Tamboran Resources Corp
TBNEnergy·Oil & Gas E&P·Australia·Small·NYSE·Nov 11 • 2:24 PM ET
28.43-0.10 (-0.36%)
2026-11-11 20:25 CET
Market cap
997.41 USD m
Revenue, TTM
0.00 USD m
Net income, TTM
-26.07 USD m
Free cash flow, TTM
-84.46 USD m
EPS diluted, TTM
-1.27
P/E
-
Price
TBN against its 20, 50 and 200-day averages2050200beatearnings
45.6% under the 52-week high of 52.21 on 31 Mar 2026. 52-week low 22.34 on 25 Nov 2025. Last 15 sessions, 18.7% high to low
Profile
TBN52-week range, 20% of the way up
22.3352.21
Tamboran Resources Corp. engages in natural gas exploration and production. It focuses on the commercial development of the natural gas resources in the Beetaloo located within the Northern Territory of Australia. The company was founded by Patrick James Dymock Elliott in 2009 and is headquartered in Sydney, Australia.
| Employees | 47 |
|---|---|
| IPO | Jun 27, 2024 |
| Beta | -1.74 |
| ATR, 14d | 1.50 |
| Rel volume | 0.56 |
| Short float | 1.62% |
| Insider own | 24.90% |
| Inst own | 37.24% |
Snapshot
6 groupsValuation
| Index | - |
|---|---|
| Market Cap | 993.83M |
| Enterprise Value | 1.02B |
| Income | -26.07M |
| Sales | 0.00M |
| Book/sh | 22.83 |
| Cash/sh | 6.61 |
| Dividend Est. | - |
| Dividend TTM | - |
| Dividend Ex-Date | - |
| Dividend Gr. 3/5Y | - - |
| Payout | - |
| Employees | 47 |
| IPO | Jun 27, 2024 |
Ratios
| P/E | - |
|---|---|
| Forward P/E | - |
| PEG | - |
| P/S | - |
| P/B | 1.25 |
| P/C | 4.30 |
| P/FCF | - |
| EV/EBITDA | - |
| EV/Sales | - |
| Quick Ratio | 2.61 |
| Current Ratio | 2.61 |
| Debt/Eq | 0.11 |
| LT Debt/Eq | 0.09 |
| Option/Short | No / Yes |
Earnings
| EPS (ttm) | -1.27 |
|---|---|
| EPS next Y | -67.04 |
| EPS next Q | -6.02 |
| EPS this Y | 93.40% |
| EPS next Y | -337.43% |
| EPS next 5Y | - |
| EPS past 3/5Y | 39.70% 26.30% |
| Sales past 3/5Y | - - |
| EPS Y/Y TTM | 49.49% |
| Sales Y/Y TTM | - |
| EPS Q/Q | 91.79% |
| Sales Q/Q | - |
| Earnings | Nov 12 AMC |
| EPS/Sales Surpr. | -36.80% -100.00% |
Ownership
| Insider Own | 24.90% |
|---|---|
| Insider Trans | 0.00% |
| Inst Own | 37.24% |
| Inst Trans | 335.53% |
| ROA | -3.26% |
| ROE | -4.81% |
| ROIC | -3.02% |
| Gross Margin | - |
| Oper. Margin | - |
| Profit Margin | - |
| SMA20 | -4.52% |
| SMA50 | -15.69% |
| SMA200 | -16.30% |
| Trades | - |
Technical
| Shs Outstand | 34.87M |
|---|---|
| Shs Float | 26.25M |
| Short Float | 1.62% |
| Short Ratio | 2.54 |
| Short Interest | 0.43M |
| 52W High | 52.21 -45.55% |
| 52W Low | 22.33 27.28% |
| Volatility | 4.49% 5.65% |
| ATR (14) | 1.50 |
| RSI (14) | 36.20 |
| Beta | -1.74 |
| Rel Volume | 0.56 |
| Avg Volume | 167.50K |
| Volume | 72,300 |
Performance
| Perf Week | 1.17% |
|---|---|
| Perf Month | -21.19% |
| Perf Quarter | -20.73% |
| Perf Half Y | -23.79% |
| Perf YTD | 4.40% |
| Perf Year | 14.35% |
