What does upstream — impairment of oil and gas properties mean?

Reflects the write-down of the carrying value of oil and gas assets when their estimated future cash flows are no longer sufficient to recover their book value. This metric signals potential overvaluation of assets or a decline in the economic viability of specific reserves.

Talos Energy TALO Upstream — Impairment Of Oil And Gas Properties

Similar metrics at other companies

XOMUpstream — Impairment, long-lived asset, held-for-use, before-tax

$400M—

NOGImpairment Of Oil And Gas Properties

$268.28M—

CVXUpstream — Goodwill Impairment

$0—

FAN

FANGImpairment Of Oil And Gas Properties

$1.4B—

EOGImpairment Of Oil And Gas Properties

$39M-11.4%

DML

DMLPImpairment Of Oil And Gas Properties

$0—

Other financials

Income statement

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Revenue$472.3M-7.9%

Operating income-$119.4M-375%

Net income-$256.2M-2,496%

EPS (diluted)-$1.52-2,940%

Balance sheet

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Cash & equivalents$386.4M+90.4%

Total debt$1.3B-1.4%

Total equity$1.9B-31.4%

Total assets$5.3B-14.0%

Cash flow

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Operating cash flow$174.0M-35.1%

CapEx$50.2M-30.9%

Free cash flow$123.8M-36.7%

Valuation

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Market cap$2.29B+51.7%

Enterprise value$3.25B+24.1%

P/S1.3×+0.6×

Profitability

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Operating margin-41.6%-48.8pp

Net margin-42.6%-43.9pp

FCF margin44.8%-7.6pp

Returns & leverage

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Return on equity-32.2%-33.1pp

Debt / equity0.7×+0.2×

Current ratio1.2×+0.1×

Where this comes from

Reported directly by Talos Energy in its filing.

Tagged under the XBRL concept us-gaap:ImpairmentOfOilAndGasProperties.

The official record: Talos Energy’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Talos Energy's upstream — impairment of oil and gas properties?: Talos Energy (TALO) reported upstream — impairment of oil and gas properties of -$145.02M in Q1 2026.
What does upstream — impairment of oil and gas properties mean?: Reflects the write-down of the carrying value of oil and gas assets when their estimated future cash flows are no longer sufficient to recover their book value. This metric signals potential overvaluation of assets or a decline in the economic viability of specific reserves.