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Tamboran Resources Limited
(Sydney:TBN)
Tamboran Resources Limited (TBN) vs. iShares MSCI Australia ETF (EWA)
Tamboran Resources Limited Business Overview & Revenue Model
Tamboran Resources Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -1.74M | -1.74M | -1.03M | -811.32K | -562.10K | -447.56K |
| EBITDA | -59.44M | -59.44M | -29.42M | -28.61M | -10.18M | -18.69M |
| Net Income | -56.98M | -56.98M | -33.45M | -47.62M | -10.80M | -23.82M |
Balance Sheet | ||||||
| Total Assets | 446.46M | 446.46M | 358.64M | 255.46M | 134.07M | 112.57M |
| Cash, Cash Equivalents and Short-Term Investments | 39.44M | 39.44M | 74.75M | 26.81M | 26.81M | 63.08M |
| Total Debt | 50.35M | 50.35M | 27.89M | 723.54K | 1.11M | 1.47M |
| Total Liabilities | 57.01M | 57.01M | 50.96M | 34.62M | 5.46M | 8.20M |
| Stockholders Equity | 287.72M | 287.72M | 262.72M | 220.83M | 128.61M | 104.36M |
Cash Flow | ||||||
| Free Cash Flow | -88.53M | -139.77M | -75.10M | -156.78M | -65.95M | -21.85M |
| Operating Cash Flow | -15.33M | -29.64M | -11.40M | -19.36M | -11.06M | -8.63M |
| Investing Cash Flow | -60.89M | -98.77M | -66.11M | -128.54M | -56.12M | -13.21M |
| Financing Cash Flow | 84.07M | 101.06M | 219.46M | 131.64M | 31.11M | 79.34M |
Tamboran Resources Limited Technical Analysis
Tamboran Resources Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
64 Neutral | AU$366.21M | 19.40 | 16.49% | 14.63% | -4.57% | -52.65% | |
52 Neutral | AU$910.87M | -10.05 | -14.41% | ― | ― | ― | |
50 Neutral | AU$155.54M | -64.29 | -4.74% | ― | ― | 70.00% | |
49 Neutral | AU$175.33M | 47.50 | 1.40% | ― | ― | ― | |
49 Neutral | AU$329.68M | -12.01 | -13.47% | ― | ― | ― | |
45 Neutral | AU$413.93M | -2.00 | -42.02% | ― | 59.48% | -1714.71% |
Tamboran Resources Limited Corporate Events
Tamboran Resources Corporation has called a virtual special meeting of stockholders on 3 March 2026 (US time) to seek shareholder approvals related to its planned acquisition of Falcon Oil & Gas Ltd. and the remaining minority interests in Falcon Oil & Gas Australia Limited. Shareholders will vote on proposals to approve the issuance of 6,537,503 Tamboran common shares to Falcon and up to 147,508 shares to minority holders of Falcon Australia, along with approval to adjourn or postpone the meeting if additional proxy solicitation is needed. The outcome of the meeting will determine whether Tamboran can complete the equity-funded acquisition of Falcon and consolidate full ownership of Falcon Australia, which would reshape its corporate structure and potentially strengthen its strategic position, with CDI holders able to direct how the underlying shares are voted via an instruction form.
The most recent analyst rating on (AU:TBN) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Tamboran Resources Limited stock, see the AU:TBN Stock Forecast page.
Tamboran Resources Corporation has notified the market of the issue of 1,524,377 unquoted common stock securities under its ASX code TBNAM. The new securities, which are not intended to be quoted on the ASX, were issued on 19 January 2026 as part of previously announced transactions, indicating ongoing capital management activities that may affect the company’s equity structure but not its immediate public float.
The most recent analyst rating on (AU:TBN) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Tamboran Resources Limited stock, see the AU:TBN Stock Forecast page.
Tamboran Resources Corporation has disclosed a change in the securities held by director Richard Kelty Stoneburner, reflecting an increase in his equity stake in the company. Stoneburner acquired 11,904 common shares at USD$21 per share, primarily through the vesting of restricted stock units and the issue of securities under a previously approved private investment in public equity (PIPE) arrangement, lifting his direct common stock holdings to 50,049 shares while his unlisted options position remains unchanged. The transaction strengthens the director’s alignment with shareholders and signals continued utilisation of equity-based incentives as part of Tamboran’s capital structure and governance framework.