| Perf 3Y | - |
| Perf 5Y | - |
| Perf 10Y | - |
| Recom | 1.00 |
| Target Price | 60.12 |
| Prev Close | 28.53 |
| Price | 28.43 |
| Change % | -0.36% |
Analyst ratings
latest 9 of 9| Date | Action | Analyst | Rating change | Target | Implied |
|---|---|---|---|---|---|
| May 21, 2026 | Initiated | RRoth Capital | Buy | $47 | +65.3% |
| Apr 29, 2026 | Upgrade | RRBC Capital Mkts | Sector Perform → Outperform | $55 | +93.5% |
| Dec 02, 2025 | Initiated | WWells Fargo | Overweight | $35 | +23.1% |
| May 28, 2025 | Initiated | NNorthland Capital | Outperform | $36 | +26.6% |
| Jan 21, 2025 | Initiated | AAlliance Global Partners | Buy | $32 | +12.6% |
| Jul 23, 2024 | Initiated | JJohnson Rice | Buy | $47 | +65.3% |
| Jul 22, 2024 | Initiated | RRBC Capital Mkts | Sector Perform | $31 | +9.0% |
| Jul 22, 2024 | Initiated | PPiper Sandler | Overweight | $41 | +44.2% |
| Jul 22, 2024 | Initiated | CCitigroup | Buy | $32 | +12.6% |
Peers
Mkt capInsider trading
3 filings| Insider | Relationship | Date | Transaction | Cost | Shares | Value | Total held | Form |
|---|---|---|---|---|---|---|---|---|
| PACE PHILLIP Z | Director | Apr 13 '26 | Buy | 36.99 | 10,000 | 369,865 | 35,809 | Apr 15 07:46 PM |
| SHEFFIELD SCOTT D | Director | Apr 08 '26 | Buy | 36.02 | 6,990 | 251,774 | 292,430 | Apr 10 04:30 PM |
| PACE PHILLIP Z | Director | Nov 21 '25 | Buy | 23.50 | 2,000 | 47,000 | 2,000 | Nov 25 09:00 PM |
Held by
AUM| Ticker | Company | AUM |
|---|---|---|
| CSEN | Cohen& Steers Future of Energy Active ETF | AUM: 154.44M |
| AVSC | Avantis U.S Small Cap Equity ETF | AUM: 3.23B |
| CSNR | Cohen & Steers Natural Resources Active ETF | AUM: 123.44M |
| GWX | State Street SPDR S&P International Small Cap ETF | AUM: 906.57M |
| ISCG | iShares Morningstar Small-Cap Growth ETF | AUM: 961.55M |
| FENY | Fidelity MSCI Energy Index ETF | AUM: 2.10B |
| AIMS | Acuitas Small Cap Active ETF | AUM: 82.88M |
| TILT | Northern Trust Morningstar US Market Factor Tilt ETF | AUM: 2.18B |
| WSML | iShares MSCI World Small-Cap ETF | AUM: 672.84M |
News
latest 14 of 180- Todd Abbott appointed as Managing Director and Chief Executive Officer (Business Wire)
- Tamboran Resources appoints Todd Abbott managing director as Beetaloo moves into development (Proactive)
- How U.S. know-how is fracking Australia into a gas boom, from Texas oilmen to Trumps energy secretary (Fortune)
- Tamboran Delivers First Gas Sales From the Beetaloo Basin (Business Wire)
- Tamboran Resources delivers first Beetaloo gas sales as Shenandoah South enters commissioning (Proactive)
- Tamboran Resources starts Beetaloo gas commissioning and moves to extend Liberty Energy partnership (Proactive) +5.15%
- Tamboran Resources Corporation Announces Commencement of SPCF Commissioning Activities (Business Wire)
