Tamboran Resources (NYSE:TBN) Releases Earnings Results, Misses Expectations By $0.06 EPS

Tamboran Resources (NYSE:TBN) announced its earnings results on Wednesday. The company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.06), FiscalAI reports.

Here are the key takeaways from Tamboran Resources’ conference call:

• Tamboran said the pilot project remains on track for first gas sales in Q3 2026, with the Sturt Plateau Compression Facility 88% complete and the connected pipeline undergoing final commissioning.
• The company strengthened its liquidity by raising $198 million in equity, ending the quarter with $95 million in cash and a pro forma cash position of $298 million including expected proceeds from the Daly Waters acreage sale.
• Tamboran announced a farm-out with Daly Waters Energy covering about 10,000 acres for staged carry of up to $28.5 million, which it says helps fund near-term development and validates Beetaloo asset values.
• The company expects to test local Beetaloo sand in completions, which could cut stimulation costs by about $4 million per future well if successful. Management also noted other drilling cost improvements could come later as the basin matures.
• Tamboran expects the Falcon acquisition to close imminently after receiving the remaining approvals, while it continues to pursue a strategic JV partner and said improved basin valuations are supporting those discussions.

Tamboran Resources Price Performance

Tamboran Resources stock traded up $1.26 during mid-day trading on Wednesday, reaching $37.26. The stock had a trading volume of 170,252 shares, compared to its average volume of 135,944. The company has a 50-day moving average price of $35.58 and a two-hundred day moving average price of $29.67. Tamboran Resources has a one year low of $17.29 and a one year high of $52.21. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.01 and a current ratio of 2.01.

Analyst Ratings Changes

TBN has been the topic of a number of research reports. Piper Sandler restated an “overweight” rating and set a $74.00 target price (up from $41.00) on shares of Tamboran Resources in a report on Tuesday, March 31st. Royal Bank Of Canada upgraded shares of Tamboran Resources from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $38.00 to $55.00 in a report on Wednesday, April 29th. Wells Fargo & Company boosted their target price on shares of Tamboran Resources from $35.00 to $58.00 and gave the company an “overweight” rating in a report on Monday, March 30th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Tamboran Resources in a report on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $55.75.

Insider Transactions at Tamboran Resources

In other news, Director Scott D. Sheffield purchased 6,990 shares of the company’s stock in a transaction that occurred on Wednesday, April 8th. The shares were bought at an average price of $36.02 per share, for a total transaction of $251,779.80. Following the purchase, the director directly owned 292,430 shares in the company, valued at approximately $10,533,328.60. This trade represents a 2.45% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Phillip Z. Pace purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, April 13th. The stock was purchased at an average price of $36.99 per share, for a total transaction of $369,900.00. Following the purchase, the director owned 35,809 shares in the company, valued at $1,324,574.91. This represents a 38.75% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Tamboran Resources

A number of hedge funds have recently bought and sold shares of the business. Bank of America Corp DE raised its position in Tamboran Resources by 66.7% in the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock worth $31,000 after buying an additional 600 shares during the last quarter. State of Wyoming purchased a new position in Tamboran Resources in the 2nd quarter worth about $99,000. Walleye Capital LLC purchased a new position in Tamboran Resources in the 4th quarter worth about $204,000. Arbiter Partners Capital Management LLC raised its position in Tamboran Resources by 15.5% in the 4th quarter. Arbiter Partners Capital Management LLC now owns 57,212 shares of the company’s stock worth $1,558,000 after buying an additional 7,670 shares during the last quarter. Finally, Balyasny Asset Management L.P. purchased a new position in Tamboran Resources in the 4th quarter worth about $272,000.

About Tamboran Resources

Tamboran Resources is an independent energy company focused on the exploration and development of unconventional natural gas resources. Headquartered in Canada and listed on the New York Stock Exchange under the ticker TBN, the company concentrates its activities on onshore basins in Australia. Tamboran’s primary objective is to advance its exploration acreage toward commercial viability by leveraging modern drilling and reservoir evaluation techniques.

The company holds exploration licenses in the Beetaloo Basin in the Northern Territory of Australia, where it is conducting appraisal drilling programs to define reservoir characteristics and recoverability.