Talos Energy (TALO)


Market Price (11/10/2026): $14.71 | Market Cap: $2.4 BilSector: Energy | Industry: Oil & Gas Exploration & Production

Talos Energy (TALO)


Market Price (11/10/2026): $14.71
Market Cap: $2.4 Bil
Sector: Energy
Industry: Oil & Gas Exploration & Production

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 47%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 47%

Attractive yield
FCF Yield is 41%

Low stock price volatility
Vol 12M is 49%

Megatrend and thematic drivers
Megatrends include Energy Transition & Decarbonization, and Energy Security & Supply. Themes include Carbon Capture & Storage, and Offshore Hydrocarbon Production.

Weak multi-year price returns
3Y Excs Rtn is -77%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -21%

Key risks
TALO key risks include [1] its operational concentration in the U.S. Show more.

0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 47%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 47%
1 Attractive yield
FCF Yield is 41%
2 Low stock price volatility
Vol 12M is 49%
3 Megatrend and thematic drivers
Megatrends include Energy Transition & Decarbonization, and Energy Security & Supply. Themes include Carbon Capture & Storage, and Offshore Hydrocarbon Production.
4 Weak multi-year price returns
3Y Excs Rtn is -77%
5 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -21%
6 Key risks
TALO key risks include [1] its operational concentration in the U.S. Show more.

TALO in ETFs

Weight = TALO's share of each fund

VTI0.00%
ITOT0.00%
IWM0.07%
IJR0.13%
XOP1.3%
AVUV0.33%
IJS0.25%
SLYV0.24%
+10 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 11/5/2026

Talos Energy (TALO) stock has lost about 5% since 7/31/2026 because of the following key factors:

1. Significant Insider Selling by a Major Shareholder.

A major shareholder, Control Empresarial de Capitales S.A. de C.V., executed substantial sales totaling approximately $25.5 million on September 15, 2026. This involved the sale of 1,381,000 common shares at weighted average prices near $18.52 and $18.61, indicating a notable reduction in a significant owner's stake.

2. Market Focus on Future Project Delays and Capital Needs Despite Strong Fiscal Q3 2026 Results.

Despite Talos Energy reporting robust fiscal Q3 2026 earnings, including adjusted EPS of $0.58 (beating estimates of $0.42) and revenue of $595.99 million (exceeding estimates of $543.9 million), the stock experienced a 4.91% decline to $15.31 immediately after the announcement. This negative market reaction suggests investor apprehension regarding future project timelines and increased capital expenditures. Specifically, the first oil from the Monument development was delayed to fiscal Q1 2027 due to rig deployment issues, and the Brutus development program was expanded from four to five wells, implying higher capital requirements.

Show more
Updated on 11/5/2026

Talos Energy (TALO) stock has lost about 5% since 7/31/2026 because of the following key factors:

1. Significant Insider Selling by a Major Shareholder.

A major shareholder, Control Empresarial de Capitales S.A. de C.V., executed substantial sales totaling approximately $25.5 million on September 15, 2026. This involved the sale of 1,381,000 common shares at weighted average prices near $18.52 and $18.61, indicating a notable reduction in a significant owner's stake.

2. Market Focus on Future Project Delays and Capital Needs Despite Strong Fiscal Q3 2026 Results.

Despite Talos Energy reporting robust fiscal Q3 2026 earnings, including adjusted EPS of $0.58 (beating estimates of $0.42) and revenue of $595.99 million (exceeding estimates of $543.9 million), the stock experienced a 4.91% decline to $15.31 immediately after the announcement. This negative market reaction suggests investor apprehension regarding future project timelines and increased capital expenditures. Specifically, the first oil from the Monument development was delayed to fiscal Q1 2027 due to rig deployment issues, and the Brutus development program was expanded from four to five wells, implying higher capital requirements.

3. Anticipated Production Reduction from Hurricane Isaias.

Talos Energy's revised full-year 2026 production guidance accounted for an estimated reduction of approximately 7 MBoe/d in fiscal Q4 2026 due to the impact of Hurricane Isaias in early October. While this was noted as being within the company's "weather allowance," it represents a near-term operational headwind.

4. Bearish Technical Signals.

On November 2, 2026, technical indicators for TALO turned negative, with the Moving Average Convergence Divergence Histogram (MACD) falling below zero, a signal that historically precedes further stock declines in 77% of similar instances. Concurrently, the Momentum Indicator also moved below zero, a bearish signal that has led to further stock drops within the subsequent month in 75% of recorded cases.