- Tamboran Resources approaches production inflection point as Australias gas squeeze deepens (Proactive)
- Tamboran Resources receives 113% upside valuation from H&P Research (Proactive)
- Tamboran Successfully Completes Largest Beetaloo Basin Stimulation Program (Business Wire)
- Tamboran completes Largest Beetaloo stimulation campaign as first gas target nears (Proactive)
- Tamboran completes $173m Falcon acquisition after court approval (Offshore Technology)
- Tamboran completes Falcon subsidiaries acquisition to build Beetaloo Basin position (Proactive)
- Tamboran Completes Acquisition of Subsidiaries of Falcon Oil & Gas Ltd. (Business Wire)
Quarterly earnings
actual against estimate| Period | Reported | EPS act | EPS est | EPS rep | Sales act | Sales est | Analysts |
|---|---|---|---|---|---|---|---|
| 2027Q1 | 2026-11-12 | - | -6.017 | - | - | 5.80 | 5 |
| 2026Q4 | 2026-09-25 | -24.000 | -17.544 | -13.000 | 0.00 | 4.60 | 5 |
| 2026Q3 | 2026-05-13 | -84.000 | -47.719 | -0.420 | 0.00 | 2.40 | 4 |
| 2026Q2 | 2026-02-10 | -64.762 | -45.118 | -0.330 | 0.00 | 1.50 | 4 |
| 2026Q1 | 2025-11-12 | -93.400 | -63.563 | -0.467 | 0.00 | 0.00 | 4 |
| 2025Q4 | 2025-09-24 | -138 | -75.500 | -0.653 | 0.00 | 0.00 | 4 |
| 2025Q3 | 2025-05-15 | -91.600 | -87.335 | -0.458 | 0.00 | 0.00 | 4 |
| 2025Q2 | 2025-02-12 | -197.4 | -98.233 | -0.988 | 0.00 | 0.00 | 3 |
| 2025Q1 | 2024-11-11 | -41.700 | -100.2 | -0.417 | 0.00 | 0.00 | 2 |
| 2024S1 | 2024-03-15 | -1.404 | - | - | - | - | - |
| 2027Q2 | - | - | -4.793 | - | - | 12.32 | 5 |
| 2027Q3 | - | - | -6.245 | - | - | 14.58 | 4 |
| 2027Q4 | - | - | -6.059 | - | - | 16.18 | 4 |
| 2028Q1 | - | - | -9.579 | - | - | 12.00 | 4 |
| 2028Q2 | - | - | -12.994 | - | - | 12.00 | 4 |
| 2028Q3 | - | - | -17.809 | - | - | - | 3 |
Annual earnings
| Period | EPS act | EPS est | EPS rep | Sales act | Sales est |
|---|---|---|---|---|---|
| 2023FY | -4.453 | -2.802 | -5.293 | 0.00 | 0.00 |
| 2024FY | -463.8 | -326.68 | -1.575 | 0.00 | 0.00 |
| 2025FY | -493.96 | -331.27 | -2.517 | 0.00 | 0.00 |
| 2026FY | -232.2 | -251.5 | -232 | 2.30 | 3.29 |
| 2027FY | - | -15.326 | - | - | 52.05 |
| 2028FY | - | -67.042 | - | - | 64.63 |
| 2029FY | - | 1,170 | - | - | 629.99 |
| 2030FY | - | 347.45 | - | - | 460.13 |
| 2031FY | - | 38.000 | - | - | 821 |
Estimate revisions
last 14 periods| Period | Type | Date | Estimates | Up | Down | Mean | Low | High |
|---|---|---|---|---|---|---|---|---|
| 2027Q1 | S | 2026-10-23 | 5 | 2 | 2 | 5.80 | 0.00 | 14.60 |
| 2027Q1 | S | 2026-10-09 | 5 | 2 | 1 | 7.80 | 0.00 | 14.60 |
| 2027Q1 | S | 2026-10-05 | 5 | 1 | 2 | 7.40 | 0.00 | 14.60 |
| 2027Q1 | S | 2026-09-28 | 5 | 1 | 3 | 7.40 | 0.00 | 14.60 |
| 2027Q1 | S | 2026-09-25 | 5 | 1 | 3 | 7.40 | 0.00 | 14.60 |
| 2027Q1 | S | 2026-09-20 | 5 | 1 | 2 | 7.60 | 0.00 | 14.60 |
| 2027Q1 | S | 2026-09-08 | 5 | 1 | 3 | 7.60 | 0.00 | 14.60 |
