TBN
Tamboran Resources Corporation
NYSEUSDEQUITY
Energy
DELAYED
Last price
37.97
▲ 15.47 (68.76%)
MARKET · —
Price
Too many bars for candle bodies at this width — showing high/low range per bar. Zoom in or pick a shorter range.
Open
—
Prev close
22.50
Day high
39.08
Day low
37.67
Volume
63.10K
Market cap
$1.32B
P/E (TTM)
—
52W range
19.55 – 52.21
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
5.79M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jun 1, 26 | SIEGEL DAVID NEIL Director |
STOCK | 2.98K | $0 | Direct |
| Jun 1, 26 | STONEBURNER RICHARD KELTY Director |
STOCK | 2.98K | $0 | Direct |
| Jun 1, 26 | BARRETT FREDRICK J Director |
STOCK | 2.98K | $0 | Direct |
| Jun 1, 26 | DALTON RYAN JAMES Director |
STOCK | 2.98K | $0 | Direct |
| Jun 1, 26 | PACE PHILLIP Z. Director |
STOCK | 2.98K | $0 | Direct |
| Jun 1, 26 | ROBB ANDREW JOHN Director |
STOCK | 2.98K | $0 | Direct |
| Jun 1, 26 | ELLIOTT PATRICK JAMES DYMOCK Director |
STOCK | 2.98K | $0 | Direct |
| Jun 1, 26 | BELLMAN JEFFREY LANCE Director |
STOCK | 2.98K | $0 | Direct |
| May 28, 26 | SHEFFIELD BRYAN SCOTT Director and Beneficial Owner of more than 10% of a Class of Security |
STOCK | 339.50K | $0 | Indirect |
| May 26, 26 | SIEGEL DAVID NEIL Director |
STOCK | 3.63K | $0 | Direct |
| May 26, 26 | STONEBURNER RICHARD KELTY Director |
STOCK | 5.41K | $0 | Direct |
| May 26, 26 | BARRETT FREDRICK J Director |
STOCK | 1.81K | $0 | Direct |
| May 26, 26 | DALTON RYAN JAMES Director |
STOCK | 3.93K | $0 | Direct |
| May 26, 26 | PACE PHILLIP Z. Director |
STOCK | 3.32K | $0 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
ABBOTT TODD CHRISTOPHER |
Chief Executive Officer | 156.23K | Stock Award(Grant) |
BARRETT FREDRICK J |
Director | 72.73K | Stock Award(Grant) |
DYER ERIC STEVEN |
Chief Financial Officer | 79.77K | Stock Award(Grant) |
ELLIOTT PATRICK JAMES DYMOCK |
Director | 153.16K | Stock Award(Grant) |
RIDDLE JOEL LYNN |
Chief Executive Officer | 127.72K | Stock Award(Grant) |
SHEFFIELD BRYAN SCOTT |
Director and Beneficial Owner of more than 10% of a Class of Security | — | Stock Award(Grant) |
SHEFFIELD SCOTT DOUGLAS |
Director | 323.99K | Stock Award(Grant) |
SIEGEL DAVID NEIL |
Director | 480.72K | Stock Award(Grant) |
STONEBURNER RICHARD KELTY |
Director | 122.43K | Stock Award(Grant) |
THIBODEAUX FARON JAMES |
Chief Operating Officer | 153.31K | Stock Award(Grant) |
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Trailing performance
Returnvs SPY
1W
+3.15%
+4.5%
1M
+7.72%
+4.0%
3M
+8.30%
+5.2%
6M
+26.31%
+15.2%
YTD
+39.44%
+27.2%
1Y
+83.25%
+63.3%
3Y
—
-74.2%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$1.32B
Enterprise value$1.21B
Revenue (TTM)—
Gross profit—
EBITDA$-29.96M
Net income$-34.39M
EPS (TTM)$-1.83
Free cash flow$-138.20M
Total cash$88.15M
Total debt$70.77M
Book value / share$17.40
Shares outstanding34.86M
Float23.78M
Short % of float3.49%
Dividend yield—
Beta (5Y)0.27
Short interest
Shares short
1.06M
Prior 1.22M
Change vs prior
-12.7%
Shorts covering
% of float
3.49%
Normal
% of shares out
3.05%
Against total outstanding
Days to cover
7.6
Crowded exit
Float
23.78M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Valuation & profitability ratios
Trailing P/E—
Forward P/E-103.55
PEG ratio—
Price / sales—
Price / book2.18
EV / revenue—
EV / EBITDA-40.35
Gross margin0.00%
Operating margin0.00%
Profit margin0.00%
