Tethys Petroleum (TPL) AI Stock Analysis

• Market Cap: C$135.60M
• Dividend Yield: 0.66%
• Average Volume (3M): 2.90K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.13
• Revenue Growth: 12.23%
• EPS Growth: -424.88%
• Country: CA
• Employees: 232
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): 0.02
• Shares Outstanding: 96,857,250
• 10 Day Avg. Volume: 6,848
• 30 Day Avg. Volume: 2,904
• PEG Ratio: 0.03
• Price to Book (P/B): 3.55
• Price to Sales (P/S): 5.41
• P/FCF Ratio: -102.40
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 63 Neutral
• Price Target: C$1.50 ▲(7.14% Upside)

The score is anchored by mixed financial performance—strong cash generation and no debt, but ongoing losses and volatility in profitability. Technicals are moderately supportive with price above key moving averages and positive MACD, while valuation is helped by the high dividend yield but constrained by negative earnings. Corporate events are a notable positive due to long-term production approval and acquisition/legal catalysts.

Tethys Petroleum Business Overview & Revenue Model

Company Description

Tethys Petroleum Limited acquires, explores for, and develops crude oil and natural gas fields in Kazakhstan. It holds 100% working interest in the Kyzyloi production contract covering 449 square kilometers; Akkulka exploration licence and contract covering 827 square kilometers; Akkulka production contract covering 396 square kilometers; and Kul-Bas exploration and production contract covering 7,632 square kilometers located in Kazakhstan. The company was formerly known as Tethys Petroleum Investments Limited and changed its name to Tethys Petroleum Limited in September 2006. Tethys Petroleum Limited was incorporated in 2003 and is based in Grand Cayman, the Cayman Islands.

How the Company Makes Money

Tethys Petroleum makes money through the exploration, development, and production of oil and natural gas. The company's primary revenue streams include the sale of crude oil and natural gas extracted from its fields. These sales are typically conducted through long-term contracts or spot market transactions, depending on market conditions. Key factors contributing to its earnings include successful exploration activities, efficient resource management, and strategic partnerships or joint ventures that enhance production capabilities. Additionally, fluctuations in global oil and gas prices and the company's ability to manage operational costs significantly impact its revenue generation.

Tethys Petroleum Financial Statement Overview

Summary

Tethys Petroleum faces significant financial challenges, with declining revenues and negative net income impacting profitability. The cash flow is weak, indicating liquidity issues, despite the balance sheet showing strength with no debt and a strong equity base.

Income Statement

The income statement shows a challenging period for Tethys Petroleum, with declining revenues in the TTM and negative net income, leading to a negative net profit margin. Gross profit margin remains healthy; however, revenue has significantly decreased from the previous year, impacting overall profitability metrics.

Balance Sheet

Tethys Petroleum's balance sheet reflects a solid equity position with zero total debt in the latest TTM period, enhancing its financial stability. The equity ratio is satisfactory, indicating a strong capital structure despite a decline in stockholders' equity in recent periods.

Cash Flow

The cash flow situation is weak with negative free cash flow in the TTM, indicating potential liquidity challenges. The operating cash flow to net income ratio is unfavorable, which could impact the company's ability to fund operations and growth without external financing.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	20.32M	15.20M	36.48M	65.49M	15.91M	13.04M
Gross Profit	9.43M	6.72M	26.13M	50.84M	9.38M	6.63M
EBITDA	-12.62M	-16.65M	23.47M	50.29M	8.06M	-35.62M
Net Income	-8.89M	-12.39M	9.74M	12.30M	-3.99M	-38.52M
Balance Sheet
Total Assets	55.47M	56.23M	85.33M	87.27M	73.94M	53.82M
Cash, Cash Equivalents and Short-Term Investments	7.11M	5.96M	7.22M	14.54M	9.28M	1.75M
Total Debt	0.00	0.00	0.00	2.51M	6.58M	5.55M
Total Liabilities	31.84M	33.08M	43.14M	52.15M	51.59M	28.90M
Stockholders Equity	23.63M	23.15M	42.19M	35.12M	22.36M	24.92M
Cash Flow
Free Cash Flow	7.50M	-803.00K	-1.71M	22.21M	-577.00K	8.42M
Operating Cash Flow	13.79M	6.91M	10.11M	34.08M	14.91M	17.49M
Investing Cash Flow	-7.45M	-7.65M	-11.55M	-22.50M	-8.73M	-5.49M
Financing Cash Flow	-1.15M	0.00	-5.88M	-5.16M	1.40M	-10.74M

