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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 549M | 27.7% |
| Gross Profit | 470M | 41.1% |
| Cost of Revenue | 79M | 18.4% |
| Operating expense | 79M | 705.6% |
| Net Income | 12M | 111% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 6.36B | 1.1% |
| Total Liabilities | 3.64B | 1.3% |
| Total Equity | 2.73B | 0.9% |
| Shares Outstanding | 184M | 15.8% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 289M | 200.1% |
| Cash from investing | -125M | 86.6% |
| Cash from financing | -146M | 117.6% |
EPS
Financial Highlights for Talos Energy in Q2 '24
Talos Energy reported a revenue of 549M, which is a 27.7% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 470M, marking a 41.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 79M, a -18.4% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 79M, showing a 705.6% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 12M, showing a 111% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
It was a positive quarter for Talos Energy with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
