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HOUSTON - Talos Energy Inc. (NYSE: TALO), an independent energy company with a market capitalization of $1.46 billion, announced today that Gregory M. Babcock will take on the role of Interim Chief Financial Officer starting June 28, 2025, following the departure of current Executive Vice President and CFO, Sergio L. Maiworm Jr., who is leaving to pursue a new opportunity. Maiworm will remain with the company in his current role until June 27, 2025, to assist with the transition. According to InvestingPro analysis, the company currently trades below its Fair Value, presenting a potential opportunity for investors.
Mr. Babcock, with over 17 years of industry experience, has been part of Talos Energy since 2014 and has held the position of Vice President and Chief Accounting Officer since 2019. His tenure at the company includes roles as Corporate Controller and Financial Reporting Manager, and he is a Certified Public Accountant with a Master’s in Finance and a B.B.A. in Accounting from Texas A&M University. Prior to joining Talos, Mr. Babcock worked at Deloitte & Touche.
Paul Goodfellow, President and CEO of Talos, expressed gratitude for Maiworm’s contributions and leadership and welcomed Babcock’s continued role, emphasizing his financial expertise and readiness for the interim CFO position. The company also confirmed that this leadership transition is not due to any issues with financial reporting or internal controls and that it upholds its production and financial guidance for the second quarter and full year of 2025. InvestingPro data shows the company maintains a "GOOD" overall financial health score, though analysts have revised earnings expectations downward for the upcoming period.For deeper insights into Talos Energy’s financial health, valuation metrics, and growth prospects, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US stocks with expert analysis and actionable intelligence.
Talos Energy has commenced a comprehensive search for a permanent CFO to succeed Maiworm. The company specializes in Exploration & Production in the Gulf of Mexico and offshore Mexico, focusing on technical expertise, safe and efficient operations, and environmental responsibility.
This leadership announcement is based on a press release statement from Talos Energy.
In other recent news, Talos Energy reported a notable financial performance for the first quarter of 2025, surpassing earnings expectations. The company achieved an earnings per share of $0.06, significantly exceeding the forecasted -$0.11. Revenue also outperformed expectations, reaching $513.06 million compared to the anticipated $496.85 million. Talos Energy’s EBITDA hit a record $363 million, and the company generated a record free cash flow of $195 million. Additionally, the company reported a production level of 100,900 barrels of oil equivalent per day. Analysts from Goldman Sachs and KeyBanc Capital Markets discussed the company’s share repurchase program, which could utilize up to 50% of free cash flow. Talos Energy is also considering potential mergers and acquisitions as well as international expansion opportunities. The company has set a production guidance of 185,000 barrels of oil equivalent per day for 2025, with capital expenditures projected between $500 million and $540 million.
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