The most recent analyst rating on (AU:TBN) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Tamboran Resources Limited stock, see the AU:TBN Stock Forecast page.
Tamboran Resources Corporation has disclosed a change in director David Neil Siegel’s relevant interests in the company’s securities, following the issue of new shares under a private investment in public equity (PIPE) transaction approved by shareholders at a special meeting on 14 January 2026. Siegel acquired 10,000 additional common shares at US$21 per share, while his son, Robert S. Siegel, acquired 6,000 common shares, increasing their combined holdings and signaling further alignment of the director’s interests with those of Tamboran’s shareholders.
The most recent analyst rating on (AU:TBN) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Tamboran Resources Limited stock, see the AU:TBN Stock Forecast page.
Tamboran Resources Corporation has reported a change in director Scott D. Sheffield’s interests in the company’s securities, following the issue of 181,274 common shares to him at USD$21 per share under a previously approved PIPE financing. The transaction, approved by shareholders at a special meeting in January 2025, increases Sheffield’s direct holdings while Merrill Lynch continues to act as broker-dealer for his existing indirect stake, underscoring continued director alignment with the company’s equity and the execution of its capital-raising plans.
The most recent analyst rating on (AU:TBN) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Tamboran Resources Limited stock, see the AU:TBN Stock Forecast page.
Tamboran Resources Corporation has reported a change in the shareholding of director Ryan Dalton, who increased his direct holding through the vesting of restricted stock units and the issue of securities under the company’s PIPE. Following the 19 January 2026 transaction, approved by shareholders at a special meeting on 14 January 2026, Dalton’s holdings rose to 46,311 common shares and 4,227 restricted stock units, highlighting ongoing alignment of director incentives with shareholder interests through equity-based compensation.
The most recent analyst rating on (AU:TBN) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Tamboran Resources Limited stock, see the AU:TBN Stock Forecast page.
Tamboran Resources Corporation has disclosed a change in the securities interests of director Fredrick Barrett, who increased his direct holding through the acquisition of 9,523 common shares at USD$21 per share. Following the transaction, which arose from the vesting of restricted stock units and the issue of securities under the company’s private investment in public equity (PIPE) approved by shareholders at a special meeting on 14 January 2026, Barrett’s direct and jointly held positions in common stock, CDIs and unlisted options have all risen, signaling a higher personal stake in the company.
The most recent analyst rating on (AU:TBN) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Tamboran Resources Limited stock, see the AU:TBN Stock Forecast page.
Tamboran Resources Corporation has reported a change in the equity holdings of director Phillip Z. Pace, reflecting additional participation in the company’s capital-raising activities. The director acquired 23,809 new common shares at USD$21 per share through an issue of securities under the company’s private investment in public equity (PIPE) financing, which was recently approved by shareholders at a special meeting, increasing his total holding to 25,809 common shares and signaling strengthened insider alignment with Tamboran’s current funding and growth initiatives.
The most recent analyst rating on (AU:TBN) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Tamboran Resources Limited stock, see the AU:TBN Stock Forecast page.
Tamboran Resources Corporation has issued 65,320 unquoted Restricted Stock Units under its employee incentive scheme, effective 10 January 2026. The allocation of these unquoted securities reflects the company’s continued use of equity-based compensation to incentivise and retain key personnel, aligning staff interests with shareholder value and supporting its longer-term operational and growth objectives.
The most recent analyst rating on (AU:TBN) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Tamboran Resources Limited stock, see the AU:TBN Stock Forecast page.
Tamboran Resources Corporation will release its second-quarter fiscal 2026 earnings and operational update after the close of NYSE trading on 11 February 2026 (US time). The company’s chairman, Dick Stoneburner, and newly appointed chief executive Todd Abbott will host a webcast at 5:00pm EST (9:00am AEDT) to brief investors on Beetaloo Basin operations, followed by a Q&A session with analysts, signalling management’s intent to actively engage the market and provide transparency on the progress of its projects.
The most recent analyst rating on (AU:TBN) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Tamboran Resources Limited stock, see the AU:TBN Stock Forecast page.
