Filing Flows › Talos Energy (TALO) › How it makes money
How Talos Energy (TALO) makes money
Talos Energy (TALO) made $596M of revenue in the third quarter 2026 (Q3 2026), +32% from a year earlier. Oil and Condensate brought in $550M (92%); Natural Gas Production brought in $32.1M (5%); Natural Gas Liquids Reserves brought in $14.1M (2%).
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Oil and Condensate | $550M | 92.2% | -11% | +37% |
| Natural Gas Production | $32.1M | 5.4% | +4% | -22% |
| Natural Gas Liquids Reserves | $14.1M | 2.4% | +8% | +65% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $596M | 100.0% |
| Income tax | $47.1M | 7.9% |
| Operating cash flow | $326M | 54.7% |
| Free cash flow | $185M | 31.1% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $596M | +32% |
| Q2 2026 | $665M | +56% |
| Q1 2026 | $472M | -8% |
| Q4 2025 | $392M | -19% |
| Q3 2025 | $450M | -12% |
| Q2 2025 | $425M | -23% |
| Q1 2025 | $513M | +19% |
From Talos Energy's 10-Q filed Nov 4, 2026 (on EDGAR).
Questions
How does Talos Energy make money?
Talos Energy (TALO) made $596M of revenue in the third quarter 2026 (Q3 2026), +32% from a year earlier. Oil and Condensate brought in $550M (92%); Natural Gas Production brought in $32.1M (5%); Natural Gas Liquids Reserves brought in $14.1M (2%).
What is Talos Energy's biggest business?
Oil and Condensate: $550M in the third quarter 2026, 92% of revenue, +37% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.