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Stock Movement Drivers

Fundamental Drivers

The -3.7% change in TALO stock from 7/31/2026 to 11/9/2026 was primarily driven by a -22.0% change in the company's P/S Multiple.
(LTM values as of)731202611092026Change
Stock Price ($)15.1814.62-3.7%
Change Contribution By: 
Total Revenues ($ Mil)1,7392,12522.2%
P/S Multiple1.51.1-22.0%
Shares Outstanding (Mil)1681671.1%
Cumulative Contribution-3.7%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2026 to 11/9/2026
ReturnCorrelation
TALO-3.7% 
Market (SPY)0.8%-4.5%
Sector (XLE)4.0%75.8%

Fundamental Drivers

The -8.2% change in TALO stock from 4/30/2026 to 11/9/2026 was primarily driven by a -24.5% change in the company's P/S Multiple.
(LTM values as of)430202611092026Change
Stock Price ($)15.9214.62-8.2%
Change Contribution By: 
Total Revenues ($ Mil)1,7802,12519.4%
P/S Multiple1.51.1-24.5%
Shares Outstanding (Mil)1701671.9%
Cumulative Contribution-8.2%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 11/9/2026
ReturnCorrelation
TALO-8.2% 
Market (SPY)5.0%-18.1%
Sector (XLE)4.6%76.8%

Fundamental Drivers

The 49.0% change in TALO stock from 10/31/2025 to 11/9/2026 was primarily driven by a 27.3% change in the company's P/S Multiple.
(LTM values as of)1031202511092026Change
Stock Price ($)9.8114.6249.0%
Change Contribution By: 
Total Revenues ($ Mil)1,9322,12510.0%
P/S Multiple0.91.127.3%
Shares Outstanding (Mil)1771676.5%
Cumulative Contribution49.0%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 11/9/2026
ReturnCorrelation
TALO49.0% 
Market (SPY)11.3%-18.1%
Sector (XLE)43.7%72.5%

Fundamental Drivers

The -5.7% change in TALO stock from 10/31/2023 to 11/9/2026 was primarily driven by a -24.7% change in the company's Shares Outstanding (Mil).
(LTM values as of)1031202311092026Change
Stock Price ($)15.5014.62-5.7%
Change Contribution By: 
Total Revenues ($ Mil)1,4092,12550.8%
P/S Multiple1.41.1-16.9%
Shares Outstanding (Mil)125167-24.7%
Cumulative Contribution-5.7%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2023 to 11/9/2026
ReturnCorrelation
TALO-5.7% 
Market (SPY)86.2%26.3%
Sector (XLE)58.9%75.4%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
TALO Return19%93%-25%-32%13%33%77%
Peers Return108%65%-12%-22%2%43%245%
S&P 500 Return27%-19%24%23%16%8%96%

Monthly Win Rates [3]
TALO Win Rate58%67%42%33%67%64% 
Peers Win Rate72%60%42%32%58%56% 
S&P 500 Win Rate75%42%67%75%67%36% 

Max Drawdowns [4]
TALO Max Drawdown-52%-47%-47%-38%-42%-22% 
Peers Max Drawdown-27%-40%-32%-36%-32%-24% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: COP, EOG, DVN, MUR, WTI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/9/2026 (YTD)

How Low Can It Go

EventTALOS&P 500
2025 US Tariff Shock
  % Loss-32.3%-18.8%
  % Gain to Breakeven47.6%23.1%
  Time to Breakeven70 days79 days
2024 Yen Carry Trade Unwind
  % Loss-12.1%-7.8%
  % Gain to Breakeven13.8%8.5%
  Time to Breakeven3 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-22.0%-9.5%
  % Gain to Breakeven28.2%10.5%
  Time to Breakeven840 days24 days
2020 COVID-19 Crash
  % Loss-72.7%-33.7%
  % Gain to Breakeven266.2%50.9%
  Time to Breakeven742 days140 days

Compare to COP, EOG, DVN, MUR, WTI

In The Past

Talos Energy's stock fell -32.3% during the 2025 US Tariff Shock. Such a loss loss requires a 47.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventTALOS&P 500
2025 US Tariff Shock
  % Loss-32.3%-18.8%
  % Gain to Breakeven47.6%23.1%
  Time to Breakeven70 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-22.0%-9.5%
  % Gain to Breakeven28.2%10.5%
  Time to Breakeven840 days24 days
2020 COVID-19 Crash
  % Loss-72.7%-33.7%
  % Gain to Breakeven266.2%50.9%
  Time to Breakeven742 days140 days

Compare to COP, EOG, DVN, MUR, WTI

In The Past

Talos Energy's stock fell -32.3% during the 2025 US Tariff Shock. Such a loss loss requires a 47.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Talos Energy (TALO)

Talos Energy Inc. (TALO) is an independent exploration and production (E&P) company primarily engaged in finding and extracting crude oil and natural gas. The company focuses its operations on developing natural resource properties in key energy-producing regions, specifically the United States Gulf of Mexico and offshore Mexico.

The main products of Talos Energy are crude oil and natural gas, which it produces and sells into the energy market. As of late 2021, the company reported significant proved reserves, underscoring its role in supplying these essential commodities. These products ultimately serve a broad range of industrial and consumer customers reliant on hydrocarbon fuels.

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Here are 1-2 brief analogies for Talos Energy (TALO):

  1. Think of them as a mining company, but instead of digging for metals or coal on land, they drill for oil and natural gas under the sea, primarily in the U.S. Gulf of Mexico.
  2. They're like a smaller, independent version of ExxonMobil's or Chevron's oil and gas drilling (upstream) operations, specifically targeting the U.S. Gulf of Mexico.

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  • Oil and Natural Gas Exploration: Identifying and evaluating potential drilling sites for oil and natural gas reserves.
  • Oil and Natural Gas Production: Extracting crude oil and natural gas from discovered reserves for commercial sale.
  • Crude Oil: A raw fossil fuel extracted from the earth, which is processed into various petroleum products.
  • Natural Gas: A gaseous fossil fuel extracted from the earth, primarily used for energy generation and heating.

