Tamboran Resources Corporation (TBN) Stock Price & Analysis
Tamboran Resources Corporation (TBN) closed at USD 31.69 on Wednesday, October 28, 2026, up 1.34% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 31.27; the Oct 28, 2026 session ranged USD 31.11–32.3 on volume of 212,469 shares. Market capitalization is $1.11B, with a 52-week range of USD 22.34–52.21 (NYQ). Source: Nexqual, retrieved October 29, 2026 at 07:57 UTC.
Also available as compact Markdown for AI agents: nexqual.com/TBN.md
Key facts (TBN)
- Last four reported quarters (through Jun 30, 2026): revenue $0K, net income -$26.1M (SEC filings).
- Analysts: Buy (mean 1.71 on a 1–5 scale) (7 analysts), mean target USD 58.57 (range 45–75).
- Total return with dividends: 1Y +24.3% vs S&P 500 +13.6%; 5Y +40.8% vs S&P 500 +79.8%.
- Next earnings: 2026-11-12, EPS estimate USD -0.11, revenue estimate $1.4M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (TBN)
| USD | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|
| Revenue | $0K | $0K | $0K | $0K |
| Operating income | -$20.5M | -$39.3M | -$32.7M | -$32.7M |
| Net income | -$21.9M | -$36.9M | -$26.1M | -$26.1M |
| EPS (diluted) | -$2.32 | -$2.52 | -$1.16 | — |
| Cash + short-term investments | $74.7M | $39.4M | $219M | — |
| Total debt | — | $0K | $59.0M | — |
Fiscal years end Jun. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (TBN)
P/B 1.4x · Earnings yield -2.35% · Net cash $160M · EV $948M
Analysts (TBN)
Consensus Buy (mean 1.71 on a 1–5 scale), 7 analysts; mean target USD 58.57 (low 45, high 75).
Total return (dividends reinvested) (TBN)
| 1Y (from 2025-10-29) | 5Y (from 2024-06-24) | |
|---|---|---|
| Total return | +24.3% | +40.8% |
| S&P 500 (SPY) | +13.6% | +79.8% |
| Per year | +24.4% | +15.7% |
| Volatility (annualized) | 59.7% | 49.5% |
| Max drawdown | -44.4% (Mar 2026→Oct 2026) | -32.8% (Jul 2024→Dec 2024) |
TBN earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Mar 31, 2026 | −$0.39 | −$0.34 | Miss −14.7% | — |
| — | Quarter ended Dec 31, 2025 | −$0.27 | −$0.36 | Beat +25.0% | — |
| — | Quarter ended Sep 30, 2025 | −$0.36 | −$0.29 | Miss −24.1% | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
TBN recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Oct 19, 2026 | 8-K | Director or executive officer change, or pay arrangement; Regulation FD disclosure “On October 16, 2026, the board of directors (the "Board") of Tamboran Resources Corporation (the "Company") appointed Todd Abbott as Managing Director of the Company, in addition to his role as Chief Executive Officer, effective on October 19, 2026. In connection with his appointment, Mr. Abbott was appointed as a Class II director, to serve for a term expiring at the annual meeting of stockholders in 2028 or until his earlier death, resignation or removal. Mr. Abbott has not been appointed to any committee of the…” |
| Sep 29, 2026 | Schedule 13D/A | Bryan Sheffield, Sheffield Holdings, LP: 10.4% of shares, 5%+ holder that may seek to influence the company (amended) |
| Sep 25, 2026 | 10-K | Annual report · period ended Jun 30, 2026 |
| Sep 25, 2026 | 8-K | Quarterly results |
| Aug 31, 2026 | 8-K | Regulation FD disclosure |
| Aug 13, 2026 | Schedule 13G | HITE Hedge Asset Management LLC, HITE Hedge Asset Management LP: 8.3% of shares, passive 5%+ holder |
| Aug 13, 2026 | Schedule 13G/A | Liberty Energy Services LLC (f/k/a Liberty Oilfield Services LLC), Liberty Energy Inc.: 3.8% of shares, passive 5%+ holder (amended) |
| Aug 7, 2026 | 8-K/A | Current report |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
TBN suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Liberty Energy Inc. (LBRT) | “Tamboran has also entered into a two-year preferred arrangement with Liberty Energy Inc. (NYSE: LBRT) ("Liberty Energy") to provide us dedicated frac fleets and personnel on market terms (as reasonably determined by the Beetaloo Joint Venture).” |
| Partner | Helmerich & Payne, Inc. (HP) | “Tamboran has brought in strategic partnerships (all equity holders) with Helmerich & Payne (NYSE: HP), Liberty Energy (NYSE: LBRT) and Baker Hughes to accelerate incorporation of lessons from the U.S. shale industry.” |
Quoted from the company's 10-K filed Sep 25, 2026.
