Talos Energy (TALO) Q4 FY2023 earnings: revenue $385 million, up 12.5% on the year

Talos Energy Inc. (TALO) reported revenue of $385 million for Q4 FY2023, the quarter ended 31 December 2023, up 12.5% on the same quarter a year earlier. Net income was $86 million, up 3023.6% on the year, and diluted earnings per share $0.62. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2024.

Revenue$385 millionup 12.5%

Net income$86 millionup 3023.6%

Diluted EPS$0.62

QuarterQ4 FY2023ended 31 December 2023

The quarter, against the one before and a year earlier

Line	Q4 FY2023	Q3 FY2023	A year earlier	Change on the year
Revenue	385	383	n/a	n/a
Operating income	34.7	127	n/a	n/a
Operating margin	9.0%	33.1%	n/a
Interest expense	44.3	45.6	n/a	n/a
Pre-tax income	80.8	-18.0	n/a	n/a
Income tax	-5.1	-15.9	n/a	n/a
Effective tax rate	-6.3%	n/a	n/a
Net income	85.9	-2.1	n/a	n/a
Net margin	22.3%	-0.5%	n/a
Diluted EPS	$0.62	-$0.02	n/a	n/a

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q4 FY2023	Q3 FY2023	A year earlier	Change on the year
Operating cash flow	176	65.7	n/a	n/a
Cash from investing	-121	-79.3	n/a	n/a
Cash from financing	-34.9	10.5	n/a	n/a
Depreciation and amortisation	183	163	n/a	n/a
Share-based compensation	3.9	0.4	n/a	n/a
Buybacks	0.0	0.0	n/a	n/a
Diluted shares, weighted	121m	124m	n/a	n/a
Shares outstanding at period end	159m	124m	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q4 FY2023	Q3 FY2023	A year earlier	Change on the year
Shareholders' equity	2,155	2,062	n/a	n/a
Debt	1,026	1,052	n/a	n/a
Operating lease liabilities	18.2	18.9	n/a	n/a
Finance lease liabilities	131	136	n/a	n/a
Other liabilities	1,486	1,484	n/a	n/a
Total liabilities and equity	4,816	4,753	n/a	n/a
Fixed assets	4,040	4,007	n/a	n/a
Cash and equivalents	33.6	13.6	n/a	n/a
Receivables	179	181	n/a	n/a
Other assets	563	551	n/a	n/a
Total assets	4,816	4,753	n/a	n/a

Questions

What was Talos Energy's revenue in Q4 FY2023?

Talos Energy (TALO) reported revenue of $385 million for Q4 FY2023, the quarter ended 31 December 2023, up 12.5% on the same quarter a year earlier.

How much did Talos Energy earn in Q4 FY2023?

Net income for Q4 FY2023 was $86 million, up 3023.6% on the year, and diluted earnings per share $0.62.

When did Talos Energy report Q4 FY2023 results?

Talos Energy filed its 10-K for the year that ended with the quarter on 29 February 2024; the fourth quarter is the year less the first three.

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	383	385	430	549	509	485	513	425	450	392	472	665
Operating income	127	34.7	67.8	54.4	23.5	27.2	43.5	-274	-86.2	-244	-119	198
Operating margin	33%	9%	16%	10%	5%	6%	8%	-64%	-19%	-62%	-25%	30%
Interest expense	45.6	44.3	50.8	49.0	46.3	41.5	40.9	40.8	40.8	40.8	39.2	39.2
Pre-tax income	-18.0	80.8	-134	11.4	106	-55.1	-10.0	-222	-120	-252	-321	195
Tax rate	n/a	-6%	n/a	-9%	17%	n/a	n/a	n/a	n/a	n/a	n/a	23%
Net income	-2.1	85.9	-112	12.4	88.2	-64.5	-9.9	-186	-95.9	-203	-256	150
Net margin	-1%	22%	-26%	2%	17%	-13%	-2%	-44%	-21%	-52%	-54%	23%
Diluted EPS	-$0.02	$0.62	-$0.71	$0.07	$0.49	-$0.36	-$0.05	-$1.05	-$0.55	-$1.19	-$1.52	$0.88
Operating cash flow	65.7	176	96.4	289	227	349	268	352	114	202	174	301
Buybacks	0.0	0.0	0.0	39.3	5.9	0.0	17.3	37.4	48.3	16.5	38.2	0.0
Shares outstanding	124m	159m	184m	180m	180m	180m	178m	175m	170m	169m	167m	167m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-K for the period ended 31 December 2023, filed 29 February 2024, accession 0000950170-24-022540: the filing on EDGAR. All of Talos Energy Inc.'s filings: EDGAR company page.

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