TALO — what changed in the latest 10-Q
A section-by-section comparison of TALO's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-06 vs the prior 10-Q · 2025-11-06
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +40 | −72 | ~17 | 20 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 1 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Market risk (Item 3)
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-06
We combine our technical experience in geology, geophysics and engineering with innovative resource evaluation techniques and seismic imaging expertise to discover new resources. We rely on our operational experience to optimize our assets’ production and reserve recovery, safely and responsibly. Fi…
Cardona — We successfully drilled and completed the Cardona well in late 2025. Production commenced in early 2026, with the well flowing to our Pompano facility. Talos is the operator and holds a 65% working interest.
CPN — We successfully drilled the CPN well and finished well completion operations in the first quarter of 2026, with first production from the well expected in the third quarter of 2026. Talos is the operator and holds a 65% working interest.
Monument — Drilling operations have commenced and continuous drilling and completion activities are planned throughout 2026. First production is expected between 20-30 MBoepd gross and remains on track to commence by late 2026. Monument is a large Wilcox oil discovery in Walker Ridge blocks 271, 272…
The following encompasses recent developments since the filing of our 2025 Annual Report:
Text removed vs the prior filing · source: 10-Q · 2025-11-06
We have historically focused our operations in the U.S. Gulf of America because of our deep experience and technical expertise in the basin, which maintains favorable geologic and economic conditions, including multiple reservoir formations, comprehensive geologic and geophysical databases, extensiv…
From January 1, 2024 through March 18, 2024, we had two operating segments: (i) exploration and production of oil, natural gas and NGLs (“Upstream Segment”) and (ii) CCS (“CCS Segment”). Both segments were reportable based on the Company’s measure of segment profit or loss for the year ended Decembe…
The following significant developments have occurred since the filing of our Quarterly Report on Form 10-Q for the period ended June 30, 2025.
Operational Updates — During the three months ended September 30, 2025, we achieved earlier-than-expected resumption of production at the Sunspear well following an early failure of the surface-controlled subsurface safety valve and a successful exploratory discovery at the Daenerys well.
Share Repurchase Program — During the three months ended September 30, 2025, we repurchased 5.0 million shares for $48.1 million exclusive of broker commissions under our share repurchase program, which was previously authorized by our Board of Directors (the “Board”), resulting in $97.3 million ava…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice