Filing Flows › Talos Energy (TALO) › Q2 2026
Talos Energy (TALO) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Talos Energy (TALO) reported revenue of $665M for the second quarter 2026 (Q2 2026), +57% from a year earlier and +41% from the quarter before. Operating margin was 29.8%, net earnings $150M (22.5% of revenue).
Talos Energy, Q2 2026: revenue $665M (+56% year over year), operating margin 29.8%, net earnings $150M, operating cash flow $301M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $665M | +41% | +57% |
| Operating profit | $198M | — | — |
| Net earnings | $150M | — | — |
| Operating cash flow | $301M | +73% | -15% |
| Free cash flow | $199M | +822% | -3% |
What changed
Revenue was $664.8M in Q2 2026, up 57% year over year and up 41% from the previous quarter. Oil and Condensate was the largest line at 93% of revenue. Oil and Condensate added $247.6M year over year (up 66%), 103% of the total change. Natural Gas Production declined 21%.
Operating profit was $198.2M, a 29.8% margin (up 94.2 points year over year). Total costs fell 33% while revenue rose 57%. The fastest-growing cost line was General & admin (+13%). Net earnings were $149.7M. The effective tax rate was 23.0%.
Operating cash flow was $300.6M (down 15% year over year), 201% of net earnings. Non-cash charges added back $229.4M of depreciation and amortization and $6.4M of share-based compensation. Working capital and other items used $85.0M. Capital expenditures of $101.6M left free cash flow of $199.0M.
Questions
What was Talos Energy's revenue in the second quarter 2026?
Talos Energy (TALO) reported revenue of $665M for the second quarter 2026 (Q2 2026), +57% from a year earlier and +41% from the quarter before.
Was Talos Energy profitable in the second quarter 2026?
Operating profit was $198M (29.8% of revenue) and net earnings $150M.
Source: Talos Energy 10-Q on SEC EDGAR.