TAL Education Group (TAL) Earnings Call Transcripts

TAL Education Group's Latest Earnings Call - Q4 FY2025

In the Q4 2025 earnings call, PetroTal Corp. reported a decline in production and financial metrics, with average production dropping to approximately 15,300 barrels per day in Q4, down from 19,500 barrels per day for the year. Adjusted EBITDA for 2025 was $166 million, a decrease from $237 million in 2024, while net income fell to $44 million from $111 million. Management maintained guidance for 2026, with expectations to restore production levels and execute a capital program of $80 million to $90 million, focusing on water handling and development drilling, which could support a production plateau of 20,000 to 25,000 barrels per day starting next year.

Reported metrics

Guidance from management

Management maintained its guidance for 2026, expecting to execute a capital program of $80 million to $90 million, focusing on water handling and development drilling to restore production momentum.

What management said

Indeed, we are actually working to try to expedite the increase in the water handling capacity from the current 170,000 barrels per day to hopefully 240,000 by year-end. So that will be fantastic. Just to give you an idea, an extra 70,000 barrels of water handling, at a 10% oil cut, that you can have like 5,000 barrels more of handling. So that's the importance of doing this, which sort of matches the amount of oil ...

We're still working on the permit to be able to drill the well in Block 107. Recently, Perupetro has given us an extension given the delay on the drilling permit. So that's very good. And about the drilling rig we're taking to Peru, that's going to be staying in Bretaña as we have a lot of oil to be developed at Bretaña. So we will need to bring somebody else, another rig for Block 107. And of course, we are looking...

What analysts pressed on

Analysts expressed concerns regarding the operational constraints affecting production and the delays in the erosion control project. There were questions about the potential cost increases and timeline adjustments for the erosion control project, as well as the implications of the production decline on future cash flows.

Main topics on the call

• Production Decline — PetroTal's Q4 production averaged 15,300 barrels per day, down from 19,500 barrels per day for the year, reflecting operational constraints. CEO Manolo Zuniga stated, "These constraints are primarily related to water han...
• Financial Performance — The company generated an adjusted EBITDA of $166 million in 2025, down from $237 million in 2024, primarily due to lower realized oil prices. CFO Camilo McAllister noted, "Adjusted EBITDA was $18.5 million in Q4, reflect...
• Cash Position and Liquidity — PetroTal ended 2025 with $139 million in total cash, including $112 million of unrestricted cash, providing a strong liquidity position. McAllister emphasized, "PetroTal remains in a strong financial position with no nea...
• Erosion Control Project Update — Management terminated the contract with the construction consortium for the erosion control project due to noncompliance. McAllister stated, "We have taken decisive action to intervene this and make some tough choices, b...

Read the full TAL Education Group transcript (Q4 FY2025) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 45 TAL Education Group earnings call transcripts on record, spanning January 21, 2020 to July 30, 2026. Based on this history, TAL Education Group reports quarterly. The most recent call on file is dated July 30, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

TAL

Exchange

NYSE

Country

US

Sector

Consumer Discretionary

Industry

Diversified Consumer Services

Calls on record

45

First call

January 21, 2020

Most recent

July 30, 2026

Reporting cadence

quarterly