Return on equity-8.36%
Return on assets-3.69%
Debt / equity12.95
Current ratio2.00
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $0 | $0 | $0 | $0 | — |
| Operating revenue | $0 | $0 | $0 | $0 | — |
| Cost of revenue | $85.95K | $120.44K | $118.33K | $562.10K | -28.6% |
| Gross profit | -$85.95K | -$120.44K | -$118.33K | -$562.10K | +28.6% |
| Research & development | $6.04M | $0 | — | — | — |
| Selling, general & admin | $21.71M | $17.32M | $15.92M | $10.63M | +25.4% |
| Total operating expense | $32.90M | $20.37M | $19.32M | $9.98M | +61.5% |
| Operating income | -$32.99M | -$20.49M | -$19.43M | -$10.54M | -61.0% |
| Net interest income | $1.55M | $690.83K | $31.00K | -$59.85K | +124.5% |
| Pre-tax income | -$39.62M | -$23.85M | -$32.20M | -$10.80M | -66.1% |
| Tax provision | — | — | $0 | $0 | — |
| Net income | -$36.90M | -$21.92M | -$32.03M | -$10.80M | -68.4% |
| Net income to common | -$36.90M | -$21.92M | -$32.03M | -$10.80M | -68.4% |
| Basic EPS | -2.47 | -2.28 | -0.02 | -0.01 | -8.5% |
| Diluted EPS | -2.47 | -2.28 | -0.02 | -0.01 | -8.5% |
| EBIT | -$32.99M | -$20.49M | -$19.43M | -$10.74M | -61.0% |
| EBITDA | -$32.90M | -$20.37M | -$19.32M | -$10.18M | -61.5% |
| Basic shares | 14.94M | 9.63M | 1.26B | 737.99M | +55.1% |
| Diluted shares | 14.94M | 9.63M | 1.26B | 737.99M | +55.1% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $39.44M | $74.75M | $6.43M | $26.81M | -47.2% |
| Cash & short-term investments | $39.44M | $74.75M | $6.43M | $26.81M | -47.2% |
| Accounts receivable | $8.19M | $10.30M | $0 | — | -20.5% |
| Total current assets | $56.70M | $97.33M | $17.02M | $30.69M | -41.7% |
| Property, plant & equipment | $385.16M | $259.42M | $164.04M | $102.35M | +48.5% |
| Goodwill & intangibles | — | — | $286.92K | $433.46K | — |
| Total assets | $446.46M | $358.64M | $182.85M | $134.07M | +24.5% |
| Total current liabilities | $36.61M | $28.00M | $14.75M | $4.61M | +30.7% |
| Total debt | $26.40M | $27.89M | $479.70K | $1.11M | -5.4% |
| Total liabilities | $57.01M | $50.96M | $22.27M | $5.46M | +11.9% |
| Retained earnings | -$167.28M | -$130.38M | -$108.46M | -$98.91M | -28.3% |
| Shareholder equity | $287.72M | $262.72M | $139.53M | $128.61M | +9.5% |
| Working capital | $20.09M | $69.33M | $2.27M | $26.08M | -71.0% |
| Net tangible assets | $287.72M | $262.72M | $139.53M | $128.17M | +9.5% |
| Shares issued | 16.72M | 13.92M | 1.48B | 778.72M | +20.1% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | -$39.62M | -$23.85M | -$32.20M | -$10.80M | -66.1% |
| Depreciation & amortisation | $85.95K | $120.44K | $118.33K | $562.10K | -28.6% |
| Stock-based compensation | $4.35M | $555.52K | $908.90K | $1.46M | +683.9% |
| Change in working capital | -$4.79M | $6.94M | $5.31M | -$1.82M | -169.0% |
| Operating cash flow | -$29.64M | -$11.40M | -$12.80M | -$11.06M | -160.0% |
| Capital expenditure | -$110.13M | -$63.70M | -$113.36M | -$54.88M | -72.9% |
| Investing cash flow | -$98.77M | -$66.11M | -$107.46M | -$56.12M | -49.4% |
| Share buybacks | — | -$13.98M | -$4.09M | -$2.40M | — |
| Financing cash flow | $101.06M | $146.39M | $106.18M | $31.11M | -31.0% |
| Free cash flow | -$139.77M | -$75.10M | -$126.16M | -$65.95M | -86.1% |
| End cash position | $45.16M | $74.75M | $7.06M | $26.81M | -39.6% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $0 | $0 | $0 | $0 | $0 | — | — |