Tamboran Resources Corporation said all resolutions put to its January 14, 2026 special meeting of stockholders were approved by poll, with a majority of votes cast by proxy. The broad shareholder backing for the resolutions underlines support for the company’s strategic direction and governance under Chairman and Interim Chief Executive Officer Dick Stoneburner, and may provide Tamboran with a clearer mandate as it advances development of its extensive Beetaloo Basin natural gas holdings.
The most recent analyst rating on (AU:TBN) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Tamboran Resources Limited stock, see the AU:TBN Stock Forecast page.
Tamboran Resources Corporation has reported an increase in CHESS Depositary Interests (CDIs) on issue for December 2025, with total CDIs over quoted securities rising to 1,639,444,200 from 1,635,075,400, primarily due to net transfers between CDIs and common stock traded on the NYSE. Over the same period, the number of common stock and CDI-equivalent securities not covered by CDIs fell slightly, reflecting these transfers and new issues on both the NYSE and ASX, while the volume of options on issue remained unchanged, indicating modest but active ongoing management of the company’s capital structure across its dual listings.
The most recent analyst rating on (AU:TBN) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on Tamboran Resources Limited stock, see the AU:TBN Stock Forecast page.
Tamboran Resources Corporation has appointed experienced upstream executive Todd Abbott as Chief Executive Officer, effective 15 January 2026, while Chairman Richard Stoneburner will remain in his current role as chairman. Abbott brings more than 25 years of experience in unconventional shale operations, corporate finance and strategic planning from senior roles at Seneca Resources, Marathon Oil and Pioneer Natural Resources, where he has a track record of boosting production and reducing capital expenditure through organisational and process improvements. His appointment comes as Tamboran transitions into the development phase of its Beetaloo Basin gas project, positioning the company to leverage his operational and financial discipline to execute its growth strategy, enhance capital efficiency and work closely with key stakeholders, including Native Title holders and government, to progress what is described as a potential world-class unconventional gas development that underpins regional and east coast energy security.
The most recent analyst rating on (AU:TBN) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on Tamboran Resources Limited stock, see the AU:TBN Stock Forecast page.
Tamboran Resources Corporation has secured shareholder approval at Falcon Oil & Gas Australia Limited (FOGA) for the sale of Falcon’s 98.1% interest in FOGA, a key milestone in a broader deal under which Tamboran will acquire all Falcon subsidiaries. The acquisition gives Tamboran the option to compulsorily acquire the remaining 1.9% minority stake in FOGA, with the company indicating it plans to do so after completion of the wider transaction on terms at least as favourable as those agreed with Falcon, thereby consolidating full ownership. The broader transaction remains subject to shareholder votes at both Tamboran and Falcon and court approvals in Canada, with an updated indicative timetable targeting special meetings in early March 2026 and deal closing shortly thereafter, positioning Tamboran to further strengthen its strategic control over Beetaloo Basin gas assets and streamline its corporate structure.
The most recent analyst rating on (AU:TBN) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on Tamboran Resources Limited stock, see the AU:TBN Stock Forecast page.
Tamboran Resources Corporation has issued 1,462,200 new CHESS Depositary Interests following the vesting of restricted stock units granted under its 2024 Equity Incentive Plan. The company stated that the new securities were issued without a prospectus under Australian disclosure relief provisions, confirmed its compliance with key financial reporting and continuous disclosure obligations, and advised that it is not aware of any undisclosed price-sensitive information, providing comfort to investors about regulatory adherence as its equity base expands.
Tamboran Resources Corporation has applied to the ASX for quotation of 1,462,200 CHESS Depositary Interests (CDIs) under code TBN, each representing 200:1 interests in the company’s securities, designated as “US person prohibited excluding QIB.” The new CDIs are being issued for nil cash consideration following the accelerated vesting and conversion of Restricted Stock Units previously granted to director Patrick Elliott, a move that modestly increases the company’s quoted equity base and reflects the execution of its existing equity-based remuneration arrangements approved by stockholders in June 2024.
Tamboran Resources Corporation has notified the market of the issuance of 30,012 new unquoted common stock securities under its ASX code TBNAM. The new securities, issued on 15 December 2025, reflect a relatively small capital move that modestly increases the company’s equity base, with limited immediate implications disclosed for operations or existing shareholders.
