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Develops shale gas resources in Australia's Beetaloo Basin, aiming to supply domestic and export gas markets.
Develops shale gas resources in Australia's Beetaloo Basin, aiming to supply domestic and export gas markets.
Has no commercial production yet, so it funds drilling and testing by selling shares and bringing in partners that pay for part of the work. Plans depend on flow-test results, building a pipeline to carry gas to markets, and winning long-term sales contracts. It listed in New York in 2024.
Moat: none (regulatory licence). Early-stage, pre-production shale gas developer; value depends on unproven resource delineation and permitting.
Headquarters: Denver, Colorado, United States · Founded: 2009 · Employees: 47
Size Tamboran Resources (TBN) is a United States Energy company (Integrated Oil) with a market value of $1.01B, the 2238th largest of 3,117 United States companies the cockpit tracks. Shares closed at $28.90 on 6 Nov 2026.
Performance Over six months the shares fell 18.9%, against -12.7% for the median peer and -1.1% for the United States market (cap-weighted) — 9th lowest of 21 in its peer set.
Valuation It trades at 1.27× book value against a peer median of 1.11× (10th most expensive of 21).
Price implies The share price implies a return on equity of about 7.3%; Tamboran Resources delivers -4.8%, so the price asks more than the business earns today.
Short interest Short interest is 1.1% of the free float (15 Oct 2026).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 |
| Revenue growth | — | — | — | — | — |
| Gross profit | -$1.25M | -$1.25M | -$1.13M | -$1.01M | -$719,290 |
| EBITDA | -$31.4M | -$31.4M | -$37.8M | -$19.5M | -$18.7M |
| Net income | -$26.1M | -$26.1M | -$36.9M | -$21.9M | -$32.0M |
| Free cash flow | -$84.5M | -$80.7M | -$48.4M | -$17.8M | -$21.4M |
| Capital expenditure | $157M | $150M | $110M | $63.7M | $113M |
| Total debt | $84.7M | $84.7M | $26.4M | $27.9M | $479,705 |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Tamboran Resources TBN | $1.01B | -19% | n/a | -5% | 1.27× | 7.3% |
| Santos STO.AX | $19.2B | +11% | -8% | 5% | 1.22× | 7.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TBN | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -16.7% | -8.0% | 6th lowest of 21 |
| 6-month return | -18.9% | -12.7% | 9th lowest of 21 |
| Return on equity | -4.8% | 5.4% | 3rd lowest of 21 |
| Price / book | 1.27× | 1.11× | 10th most expensive of 21 |
| ROE the price implies | 7.3% | 7.0% | 10th most demanding of 21 |
| ROE delivered | -4.8% | 5.4% | 3rd lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Tamboran Resources TBN | United States | $1.01B | -19% | n/a | -5% | 1.27× | 7.3% | -4.8% |
| Shanxi Blue Flame 000968.SZ | China | $961M | -28% | -1% | 5% | 0.99× | 4.8% | 5.1% |
| Saturn Oil & Gas SOIL.TO | Canada | $941M | +13% | +6% | 5% | 1.45× | 6.9% | 4.9% |
| Sino Geophysical 300191.SZ | China | $1.10B | -47% | +136% | 11% | 6.26× | 62.7% | 10.9% |
| Sino Prima Gas Technology 300483.SZ | China | $1.11B | -15% | +40% | 17% | 1.83× | 15.0% | 16.7% |
| Riley Exploration Permian REPX | United States | $913M | +24% | +23% | 20% | 1.44× | 12.7% | 19.9% |
| Totalenergies EP Gabon EC.PA | France | $1.14B | -5% | -13% | 6% | 0.89× | 6.1% | 5.7% |
| China Risun 1907.HK | Hong Kong | $841M | -45% | -2% | 2% | 0.45× | 4.4% | 1.9% |
| Kosmos Energy KOS | United States | $1.26B | -23% | +23% | -59% | 1.88× | 13.9% | -58.8% |
| Infinity Natural Resources INR | United States | $811M | -17% | +75% | 16% | 0.60× | 5.0% | 16.2% |
| Birchcliff Energy BIR.TO | Canada | $1.29B | +3% | +10% | 4% | 0.78× | 4.8% | 4.2% |
| Geo-Jade Petroleum 600759.SS | China | $1.33B | -54% | +42% | 4% | 0.98× | 6.7% | 3.8% |
| Greenfire Resources GFR.TO | Canada | $1.36B | +3% | -2% | -4% | 1.01× | 5.2% | -3.7% |
| TXO Partners, L.P TXO | United States | $728M | +7% | +50% | -11% | 1.22× | 7.1% | -11.1% |
| Logan Energy LGN.V | Canada | $726M | +61% | +64% | 11% | 2.57× | 8.5% | 11.3% |
| United Energy 0467.HK | Hong Kong | $1.44B | -10% | +28% | 10% | 0.80× | 5.7% | 9.9% |
| Kelt Exploration KEL.TO | Canada | $1.45B | +4% | +30% | 5% | 1.70× | 8.2% | 4.9% |
| Mach Natural Resources LP MNR | United States | $1.50B | -35% | +39% | 6% | 0.81× | 5.7% | 6.3% |
| Senton Energy 001331.SZ | China | $1.75B | -24% | -24% | -2% | 8.07× | 66.2% | -2.2% |
| BKV BKV | United States | $1.92B | -37% | +84% | 14% | 0.83× | 9.2% | 13.9% |
| Headwater Exploration HWX.TO | Canada | $1.95B | -10% | +13% | 24% | 3.35× | 24.6% | 24.0% |