Talos Energy: Q4 Earnings Snapshot
HOUSTON (AP) _ Talos Energy, Inc. (TALO) on Wednesday reported a fourth-quarter loss of $430.7 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Houston-based company said it had a loss of $5.73. Losses, adjusted for non-recurring costs, came to 41 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 27 cents per share.
The independent oil and gas company posted revenue of $175.7 million in the period, also falling short of Street forecasts. Four analysts surveyed by Zacks expected $185.6 million.
For the year, the company reported a loss of $465.6 million, or $6.27 per share, swinging to a loss in the period. Revenue was reported as $587.5 million.
Talos Energy shares have increased 64% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $13.53, a rise of 57% in the last 12 months.