Want to see AU:TBN full AI Analyst Report?
Top Page
Tamboran Resources Limited
(Sydney:TBN)
Select Model
Select Model
Rating:47Neutral
Price Target:
AU$0.21
â–¼(-18.46% Downside)
Action:Reiterated
Date:06/16/26
The score is primarily held back by weak financial performance (no revenue, wider losses, and significantly higher cash burn), partially offset by a relatively supportive balance sheet with moderate leverage. Technical indicators are broadly neutral, providing limited incremental support, while valuation is constrained by negative earnings and the absence of a dividend yield.
Positive Factors
Balance Sheet Strength
A sizable equity base and growing assets provide durable funding capacity for appraisal and early development spending. This capital cushion reduces immediate refinancing pressure, supports farm-out negotiations and project milestones, and preserves optionality while commercialization is de‑risked.
Negative Factors
Pre-revenue with widening losses
Operating without revenue and materially wider losses increases reliance on external capital and heightens dilution risk. Over the medium term, persistent negative profitability means value creation depends entirely on successful exploration/appraisal outcomes and timely commercialization.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
A sizable equity base and growing assets provide durable funding capacity for appraisal and early development spending. This capital cushion reduces immediate refinancing pressure, supports farm-out negotiations and project milestones, and preserves optionality while commercialization is de‑risked.
Read all positive factors
Tamboran Resources Limited (TBN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.57B
Dividend YieldN/A
Average Volume (3M)3.71M
Price to Earnings (P/E)―
Beta (1Y)0.89
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
Employees47
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding5,124,778,300
10 Day Avg. Volume3,263,968
30 Day Avg. Volume3,713,582
Financial Highlights & Ratios
PEG Ratio-2.29
Price to Book (P/B)1.73
Price to Sales (P/S)0.00
P/FCF Ratio-3.57
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.08
Revenue Forecast (FY)AU$53.15M
Tamboran Resources Limited Business Overview & Revenue Model
Company Description
Tamboran Resources Limited is an Australian natural gas company specializing in the development of unconventional gas reserves. Its portfolio includes significant stakes in exploration licenses within the Northern Territory's Beetaloo Sub-basin. T...
How the Company Makes Money
Tamboran’s ability to make money is tied to commercializing natural gas resources from its upstream assets. In general, upstream gas companies generate revenue by (1) producing and selling natural gas (and any associated liquids, if present) into ...
Tamboran Resources Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
55
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -1.10M | -1.14M | -1.03M | -118.33K | -562.10K | -447.56K |
| EBITDA | -34.82M | -38.82M | -29.42M | -28.61M | -10.18M | -18.69M |
| Net Income | -25.32M | -37.22M | -33.45M | -47.62M | -10.80M | -23.82M |
Balance Sheet | ||||||
| Total Assets | 600.55M | 446.46M | 358.64M | 255.46M | 134.07M | 112.57M |
| Cash, Cash Equivalents and Short-Term Investments | 83.40M | 39.44M | 74.75M | 26.81M | 26.81M | 63.08M |
| Total Debt | 60.12M | 50.35M | 27.89M | 723.54K | 1.11M | 1.47M |
| Total Liabilities | 109.80M | 57.01M | 50.96M | 34.62M | 5.46M | 8.20M |
| Stockholders Equity | 358.86M | 287.72M | 262.72M | 209.62M | 128.61M | 104.36M |
Cash Flow | ||||||
| Free Cash Flow | -65.66M | -139.77M | -75.10M | -156.78M | -65.95M | -21.85M |
| Operating Cash Flow | -7.14M | -29.64M | -11.40M | -19.36M | -11.06M | -8.63M |
| Investing Cash Flow | -63.20M | -98.77M | -66.11M | -128.54M | -56.12M | -13.21M |
| Financing Cash Flow | 148.27M | 101.06M | 146.39M | 131.64M | 31.11M | 79.34M |
Tamboran Resources Limited Technical Analysis
Negative
0.26
Price Trends
0.24
Negative
0.24
Negative
0.22
Positive
Market Momentum
>-0.01
Positive
44.86
Neutral
25.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TBN, the sentiment is Negative. The current price of 0.26 is above the 20-day moving average (MA) of 0.23, above the 50-day MA of 0.24, and above the 200-day MA of 0.22, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 44.86 is Neutral, neither overbought nor oversold. The STOCH value of 25.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:TBN.
