# Tamboran Resources Corporation (TBN)

> Source: Nexqual · https://nexqual.com/TBN · data as of 2026-10-28 20:00 UTC · cite as "Nexqual, Tamboran Resources Corporation (TBN), nexqual.com/TBN" · informational, not investment advice.

**Price:** USD 31.69 (+1.34% on the day) · last close of Oct 28, 2026; US market pre market, not a live price. Prev close 31.27 · day 31.11–32.3 · 52w 22.34–52.21 · market cap $1.11B · NYQ

## Key facts
- 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)
| 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)
P/B 1.4x · Earnings yield -2.35% · Net cash $160M · EV $948M

## Analysts
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)
|  | 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) |

## Peers (Oil & Gas E&P)
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 -0.20% · 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%

## More
Full page: https://nexqual.com/TBN · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $-0.11 | $-0.12 | +$0.01 | $1.4M | 3 |
| Next quarter (ends 2026-12-31) | $-0.14 | $-0.14 | −$0.01 | $15.0M | 2 |
| Current fiscal year (ends 2027-06-30) | $-0.24 | $-0.37 | +$0.12 | $75.3M | 4 |
| Next fiscal year (ends 2028-06-30) | $-0.17 | $-0.62 | +$0.45 | $109.8M | 4 |

## 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).

## Recent SEC filings (last 120 days)
| Filed | Form | What it says | Filing |
|---|---|---|---|
| 2026-10-19 | 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…” | https://www.sec.gov/Archives/edgar/data/1997652/000162828026066193/0001628280-26-066193-index.htm |
| 2026-09-29 | Schedule 13D/A | Bryan Sheffield, Sheffield Holdings, LP: 10.4% of shares, 5%+ holder that may seek to influence the company (amended) | https://www.sec.gov/Archives/edgar/data/1997652/000119312526408033/0001193125-26-408033-index.htm |
| 2026-09-25 | 10-K | Annual report · period ended Jun 30, 2026 | https://www.sec.gov/Archives/edgar/data/1997652/000162828026063492/0001628280-26-063492-index.htm |
| 2026-09-25 | 8-K | Quarterly results | https://www.sec.gov/Archives/edgar/data/1997652/000162828026063490/0001628280-26-063490-index.htm |
| 2026-08-31 | 8-K | Regulation FD disclosure | https://www.sec.gov/Archives/edgar/data/1997652/000162828026059462/0001628280-26-059462-index.htm |
| 2026-08-13 | Schedule 13G | HITE Hedge Asset Management LLC, HITE Hedge Asset Management LP: 8.3% of shares, passive 5%+ holder | https://www.sec.gov/Archives/edgar/data/1997652/000106299326004340/0001062993-26-004340-index.htm |
| 2026-08-13 | 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) | https://www.sec.gov/Archives/edgar/data/1997652/000169402826000047/0001694028-26-000047-index.htm |
| 2026-08-07 | 8-K/A | Current report | https://www.sec.gov/Archives/edgar/data/1997652/000119312526340239/0001193125-26-340239-index.htm |
Source: SEC EDGAR. Quotes are the opening words of each item as filed.