Tethys Petroleum Limited. (TSE:TPL)
:TPL
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Tethys Petroleum
(TPL)
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Rating:57Neutral
Price Target:
C$1.50
▲(7.14% Upside)
Action:ReiteratedDate:05/05/26
The score is supported primarily by the strengthened 2025 financial performance and a low-risk, debt-free balance sheet, but is held back by pronounced earnings/FCF volatility and weak technical trend signals. Valuation contributes little due to missing/invalid P/E and no dividend yield data.
Positive Factors
Debt-free balance sheet
Zero reported debt across 2023–2025 and sizable equity (~$30.3M) materially reduce refinance and interest-rate risk. Over the medium term this financial flexibility supports sustaining operations in commodity downturns, funds selective capex or M&A, and lowers the probability of distressed financing.
Negative Factors
Earnings volatility and cyclicality
Large swings including a major 2024 loss (net margin ~-81%) show the business is highly exposed to commodity cycles and execution risk. This structural volatility undermines multi-period planning, makes cash flow timing unpredictable, and raises the likelihood of capital raises or asset disposals during downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero reported debt across 2023–2025 and sizable equity (~$30.3M) materially reduce refinance and interest-rate risk. Over the medium term this financial flexibility supports sustaining operations in commodity downturns, funds selective capex or M&A, and lowers the probability of distressed financing.
Read all positive factors
Tethys Petroleum (TPL) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$126.88M
Dividend Yield0.66%
Average Volume (3M)2.90K
Price to Earnings (P/E)13.3
Beta (1Y)0.77
Revenue Growth12.25%
EPS Growth-424.88%
CountryCA
Employees232
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-0.08
Shares Outstanding96,857,250
10 Day Avg. Volume6,848
30 Day Avg. Volume2,904
Financial Highlights & Ratios
PEG Ratio-0.08
Price to Book (P/B)2.94
Price to Sales (P/S)3.36
P/FCF Ratio34.43
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 ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 contrac...
How the Company Makes Money
TPL’s core revenue model is based on upstream oil and gas economics: it generates revenue primarily by producing crude oil and/or natural gas from its fields and selling those volumes to purchasers (typically via offtake arrangements or sales into...
Tethys Petroleum Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
82
Very Positive
Cash Flow
61
Positive
| Breakdown | TTM | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.32M | 26.42M | 15.20M | 36.48M | 65.49M | 15.91M |
| Gross Profit | 9.43M | 14.22M | 6.72M | 26.13M | 50.84M | 9.38M |
| EBITDA | -12.62M | 7.96M | -16.65M | 23.47M | 50.29M | 8.06M |
| Net Income | -8.89M | 6.67M | -12.39M | 9.74M | 12.30M | -3.99M |
Balance Sheet | ||||||
| Total Assets | 55.47M | 64.23M | 56.23M | 85.33M | 87.27M | 73.94M |
| Cash, Cash Equivalents and Short-Term Investments | 7.11M | 8.15M | 5.96M | 7.22M | 14.54M | 9.28M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 2.51M | 6.58M |
| Total Liabilities | 31.84M | 33.97M | 33.08M | 43.14M | 52.15M | 51.59M |
| Stockholders Equity | 23.63M | 30.26M | 23.15M | 42.19M | 35.12M | 22.36M |
Cash Flow | ||||||
| Free Cash Flow | 7.50M | 2.58M | -803.00K | -1.71M | 22.21M | -577.00K |
| Operating Cash Flow | 13.79M | 10.77M | 6.91M | 10.11M | 34.08M | 14.91M |
| Investing Cash Flow | -7.45M | -7.80M | -7.65M | -11.55M | -22.50M | -8.73M |
| Financing Cash Flow | -1.15M | -973.00K | 0.00 | -5.88M | -5.16M | 1.40M |
Tethys Petroleum Technical Analysis
Negative
1.40
Price Trends
1.62
Negative
1.57
Negative
1.32
Positive
Market Momentum
-0.01
Negative
46.29
Neutral
48.24
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TPL, the sentiment is Negative. The current price of 1.4 is below the 20-day moving average (MA) of 1.57, below the 50-day MA of 1.62, and above the 200-day MA of 1.32, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 46.29 is Neutral, neither overbought nor oversold. The STOCH value of 48.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:TPL.
Tethys Petroleum Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | C$102.37M | 0.82 | 18.65% | 2.08% | 10.10% | 322.71% | |
70 Outperform | C$255.06M | 10.54 | 7.78% | ― | -0.85% | -12.18% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
57 Neutral | C$126.88M | 13.33 | -37.75% | 0.66% | 12.25% | -424.88% | |
55 Neutral | C$247.07M | -8.77 | -3.24% | ― | -9.96% | -270.60% | |
54 Neutral | C$382.59M | 43.82 | -4.77% | ― | ― | 95.40% | |
47 Neutral | C$149.23M | -0.46 | -10.07% | ― | 107.18% | -976.02% |
* Energy Sector Average
TSE:TPL
Tethys Petroleum
1.31
-0.21
-13.82%
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Tethys Petroleum Corporate Events
Business Operations and StrategyFinancial Disclosures
Tethys Petroleum Reserves Steady but Asset Value Hit by Lower Oil Prices
Negative
Apr 10, 2026
Tethys Petroleum has reported updated reserves in Kazakhstan as of December 31, 2025, showing that total proved and total proved plus probable reserves volumes are broadly unchanged from the prior year. However, the Net Present Value of these rese...
Business Operations and StrategyRegulatory Filings and Compliance
Tethys Petroleum Lifts Output and Advances Kazakhstan Drilling and Gas Contracts
Positive
Mar 24, 2026
Tethys Petroleum Limited, an oil and gas exploration and production company focused on Central Asia, is currently producing oil from three Klymene wells in Kazakhstan and natural gas from 20 wells at its Kyzyloi and Akkulka gas fields. The company...
Business Operations and Strategy
Tethys Petroleum Secures Long-Term Kul-Bas Production Rights and Ramps Up Drilling in Kazakhstan
Positive
Feb 20, 2026
Tethys Petroleum has secured an extension of the Kul-Bas oil field into its commercial Production Period, running from February 17, 2026 to July 27, 2048, cementing long-term operating rights in Kazakhstan. This transition supports the companyR...
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.