Tethys Petroleum Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1.40
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TPL, the sentiment is Neutral. The current price of 1.4 is below the 20-day moving average (MA) of 1.44, above the 50-day MA of 1.39, and above the 200-day MA of 1.20, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 48.58 is Neutral, neither overbought nor oversold. The STOCH value of 47.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:TPL.

Tethys Petroleum Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ORC.B	76 Outperform	C$98.05M	3.16	18.65%	2.08%	10.08%	322.40%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
KEI	64 Neutral	C$178.91M	7.17	9.49%	―	12.17%	6.99%
TPL	63 Neutral	C$135.60M	-13.27	-28.62%	0.66%	12.23%	-424.88%
BNE	59 Neutral	C$173.37M	-11.94	-2.67%	―	-9.55%	-154.04%
EOG	51 Neutral	C$163.92M	-46.43	-11.95%	―	―	86.19%
QEC	48 Neutral	C$126.41M	-8.94	-10.07%	―	19.15%	43.88%

Tethys Petroleum Corporate Events

Tethys Petroleum Secures Long-Term Kul-Bas Production Approval and Streamlines Kazakhstan Listing

Tethys Petroleum has secured approval from Kazakhstan’s Ministry of Energy to move the Kul-Bas oil field into a long-term Production Period through July 2048, safeguarding continuity of oil output beyond the current preparatory phase and underpinning ongoing investment in field infrastructure, including processing, storage, camp facilities and a new gas compressor and pipeline. The company is reporting average December oil production of about 425 tons per day from key Kul-Bas wells and around 230,000 m³ of gas per day from the Kyzyloi and Akkulka gas fields, has applied to extend the Akkulka gas field contract to 2036, and is pursuing a voluntary delisting from the Kazakhstan Stock Exchange due to negligible trading activity, concentrating liquidity and investor focus on its TSX Venture Exchange listing.

Tethys Petroleum Advances Operations and Explores Acquisition

Tethys Petroleum has announced updates on its operations in Kazakhstan, highlighting ongoing oil production and infrastructure developments. The company is enhancing its oil processing and storage capacity and progressing with the construction of a gas processing facility and pipeline. Additionally, Tethys is advancing exploration efforts and regulatory processes to transition the Kul-Bas field to a commercial license. The company is also in discussions with Fincraft Group LLP regarding a potential acquisition.

Tethys Petroleum Advances Legal Victory and Acquisition Proposal

Tethys Petroleum has successfully enforced a court ruling in Kazakhstan, which rejected challenges from DSFK and Olisol Petroleum Limited, confirming an arbitration award in favor of Tethys. Additionally, Fincraft Group LLP has increased its offer to acquire all outstanding shares of Tethys at $1.75 CAD per share, which is currently under review by a special committee of independent directors.

Tethys Petroleum Reports Increased Sales and Profit Amid Operational and Legal Developments

Tethys Petroleum reported a 33% increase in oil and gas sales for the third quarter of 2025, driven by increased oil production, resulting in a profit of $1.4 million compared to a loss in the previous year. The company is enhancing its oil and gas production capabilities and is involved in ongoing legal proceedings to extend its Akkulka Oil contract, while also evaluating acquisition interest from Fincraft Group LLP.

Tethys Petroleum Updates on Operations and Acquisition Proposal

Tethys Petroleum has reported a gradual increase in oil production from its wells in Kazakhstan, with plans to boost output further following gas turbine repairs. The company is also appealing a court decision regarding an oil contract extension. Additionally, Tethys is reviewing a non-binding acquisition proposal from Fincraft Group LLP, with a special committee seeking further details on the offer.