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Talos Energy (TALO) is an independent exploration and production company focused on oil and natural gas. As such, it sells its extracted crude oil and natural gas commodities to other companies, primarily refiners, pipeline operators, marketers, and integrated energy companies.

According to their most recent annual filings, Talos Energy's major customers and their approximate share of total oil and natural gas sales in 2023 were:

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Saipem S.p.A. (SAPMY)

TechnipFMC plc (FTI)

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Paul Goodfellow, President and Chief Executive Officer

Paul Goodfellow was appointed President and Chief Executive Officer of Talos Energy Inc. in March 2025. He brings over 34 years of domestic and international experience in the oil and gas industry, having held a distinguished career at Shell plc from 1991 until joining Talos. During his tenure at Shell, Mr. Goodfellow held various senior executive roles, including leading Shell's global deepwater business across regions such as the U.S. Gulf of America, Offshore Mexico, and Brazil. He also oversaw Shell's global drilling, completion, and well intervention organization and was a key member of the Projects & Technology and Upstream leadership teams. Most recently, he served as Shell's Executive Vice President and Group Chief Internal Auditor from August 2023 to February 2025, and Executive Vice President, Deep Water, Shell Upstream from April 2019 to August 2023. Mr. Goodfellow also served as the Chairman of the Board of Shell Midstream Partners GP LP from October 2019 to August 2023.

Zachary B. Dailey, Executive Vice President and Chief Financial Officer

Zachary B. Dailey was appointed Executive Vice President and Chief Financial Officer of Talos Energy, effective August 18, 2025. He has over 17 years of experience in the oil and gas sector. Mr. Dailey previously served as Vice President, Controller, and Chief Accounting Officer at Marathon Oil Corporation before its acquisition by ConocoPhillips. His nearly decade-long tenure at Marathon Oil included various leadership positions in Internal Audit, Business Development, Planning, Operations, CEO Advisor, and Investor Relations. Prior to Marathon Oil, he held finance leadership roles at LINN Energy, Berry Petroleum Company, and Morgan Keegan & Company.

Megan Dick, Executive Vice President and Chief Human Resources Officer

Megan Dick was appointed Executive Vice President and Chief Human Resources Officer in August 2025. She has 23 years of experience in human resources, with more than 17 years specifically within the oil and gas industry. Ms. Dick has been with Talos Energy since July 2014, having previously served as Vice President, Human Resources, Director, Human Resources, and Manager Human Resources. Before joining Talos, Ms. Dick was a Human Resources Manager for Aurora Oil & Gas Limited, which was acquired by Baytex Energy Corp.

William S. Moss III, Executive Vice President and General Counsel

William S. Moss III (Bill Moss) is the Executive Vice President and General Counsel of Talos Energy, having joined the company in May 2013. Prior to Talos, Mr. Moss was a partner at Mayer Brown LLP in Houston, where he led the Houston Corporate Practice. His legal practice focused on mergers and acquisitions, securities offerings, and general corporate and securities matters for clients across the energy value chain. Mr. Moss initially represented Talos as outside counsel during its formation and its subsequent acquisition of Energy Resource Technology, LLC. He also represented Phoenix Exploration Company LP in its initial formation, acquisitions, and its eventual sale to a group of buyers led by Apache Corporation.

William R. Langin, Executive Vice President, Exploration & Development

William R. Langin was appointed Executive Vice President of Exploration & Development at Talos Energy in September 2025. He possesses over 22 years of domestic and international experience in the oil and gas industry, with a career encompassing exploration, development, and portfolio growth across multiple global basins. Before joining Talos, Mr. Langin served as Vice President of Exploration Portfolio and Technology at Hess Corporation, where he was responsible for defining the company's exploration portfolio and overseeing corporate planning, commercial, engineering, and seismic technology functions, until Hess's merger with Chevron. He commenced his career at Shell in 2003, holding various roles including Senior Vice President, West/Deepwater Exploration, and Vice President, Exploration – North America & Brazil.

AI Analysis | Feedback

The key risks to Talos Energy (TALO) are primarily linked to the inherent volatility of the oil and natural gas industry, the operational complexities of its deepwater focus, and the evolving regulatory and geopolitical landscape.

  1. Volatility in Oil and Natural Gas Prices: Talos Energy's financial performance is highly susceptible to the fluctuating prices of crude oil and natural gas. Given that approximately 68% of its output is tied to crude, sustained declines in commodity prices can materially and adversely affect the company's revenue, cash flow, profitability, and access to capital, despite hedging strategies.
  2. Operational and Environmental Risks in the Gulf of Mexico: The company's significant concentration in the deepwater United States Gulf of Mexico exposes it to substantial operational challenges. These include weather-related risks, such as hurricanes, and the inherent hazards associated with deepwater drilling and production. Operational incidents, such as equipment failures, can lead to production delays, considerable financial costs, and reputational damage.
  3. Regulatory and Geopolitical Risks, Including Energy Transition: Talos Energy operates within a heavily regulated sector, making it vulnerable to changes in laws and regulations, particularly those pertaining to environmental protection and the broader energy transition. New or evolving government policies related to climate change and environmental, social, and governance (ESG) factors can increase operating costs and restrict exploration and production activities. Furthermore, the company's activities in regions like offshore Mexico expose it to risks associated with legal and political instability.

