Tamboran Resources Limited (TBN) AI Stock Analysis

• Market Cap: AU$377.64M
• Dividend Yield: N/A
• Average Volume (3M): 1.17M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.21
• Revenue Growth: N/A
• EPS Growth: 56.73%
• Country: AU
• Employees: 39
• Sector: Energy
• Sector Strength: 55
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): -0.71
• Shares Outstanding: 3,343,457,800
• 10 Day Avg. Volume: 1,712,061
• 30 Day Avg. Volume: 1,167,180
• PEG Ratio: -0.04
• Price to Book (P/B): 1.15
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.63
• Enterprise Value/Market Cap: 0.65
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: -3.99K
• Enterprise Value/Ebitda: -4.96
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 35 Underperform
• Price Target: ―

Tamboran Resources Limited faces significant financial challenges due to its early-stage nature, with zero revenue and negative cash flows. These issues are compounded by technical indicators that suggest weak market momentum. While the company maintains a prudent leverage position, its reliance on external financing and lack of profitability are major concerns. Valuation metrics reflect the typical risks associated with exploration companies, with a negative P/E ratio and no dividend yield.

Tamboran Resources Limited Business Overview & Revenue Model

Company Description

Tamboran Resources Limited, a natural gas company, focuses on developing unconventional gas resources in Australia. It holds interests in exploration permits, which include EP 161 that covers approximately 10,500 square kilometers; EP 136, which covers approximately 4,230 square kilometers; EP 143; and an application under EP(A) 197 name located in the Beetaloo Sub-basin in the Northern Territory. The company was incorporated in 2009 and is based in Manly, Australia.

How the Company Makes Money

Tamboran Resources Limited makes money through the exploration and production of natural gas, which is then sold to various markets. The company's revenue model is centered around the successful identification and extraction of natural gas reserves, which are subsequently sold under long-term contracts or on the spot market. Key revenue streams include sales of natural gas to domestic power generation companies and industrial users, as well as exports to international markets, particularly in Asia where demand for natural gas is growing. Significant partnerships with local and international energy companies, as well as agreements with infrastructure providers for transportation and distribution, also contribute to the company's earnings by facilitating access to markets and optimizing the supply chain.

Tamboran Resources Limited Financial Statement Overview

Summary

Tamboran Resources Limited's financials reflect the typical challenges faced by early-stage exploration firms, with no revenue and substantial losses impacting overall financial health. Despite a sound leverage position, the company relies heavily on external financing to sustain operations, highlighting liquidity risks. The lack of revenue and persistent cash outflows pose significant challenges for future growth and profitability.

Income Statement

Tamboran Resources Limited has consistently reported zero revenue over the periods analyzed, reflecting the absence of top-line growth. The persistent negative EBIT and net income indicate ongoing operational and financial challenges, with no signs of profitability. The company's gross margin is also negative, which is not uncommon for early-stage exploration companies but highlights the lack of income generation capabilities.

Balance Sheet

The balance sheet shows a relatively low debt-to-equity ratio, suggesting prudent financial leverage. However, the equity ratio remains moderate, indicating potential risk if liabilities increase. Stockholders' equity has been growing, reflecting capital infusion, which is a positive sign. Nevertheless, the lack of revenue generation remains a concern for long-term financial sustainability.

Cash Flow

Cash flows are under pressure, with consistently negative operating and free cash flows indicating challenges in generating cash from core operations. While there were significant financing inflows, these are not sustainable in the long term without a turnaround in operational performance. Free cash flow growth is negative, further emphasizing liquidity concerns.

Breakdown	TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-61.41K	―	-811.32K	-562.10K	-447.56K	-140.27K
EBITDA	-15.61M	-19.61M	-46.79M	-10.18M	-18.69M	-10.74M
Net Income	-32.93M	-22.30M	-47.62M	-10.80M	-23.82M	-14.50M
Balance Sheet
Total Assets	93.72M	358.64M	255.46M	134.07M	112.57M	25.08M
Cash, Cash Equivalents and Short-Term Investments	72.05M	74.75M	10.64M	26.81M	63.08M	5.59M
Total Debt	2.43M	27.89M	723.54K	1.11M	1.47M	2.58M
Total Liabilities	6.23M	50.96M	34.62M	5.46M	8.20M	64.67M
Stockholders Equity	87.49M	262.72M	220.83M	128.61M	104.36M	-39.59M
Cash Flow
Free Cash Flow	-57.79M	-75.10M	-156.78M	-65.95M	-21.85M	-20.88M
Operating Cash Flow	-8.90M	-11.40M	-19.36M	-11.06M	-8.63M	-8.93M
Investing Cash Flow	-58.22M	-66.11M	-128.54M	-56.12M	-13.21M	-11.96M
Financing Cash Flow	31.36M	146.39M	131.64M	31.11M	79.34M	-24.85K

Tamboran Resources Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.18
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TBN, the sentiment is Positive. The current price of 0.18 is above the 20-day moving average (MA) of 0.17, above the 50-day MA of 0.17, and above the 200-day MA of 0.16, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 55.51 is Neutral, neither overbought nor oversold. The STOCH value of 28.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:TBN.

