Talos Energy: 3Q Earnings Snapshot
HOUSTON (AP) — Talos Energy, Inc. (TALO) on Wednesday reported a third-quarter loss of $52 million, after reporting a profit in the same period a year earlier.
The Houston-based company said it had a loss of 73 cents per share. Losses, adjusted for one-time gains and costs, were 52 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 48 cents per share.
The independent oil and gas company posted revenue of $135.1 million in the period, also falling short of Street forecasts. Four analysts surveyed by Zacks expected $148.7 million.
Talos Energy shares have decreased 80% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $6.14, a decline of 74% in the last 12 months.