Talos Energy Inc TALO:NYSE

Last Price$6.68NYSE Previous Close - Last Trade as of 7:00PM ET 9/18/20
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Talos Energy Swings to Q2 Adjusted Loss, Revenue Declines

5:48AM ET 8/06/2020 MT Newswires
Talos Energy (TALO) on Wednesday swung to a Q2 adjusted loss of $0.45 per share from adjusted earnings of $1.25 per share in the prior-year period. The Capital IQ consensus estimate called for an adjusted loss of $0.46 per share.

Revenue for the quarter was $88.9 million, down from $286.8 million reported for the same period last year by the independent oil producer. The CapIQ-compiled estimate was $129.7 million.

The company expects to end the year with a production rate of 71 to 73 MBoe/d.

For 2020, Talos expects average production to be at the low end of its previously issued guidance of 61 to 64.4 MBoe/d, driven primarily by more shut-ins than it anticipated during the second quarter. It expects capital expenditures for the year to range from $355 million to $380 million.

Price: 7.69, Change: +0.17, Percent Change: +2.26