Tamboran Resources reported Q4 FY26 (June quarter) results, highlighting first gas sales to the Northern Territory market in September 2026 and the completion of the Sturt Plateau Compression Facility (SPCF) on time and ~$9M below budget. EPS of -$0.05 beat consensus of -$0.28 by 82.5%, but the company remains pre-revenue with no material revenue reported for the quarter. The stock is likely to react positively to the operational milestone of first gas and the strong EPS beat, tempered by the early-stage nature of production and ongoing commissioning risk.
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Executive Summary
Tamboran Resources reported Q4 FY26 (June quarter) results, highlighting first gas sales to the Northern Territory market in September 2026 and the completion of the Sturt Plateau Compression Facility (SPCF) on time and ~$9M below budget. EPS of -$0.05 beat consensus of -$0.28 by 82.5%, but the company remains pre-revenue with no material revenue reported for the quarter. The stock is likely to react positively to the operational milestone of first gas and the strong EPS beat, tempered by the early-stage nature of production and ongoing commissioning risk.
Key Facts
- First gas sales to the Northern Territory gas market commenced in September 2026.
- EPS of -$0.05 beat consensus of -$0.28 by 82.5%.
- SPCF construction completed on time and ~$9M below forecast budget.
- Pro forma cash balance of ~$240M with net drawn debt of $30M.
- Completed the largest stimulation campaign in the Beetaloo Basin (178 stages across 30,000 lateral feet).
- Completed acquisition of Falcon Oil & Gas Ltd in May 2026.
- Completed public offering raising ~$186M net of fees in April 2026.
- Non-binding MOU with Liberty Energy to extend hydraulic fracture stimulation and wireline services agreement.
Financial Impact
EPS beat of $0.23 vs consensus ($-0.05 actual vs $-0.28 estimate); no revenue reported for the quarter; pro forma cash balance of ~$240M; SPCF capex ~$9M below budget.
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-063490 |
| Document: a260925tamboran4qfy26res.htm | 0001628280-26-063490 |
| Document: a260926fourthquarterfy26.htm | 0001628280-26-063490 |
| Document: 0001628280-26-063490-index-headers.html | 0001628280-26-063490 |
| Document: 0001628280-26-063490-index.html | 0001628280-26-063490 |
| Document: 0001628280-26-063490.txt | 0001628280-26-063490 |
| 8-K Data (Synthetic) | 0001628280-26-063490 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 7d ago | 8-K | $30.24 | awaiting T+20 | — | $30.58 (+1.12%) |
Sep 29, 2026 26d ago | SC 13D/A | $32.96 | awaiting T+20 | — | $30.58 (−7.22%) |
Sep 25, 2026 4w ago | 8-K | $35.11 $30.30 | ▼ −13.70% | ▼ −12.22% | $30.58 (−12.90%) |
Jun 11, 2026 19w ago | Institutional Cluster | $33.66 $31.85 | ▼ −5.38% | ▼ −7.27% | $30.58 (−9.15%) |
Apr 8, 2026 28w ago | Insider Cluster | $35.75 $35.36 | ▼ −1.09% | ▼ −9.64% | $30.58 (−14.46%) |
Apr 8, 2026 28w ago | Insider Cluster | $35.75 $35.36 | ▼ −1.09% | ▼ −9.64% | $30.58 (−14.46%) |
US Market Status
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