Tamboran Resources Corporation (TBN) AI Stock Analysis

• Market Cap: $567.01M
• Dividend Yield: N/A
• Average Volume (3M): 44.30K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.33
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 39
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): -93.40
• Shares Outstanding: 21,031,664
• 10 Day Avg. Volume: 44,997
• 30 Day Avg. Volume: 44,305
• PEG Ratio: >-0.01
• Price to Book (P/B): 1.09
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.24
• Enterprise Value/Market Cap: 0.81
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: -768.93
• Enterprise Value/Ebitda: -13.33
• 1Y Price Target: $37.75
• Price Target Upside: 40.02% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 53 Neutral
• Price Target: $27.00 ▲(0.15% Upside)

The score is held back primarily by weak financial performance (no revenue, worsening losses, and heavy negative free cash flow), partially offset by constructive technical momentum (above major moving averages with positive MACD) and improved funding runway from the recent equity raise. Valuation remains challenged due to negative earnings and no dividend support.

Positive Factors

Strategic Acquisition

The acquisition of Falcon Oil & Gas consolidates Tamboran's position in the Beetaloo Basin, expanding its resource base and enhancing its strategic market position.

Financing Secured

Securing significant financing supports the development of key infrastructure, ensuring progress in the Beetaloo Basin and enhancing long-term operational capacity.

Final Investment Decision

The FID on the Shenandoah South Pilot Project marks a critical step towards production, indicating progress in project execution and future revenue generation.

Negative Factors

Negative Cash Flow

Persistent negative cash flow indicates high financial risk, potentially limiting the company's ability to fund operations and growth without additional financing.

Pre-Revenue Model

Operating without revenue highlights the risk of ongoing losses, emphasizing the need for successful project execution to transition to a revenue-generating phase.

Worsening Losses

Worsening losses reflect operational challenges and increase the urgency for successful project completion to achieve financial sustainability.

Tamboran Resources Corporation Business Overview & Revenue Model

Company Description

Tamboran Resources Corporation, a natural gas company, focuses on developing unconventional gas resources in the northern territory of Australia. Its assets include a 25% non-operated working interest in EP 161; a 38.75% working interest in EPs 76, 98, and 117; and a 100% working interest in EPs 136 and 143, as well as EP (A) 197, located in the Betaloo Basin. Tamboran Resources Corporation was founded in 2009 and is headquartered in Sydney, Australia.

How the Company Makes Money

Tamboran Resources Corporation makes money through the exploration and production of natural gas, which is then sold to domestic and international markets. The company's revenue model is centered around the successful discovery and extraction of natural gas reserves, which are then commercialized through sales agreements with utility companies, industrial consumers, and possibly through liquefied natural gas (LNG) export contracts. Key revenue streams include the sale of natural gas, potential joint ventures, and partnerships with other energy companies to develop and monetize gas resources. Strategic partnerships and technological collaborations also play a significant role in enhancing the company's operational efficiencies and expanding its market reach.

Tamboran Resources Corporation Financial Statement Overview

Summary

Tamboran Resources Corporation is facing significant financial challenges with negative revenue and profitability metrics. While the balance sheet shows a strong equity base, the company's inability to generate positive cash flow and revenue is concerning. There is a heavy reliance on financing activities to support operations, posing potential risks if external funding becomes constrained.

Income Statement

Tamboran Resources Corporation exhibits a challenging financial position with consistent negative total revenue across all periods. The company has not generated any positive revenue, which is concerning for its future profitability. Gross profit margins and net profit margins are negative, reflecting substantial losses. The lack of revenue growth and negative EBIT and EBITDA margins further highlight operational inefficiencies.

Balance Sheet

The company maintains a strong equity position with a high equity ratio, indicating potential resilience against financial distress. However, the debt-to-equity ratio suggests some leverage, although it remains manageable at current levels. The return on equity is negative due to ongoing net losses, which is a significant risk factor.

Cash Flow

Operating cash flows are consistently negative, which raises concerns about the company's ability to sustain operations without external financing. The free cash flow is also negative, indicating that the company is not generating sufficient cash to cover capital expenditures. This highlights potential liquidity challenges and reliance on financing activities.

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	-599.64K	-1.13M	-120.44K	-719.29K	-407.63K	0.00
EBITDA	-34.59M	-38.50M	-20.37M	-31.48M	-7.38M	-15.48M
Net Income	-39.19M	-36.90M	-21.92M	-32.03M	-7.83M	-23.82M
Balance Sheet
Total Assets	446.46M	446.46M	358.64M	182.85M	134.07M	112.57M
Cash, Cash Equivalents and Short-Term Investments	45.16M	39.44M	74.75M	7.06M	26.81M	63.08M
Total Debt	26.40M	26.40M	27.89M	479.70K	1.11M	1.47M
Total Liabilities	57.01M	57.01M	50.96M	22.27M	5.46M	8.20M
Stockholders Equity	287.72M	287.72M	262.72M	139.53M	128.61M	104.36M
Cash Flow
Free Cash Flow	-162.00M	-139.77M	-75.10M	-21.40M	-65.95M	-21.85M
Operating Cash Flow	-39.28M	-29.64M	-11.40M	-12.80M	-11.06M	-8.63M
Investing Cash Flow	-112.71M	-98.77M	-66.11M	-86.53M	-56.12M	-13.21M
Financing Cash Flow	122.25M	101.06M	146.39M	85.24M	31.11M	79.34M

Tamboran Resources Corporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 26.96
• 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 TBN, the sentiment is Positive. The current price of 26.96 is above the 20-day moving average (MA) of 25.74, above the 50-day MA of 24.89, and above the 200-day MA of 22.67, indicating a bullish trend. The MACD of 0.54 indicates Negative momentum. The RSI at 58.38 is Neutral, neither overbought nor oversold. The STOCH value of 38.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TBN.

Tamboran Resources Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PNRG	71 Outperform	$271.41M	15.88	12.07%	―	-6.03%	-54.59%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
REI	57 Neutral	$191.68M	-12.08	-1.91%	―	-15.44%	-113.21%
TBN	53 Neutral	$567.01M	-10.51	-13.73%	―	―	―
AMPY	52 Neutral	$185.38M	―	-6.90%	―	-9.46%	-144.89%
WTI	47 Neutral	$230.60M	-1.57	―	2.41%	-6.92%	-126.24%

Tamboran Resources Corporation Corporate Events

Tamboran Resources Secures $52.5 Million in Stock Offering

On October 24, 2025, Tamboran Resources Corporation entered into subscription agreements with investors to sell up to $29 million of common stock, subject to shareholder approval and other conditions. Additionally, the company closed an underwritten public offering of 2,324,445 shares, raising approximately $52.5 million to fund its development plan and other corporate purposes. The offering, launched on October 22, 2025, included an option for underwriters to purchase additional shares, which was fully exercised. These financial maneuvers are expected to strengthen Tamboran’s operational capabilities and market positioning.

The most recent analyst rating on (TBN) stock is a Hold with a $38.00 price target. To see the full list of analyst forecasts on Tamboran Resources Corporation stock, see the TBN Stock Forecast page.