Companies that name TBN in their SEC reports
| Relationship to TBN | Company | Filing | Sentence |
|---|---|---|---|
| partner | Helmerich & Payne, Inc. (HP) | 10-K Nov 21, 2025 | “Concurrent with the October 2022 investment agreement, we entered into a fixed-term drilling services agreement with Tamboran Resources.” |
TBN analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-0.11 | $-0.12 | +$0.01 | $1.4M | 3 |
| Next quarter (ends Dec 2026) | $-0.14 | $-0.14 | −$0.01 | $15.0M | 2 |
| Current fiscal year (ends Jun 2027) | $-0.24 | $-0.37 | +$0.12 | $75.3M | 4 |
| Next fiscal year (ends Jun 2028) | $-0.17 | $-0.62 | +$0.45 | $109.8M | 4 |
Key Statistics (as of October 29, 2026 at 07:57 UTC)
| Price | USD 31.69 |
|---|---|
| Change | ▲ 1.34% (up) |
| Previous Close | USD 31.27 |
| Open | USD 31.68 |
| Day Range | USD 31.11 – 32.3 |
| 52-Week Range | USD 22.34 – 52.21 |
| Volume | 212,469 shares |
| Market Cap | $1.11B |
| Exchange | NYQ |
Technical Analysis (TBN)
Nexqual's technical model rates TBN "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 29, 2026 at 07:57 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 42.89 (neutral) |
| vs SMA50 | Below (USD 35.47) |
| MACD | -1.41 (negative) |
Analyst Ratings (TBN)
Wall Street analysts rate TBN "Buy" based on 7 analysts, with a mean price target of USD 58.57 (range USD 45–75), per Nexqual as of October 29, 2026 at 07:57 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 7 |
| Mean Target | USD 58.57 |
| High Target | USD 75 |
| Low Target | USD 45 |
| Buy / Hold / Sell | 7 / 0 / 0 |
Earnings (TBN)
| Next Earnings Date | 2026-11-12 |
|---|---|
| EPS Estimate | USD -0.11 |
| Revenue Estimate | $1.43M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-03-31 | USD -0.39 vs est -0.34 ▼ miss |
| 2025-12-31 | USD -0.27 vs est -0.36 ▲ beat |
| 2025-09-30 | USD -0.36 vs est -0.29 ▼ miss |
Source: Nexqual, October 29, 2026 at 07:57 UTC.
Financials & Fundamentals (TBN)
| Gross Margin | +0.00% |
|---|---|
| Operating Margin | +0.00% |
| Profit Margin | +0.00% |
| ROE | -4.49% |
| Debt / Equity | 0.09 |
| Current Ratio | 2.61 |
| Total Cash | $219.14M |
| Total Debt | $84.72M |
Source: Nexqual, October 29, 2026 at 07:57 UTC.
Financial Health Score (TBN)
Nexqual rates Tamboran Resources Corporation's overall financial health "Mixed" across five dimensions, as of October 29, 2026 at 07:57 UTC.
| Growth | Mixed — No data |
|---|---|
| Profitability | Weak — Pre-revenue or very early stage |
| Balance Sheet | Strong — $219M cash and investments vs $59M debt (Jun 2026, SEC), net cash |
| Cash Flow | Weak — Operating cash flow -$35M (FY ended Jun 2026, 10-K) |
| Efficiency | Critical — ROE -3%, ROA -2.3% (last 4 quarters, SEC) |
Ownership (TBN)
| Insider Ownership | +21.35% |
|---|---|
| Institutional Ownership | +38.82% |
| Shares Outstanding | 28.28M |
| Float | 29.37M |
| Short % of Float | +1.61% |
Source: Nexqual, October 29, 2026 at 07:57 UTC.
Leadership (TBN)
Tamboran Resources Corporation is led by Eric Dyer, Chief Financial Officer, per Nexqual as of October 29, 2026 at 07:57 UTC.
| Chief Financial Officer | Eric Dyer |
|---|---|
| Chief Operating Officer | Faron J. Thibodeaux |
| Vice President of Human Resources | Lisa Vassallo |
Major Backers & Investors (TBN)
Notable institutional backers of Tamboran Resources Corporation include HITE Hedge Asset Management LLC, Gilder Gagnon Howe & Co LLC, Alberta Investment Management Corp, according to Nexqual as of October 29, 2026 at 07:57 UTC.
Active Investors
| Investor | Stake |
|---|---|
| HITE Hedge Asset Management LLC | 8.24% |
| Gilder Gagnon Howe & Co LLC | 3.12% |
| Alberta Investment Management Corp | 2.46% |
| Cinctive Capital Management LP | 1.87% |
| Yaupon Capital Management, LP | 1.78% |
| Reaves (W.H.) & Company, Inc. | 1.76% |
| Reaves Utility Income Fund | 1.76% |
| Ingalls & Snyder LLC | 1.44% |
Source: Nexqual, October 29, 2026 at 07:57 UTC.
Legal & Regulatory Risks from Tamboran Resources Corporation's Latest 10-K (filed 2026-09-25)
- We are subject to complex federal, local and other laws and regulations that could adversely affect the cost, manner or feasibility of conducting our operations or expose us to significant liabilities.
- Our business is affected by government policy, which in turn may be influenced by international policies and laws.
- Changes to these requirements (including, for example, new requirements relating to climate change, environmental protection and energy policy) may restrict or affect our right or ability to conduct our activities.
- We face community opposition from certain parties with respect to our development of the Beetaloo and related operations, which could result in significant costs and delays and could impede our ability to obtain the government approvals required for such operations.
Source: SEC EDGAR 10-K, Item 1A, official filing.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| BSM | Black Stone Minerals, L.P. | USD 14.86 | ▲ 0.41% |
| BTE | Baytex Energy Corp | USD 5.46 | ▲ 0.74% |
| CRK | Comstock Resources, Inc. | USD 14.87 | ▼ 0.2% |
| CRC | California Resources Corporatio | USD 54.72 | ▲ 1.13% |
| CRGY | Crescent Energy Company | USD 13.75 | ▲ 0.44% |
| CNX | CNX Resources Corporation | USD 38.05 | ▼ 1.37% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 07:57 UTC. This page is informational and not investment advice.
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