Tamboran Resources Corporation (TBN)
NYSE:TBN
Want to see TBN full AI Analyst Report?
Top Page
Tamboran Resources Corporation
(NYSE:TBN)
Select Model
Select Model
Rating:53Neutral
Price Target:
$37.00
▲(3.47% Upside)
Action:Reiterated
Date:06/16/26
The score is held down primarily by ongoing large losses and sustained cash burn despite initial TTM revenue. Technicals are moderately supportive with price above key moving averages and mildly positive momentum, while valuation remains challenged due to negative earnings. Positive corporate actions (Falcon acquisition and farm-in funding/terms) provide a meaningful offset by improving scale and development support.
Positive Factors
Solid balance sheet and moderate leverage
A sizable equity base (~$395.6M) and low debt-to-equity (~0.17) provide durable financial flexibility for a capital-intensive E&P company. This cushioning supports multi-well programs, lowers near-term refinancing pressure, and preserves optionality for farm-outs or staged development over months.
Negative Factors
Persistent negative operating and free cash flow
Consistent negative OCF (~-$33.5M TTM) and deeply negative FCF (~-$57.8M TTM) indicate the business currently burns cash to fund exploration and development. This durable cash-burn profile implies ongoing reliance on external capital, potential dilution, and constrained ability to self-fund multi-year project ramps until production cash flows materialize.
Read all positive and negative factors
Positive Factors
Negative Factors
Solid balance sheet and moderate leverage
A sizable equity base (~$395.6M) and low debt-to-equity (~0.17) provide durable financial flexibility for a capital-intensive E&P company. This cushioning supports multi-well programs, lowers near-term refinancing pressure, and preserves optionality for farm-outs or staged development over months.
Read all positive factors
Tamboran Resources Corporation (TBN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.22B
Dividend YieldN/A
Average Volume (3M)44.30K
Price to Earnings (P/E)―
Beta (1Y)-0.09
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees39
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-1.87
Shares Outstanding34,856,410
10 Day Avg. Volume44,997
30 Day Avg. Volume44,305
Financial Highlights & Ratios
PEG Ratio-0.80
Price to Book (P/B)1.09
Price to Sales (P/S)0.00
P/FCF Ratio-2.24
Enterprise Value/Market Cap0.77
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit-2.83K
Enterprise Value/Ebitda-28.78
Forecast
1Y Price Target
$58.80Price Target Upside64.43% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)-211.2
Revenue Forecast (FY)$12.62M
Tamboran Resources Corporation Business Overview & Revenue Model
Company Description
Tamboran Resources Corporation is an energy firm focused on natural gas, with a core mission to unlock unconventional gas reserves situated in Australia's Northern Territory. The company's asset portfolio encompasses a 25% non-operated stake in EP...
How the Company Makes Money
Tamboran’s primary path to revenue is monetizing natural gas (and associated hydrocarbons, if present) from its operated and non-operated upstream acreage once projects reach commercial production. In general, the company can make money through: (...
Tamboran Resources Corporation Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
66
Positive
Cash Flow
22
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 | -334.31K | -85.95K | -120.44K | -719.29K | -407.63K | -333.75K |
| EBITDA | -32.83M | -32.90M | -20.37M | -31.48M | -7.38M | -15.48M |
| Net Income | -34.38M | -36.90M | -21.92M | -32.03M | -7.83M | -23.82M |
Balance Sheet | ||||||
| Total Assets | 672.06M | 446.46M | 358.64M | 182.85M | 134.07M | 112.57M |
| Cash, Cash Equivalents and Short-Term Investments | 101.92M | 39.44M | 74.75M | 7.06M | 26.81M | 63.08M |
| Total Debt | 70.77M | 26.40M | 27.89M | 479.70K | 1.11M | 1.47M |
| Total Liabilities | 125.48M | 57.01M | 50.96M | 22.27M | 5.46M | 8.20M |
| Stockholders Equity | 395.55M | 287.72M | 262.72M | 139.53M | 128.61M | 104.36M |
Cash Flow | ||||||
| Free Cash Flow | -73.93M | -139.77M | -75.10M | -21.40M | -65.95M | -21.85M |
| Operating Cash Flow | -38.45M | -29.64M | -11.40M | -12.80M | -11.06M | -8.63M |
| Investing Cash Flow | -117.29M | -98.77M | -66.11M | -86.53M | -56.12M | -13.21M |
| Financing Cash Flow | 233.27M | 101.06M | 146.39M | 85.24M | 31.11M | 79.34M |
Tamboran Resources Corporation Technical Analysis
Neutral
35.76
Price Trends
35.54
Negative
33.95
Positive
29.47
Positive
Market Momentum
0.15
Negative
48.72
Neutral
40.28
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TBN, the sentiment is Neutral. The current price of 35.76 is above the 20-day moving average (MA) of 34.85, above the 50-day MA of 35.54, and above the 200-day MA of 29.47, indicating a neutral trend. The MACD of 0.15 indicates Negative momentum. The RSI at 48.72 is Neutral, neither overbought nor oversold. The STOCH value of 40.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TBN.
Tamboran Resources Corporation Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $283.62M | 13.30 | 10.10% | ― | -26.15% | -56.98% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
54 Neutral | $170.52M | 14.51 | 2.78% | ― | -21.23% | -41.25% | |
53 Neutral | $1.22B | -12.82 | -21.66% | ― | ― | ― | |
53 Neutral | $477.58M | -3.36 | 81.53% | 2.41% | 1.41% | -32.56% | |
50 Neutral | $289.39M | -0.89 | -33.01% | ― | -14.01% | -454.24% |
* Energy Sector Average
TBN
Tamboran Resources Corporation
35.01
11.58
49.42%
AMPY
Amplify Energy
4.13
0.47
12.84%
PNRG
Primeenergy
175.29
21.98
14.34%
WTI
W&T Offshore
3.21
1.10
51.84%
REI
Ring Energy
1.14
0.34
42.50%
Tamboran Resources Corporation Corporate Events
Business Operations and StrategyM&A Transactions
Tamboran Resources Finalizes Falcon Acquisition, Expands Beetaloo Footprint
Positive
May 28, 2026
On May 28, 2026, Tamboran Resources announced it had completed the acquisition of Falcon Oil Gas Ltd.’s subsidiaries, including Australian, Hungarian, Irish and South African units, in a cash-and-stock deal that issued 6,537,503 Tamboran sh...
Business Operations and StrategyM&A TransactionsRegulatory Filings and Compliance
Tamboran Extends Falcon Deal Deadline Amid Regulatory Delays
Neutral
Apr 6, 2026
On March 31, 2026, Tamboran Resources Corporation and its subsidiaries, together with Falcon Oil Gas Ltd., amended their existing Arrangement Agreement, primarily to push the transaction’s termination date from March 30, 2026 to April 30, 2...
Business Operations and StrategyM&A Transactions
Tamboran inks Daly Waters Beetaloo farm-in partnership
Positive
Apr 3, 2026
On March 30, 2026, Tamboran Resources’ subsidiary Tamboran (Beetaloo) Pty Limited agreed a farm-in deal with Daly Waters Energy, owned by Formentera Partners, covering about 10,000 acres across the Shenandoah North and South pilot areas and ...
Business Operations and StrategyM&A Transactions
Tamboran Reshapes Beetaloo Phase 2 Joint Venture Terms
Positive
Mar 20, 2026
On March 20, 2026, Tamboran Resources’ joint venture parties executed an addendum to their Second Amended and Restated Joint Venture and Shareholders Agreement governing the Beetaloo Basin gas project. The addendum reshapes and expands the D...
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.