Tamboran Resources Limited Peers Comparison
UnderperformOutperform
Sector (65)
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% | |
63 Neutral | AU$1.07B | 6.35 | 12.44% | 4.74% | -17.21% | 8.09% | |
60 Neutral | AU$1.99B | -16.17 | -3.66% | 7.72% | 11.40% | -225.74% | |
53 Neutral | AU$187.85M | -37.50 | -0.67% | ― | ― | -149.12% | |
47 Neutral | AU$1.57B | -19.01 | -18.28% | ― | ― | ― | |
44 Neutral | AU$349.14M | -1.83 | -46.22% | ― | -0.51% | -756.45% | |
42 Neutral | AU$376.68M | -14.79 | -14.19% | ― | ― | 25.55% |
* Energy Sector Average
AU:TBN
Tamboran Resources Limited
0.22
0.06
41.45%
AU:BPT
Beach Energy
0.88
-0.42
-32.54%
AU:CVN
Carnarvon Energy Limited
0.11
-0.01
-8.70%
AU:BTL
Empire Energy Group Limited
0.25
0.02
6.38%
AU:KAR
Karoon Energy Ltd
1.50
-0.41
-21.26%
AU:STX
Strike Energy Limited
0.10
-0.06
-39.38%
Tamboran Resources Limited Corporate Events
Tamboran issues new CDIs after equity plan vesting
Jul 10, 2026
Tamboran Resources Corporation has issued 5,416,800 new CHESS Depositary Interests following the vesting of Restricted Stock Units granted under its 2024 Equity Incentive Plan. The issuance, conducted without a disclosure document under Australia&...
Tamboran adjusts CDI and common stock balances across ASX and NYSE
Jul 7, 2026
Tamboran Resources has reported a net decrease in CHESS Depositary Interests on issue for June 2026, with CDIs falling to about 1.399 billion, primarily due to net transfers between CDIs and common stock held or quoted on the NYSE. This shift is a...
Tamboran issues new shares under 2024 equity incentive plan
Jun 30, 2026
Tamboran Resources Corporation has issued 6,667 new common shares following the vesting of restricted stock units granted under its 2024 Equity Incentive Plan. The issuance was conducted without a prospectus under Australian corporate law provisio...
Tamboran Issues Unquoted Shares Under Employee Incentive Scheme
Jun 30, 2026
Tamboran Resources Corporation has issued 6,667 unquoted common stock securities under its employee incentive scheme, with the shares recorded as being granted on 29 June 2026. These securities are not intended to be quoted on the ASX, reflecting ...
Tamboran Resources Issues Over 6.5 Million Unquoted Common Shares
Jun 5, 2026
Tamboran Resources Corporation has notified the market of the issue of 6,537,503 unquoted common stock securities, with an issue date of 29 May 2026. The new securities update the company’s capital base and may have implications for existing...
Tamboran Issues New Shares to Falcon Holders After Acquisition Completion
Jun 5, 2026
Tamboran Resources Corporation has issued 6,537,503 new common shares to eligible shareholders of Falcon Oil Gas at a set exchange ratio, following completion of Falcon’s acquisition via its subsidiaries. The company has confirmed that the ...
Tamboran Director Increases Equity Stake via RSU Awards
Jun 5, 2026
Tamboran Resources Corporation has reported a change in director Richard Stoneburner’s interest in company securities, reflecting additional restricted stock units issued under its 2024 Equity Incentive Plan and as an annual director award i...
Tamboran boosts director equity holdings through RSU awards
Jun 5, 2026
Tamboran Resources Corporation has disclosed a change in the equity interests of director Andrew Robb, following the allocation of additional restricted stock units. Robb’s direct holdings in common stock remain at 2,000 shares, while his co...
Tamboran Director Phillip Pace Receives New Equity Awards
Jun 5, 2026
Tamboran Resources Corporation has reported a change in director Phillip Z. Pace’s interests following the grant of restricted stock units. Pace received two allocations of common stock RSUs on 1 June 2026 under the company’s 2024 Equi...
Tamboran director restructures equity holdings and receives additional RSUs
Jun 5, 2026
Tamboran Resources Corporation has disclosed changes in director Patrick James Dymock Elliott’s interests in the company’s securities, including additional restricted stock units issued under the 2024 Equity Incentive Plan and an annua...
