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Tamboran Resources (TBN) investor relations material
Tamboran Resources Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Todd Abbott appointed CEO in January 2026, bringing over 25 years of upstream and operational leadership experience.
Completed first batch drilling in Beetaloo Basin with three horizontal wells finished ahead of schedule and under budget, using advanced stimulation techniques.
Remains in exploration and appraisal stage with no revenue from gas operations as of December 31, 2025; first gas sales expected in 3Q 2026.
Raised over US$99 million through public offering, share purchase plan, and PIPE, ensuring strong funding for upcoming projects.
Progressed acquisition of Falcon Oil & Gas Ltd., expected to close in Q1–Q2 2026, increasing working interests in key assets.
Financial highlights
Cash balance of US$90.9 million as of December 31, 2025, with pro forma cash including near-term inflows at $137.9 million.
Drawn debt of $16.3 million for SPCF construction, with $42 million undrawn.
Raised $53 million via public offer, $11 million through SPP, and $32 million from PIPE in late 2025 and January 2026.
Total assets grew to $600.6 million from $446.5 million at June 30, 2025.
Net loss for the quarter was $6.6 million, and $14.8 million for the six months ended December 31, 2025.
Outlook and guidance
First gas sales from Beetaloo Basin targeted for 3Q 2026, with construction of key infrastructure on schedule and budget.
2026 to focus on stimulating remaining wells, completing SPCF, and drilling additional wells for growth and risk mitigation.
Expansion studies for SPCF to 100 TJ/day or 100 MMcf/d underway, subject to approvals and pipeline availability.
No material revenue expected until late 2026; management actively pursuing additional capital, farm-down partners, and government incentives.
Estimated $45.5 million investment needed for development plans through June 2026.
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