9 Aug 2018quarterly activities report● Neutral
TALOS ENERGY INC. reported quarterly revenue of $282.9 million and net income of $13.1 million for the period ended 2018-09-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
6 Aug 2018quarterly activities report● Neutral
TALOS ENERGY INC. reported quarterly revenue of $282.9 million and net income of $13.1 million for the period ended 2018-09-30.
18 July 2018business combination● Neutral
Talos filed the required post-closing financial statements for the Stone Energy merger, a routine SEC-mandated follow-up with no new developments.
22 May 2018director interest notice● Neutral
TALOS ENERGY INC. director Charles M Sledge received a stock option grant for 4,175 shares.
22 May 2018director interest notice● Neutral
TALOS ENERGY INC. director Kendall Donald R Jr. received a stock option grant for 4,175 shares.
22 May 2018director interest notice● Neutral
TALOS ENERGY INC. director Neal P Goldman received a stock option grant for 6,263 shares.
22 May 2018director interest notice● Neutral
TALOS ENERGY INC. director James M Trimble received a stock option grant for 4,175 shares.
22 May 2018director interest notice● Neutral
TALOS ENERGY INC. director John B Juneau received a stock option grant for 4,175 shares.
21 May 2018director interest notice● Neutral
Riverstone Talos Energy Equityco LLC became a TALOS ENERGY INC. 10%+ owner and company insider (initial ownership filing).
21 May 2018substantial holder notice● Neutral
AP Talos Energy, LLC, AP Talos Energy Debtco, LLC, Apollo Talos Holdings, L.P, Apollo Management VII, L.P, AIF VII Management, LLC, Apollo Management, L.P, Apollo Management GP, LLC, Apollo Commodities Management, L.P., with respect to Series I, Apollo Commodities Management GP, LLC, Apollo Management Holdings, L.P, Apollo Management Holdings GP, LLC disclosed a new substantial TALOS ENERGY INC. shareholding (35.40% of votes).
21 May 2018director interest notice● Neutral
Apollo Management Holdings Gp, LLC became a TALOS ENERGY INC. 10%+ owner and company insider (initial ownership filing).
21 May 2018director interest notice● Neutral
Riverstone Holdings LLC became a TALOS ENERGY INC. 10%+ owner and company insider (initial ownership filing).
21 May 2018substantial holder notice● Neutral
Riverstone Talos Energy Equityco LLC, Riverstone Talos Energy Debtco LLC, Riverstone V Talos Holdings, L.P, Riverstone Energy Partners V, L.P, Riverstone Energy GP V, LLC, Riverstone Energy GP V Corp, Riverstone Holdings LLC, Riverstone/Gower Mgmt Co Holdings, L.P, Riverstone Management Group, L.L.C, David M. Leuschen, Pierre F. Lapeyre, Jr disclosed a new substantial TALOS ENERGY INC. shareholding (27.60% of votes).
18 May 2018quarterly activities report▼ Bad
TALOS ENERGY INC. reported quarterly revenue of $203.9 million and a net loss of $74.9 million for the period ended 2018-06-30.
16 May 2018business combination▲ GoodMajor
The merger closed on May 10, 2018, creating the public Talos Energy, Inc.: a new 10-member board split between Apollo and Riverstone nominees plus management, and a new $600 million JPMorgan-led credit facility ($300 million drawn at closing, expandable to $1.5 billion) replacing Stone Energy's old debt. Most of Stone's outstanding notes were tendered into an exchange offer as part of the transaction.
16 May 2018substantial holder notice● Neutral
Franklin Resources, Inc, Charles B. Johnson, Rupert H. Johnson, Jr, Franklin Advisers, Inc disclosed a new substantial TALOS ENERGY INC. shareholding (13.30% of votes).
9 Apr 2018securities registration● Neutral
TALOS ENERGY INC. filed the final prospectus for a registered offering.
4 Apr 2018business combination● Neutral
Amendment No. 4 states its own purpose: filed solely to amend Item 21 of Part II and transmit an exhibit, expressly leaving the prospectus and Items 20 and 22 untouched. The substantive correction is in the exhibit index, which had named the wrong Talos Mexican subsidiary on the Contract Area 7 production-sharing contract -- Talos Energy Offshore Mexico 2 rather than 7.
30 Mar 2018business combination● Neutral
Amendment No. 3 set the clock running: 5 April 2018 fixed as the record date for the Stone shareholder written consent, and the new holding company's name written into the charter as Talos Energy, Inc. in place of the placeholder.
15 Mar 2018business combination● Neutral
Amendment No. 2 added Talos Energy LLC's audited accounts and re-struck the registration fee off a $30.83 Stone share price against $27.24 in December, so Stone's stock had risen about 13% since the deal was agreed. It also disclosed that Stone's adviser Petrie Partners earned a $1 million fee simply for delivering its fairness opinion, payable whatever that opinion concluded.
9 Feb 2018business combination● Neutral
Amendment No. 1 fleshed out the bankers' work rather than the deal. It added the precedent-transaction multiples Stone's advisers had used -- transaction value per barrel of proved reserves and per barrel a day of production -- and set out what the Stone board actually weighed in settling the 63/37 split: standalone proved reserves, production, prospect inventory, management teams and forecast production, EBITDA and capital spending. It also warned that the probable and possible reserves running through those forecasts are unrisked and must not be added to proved.
29 Dec 2017business combination▲ GoodMajor
Talos Energy, Inc. was born on paper: a new holding company (Sailfish Energy Holdings, to be renamed Talos Energy) filed to combine bankruptcy-emerged Stone Energy Corporation with privately-held, Apollo- and Riverstone-backed Talos Energy LLC. Stone shareholders would get one new-Talos share per Stone share and end up owning 37% of the combined company, with Talos's private owners holding the other 63% - creating what the filing calls a premier offshore-focused Gulf of Mexico E&P.