Tamboran Resources Q4FY26 Results: Delivers first gas sales, raises $186M

Tamboran Resources (NYSE:TBN) reported Q4 2026 earnings, highlighting first gas sales from the Beetaloo Basin, generating royalties and jobs. The company is in the commissioning phase of a gas sales agreement, with plans for 40 terajoules per day supply. They completed a major stimulation campaign using local sand, potentially reducing well completion costs. Construction of the Sturt Plateau compression facility was completed under budget.

Tamboran Resources Corp (TBN) filed an SEC Form 8-K — Results of Operations and Financial Condition. ` NYSE: TBN, ASX: TBN 4Q FY26 Result Presentation Mr. Todd Abbott – Chief Executive Officer September 25, 2026 The information in this presentation includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities A

Tamboran Resources (NYSE: TBN) began gas commissioning at its Shenandoah South development, targeting first sales to the Northern Territory Government. The Sturt Plateau Compression Facility, a joint venture, is on schedule and within budget. Tamboran also plans to extend its partnership with Liberty Energy (NYSE: LBRT) for up to five years for hydraulic fracture stimulation services.

H&P Research assigned Tamboran Resources (TBN) a risked valuation implying 113% upside, keeping risked NAV at US$67 per TBN share (A$0.47 per ASX CDI) versus a higher market price. It cited completion of a record Beetaloo Basin stimulation campaign, reduced execution risk, and catalysts including first gas in Sep 2026 and possible Orion farm-out. H&P set unrisked value at >US$7.1B and risked at ~US$2.4B.

Tamboran Resources (NYSE:TBN) shares opened higher after closing at $32.62, gapping up to $34.29 and last trading at $34.86 on Thursday with 8,631 shares traded. Analysts cited new targets: Roth Mkm $47 (buy), Piper Sandler $74 (overweight), Wells Fargo $58 (overweight), RBC $55 (outperform), while Weiss rated sell (d). The company reported May 13 EPS of ($0.42), below consensus of ($0.36).

Tamboran Resources has completed its acquisition of Falcon Oil & Gas Ltd’s subsidiaries after final court approval from the Supreme Court of British Columbia. The deal adds about 2.8 million net prospective acres in the Beetaloo Basin depocenter, making Tamboran the largest acreage holder in the Northern Territory gas region. Tamboran issued 6,537,503 shares; it has 34,856,412 shares outstanding and a pro forma market cap of about US$1.2 billion.