Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuers Purchases of Equity Securities
Market for Common Stock
Our common stock is listed on the NYSE under the symbol “TALO”.
Holders of Record
Pursuant to the records of our transfer agent, as of February 17, 2026, there were approximately 133 holders of record of our common stock.
Dividends
We have never declared or paid any cash dividends on our common stock, and we anticipate that any available cash, other than the cash distributed to us to pay taxes and cover our corporate and other overhead expenses, will be retained by Talos Production Inc. to satisfy its operational and other cash needs. Accordingly, we do not anticipate paying any cash dividends on our common stock in the near-term. Although we do not expect to pay dividends on our common stock, if our Board of Directors decides to do so in the future, our ability to do so may be limited to the extent Talos Production Inc. is limited in its ability to make distributions to us, including the significant restrictions that the agreements governing Talos Production Inc.’s debt impose on the ability of Talos Production Inc. to make distributions and other payments to us. See Part IV, Item 15. Exhibits and Financial Statement Schedules — Note 8 — Debt — Limitation on Restricted Payments Including Dividends for additional information.
Securities Authorized for Issuance Under Equity Compensation Plans
See Part III, Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters for information regarding securities authorized for issuance under equity compensation plans.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
The following table sets forth information with respect to our repurchase of shares of common stock during the three months ended December 31, 2025 (in thousands, except for the share and per share amounts):
Period
Total Number of Shares Purchased
Average Price Paid
Total Number of Shares Purchased as Part of Publicly Announced Program (1)
Approximate Dollar Values of Shares that May Yet be Purchased Under the Program
October 1, 2025- October 31, 2025
—
$
—
—
$
97,330
November 1, 2025- November 30, 2025
159,571
$
10.97
159,571
$
95,580
December 1, 2025- December 31, 2025
1,330,000
$
11.05
1,330,000
$
80,889
Total
1,489,571
$
11.04
1,489,571
(1) Refer to Part I, Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations — Liquidity and Capital Resources — Common Stock Repurchase Program” for additional information regarding our authorized share repurchase program.
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Stockholder Return Performance Presentation
The following graph is included in accordance with the SEC’s executive compensation disclosure rules. This historic stock price performance is not necessarily indicative of future stock performance. The graph compares the change in the cumulative total return of our common stock, the Dow Jones U.S. Exploration and Production Index, and the S&P 500 Index for December 31, 2020 through December 31, 2025. The graph assumes that $100 was invested in our common stock and each index on December 31, 2020 and that dividends were reinvested.
2020
2021
2022
2023
2024
2025
Talos Energy Inc.
$
100
$
119
$
229
$
173
$
118
$
134
S&P 500 Index
$
100
$
129
$
105
$
133
$
166
$
196
Dow Jones U.S. Exploration & Production Index
$
100
$
176
$
280
$
291
$
288
$
295
The performance graph and the information contained in this section is not “soliciting material,” is being “furnished” not “filed” with the SEC and is not to be incorporated by reference into any of our filings under the Securities Act or the Exchange Act whether made before or after the date hereof and irrespective of any general incorporation language contained in such filing.
Item 6. [Reserved]
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