Tamboran Director Increases Equity Stake Through RSU Grant
Jun 5, 2026
Tamboran Resources Corporation has disclosed a change in director Jeffrey Lance Bellman’s interests, following the issue of additional restricted stock units under the company’s 2024 Equity Incentive Plan. The award, taken in lieu of d...
Tamboran updates market on director Fredrick Barrett’s increased equity holdings
Jun 5, 2026
Tamboran Resources Corporation has reported a change in director Fredrick Barrett’s interest in the company’s securities, reflecting additional holdings of restricted stock units. The update details his direct and joint holdings of com...
Tamboran Issues New Tranche of Unquoted Restricted Stock Units
Jun 5, 2026
Tamboran Resources Corporation has issued a total of 54,830 unquoted restricted stock units under its employee incentive scheme, with 28,052 units issued on May 27, 2026, and a further 26,778 units on June 1, 2026. The move reflects the company...
Tamboran adjusts CDI and common stock balances across ASX and NYSE
Jun 5, 2026
Tamboran Resources reported changes in its capital structure for May 2026, detailing a reduction in ASX-listed CDIs to 1,464,690,400, down from 1,605,842,200, primarily due to net transfers between CDIs and common stock. The company also disclosed...
Tamboran adjusts CDI and common stock balances across ASX and NYSE
May 5, 2026
Tamboran Resources Corporation reported a modest increase in CHESS Depositary Interests on issue for April 2026, with TBN CDIs rising to about 1.51 billion, driven by net transfers between CDIs and common stock. The filing also details movements i...
Tamboran Seeks ASX Quotation for 99 Million New CDIs
May 1, 2026
Tamboran Resources Corporation has applied to the ASX for quotation of 99,375,000 additional CHESS Depositary Interests, each representing 200 underlying securities, to be issued on 4 May 2026. The new securities, issued as part of a previously an...
Tamboran sets date for Q3 FY26 results and Beetaloo webcast
Apr 28, 2026
Tamboran Resources plans to release its third quarter fiscal 2026 earnings and operational update after the close of NYSE trading on 13 May 2026 in the U.S. The disclosure will include commentary on activities in the Beetaloo Basin, underscoring t...
Tamboran director increases stake via entitlement offer
Apr 20, 2026
Tamboran Resources Corporation has disclosed a change in director Richard Kelty Stoneburner’s interests in the company’s securities, in line with ASX listing rule requirements. The notice details his direct and joint holdings, reflecti...
Tamboran director Siegel lifts stake via entitlement offer
Apr 20, 2026
Tamboran Resources Corporation has disclosed a change in director David Neil Siegel’s interest in the company’s securities, detailing purchases of additional common stock by both Siegel and his son through DNS Capital Partners LLC. Fol...
Tamboran Director Scott Sheffield Increases Stake via Entitlement Offer
Apr 20, 2026
Tamboran Resources Corporation has disclosed a change in the shareholding of director Scott D. Sheffield, who increased his indirect and direct interests in the company’s common stock. The update, lodged with the ASX, reflects his participat...
Tamboran Director Increases Stake Through Entitlement Offer
Apr 20, 2026
Tamboran Resources Corporation has disclosed a change in the shareholding of director Phillip Z. Pace, in line with ASX listing rule requirements. The filing notes that Pace held 35,809 common shares before the transaction and that his interests a...
Tamboran Director Increases Shareholding Through Entitlement Offer
Apr 20, 2026
Tamboran Resources has disclosed a change in director Ryan Dalton’s holdings following his participation in an entitlement offer. Dalton acquired 4,632 additional common shares for a consideration of $162,120, increasing his direct holdings ...
Tamboran director boosts equity stake through vesting and entitlement offer
Apr 20, 2026
Tamboran Resources Corporation has disclosed a change in the interests of director Jeffrey Lance Bellman, following recent equity-related transactions. His holdings increased through the vesting of restricted stock units and participation in a cap...
Tamboran director boosts stake through entitlement offer
Apr 20, 2026
Tamboran Resources director Fredrick Barrett has increased his direct holding in the company by acquiring 5,714 common shares for $199,990 through participation in an entitlement offer. Following the transaction on 15 April 2026, Barrett directly ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.