entry into Honduras, according to its statements.

Talos Energy said it signed a definitive agreement to farm into offshore Mexico’s Block 29, operated by Repsol. Talos would gain a 50% working interest via a contingent $30 million payment at FID, up to $20 million cash carry on the next exploration well, and pre-closing cost reimbursements. Block 29 includes Polok and Chinwol, estimated at over 200 MMBoe gross recoverable resources, with partners targeting FID in 2027, subject to Mexican approvals.

Talos Energy (NYSE:TALO) reported Q2 CY2026 revenue of $664.8 million, up 45.1% year on year and 13.3% above Wall Street estimates, with non-GAAP EPS of $0.57, 75.9% above consensus. The article also cites Q2 adjusted EBITDA margin of 60.5% and free cash flow of -$21.36 million.

TALOS ENERGY INC. (TALO) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 talo-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 T alos Energy Announces Second Quarter 2026 Operational and Financial Results Houston, Texas, August 4, 2026 – Talos Energy Inc. (“Talos” or the “Company”) (NYSE: TALO) today announced its operational and financial results fo

Talos Energy (NYSE: TALO) reported Q2 2026 results for the three months ended June 30. It produced 68.6 MBo/d oil and 93.7 MBoe/d, with net cash from operating activities of $300.6 million and adjusted free cash flow of $231.6 million. Net income was $149.7 million. Talos raised 2026 production guidance midpoint to 66 MBo/d and 89 MBoe/d and announced a Gulf of America asset deal from Shell.

Talos Energy (NYSE: TALO) is set to report earnings Tuesday afternoon. The company last quarter posted revenue of $449.8 million, down 13.2% year on year, and beat analysts on EPS and EBITDA. Oil production per day fell 6.6% YoY. For the upcoming quarter, analysts expect revenue up 28.2% YoY, with an average price target of $18.89 versus $15.23.

Talos Energy (NYSE: TALO) said it will farm into Repsol’s operated Block 29 offshore Mexico, taking a 50% working interest. Terms include a contingent $30 million payment at FID, up to $20 million cash carry on the next exploration well, and reimbursement of pre-closing costs. Block 29 includes Polok and Chinwol, estimated at over 200 MMBoe gross recoverable resources, with FID expected in 2027, subject to Mexican approvals.

US-based Talos Energy agreed with Repsol to farm into the Block 29 development located offshore Mexico in the Salinas-Sureste Basin, acquiring a 50% working interest in the asset. In other news, Global crude oil prices fell sharply on June 27, 2026, following a pause in US-Iran military strikes that created room for diplomatic talks. Ready for more? This is your Week in Oil & Gas!