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The accelerating global energy transition and increasing commitments to decarbonization leading to forecasts of peak oil and natural gas demand.

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The addressable markets for Talos Energy's main products, crude oil and natural gas, in their operating regions are as follows:

  • United States Gulf of Mexico: The Gulf of Mexico oil and gas market was valued at approximately USD 52.20 billion in 2024 and is projected to reach USD 73.67 billion by 2032, exhibiting a Compound Annual Growth Rate (CAGR) of 4.4% from 2026 to 2032.
  • Offshore Mexico: The Mexico oil and gas market size specifically for offshore operations is expected to exceed USD 3.24 billion by 2031.

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Talos Energy (TALO) anticipates several key drivers for future revenue growth over the next 2-3 years, stemming from its strategic operational initiatives and capital allocation. These drivers are primarily focused on enhancing production volumes, optimizing asset performance, and improving the value mix of its output.

  1. Increased Production from New Development and Exploration Projects: Talos Energy plans to drive revenue growth through new drilling activities and the development of recent discoveries. The company has commenced drilling activities at its operated Brutus, Cardona, and CPM projects, as well as the non-operated Monterrey and Monument projects. These development projects are noted to have a low break-even point. Furthermore, Talos is advancing a "very promising exploration discovery at Daenerys", with an appraisal well planned for spudding in late Q2 2026. Monument is also identified as a "High-Impact Subsalt Wilcox Discovery." The company's 2026 capital budget of $500-550 million is allocated significantly towards these development, exploration, and appraisal activities. This resource expansion from new discoveries such as Daenerys and Monument is a key operational growth driver.
  2. Higher Percentage of Oil Production: Talos Energy expects an increase in the proportion of oil within its total production mix. In 2026, the company forecasts oil as a percentage of total production to increase by a couple of percentage points year-over-year, reaching approximately 73%. Since oil typically commands a higher price per barrel equivalent compared to natural gas, a richer oil mix is expected to contribute positively to overall revenue.
  3. Debottlenecking and Optimization of Existing Infrastructure: Operational enhancements at existing facilities are projected to boost throughput and, consequently, revenue. Specifically, successful debottlenecking efforts at the Talos-operated Tarantula facility have already increased its gross processing capacity. This allowed production from the Katmai field to average over 36,000 barrels of oil equivalent per day and further raised throughput to approximately 38,000 barrels through debottlenecking. Continued optimization efforts at such facilities are a key operational growth driver.
  4. Return of Shut-in Wells to Production: The re-initiation of production from previously shut-in wells is also a driver for revenue growth. For instance, the Genovesa well, which experienced a shut-in due to a surface-controlled subsurface safety valve failure and impacted Q4 2025 production, is expected to return online in the second half of 2026. The anticipated return of this well, alongside other new projects, is expected to result in a higher year-end 2026 exit production rate compared to 2025.

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Share Repurchases

  • In 2025, Talos Energy repurchased approximately 12.6 million shares for $119.1 million, which represented about 29% of its annual free cash flow.
  • During the second quarter of 2024, the company repurchased approximately 3.8 million shares for $43 million at an average price of $11.26 per share.
  • As of December 31, 2025, approximately $81 million remained authorized for future share repurchases.

Share Issuance

  • The acquisition of QuarterNorth Energy in January 2024 involved consideration that included 24.8 million shares of Talos common stock, alongside approximately $965 million in cash.
  • In June 2021, affiliates of Apollo Global Management and Riverstone Holdings LLC, as selling stockholders, offered 5,000,000 shares of Talos Energy's common stock in a public offering; Talos did not sell any shares itself and received no proceeds from this offering.
  • As part of compensation, Director Neal P. Goldman exercised restricted stock units into 25,528 shares of common stock on March 10, 2026.

Outbound Investments

  • Talos Energy acquired QuarterNorth Energy Inc. for $1.29 billion in January 2024. This acquisition added approximately 30 thousand barrels of oil equivalent per day (MBoe/d) in production and about 69 million barrels of oil equivalent (MMBoe) in proved reserves.
  • In February 2023, Talos Energy completed the acquisition of EnVen Energy Corporation, which significantly scaled and diversified its business by integrating high-margin, oil-weighted assets and operated infrastructure.
  • Talos purchased a 21.4% working interest in the Monument discovery in the Gulf of Mexico, with an expected net investment of approximately $25 million in 2024 and about $160 million over 2025 and 2026.

Capital Expenditures

  • For 2026, Talos Energy anticipates capital expenditures to range from $500 million to $550 million, with a primary focus on infrastructure-led development, exploration and appraisal, and the Monument project.
  • In 2025, capital expenditures totaled $494.067 million, with approximately $500 million invested in exploration and development activities.
  • Talos Energy's 2024 upstream capital expenditures were projected to be between $570 million and $600 million, later revised to $510-$530 million, with drilling and subsea tie-backs being a primary focus.

