TBNTamboran Resources Corp.
Earnings Recap
• Reported GAAP EPS of -$0.99 down -200.00% YoY • Tamboran Resources Corporation expects no material revenue until late 2026, with first gas sales from the Shenandoah South Pilot Project anticipated in the second half of calendar year 2026. The company estimates investing $45.5 million for development plans through FY26.
Bullish
Tamboran Resources Corporation bolstered liquidity with $83.4M in cash from capital raises. Strategic milestones like the Shenandoah South Pilot Project FID and SPCF construction are progressing.
Bearish
Tamboran Resources Corporation faces going concern doubts due to no material revenue until late 2026 and persistent operating losses. Material weaknesses in internal controls and Falcon Acquisition risks also pose challenges.