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
|Consensus Estimates for Wright Medical Group's 2020,...|
|Valero Energy's Q3, 2020, and 2021 Earnings Lowered ...|
|Analysts Estimates for UBS Group's 2020 Scaled Down|
|Travelzoo's Q3 Forecast Targeted Lower but 2021 Expe...|
|Tesla's Q3, 2020, 2021 Full Year Earnings Estimates ...|