Better Bets vs. Talos Energy (TALO)

Peer Outperformance in Oil & Gas Exploration & Production

TALO has trailed 54% of its 50 Oil & Gas Exploration & Production peers over 5Y. Among the peers that beat it are CNQ and TPL. Oil & Gas Exploration & Production ranks 6th of 7 industries in Energy by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Oil & Gas Exploration & Production constituents that TALO has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
68%
of 60 industry peers · 40.8% return
3Y
48%
of 56 industry peers · 3.3% return
5Y
46%
of 50 industry peers · 26.1% return
Oil & Gas Exploration & Production peers with revenue growth within 4pp of TALO's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 5Y Gap
TALO Talos Energy 15.3% -6.2x 40.8%3.3%26.1% —
CNQ Canadian Natural Resources 11.3% 7.0x 58.2%71.0%182.4% +156pp
TPL Texas Pacific Land 16.3% 32.7x -14.4%57.7%87.0% +61pp
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Energy sector, ranked by 5Y. Oil & Gas Exploration & Production is TALO's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Oil & Gas Refining & Marketing 11 66.7%109.2%283.2% MPC 549% · VLO 432% · PBF 398%
Oil & Gas Storage & Transportation 18 36.4%100.5%165.7% INSW 774% · TRGP 432% · DHT 399%
Integrated Oil & Gas 7 38.1%67.7%138.7% IMO 301% · SU 219% · XOM 196%
Oil & Gas Equipment & Services 33 17.5%19.4%61.1% SEI 787% · FTI 782% · TDW 442%
Oil & Gas Drilling 7 47.5%3.9%40.5% VAL 109% · NE 93% · RIG 40%
Oil & Gas Exploration & Production ← 51 25.7%6.7%35.6% BTE 740% · PR 220% · CNQ 182%
Coal & Consumable Fuels 14 -34.9%0.7%28.3% CNR 274% · CCJ 175% · LEU 59%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

TALOCOPEOGDVNMURWTIMedian
NameTalos En.ConocoPh.EOG Reso.Devon En.Murphy O.W&T Offs. 
Mkt Price14.71134.33148.4742.4134.663.0838.53
Mkt Cap2.5160.576.948.45.00.526.7
Rev LTM2,12567,74929,08622,2053,12160112,663
Op Inc LTM30716,76610,8725,172838303,005
FCF LTM1,00211,1147,3821,878207621,440
FCF 3Y Avg9579,1495,7431,346514161,151
CFO LTM1,00223,24214,0609,6711,767985,719
CFO 3Y Avg95821,36912,2467,7281,679824,704

Growth & Margins

TALOCOPEOGDVNMURWTIMedian
NameTalos En.ConocoPh.EOG Reso.Devon En.Murphy O.W&T Offs. 
Rev Chg LTM13.5%13.3%28.8%27.1%13.6%20.3%17.0%
Rev Chg 3Y Avg15.3%4.6%8.1%13.4%-3.8%1.5%6.3%
Rev Chg Q32.4%29.3%42.7%58.4%17.8%31.0%31.7%
QoQ Delta Rev Chg LTM7.4%7.0%9.2%12.9%4.3%7.0%7.2%
Op Inc Chg LTM6,162.5%33.6%44.2%29.4%70.5%159.2%57.4%
Op Inc Chg 3Y Avg2,010.3%4.1%7.8%2.9%-0.7%-28.4%3.5%
Op Mgn LTM14.5%24.7%37.4%23.3%26.9%5.0%24.0%
Op Mgn 3Y Avg7.9%23.6%35.6%25.4%23.1%-3.2%23.4%
QoQ Delta Op Mgn LTM8.2%2.8%2.0%-0.5%3.6%4.0%3.2%
CFO/Rev LTM47.2%34.3%48.3%43.6%56.6%16.4%45.4%
CFO/Rev 3Y Avg49.0%35.2%48.7%41.8%55.5%14.8%45.2%
FCF/Rev LTM47.2%16.4%25.4%8.5%6.6%10.2%13.3%
FCF/Rev 3Y Avg49.0%15.0%22.6%6.8%16.8%2.5%15.9%

Valuation

TALOCOPEOGDVNMURWTIMedian
NameTalos En.ConocoPh.EOG Reso.Devon En.Murphy O.W&T Offs. 
Mkt Cap2.5160.576.948.45.00.526.7
P/S1.22.42.62.21.60.81.9
P/Op Inc8.09.67.19.45.915.68.7
P/EBIT-9.78.57.19.56.0-43.86.6
P/E-6.313.99.413.410.6-9.210.0
P/CFO2.46.95.55.02.84.84.9
Total Yield-16.0%9.7%13.5%9.6%13.4%-9.6%9.7%
Dividend Yield0.0%2.6%2.8%2.1%4.0%1.3%2.3%
FCF Yield 3Y Avg48.0%7.0%8.4%4.6%10.8%2.2%7.7%
D/E0.60.10.10.20.50.80.3
Net D/E0.40.10.00.20.40.30.3

