TALO News & Events

Tech was at the forefront of Tuesday's rebound from Monday's deep selloff, and while AMDwas especially strong in the wake of its $100B deal with Metaannounced this morning, Enterprise Software also snapped higher following yesterday's spasm brought on by the viral Citrini Research post about AI disruption of legacy networks.  Adobeand Salesforce- down 27% and 30% respectively year-to-date - rebounded by 3.4% and 4.1% in Tuesday's trading.  Conversely, Energy and Health Care - two sectors that saw some inflows overnight - were negative on the day.   In the opening hour of the evening session and heading into this evening's State of the Union address by President Trump, index futures are flat.Commodities are also little changed, with WTI Crude Oil still above $66 per barrel despite the large API inventories build.  Precious metals are off their highs due to a rebound in the dollar - Gold is just north of $5,160 while Silver has retreated to $87 per ounce.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Axon Enterpriseup 15.3%Flywireup 10.6%Everus Constructionup 10.0%Resideo Technologiesup 9.7%Cava Groupup 8.6%TransMedicsup 6.9%CCC Intelligent Solutionsup 6.5%Trex Companyup 6.1%Supernus Pharmaceuticalsup 4.7%DOWN AFTER EARNINGS -Camping Worlddown 12.4%First Solardown 12.3%Workdaydown 9.0%GoDaddydown 7.9%CoStar Groupdown 6.6%HP Inc.down 6.3%Talos Energydown 5.6%MercadoLibredown 5.3%Lucid Groupdown 5.0%Tempus AIdown 4.4%

Reports Q4 revenue $392.24M, consensus $429.3M. "2025 marked the start of our transformation - building the foundation for the future," said Paul Goodfellow, President and CEO of Talos. "In June, we introduced an enhanced corporate strategy designed to position Talos as the leading pure-play offshore E&P company. Our strategy is built on three core pillars: driving continuous improvement across our business, growing production and profitability, and building a long-lived, scalable portfolio, all supported by a disciplined capital allocation framework. Since announcing this strategy, we strengthened our leadership team and we've been laser-focused on execution. In 2025, we realized more than $70 million in free cash flow enhancements, putting us on a strong trajectory toward achieving our $100 million target in 2026. We generated approximately $420 million in free cash flow, enabling us to return $120 million of capital to shareholders while strengthening our balance sheet. We delivered several key operational milestones, including bringing Sunspear and Katmai West #2 online and announcing an exciting discovery at Daenerys, which we plan to appraise in the second quarter of 2026. Our accomplishments in 2025 underscore the momentum we are building and reinforce our confidence in the path ahead. In 2026, we are looking forward to the opportunities to continue investing for the future and executing our strategy with discipline and focus."