Tamboran Resources Corp (TBN)
Energy · Unconventional natural gas exploration and development · NYSE
Tamboran Resources is an early-stage, pre-revenue natural gas explorer developing unconventional shale gas resources in Australia's Beetaloo Basin with a goal to supply the East Coast and Asian markets by late 2026.
What Tamboran Resources Corp does
Tamboran Resources is an early-stage oil and gas exploration and development company focused on unconventional natural gas development in the Beetaloo Basin in Australia's Northern Territory. The company is pursuing a strategy to deliver natural gas to the Australian East Coast and select Asian markets through the construction of additional pipeline infrastructure. With no material revenue expected until late 2026, Tamboran is currently pre-revenue and focused on drilling, completions, and hydraulic fracturing operations to develop its gas resources.
Themes: ["Natural gas development","Unconventional resources / shale gas","Australian energy infrastructure","Energy transition / net zero production","Pipeline infrastructure"]
Fundamentals
- Price$31.73 as of 2026-07-10 close
- Market cap$1.1B as of 2026-07-13
- 1-year return+64.7% as of 2026-07-10 close
- Net margin-10836.4% as of 2026-07-13
- ROE-10.3% as of 2026-07-13
- Debt / equity0.17 as of 2026-07-13
- Beta-0.92 as of 2026-07-13
Key risks (from latest filing)
["Pre-revenue stage with no material revenue until late 2026 and substantial capital requirements; going concern doubts due to cumulative losses and negative cash flows","No proved reserves and absence of commercial quantities/quality guarantee from drilling activities; fundamental risk if Beetaloo assessments materially inaccurate","Geographic concentration in Beetaloo Basin making operations vulnerable to region-specific risks; pipeline infrastructure requirements contingent on securing additional capacity; native title and heritage disputes could delay approvals"]
Competitors & peers
- Santos (ASX: STO)
- Woodside Petroleum (ASX: WPL)
- Origin Energy (ASX: ORG)
- Beach Energy (ASX: BPT)
Fundamentals: Finnhub, as of 2026-07-13. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-10.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.