Filing Flows › Talos Energy (TALO) › Q1 2025
Talos Energy (TALO) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Talos Energy (TALO) reported revenue of $513M for the first quarter 2025 (Q1 2025), +19% from a year earlier and +6% from the quarter before. Operating margin was 8.5%, net loss $9.9M (1.9% of revenue).
Talos Energy, Q1 2025: revenue $513M (+19% year over year), operating margin 8.5%, net loss $9.9M, operating cash flow $268M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $513M | +6% | +19% |
| Operating profit | $43.5M | — | — |
| Net earnings | −$9.9M | — | — |
| Operating cash flow | $268M | -23% | +178% |
| Free cash flow | $139M | -29% | — |
What changed
Revenue was $513.1M in Q1 2025, up 19% year over year and up 6% from the previous quarter. Oil and Condensate was the largest line at 86% of revenue. Oil and Condensate added $47.5M year over year (up 12%), 57% of the total change.
Operating profit was $43.5M, a 8.5% margin (down 7.3 points year over year). Operating profit fell $24.4M even though revenue rose $83.1M versus a year earlier, so costs grew faster than sales. Total costs grew 30% against revenue growth of 19%. The fastest-growing cost line was Other operating costs (+49%). The quarter ended with a net loss of $9.9M, narrower than the previous quarter's $64.5M loss. Net interest and other expense of $53.4M was the main reason.
Operating cash flow was $268.2M (up 178% year over year). Non-cash charges added back $280.7M of depreciation and amortization and $4.1M of share-based compensation. Capital expenditures of $129.0M left free cash flow of $139.2M.
Questions
What was Talos Energy's revenue in the first quarter 2025?
Talos Energy (TALO) reported revenue of $513M for the first quarter 2025 (Q1 2025), +19% from a year earlier and +6% from the quarter before.
Was Talos Energy profitable in the first quarter 2025?
Operating profit was $43.5M (8.5% of revenue) and net loss $9.9M.
Source: Talos Energy 10-Q on SEC EDGAR.