| Operating revenue | $0 | $0 | $0 | $0 | $0 | — | — |
| Cost of revenue | $2.00K | $2.00K | $2.00K | $1.31K | $23.00K | — | 0.0% |
| Gross profit | -$2.00K | -$2.00K | -$2.00K | -$1.31K | -$23.00K | — | 0.0% |
| Research & development | $31.00K | $136.00K | $191.00K | $824.46K | $1.98M | — | -77.2% |
| Selling, general & admin | $6.72M | $5.92M | $5.41M | $7.00M | $5.32M | — | +13.4% |
| Total operating expense | $8.37M | $7.80M | $8.21M | $8.52M | $8.78M | — | +7.3% |
| Operating income | -$8.37M | -$7.80M | -$8.21M | -$8.52M | -$8.80M | — | -7.3% |
| Net interest income | $658.00K | $238.00K | -$305.00K | -$1.51K | $51.00K | — | +176.5% |
| Pre-tax income | -$10.62M | -$7.56M | -$9.06M | -$9.19M | -$8.17M | — | -40.5% |
| Net income | -$9.41M | -$6.61M | -$8.18M | -$10.18M | -$6.66M | — | -42.3% |
| Net income to common | -$9.41M | -$6.61M | -$8.18M | -$10.18M | -$6.66M | — | -42.3% |
| Basic EPS | -0.41 | -0.32 | -0.46 | — | -0.45 | -0.97 | -27.3% |
| Diluted EPS | -0.41 | -0.32 | -0.46 | — | -0.45 | -0.97 | -27.3% |
| EBIT | -$8.37M | -$7.80M | -$8.21M | -$8.52M | -$8.80M | — | -7.3% |
| EBITDA | -$8.37M | -$7.80M | -$8.21M | -$8.52M | -$8.78M | — | -7.3% |
| Basic shares | 22.83M | 20.41M | 17.86M | — | 14.81M | 14.62M | +11.8% |
| Diluted shares | 22.83M | 20.41M | 17.86M | — | 14.81M | 14.62M | +11.8% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $88.15M | $83.40M | $39.56M | $39.44M | $25.64M | +5.7% |
| Cash & short-term investments | $88.15M | $83.40M | $39.56M | $39.44M | $25.64M | +5.7% |
| Accounts receivable | $3.89M | $1.27M | $1.76M | $8.19M | $7.58M | +205.7% |
| Total current assets | $118.11M | $106.36M | $46.46M | $56.70M | $37.95M | +11.0% |
| Property, plant & equipment | $545.18M | $485.24M | $432.36M | $385.16M | $340.73M | +12.4% |
| Total assets | $672.06M | $600.55M | $484.16M | $446.46M | $381.52M | +11.9% |
| Total current liabilities | $59.10M | $52.95M | $50.32M | $36.61M | $34.38M | +11.6% |
| Long-term debt | $44.58M | $32.59M | — | — | — | +36.8% |
| Total debt | $70.77M | $60.12M | $25.61M | $26.40M | $26.87M | +17.7% |
| Total liabilities | $125.48M | $109.80M | $68.80M | $57.01M | $56.19M | +14.3% |
| Retained earnings | -$191.48M | -$182.08M | -$175.46M | -$167.28M | -$157.10M | -5.2% |
| Shareholder equity | $395.55M | $358.86M | $295.15M | $287.72M | $239.85M | +10.2% |
| Working capital | $59.01M | $53.41M | -$3.86M | $20.09M | $3.57M | +10.5% |
| Net tangible assets | $395.55M | $358.86M | $295.15M | $287.72M | $239.85M | +10.2% |
| Shares issued | 22.67M | 21.12M | 17.82M | 16.72M | 14.54M | +7.4% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Net income | -$10.62M | -$7.56M | -$9.06M | -$9.19M | -$8.17M | -40.5% |
| Depreciation & amortisation | $2.00K | $1.00K | $2.00K | $1.31K | $24.00K | +100.0% |
| Stock-based compensation | $1.12M | $1.30M | $215.00K | $1.33M | $1.19M | -13.8% |
| Change in working capital | -$7.02M | $4.86M | -$6.40M | -$141.76K | -$7.70M | -244.4% |
| Operating cash flow | -$12.53M | -$707.00K | -$13.80M | -$6.43M | -$14.30M | -1,672.4% |
| Capital expenditure | -$42.69M | -$34.21M | -$27.49M | -$24.31M | -$36.93M | -24.8% |
| Investing cash flow | -$46.25M | -$38.11M | -$28.43M | -$25.09M | -$37.88M | -21.4% |
| Financing cash flow | $60.55M | $95.56M | $37.94M | $52.71M | $16.98M | -36.6% |
| Free cash flow | -$55.22M | -$34.92M | -$41.28M | -$30.74M | -$51.23M | -58.1% |
