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Talos Energy TALO US — Exploration Costs Cumulative

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GTEEC — Costs Incurred Exploration Costs
$11.67M-42.9%

Other financials

Income statement

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Revenue$664.8M+56.5%
Operating income$198.2M+172%
Net income$149.7M+180%
EPS (diluted)$0.88+184%

Balance sheet

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Cash & equivalents$577.6M+61.7%
Total debt$1.3B-1.4%
Total equity$2.0B-19.3%
Total assets$5.4B-8.3%

Cash flow

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Operating cash flow$300.6M-14.5%
CapEx$9.7M
Free cash flow$290.9M-22.5%

Valuation

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Market cap$2.6B+90.1%
Enterprise value$3.37B+41.9%
P/S1.3×+0.6×

Profitability

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Operating margin-12.7%+7.4pp
Net margin-20.5%-89.4pp
FCF margin35.1%-24.0pp

Returns & leverage

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Return on equity-17.8%-42.8pp
Debt / equity0.7×+0.1×
Current ratio1.6×+0.4×

Where this comes from

Reported directly by Talos Energy in its filing.

Tagged under the XBRL concept us-gaap:ExplorationCostsCumulative.

The source filing: Talos Energy’s 10-K, filed February 25, 2026.

Filed
Feb 24, 2026, 7:00 PM EST
Fiscal year
FY2025
Accession
0001193125-26-067807
Line itemYear Ended December 31,Year Ended December 31,Year Ended December 31,Year Ended December 31,Year Ended December 31,
Total2025202420232022 and Prior
Acquisition United States$400,677$$263,783$136,894
Exploration United States79,87841,57626,3149,5852,403
Total unproved properties, not subject to amortization$480,555$$$41,576$290,097$146,4792,403

Item 16. Form 10-K Summary

FAQ

What is Talos Energy's US — exploration costs cumulative?
Talos Energy (TALO) reported US — exploration costs cumulative of $79.88M in Q4 2025.
How has Talos Energy's US — exploration costs cumulative changed year-over-year?
Talos Energy's US — exploration costs cumulative increased by 71.8% year-over-year, from $46.5M to $79.88M.
What does US — exploration costs cumulative mean?
The cumulative capital investment dedicated to geological and geophysical activities, as well as exploratory drilling, within the US segment. This metric measures the company's commitment to organic reserve replacement and growth through discovery. High cumulative costs relative to reserve additions may indicate lower exploration efficiency.

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