Filing Flows › Talos Energy (TALO) › Q3 2026
Talos Energy (TALO) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
Talos Energy (TALO) reported revenue of $596M for the third quarter 2026 (Q3 2026), +32% from a year earlier and -10% from the quarter before. Operating margin was 26.3%, net loss $81.1M (13.6% of revenue).
Talos Energy, Q3 2026: revenue $596M (+32% year over year), operating margin 26.3%, net loss $81.1M, operating cash flow $326M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $596M | -10% | +32% |
| Operating profit | $157M | -21% | — |
| Net earnings | −$81.1M | -154% | — |
| Operating cash flow | $326M | +8% | +185% |
| Free cash flow | $185M | -7% | +547% |
What changed
Revenue was $596.0M in Q3 2026, up 32% year over year and down 10% from the previous quarter. Oil and Condensate was the largest line at 92% of revenue. Oil and Condensate added $149.6M year over year (up 37%), 103% of the total change. Natural Gas Production declined 22%.
Operating profit was $156.9M, a 26.3% margin (up 45.5 points year over year). Total costs fell 18% while revenue rose 32%. The quarter ended with a net loss of $81.1M, after a profit of $149.9M the previous quarter. Net interest and other expense of $190.9M was the main reason.
Operating cash flow was $325.8M (up 185% year over year). Non-cash charges added back $233.4M of depreciation and amortization and $6.4M of share-based compensation. Working capital and other items added $167.0M. Capital expenditures of $140.3M left free cash flow of $185.5M.
Questions
What was Talos Energy's revenue in the third quarter 2026?
Talos Energy (TALO) reported revenue of $596M for the third quarter 2026 (Q3 2026), +32% from a year earlier and -10% from the quarter before.
Was Talos Energy profitable in the third quarter 2026?
Operating profit was $157M (26.3% of revenue) and net loss $81.1M.
Source: Talos Energy 10-Q on SEC EDGAR.