Talos Energy 10% owner sells $45.8m in shares

Control Empresarial de Capitales S.A. de C.V., a 10% owner and director of Talos Energy Inc. (NASDAQ:TALO), sold 2,500,000 common shares for a total value of $45,823,500. The transaction occurred on October 23, 2026.

The shares were sold at prices ranging from $18.20 to $18.51 per share, with a weighted average price of $18.3294. The sale came as Talos trades near its 52-week high of $18.76, following a remarkable 91% return over the past year. According to InvestingPro analysis, the stock remains undervalued with a Fair Value of $20.03, suggesting potential upside despite the recent rally. Following this transaction, Control Empresarial de Capitales S.A. de C.V. beneficially owns 22,000,000 common shares of Talos Energy. For deeper insights into TALO’s valuation and growth prospects, InvestingPro offers exclusive access to 11 additional ProTips, comprehensive Pro Research Reports, and detailed financial health metrics for this and 1,400+ other US equities. The reporting person is also identified as an additional reporting person, as detailed in Exhibit 99.1 of the filing.

In other recent news, Talos Energy reported impressive second-quarter 2026 results, surpassing Wall Street expectations with adjusted earnings of $0.57 per share against a projected $0.32. The company’s revenue also exceeded forecasts, reaching $664.81 million compared to the anticipated $577.86 million. Talos Energy generated a record adjusted free cash flow of approximately $232 million and increased its production guidance for the year. The company further strengthened its portfolio through acquisitions, including a significant $420 million purchase of deepwater assets in the Gulf of America from Shell Offshore Inc. This transaction included a 50% working interest in the Coulomb field and a 25% interest in the Na Kika platform. Additionally, Keybanc raised its price target for Talos Energy to $23, reflecting changes in market conditions. The company ended the quarter with a robust balance sheet, holding about $578 million in cash and $1.2 billion in liquidity. Talos Energy’s strategic moves also included new ventures in Mexico and Honduras.