Returns

TALOCOPEOGDVNMURWTIMedian
NameTalos En.ConocoPh.EOG Reso.Devon En.Murphy O.W&T Offs. 
1M Rtn-12.4%0.2%0.9%-12.1%-10.4%-15.2%-11.3%
3M Rtn-5.6%9.9%5.1%-5.9%-1.3%-19.2%-3.5%
6M Rtn-4.0%17.0%13.0%-8.0%-6.1%-20.4%-5.1%
12M Rtn41.7%59.6%45.3%29.1%26.9%53.0%43.5%
3Y Rtn4.0%27.1%34.6%2.6%-9.7%-13.4%3.3%
1M Excs Rtn-6.8%5.7%6.4%-6.6%-4.8%-9.6%-5.7%
3M Excs Rtn-0.9%11.9%8.8%-1.4%2.6%-14.4%0.8%
6M Excs Rtn-3.6%17.5%13.4%-7.5%-5.6%-20.0%-4.6%
12M Excs Rtn40.6%52.0%36.1%24.3%19.1%52.8%38.4%
3Y Excs Rtn-77.1%-50.3%-42.5%-71.9%-86.5%-95.5%-74.5%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Exploration and production of oil, natural gas and NGLs (Upstream Segment)1,7801,9741,4581,6521,245
Carbon capture and sequestration (CCS) 000 
All Other    0
Total1,7801,9741,4581,6521,245


Net Income by Segment
$ Mil2025202420232022
Exploration and production of oil, natural gas and NGLs (Upstream Segment)-495-141198382
Carbon capture and sequestration (CCS) 65-110
Total-495-76187382


Price Behavior

Price Behavior
Market Price$14.62 
Market Cap ($ Bil)2.4 
First Trading Date04/02/2018 
Distance from 52W High-21.2% 
   50 Days200 Days
DMA Price$17.05$15.12
DMA Trendupup
Distance from DMA-14.3%-3.3%
 3M1YR
Volatility42.0%49.4%
Downside Capture-26.88-128.00
Upside Capture-63.32-63.43
Correlation (S&P 500)2.5%-18.3%
TALO Betas & Captures as of 10/31/2026

 1M2M3M6M1Y3Y
Beta-0.40-0.75-1.05-1.14-0.900.82
Up Beta-0.91-2.01-2.48-1.84-1.891.15
Down Beta0.26-0.52-0.07-0.110.441.60
Up Capture35%-43%-40%-68%-29%5%
Bmk +ve Days12182862130427
Stock +ve Days13233264135377
Down Capture-141%-94%-197%-258%-397%35%
Bmk -ve Days10253664121325
Stock -ve Days8193161111362

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with TALO
TALO49.7%49.4%0.97-
Sector ETF (XLE)43.7%23.4%1.4772.4%
Equity (SPY)13.3%13.7%0.65-18.5%
Gold (GLD)3.7%28.8%0.12-5.9%
Commodities (DBC)38.2%21.3%1.4258.3%
Real Estate (VNQ)13.7%14.3%0.65-12.0%
Bitcoin (BTCUSD)-25.3%43.6%-0.551.7%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with TALO
TALO1.4%54.5%0.23-
Sector ETF (XLE)20.2%25.6%0.7075.6%
Equity (SPY)11.8%17.3%0.5131.1%
Gold (GLD)17.8%19.1%0.758.2%
Commodities (DBC)8.0%19.6%0.2956.7%
Real Estate (VNQ)1.5%18.9%-0.0325.3%
Bitcoin (BTCUSD)4.4%51.6%0.2715.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with TALO
TALO-8.4%63.4%0.11-
Sector ETF (XLE)10.3%29.7%0.3871.5%
Equity (SPY)15.3%18.0%0.7236.5%
Gold (GLD)12.1%16.5%0.601.9%
Commodities (DBC)7.6%18.1%0.3353.0%
Real Estate (VNQ)6.1%20.7%0.2529.2%
Bitcoin (BTCUSD)60.0%66.3%1.009.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date10152026
Short Interest: Shares Quantity8.8 Mil
Short Interest: % Change Since 9302026-2.9%
Average Daily Volume3.5 Mil
Days-to-Cover Short Interest2.5 days
Basic Shares Quantity166.6 Mil
Short % of Basic Shares5.3%

Earnings Returns History

Updated 11/6/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/3/2026-3.0%  
8/4/2026-0.6%9.1%20.7%
5/6/2026-0.9%1.7%-4.1%
2/25/20262.1%15.1%46.1%
11/6/20256.1%7.9%21.2%
8/6/20250.8%6.7%21.6%
5/22/20250.1%1.4%7.9%
2/27/2025-1.5%-8.5%4.0%
...
SUMMARY STATS   
# Positive121314
# Negative131110
Median Positive2.1%6.7%16.7%
Median Negative-3.0%-7.0%-13.7%
Max Positive14.3%28.1%61.5%
Max Negative-15.5%-18.0%-25.2%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/3/2026-3.0%  
8/4/2026-0.6%9.1%20.7%
5/6/2026-0.9%1.7%-4.1%
2/25/20262.1%15.1%46.1%
11/6/20256.1%7.9%21.2%
8/6/20250.8%6.7%21.6%
5/22/20250.1%1.4%7.9%
2/27/2025-1.5%-8.5%4.0%
11/12/20241.7%-3.1%-12.9%
8/8/2024-3.4%-1.0%-9.5%
5/6/2024-4.3%-7.0%-19.2%
2/29/20241.1%-5.1%5.5%
11/7/2023-3.0%6.0%-8.1%
8/8/20232.9%1.9%2.7%
5/9/2023-15.5%-9.6%6.3%
3/1/2023-10.7%-13.2%-15.2%
11/3/2022-1.1%-8.5%-6.0%
8/4/202214.3%21.9%30.9%
5/24/20220.7%6.0%-22.0%
2/25/202211.3%28.1%12.7%
11/3/2021-2.6%-18.0%-25.2%
8/3/2021-8.0%-3.7%7.8%
5/6/20212.1%0.5%30.3%
3/11/20217.6%-6.3%-14.4%
11/5/2020-4.0%16.9%61.5%
SUMMARY STATS   
# Positive121314
# Negative131110
Median Positive2.1%6.7%16.7%
Median Negative-3.0%-7.0%-13.7%
Max Positive14.3%28.1%61.5%
Max Negative-15.5%-18.0%-25.2%

