Talos Energy: 3Q Earnings Snapshot
HOUSTON (AP) _ Talos Energy, Inc. (TALO) on Wednesday reported third-quarter profit of $73.3 million.
The Houston-based company said it had net income of $1.35 per share. Earnings, adjusted for non-recurring gains, came to 81 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share.
The independent oil and gas company posted revenue of $228.9 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $236.9 million.
Talos Energy shares have risen 46% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $23.77, a decrease of 7% in the last 12 months.