Tamboran Resources (NYSE:TBN) Posts Quarterly Earnings Results, Meets Expectations

Tamboran Resources (NYSE:TBN) released its quarterly earnings data on Wednesday. The company reported ($0.33) EPS for the quarter, hitting analysts’ consensus estimates of ($0.33), Zacks reports. The firm had revenue of $0.05 million for the quarter.

Here are the key takeaways from Tamboran Resources’ conference call:

• First gas sales expected in Q3 2026 — the Sturt Plateau Compression Facility is ~78–80% complete, the Sturt Plateau Pipeline is installed and tested, and the project remains on its P50 budget and schedule.
• Funding position supports near-term operations — Tamboran reported $91M cash at year-end, received $32M from the PIPE, expects ~$15M from the acreage sale to DWE, and has a $118M facility with ~$42M undrawn to fund remaining SPCF capital.
• Operational risk on SS-6H — the recent 58-stage stimulation across a 10,009‑ft lateral completed initial flowback but identified a potential impediment at ~8,600 ft (affecting ~14% of the section) that is under evaluation and could impact deliverability.
• Active 2026 growth program and partnerships — Tamboran plans to stimulate three remaining wells to hit a 40 MMcf/d plateau, will drill two DWE‑partnered wells (operator role for Tamboran), and will participate in two Santos commitment wells to delineate Beetaloo East resources.
• Local sand cost-reduction test delayed but planned — the in‑basin sand program wasn’t deployed in 2025 due to wash/dry capacity limits, but selected stage tests are planned in 2026 to validate potential long‑term well cost reductions.

Tamboran Resources Stock Up 0.1%

Shares of TBN stock traded up $0.02 on Thursday, reaching $28.65. 4,958 shares of the company’s stock traded hands, compared to its average volume of 45,506. The business’s 50 day moving average price is $26.79 and its two-hundred day moving average price is $24.46. The company has a market capitalization of $648.66 million, a P/E ratio of -11.15 and a beta of 0.18. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.92 and a current ratio of 0.92. Tamboran Resources has a 12-month low of $17.29 and a 12-month high of $31.90.

Wall Street Analyst Weigh In

TBN has been the subject of several research analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Tamboran Resources in a research note on Friday, January 9th. Wells Fargo & Company assumed coverage on Tamboran Resources in a report on Tuesday, December 2nd. They set an “overweight” rating and a $35.00 target price for the company. Finally, Royal Bank Of Canada raised their price target on shares of Tamboran Resources from $30.00 to $38.00 and gave the company a “sector perform” rating in a report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Tamboran Resources has an average rating of “Moderate Buy” and a consensus target price of $36.33.

Insiders Place Their Bets

In other Tamboran Resources news, Director Phillip Z. Pace bought 2,000 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were bought at an average price of $23.50 per share, for a total transaction of $47,000.00. Following the acquisition, the director directly owned 2,000 shares of the company’s stock, valued at approximately $47,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. UBS Group AG lifted its position in Tamboran Resources by 170.9% in the 3rd quarter. UBS Group AG now owns 278,938 shares of the company’s stock worth $7,637,000 after buying an additional 175,973 shares in the last quarter. Franklin Resources Inc. purchased a new stake in shares of Tamboran Resources during the fourth quarter worth $2,026,000. Arbiter Partners Capital Management LLC raised its holdings in shares of Tamboran Resources by 15.5% during the fourth quarter. Arbiter Partners Capital Management LLC now owns 57,212 shares of the company’s stock worth $1,558,000 after acquiring an additional 7,670 shares in the last quarter. Whitebox Advisors LLC acquired a new stake in Tamboran Resources during the second quarter valued at $1,194,000. Finally, Bank of America Corp DE grew its stake in Tamboran Resources by 167.1% in the third quarter. Bank of America Corp DE now owns 31,482 shares of the company’s stock valued at $862,000 after purchasing an additional 19,694 shares in the last quarter.

Tamboran Resources Company Profile

Tamboran Resources is an independent energy company focused on the exploration and development of unconventional natural gas resources. Headquartered in Canada and listed on the New York Stock Exchange under the ticker TBN, the company concentrates its activities on onshore basins in Australia. Tamboran’s primary objective is to advance its exploration acreage toward commercial viability by leveraging modern drilling and reservoir evaluation techniques.

The company holds exploration licenses in the Beetaloo Basin in the Northern Territory of Australia, where it is conducting appraisal drilling programs to define reservoir characteristics and recoverability.