SEC Filings

Expand for More
Report DateFiling DateFiling
09/30/202611/04/202610-Q
06/30/202608/05/202610-Q
03/31/202605/06/202610-Q
12/31/202502/25/202610-K
09/30/202511/06/202510-Q
06/30/202508/07/202510-Q
03/31/202505/06/202510-Q
12/31/202402/27/202510-K
09/30/202411/12/202410-Q
06/30/202408/08/202410-Q
03/31/202405/07/202410-Q
12/31/202302/29/202410-K
09/30/202311/07/202310-Q
06/30/202308/09/202310-Q
03/31/202305/09/202310-Q
12/31/202203/01/202310-K
Collapse to Preview
Report DateFiling DateFiling
09/30/202611/04/202610-Q
06/30/202608/05/202610-Q
03/31/202605/06/202610-Q
12/31/202502/25/202610-K
09/30/202511/06/202510-Q
06/30/202508/07/202510-Q
03/31/202505/06/202510-Q
12/31/202402/27/202510-K
09/30/202411/12/202410-Q
06/30/202408/08/202410-Q
03/31/202405/07/202410-Q
12/31/202302/29/202410-K
09/30/202311/07/202310-Q
06/30/202308/09/202310-Q
03/31/202305/09/202310-Q
12/31/202203/01/202310-K
09/30/202211/03/202210-Q
06/30/202208/05/202210-Q
03/31/202205/05/202210-Q
12/31/202102/25/202210-K
09/30/202111/03/202110-Q
06/30/202108/04/202110-Q
03/31/202105/06/202110-Q
12/31/202003/11/202110-K
09/30/202011/05/202010-Q
06/30/202008/06/202010-Q
03/31/202005/07/202010-Q
12/31/201903/12/202010-K

Recent Forward Guidance

Updated 11/4/2026

Latest: Q3 2026 Earnings Reported 11/3/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q1 2027 Monument Gross ProductionReported202530   
Q4 2026 Hurricane Isaias Production ImpactReported      
2026 Average Daily ProductionReported92.593.594.5   
2026 Average Daily Oil ProductionReported686970   
2026 P&A, Decommissioning ExpendituresReported135.00 Mil140.00 Mil145.00 Mil   
2026 General and Administrative ExpensesReported135.00 Mil140.00 Mil145.00 Mil   
2026 Cash Operating Expenses and WorkoversReported580.00 Mil590.00 Mil600.00 Mil2.6% RaisedGuidance: 575.00 Mil for 2026
2026 Interest ExpenseReported155.00 Mil160.00 Mil165.00 Mil0.0% AffirmedGuidance: 160.00 Mil for 2026
2026 Capital ExpendituresReported475.00 Mil500.00 Mil525.00 Mil-4.8% LoweredGuidance: 525.00 Mil for 2026
2026 Free Cash Flow Allocated to Share RepurchasesReported 0.50.5   


Prior: Q2 2026 Earnings Reported 8/4/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q3 2026 Production (MBo/d)Reported610006300065000   
Q3 2026 Production (MBoe/d)Reported810008300085000   
2026 Avg Daily Production (MBoe/d)Reported8700089000910001.7% RaisedGuidance: 87500 for 2026
2026 Avg Daily Production (MBo/d)Reported6400066000680003.1% RaisedGuidance: 64000 for 2026
2026 P&A, DecommissioningReported100.00 Mil115.00 Mil130.00 Mil0 AffirmedGuidance: 115.00 Mil for 2026
2026 G&AReported135.00 Mil140.00 Mil145.00 Mil3.7% RaisedGuidance: 135.00 Mil for 2026
2026 Cash Operating Expenses and WorkoversReported560.00 Mil575.00 Mil590.00 Mil0 AffirmedGuidance: 575.00 Mil for 2026
2026 Interest ExpenseReported155.00 Mil160.00 Mil165.00 Mil0 AffirmedGuidance: 160.00 Mil for 2026
2026 Capital ExpendituresReported500.00 Mil525.00 Mil550.00 Mil0 AffirmedGuidance: 525.00 Mil for 2026

