Basic earnings per common share is computed by dividing net income (loss) attributable to common stockholders by the weighted average number of shares of common stock outstanding during the period. Except when the effect would be antidilutive, diluted earnings per common share includes the impact of RSUs and PSUs.

The following table presents the computation of the Company’s basic and diluted income (loss) per share attributable to common stockholders (in thousands, except for the per share amounts):


	Three Months Ended June 30,					Six Months Ended June 30,
	2026		2025			2026			2025
Net income (loss) attributable to Talos Energy Inc.	$	149,667	$	(185,937	)	$	(106,498	)	$	(195,805	)

Weighted average common shares outstanding — basic		166,980		177,404			167,677			178,791
Dilutive effect of securities		3,105		—			—			—
Weighted average common shares outstanding — diluted		170,085		177,404			167,677			178,791

Net income (loss) per share attributable to common stockholders:
Basic	$	0.90	$	(1.05	)	$	(0.64	)	$	(1.10	)
Diluted	$	0.88	$	(1.05	)	$	(0.64	)	$	(1.10	)
Anti-dilutive potentially issuable securities excluded from diluted common shares		2		4,616			2,717			4,072