Tamboran Resources Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	74 Outperform	€24.36B	15.06	15.38%	6.29%	5.38%	18.55%
CUE	70 Outperform	AU$87.39M	9.26	13.84%	16.00%	-16.65%	-46.22%
TBN	35 Underperform	AU$377.64M	―	-10.88%	―	―	56.73%
BEPTF		$1.96B	31.58	2.70%	4.33%	―	―
OGFGF		$12.09B	12.78	14.75%	5.41%	―	―
STOSF		$16.08B	13.02	7.94%	4.21%	―	―

Tamboran Resources Limited Corporate Events

Tamboran Resources Adjusts CDI Issuance in Strategic Move

Tamboran Resources Limited announced a decrease in the number of CDIs issued over quoted securities, with a net reduction of 225,364,800 CDIs in April 2025. This change is attributed to the net transfers of securities between CDIs and common stock, reflecting the company’s strategic adjustments in its financial structuring. The announcement highlights the company’s ongoing efforts to optimize its securities distribution, which may impact its market positioning and stakeholder interests.

Tamboran Resources Appoints Jeff Bellman as Non-Executive Director

Tamboran Resources Corporation has appointed Mr. Jeff Bellman as a Non-Executive Director, effective May 2, 2025. With over three decades of experience in investment management, particularly in the global oil and gas sector, Mr. Bellman is expected to enhance the board’s capabilities as the company moves towards production from its Beetaloo Basin assets. His appointment is seen as a strategic move to support the financing of Tamboran’s phased asset commercialization.

Tamboran Resources Announces 3Q FY25 Earnings Release and Webcast

Tamboran Resources Corporation has scheduled the release of its third-quarter earnings and operational update for May 14, 2025, after the NYSE market closes. The announcement highlights a webcast hosted by CEO Joel Riddle, which will provide insights into the company’s operations in the Beetaloo Basin, followed by a Q&A session with analysts. This event is significant as it offers stakeholders an opportunity to gain detailed information about the company’s performance and strategic direction.

Tamboran Resources Adjusts CDI and Securities Holdings

Tamboran Resources Limited has announced changes in its CDIs and securities for March 2025. The company reported a net decrease in the number of CDIs issued over quoted securities, primarily due to transfers between CDIs and common stock. This adjustment reflects the company’s ongoing management of its securities and may impact its market positioning and stakeholder interests.

Tamboran Resources Reports February CDI Adjustments

Tamboran Resources Corporation announced a net decrease in the number of CHESS Depositary Interests (CDIs) issued over quoted securities for February 2025, with a reduction of 8,963,400 CDIs. This change is attributed to the net transfers of securities between CDIs and common stock, reflecting the company’s ongoing adjustments in its securities management.

Tamboran Resources Updates 2Q FY25 Results for ASX Compliance

Tamboran Resources Corporation has updated its second-quarter FY25 results presentation to comply with ASX guidance on peer comparison reporting. The amendments include changes to slides 16 to 18 and the addition of slide 19, which provides supporting source material. This update is part of the company’s efforts to maintain transparency and adherence to regulatory standards, potentially impacting its credibility and stakeholder confidence.

Tamboran Resources Reports Increased Losses for 2024 Half Year

Tamboran Resources Limited reported its financial results for the half year ending December 31, 2024, showing a significant increase in losses compared to the previous year. The company did not generate any revenues from ordinary activities and reported a loss of over $20 million, highlighting financial challenges that could impact its operations and market positioning.

Tamboran Resources Faces Going Concern Uncertainty in Latest Financial Review

Tamboran Resources Limited has released its interim financial statements for the half-year ending December 31, 2024. The independent auditor’s review by Ernst & Young highlighted a material uncertainty regarding the company’s ability to continue as a going concern, although they found no issues with the financial statements’ adherence to U.S. Generally Accepted Accounting Principles.

Tamboran Resources Focuses on Expanding Natural Gas Production in Australia

Tamboran Resources Limited has released its 2Q FY25 results, highlighting its strategic focus on expanding its natural gas production capabilities. The announcement underscores the company’s commitment to developing its assets in the Northern Territory of Australia, with implications for increased energy supply and potential market growth. Despite the forward-looking nature of the statements, Tamboran is mindful of the inherent risks and uncertainties in the energy sector, which could impact its operational outcomes and financial health.

Tamboran Resources Achieves Record Efficiency in Beetaloo Basin Operations

Tamboran Resources Limited has successfully completed stimulation activities in the Beetaloo Basin, achieving a notable improvement in completion efficiency. The recent operations at the Shenandoah South 2H sidetrack well surpassed previous records for the basin, with increased proppant intensity and wellhead injection rates. This advancement reflects the company’s strategic efforts to enhance production capabilities and optimize resource extraction processes, which could bolster its position in the energy sector and create potential benefits for stakeholders.