Q1 2026 Earnings Reported 5/6/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q2 2026 Production (MBo/d)Reported630006500067000   
Q2 2026 Production (MBoe/d)Reported880009000092000   
2026 Production (MBo/d)Reported6200064000660000 AffirmedGuidance: 64000 for 2026
2026 Production (MBoe/d)Reported8500087500900000 AffirmedGuidance: 87500 for 2026
2026 P&A, DecommissioningReported100.00 Mil115.00 Mil130.00 Mil0 AffirmedGuidance: 115.00 Mil for 2026
2026 G&AReported130.00 Mil135.00 Mil140.00 Mil0 AffirmedGuidance: 135.00 Mil for 2026
2026 Cash Operating Expenses and WorkoversReported560.00 Mil575.00 Mil590.00 Mil0 AffirmedGuidance: 575.00 Mil for 2026
2026 Interest ExpenseReported155.00 Mil160.00 Mil165.00 Mil0 AffirmedGuidance: 160.00 Mil for 2026
2026 Capital ExpendituresReported500.00 Mil525.00 Mil550.00 Mil0 AffirmedGuidance: 525.00 Mil for 2026

Q4 2025 Earnings Reported 2/25/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q1 2026 Avg Daily Production (MBo/d)Reported606264   
Q1 2026 Avg Daily Production (MBoe/d)Reported848688   
2026 P&A ExpendituresReported100.00 Mil115.00 Mil130.00 Mil   
2026 Avg Daily Production (MBoe/d)Reported8587.590   
2026 Avg Daily Production (MBo/d)Reported626466   
2026 G&AReported130.00 Mil135.00 Mil140.00 Mil   
2026 Cash Operating Expenses and WorkoversReported560.00 Mil575.00 Mil590.00 Mil   
2026 Interest ExpenseReported155.00 Mil160.00 Mil165.00 Mil   
2026 Capital ExpendituresReported500.00 Mil525.00 Mil550.00 Mil   

Insider Activity

Updated 10/29/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Control, Empresarial DE Capitales SA DE CV DirectSell1029202618.331,200,00021,992,040375,539,997Form
2Control, Empresarial DE Capitales SA DE CV DirectSell1029202618.50308,5865,709,520401,338,880Form
3Control, Empresarial DE Capitales SA DE CV DirectSell1027202618.332,500,00045,823,500403,246,800Form
4Control, Empresarial DE Capitales SA DE CV DirectSell1021202618.012,141,59038,562,754441,161,700Form
5Control, Empresarial DE Capitales SA DE CV DirectSell1019202617.192,700,00046,422,990458,067,506Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Control, Empresarial DE Capitales SA DE CV DirectSell1029202618.331,200,00021,992,040375,539,997Form
2Control, Empresarial DE Capitales SA DE CV DirectSell1029202618.50308,5865,709,520401,338,880Form
3Control, Empresarial DE Capitales SA DE CV DirectSell1027202618.332,500,00045,823,500403,246,800Form
4Control, Empresarial DE Capitales SA DE CV DirectSell1021202618.012,141,59038,562,754441,161,700Form
5Control, Empresarial DE Capitales SA DE CV DirectSell1019202617.192,700,00046,422,990458,067,506Form
6Control, Empresarial DE Capitales SA DE CV DirectSell1019202617.0152,000884,551499,118,051Form
7Control, Empresarial DE Capitales SA DE CV DirectSell1015202617.30265,4464,592,667508,559,076Form
8Control, Empresarial DE Capitales SA DE CV DirectSell1015202617.512,700,00047,277,270519,332,686Form
9Control, Empresarial DE Capitales SA DE CV DirectSell1013202617.252,200,00037,953,740558,248,381Form
10Control, Empresarial DE Capitales SA DE CV DirectSell1013202617.081,730,00029,545,113590,202,673Form
11Control, Empresarial DE Capitales SA DE CV DirectSell1013202617.032,310,00039,341,610618,038,572Form
12Control, Empresarial DE Capitales SA DE CV DirectSell1008202616.96480,0008,140,608654,624,211Form
13Control, Empresarial DE Capitales SA DE CV DirectSell917202618.521,381,00025,579,622723,842,837Form
14Moss, William S IiiSee RemarksDirectSell904202617.32120,0002,078,4005,284,626Form
15Babcock, GregorySee RemarksDirectSell831202616.7461,3071,026,2791,414,681Form
16Spath, John BSee RemarksDirectSell831202616.9090,0001,521,0003,021,517Form
17Control, Empresarial DE Capitales SA DE CV DirectSell522202616.80339,5685,703,792679,615,317Form
18Control, Empresarial DE Capitales SA DE CV DirectSell520202616.38150,0002,457,015668,301,593Form
19Control, Empresarial DE Capitales SA DE CV DirectSell520202616.38284,0004,651,721670,725,849Form
20Control, Empresarial DE Capitales SA DE CV DirectSell330202616.681,352,00022,551,630687,784,761Form
21Control, Empresarial DE Capitales SA DE CV DirectSell330202616.65960,00015,988,320709,241,942Form

Investor Activity (13F)

Updated Nov 10, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Webs Creek Capital Management LP$47.8 Mil8.3%14TRIM -8.2%13F
Sourcerock Group LLC$125.3 Mil5.3%39TRIM -24.8%13F
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Sourcerock Group LLC$125.3 Mil5.3%39TRIM -24.8%13F
Webs Creek Capital Management LP$47.8 Mil8.3%14TRIM -8.2%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Sourcerock Group LLC$125.3 Mil5.3%39TRIM -24.8%13F
Webs Creek Capital Management LP$47.8 Mil8.3%14TRIM -8.2%13F
Core Cache Last Updated: 11/9/2026