Tamboran Resources has completed a significant stimulation program on the Shenandoah South 6H well in the Beetaloo Basin, achieving a record 58 stages over a 10,009-foot horizontal section. Despite an equipment issue affecting part of the well, 86% of the lateral length is expected to have unimpeded flow, with further stimulation activities planned for 2026. The completion of these wells is crucial for the company’s production timeline, with first gas sales anticipated by mid-2026.
Tamboran Resources Corporation has announced the issuance of 7,650 unquoted equity securities, specifically common stock, on December 9, 2025. This move may impact the company’s financial structure and could have implications for its stakeholders, potentially influencing its market positioning and future operations.
Tamboran Resources Corporation announced the issuance of 7,700,000 CHESS Depositary Interests as a result of the vesting of Restricted Stock Units under its 2024 Equity Incentive Plan. This move, made without disclosure to investors under certain provisions of the Corporations Act, reflects the company’s compliance with relevant regulatory requirements and underscores its strategic focus on leveraging equity incentives to drive growth and development in its operations.
Tamboran Resources Limited announced the issuance of CDIs upon the conversion of Restricted Stock Units granted to eligible employees, totaling 7,700,000 securities. This move is part of the company’s strategy to incentivize its workforce and strengthen its operational capabilities, potentially impacting its market positioning positively.
Tamboran Resources Corporation held its Annual Meeting of Stockholders virtually, where several key proposals were discussed and voted upon. The agenda included the election of three Class II directors, ratification of Ernst & Young LLP as the independent accounting firm, and the approval of stock issuances under the 2024 Equity Incentive Plan for various directors in lieu of fees. These decisions are aimed at strengthening the company’s governance and aligning the interests of its leadership with shareholders.
Tamboran Resources Limited has announced a net increase of 4,000,000 CDIs over quoted securities for November 2025, reflecting transfers between CDIs and common stock. This adjustment in securities issuance highlights the company’s ongoing management of its financial instruments, potentially impacting its market positioning and investor relations.
Tamboran Resources Limited announced a change in the director’s interest, with Phillip Z. Pace acquiring 2,000 shares of common stock through an on-market trade. This acquisition reflects a direct interest in the company’s securities, potentially signaling confidence in the company’s future performance and strategic direction.
Tamboran Resources Corporation has successfully completed its security purchase plan, raising approximately A$17.42 million through the issuance of new Chess Depositary Interests at a discounted price. The funds, along with proceeds from recent US public offerings, will be used to support Tamboran’s development plans and general corporate purposes, potentially strengthening its position in the natural gas industry.
Tamboran Resources Corporation has announced a new application for the quotation of securities on the Australian Securities Exchange (ASX). The company is set to quote 107,558,800 securities under the code TBN, with the issue date marked as November 25, 2025. This move is part of previously announced transactions, potentially impacting the company’s market presence and offering new opportunities for stakeholders.
Tamboran Resources Corporation has announced a Special Meeting of Stockholders to be held virtually on January 13, 2026. The meeting will address several key matters, including the ratification and approval of the issuance of shares of Common Stock through the company’s Public Offering and October 2025 PIPE Financing. This meeting is significant for stakeholders as it involves approvals for share issuances to various individuals and entities, which could impact the company’s capital structure and stakeholder interests.
Tamboran Resources Corporation has announced a reminder for its securityholders regarding the opportunity to participate in its Security Purchase Plan (SPP), which closes on November 20, 2025. The funds raised will support the company’s development plans and general corporate purposes, potentially enhancing its operational capabilities and market position.
Tamboran Resources Limited has released its 1Q FY26 results, highlighting its strategic focus on expanding natural gas production and infrastructure development. The company is navigating various risks, including market fluctuations and regulatory challenges, while emphasizing its commitment to environmental sustainability and operational growth.
Tamboran Resources Corporation has opened its security purchase plan (SPP) offer, allowing eligible securityholders to apply for up to A$30,000 worth of new CHESS Depositary Interests without incurring brokerage or transaction costs. The SPP aims to raise up to A$46 million and follows a successful US public offering that raised approximately US$56.1 million. The issue price for the new CDIs represents a 19.84% discount to the recent average trading price, and the company retains the discretion to accept oversubscriptions or scale back applications.