| End cash position | $101.92M | $98.42M | $39.56M | $45.16M | $25.64M | +3.5% |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Mar 2026 | -0.34 | -0.39 | -14.9% |
| Dec 2025 | -0.36 | -0.27 | +24.4% |
| Sep 2025 | -0.29 | -0.36 | -25.2% |
| Jun 2025 | -0.29 | -0.60 | -110.6% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | -0.15 | 2 | $3.40M | 0.0% |
| Next quarter | -0.12 | 2 | $6.95M | 0.0% |
| Current year | -1.10 | 3 | $1.70M | 0.0% |
| Next year | -0.43 | 4 | $76.84M | +4,421.2% |
Analyst targets & ownership
Mean target$55.17
High target$66.00
Low target$45.00
Implied upside45.29%
Analyst count6
ConsensusNONE
Strong buy / Buy1 / 5
Hold0
Sell / Strong sell0 / 0
Held by insiders20.44%
Held by institutions38.40%
Institutions holding119
Price targets, consensus spread, insider and institutional ownership.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| May 21, 26 | Roth Capital | INITIATED | — | Buy |
| Apr 29, 26 | RBC Capital | UPGRADE | Sector Perform | Outperform |
| Mar 31, 26 | Piper Sandler | MAINTAINED | Overweight | Overweight |
| Mar 30, 26 | Wells Fargo | MAINTAINED | Overweight | Overweight |
| Jul 9, 25 | RBC Capital | MAINTAINED | Sector Perform | Sector Perform |
| May 28, 25 | Northland Capital Markets | INITIATED | — | Outperform |
Moving averages & technicals
SMA 10
36.97
+2.70% from price
SMA 20
34.85
+8.96% from price
SMA 50
33.87
+12.09% from price
SMA 100
35.16
+8.00% from price
SMA 200
31.44
+20.77% from price
EMA 12
36.50
+4.04% from price
EMA 26
35.19
+7.91% from price
EMA 50
34.53
+9.98% from price
RSI (14)
68.7
Neutral
MACD (12,26,9)
1.31
Hist 0.39
ATR (14)
1.30
3.42% of price
Realised vol 30D
37.2%
Annualised
Bollinger upper
39.38
20, 2σ
Bollinger lower
30.31
20, 2σ
50 / 200 cross
Golden
33.87 vs 31.44
Trend bias
Above 200
+20.77%
Risk profile
Beta vs SPY
-0.11
Less volatile than market
Correlation to SPY
-0.02
Largely independent
Realised vol 30D
37.2%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-38.1%
Peak to trough
Max drawdown 5Y
-38.6%
Peak to trough
ATR 14
1.30
3.42% of price
Beta (reported)
0.27
5Y monthly, from filing
SEC filings
Corporate Changes & Voting Matters
8-K/A · 2026-08-07
Offering Registrations
S-8 · 2026-06-08
Corporate Changes & Voting Matters
8-K · 2026-05-28
Corporate Changes & Voting Matters
8-K · 2026-05-13
Corporate Changes & Voting Matters
8-K · 2026-05-04
Corporate Changes & Voting Matters
8-K · 2026-04-15
Corporate Changes & Voting Matters
8-K · 2026-04-14
Corporate Changes & Voting Matters
8-K · 2026-04-09
Headlines
Tamboran Resources receives 113% upside valuation from H&P Research
Proactive · 33d ago
Sector Update: Energy Stocks Rise Late Afternoon
MT Newswires · 33d ago
Sector Update: Energy Stocks Rise Monday Afternoon
MT Newswires · 33d ago
Tamboran Resources Completes Stimulation of Three Wells in Australia's Beetaloo Basin
MT Newswires · 33d ago
Tamboran Successfully Completes Largest Beetaloo Basin Stimulation Program
Business Wire · 34d ago
Tamboran completes Largest Beetaloo stimulation campaign as first gas target nears
Proactive · 34d ago
Assessing Tamboran Resources (ASX:TBN) Valuation After Recent Share Price Swings
Simply Wall St. · 74d ago
Tamboran completes $173m Falcon acquisition after court approval
Offshore Technology · 82d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
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