Talos Energy Announces Divestiture of Talos Low Carbon Solutions Subsidiary to TotalEnergies
Talos Energy, Inc. (TALO)
Last talos energy, inc. earnings: 3/11 06:00 pm
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Source: PR Newswire
HOUSTON, March 18, 2024 /PRNewswire/ -- Talos Energy Inc. ("Talos") (NYSE: TALO) today announced that it has entered into an agreement for the sale of its wholly owned subsidiary, Talos Low Carbon Solutions LLC ("TLCS"), to TotalEnergies E&P USA, Inc. ("TotalEnergies") for a purchase price of $125 million plus customary reimbursements, adjustments and retention of cash, combined totaling approximately $148 million. The transaction was based on an effective date of January 1, 2024 and will close later today. Talos intends to use the proceeds from the sale to immediately repay borrowings under its credit facility and for general corporate purposes.The sale includes Talos's entire carbon capture and sequestration ("CCS") business, including its three projects along the U.S. Gulf Coast: Bayou Bend CCS LLC, Harvest Bend CCS LLC ("Harvest Bend") and Coastal Bend CCS LLC ("Coastal Bend"). Talos may realize additional future cash payments upon achievement of certain milestones at the Harvest
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TALO
News
- Talos Energy Announces Organizational Updates [Yahoo! Finance]Yahoo! Finance
- Talos Energy Announces Organizational UpdatesPR Newswire
- Talos Energy Inc. (NYSE: TALO) had its price target raised by analysts at Stifel Nicolaus from $17.00 to $19.00. They now have a "buy" rating on the stock.MarketBeat
- Talos Energy Inc. (NYSE: TALO) had its "overweight" rating re-affirmed by analysts at Stephens. They now have a $26.00 price target on the stock.MarketBeat
- Talos Energy Inc. (NYSE: TALO) had its price target raised by analysts at KeyCorp from $20.00 to $21.00. They now have an "overweight" rating on the stock.MarketBeat
TALO
Earnings
- 2/28/24 - Miss
TALO
Sec Filings
- 4/25/24 - Form 8-K
- 4/25/24 - Form 4
- 4/17/24 - Form ARS
- TALO's page on the SEC website