Filing Flows › Talos Energy (TALO) › Q3 2026 › vs Q2 2026
Talos Energy (TALO) Q3 2026 vs Q2 2026 (quarter over quarter)
Talos Energy's revenue fell $68.8M (-10%) from $665M in Q2 2026 to $596M in Q3 2026. The biggest changes: Oil and Condensate −$71.0M (-11%); Natural Gas Production +$1.1M (+4%); Natural Gas Liquids Reserves +$1.0M (+8%).
Talos Energy, Q3 2026: revenue $596M (+32% year over year), operating margin 26.3%, net loss $81.1M, operating cash flow $326M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Free cash flow margin | 31.1% | 29.9% | +1.2 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Oil and Condensate | $550M | $621M | −$71.0M | -11% |
| Natural Gas Production | $32.1M | $31.0M | $1.1M | +4% |
| Natural Gas Liquids Reserves | $14.1M | $13.0M | $1.0M | +8% |
| Revenue | $596M | $665M | −$68.8M | -10% |
| Net loss | $81.1M | −$150M | $231M | — |
| Costs & expenses | $677M | $665M | $12.2M | +2% |
| Operating costs | $439M | $467M | −$27.5M | -6% |
| Interest & other, net | $191M | $3.5M | $187M | 55× |
| Income tax | $47.1M | $44.8M | $2.3M | +5% |
| General & admin | $43.1M | $44.6M | −$1.5M | -3% |
| Other operating costs | $396M | $422M | −$26.1M | -6% |
| Operating cash sources | $407M | $151M | $256M | +170% |
| Depreciation & amortization | $233M | $229M | $4.1M | +2% |
| Share-based compensation | $6.4M | $6.4M | −$30K | -0.5% |
| Working capital & other | $167M | −$85.0M | $252M | — |
| Net loss absorbed | $81.1M | −$150M | $231M | — |
| Operating cash flow | $326M | $301M | $25.2M | +8% |
| Free cash flow (OCF − capex) | $185M | $199M | −$13.5M | -7% |
| Capital expenditures | $140M | $102M | $38.7M | +38% |
Questions
How much did Talos Energy's revenue grow quarter over quarter in Q3 2026?
Talos Energy's revenue fell $68.8M (-10%) from $665M in Q2 2026 to $596M in Q3 2026.
What drove Talos Energy's revenue change in Q3 2026?
Oil and Condensate −$71.0M (-11%); Natural Gas Production +$1.1M (+4%); Natural Gas Liquids Reserves +$1.0M (+8%).