| 2027Q1 | S | 2026-09-03 | 5 | 0 | 3 | 7.26 | 0.00 | 12.90 |
| 2027Q1 | S | 2026-08-11 | 5 | 0 | 2 | 7.96 | 0.00 | 13.90 |
| 2027Q1 | S | 2026-08-01 | 5 | 0 | 3 | 7.96 | 0.00 | 13.90 |
| 2027Q1 | S | 2026-07-22 | 5 | 1 | 3 | 7.96 | 0.00 | 13.90 |
| 2027Q1 | S | 2026-07-07 | 5 | 1 | 2 | 12.86 | 1.00 | 24.50 |
| 2027Q1 | S | 2026-05-28 | 5 | 1 | 1 | 13.26 | 3.00 | 24.50 |
| 2027Q1 | S | 2026-05-20 | 5 | 1 | 0 | 13.52 | 3.00 | 24.50 |
Estimate history
| EPS, annual | -0.98 | -3.303 | -2.923 | -5.34 | -2.212 | -5.293 | -1.575 | -2.517 | -1.161 |
|---|---|---|---|---|---|---|---|---|---|
| Period | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
| EPS, quarterly | -0.417 | -0.988 | -0.458 | -0.653 | -0.467 | -0.33 | -0.42 | -0.054 | |
| Period | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | |
| Sales, annual | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Period | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
| Sales, quarterly | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Period | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | |
| Shares, annual | 3.327 | 3.327 | 3.327 | 3.327 | 3.737 | 7.08 | 13.916 | 16.717 | 34.873 |
| Period | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
| Shares, quarterly | 14.224 | 14.537 | 14.537 | 16.717 | 17.821 | 21.115 | 22.667 | 34.873 | |
| Period | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 |
Income statement, annual
| Metric | TTM | 2026FY | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY | 2019FY |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Goods Sold Incl. D&A | 1.25 | 1.25 | 1.13 | 1.01 | 0.72 | 0.41 | 0.33 | 0.09 | 0.01 |
| Gross Profit | -1.25 | -1.25 | -1.13 | -1.01 | -0.72 | -0.41 | -0.33 | -0.09 | -0.01 |
| Selling, General and Administrative Excl. Other | 28.89 | 28.89 | 37.81 | 19.48 | 18.72 | 7.82 | 12.99 | 8.21 | 2.31 |
| Research and Development | 0.12 | 0.12 | 6.04 | - | - | - | - | - | - |
| Other Operating Expense | 2.53 | 2.53 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -32.67 | -32.67 | -38.94 | -20.49 | -19.43 | -8.22 | -13.33 | -8.31 | -2.31 |
| Interest Expense | - | - | - | - | 0.06 | 0.04 | 3.49 | 2.43 | 8.44 |
| Unusual Expense | 0.00 | 0.00 | 0.00 | 3.92 | 0.00 | 0.00 | 0.50 | -1.32 | 0.00 |
| Net Income Before Taxes | -30.50 | -30.50 | -39.62 | -23.85 | -32.20 | -7.83 | -17.76 | -9.72 | -10.99 |
| Income Taxes | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Consolidated Net Income | -30.50 | -30.50 | -39.62 | -23.85 | -32.20 | -7.83 | -17.76 | -9.72 | -10.99 |
| Net Income From Continuing Operations | -26.07 | -26.07 | -36.90 | -21.92 | -32.03 | -7.83 | -17.76 | -9.72 | -10.99 |
| Net Income | -26.07 | -26.07 | -36.90 | -21.92 | -32.03 | -7.83 | -17.76 | -9.72 | -10.99 |
| EPS (Recurring) | -0.75 | -1.16 | -2.52 | -1.38 | -5.29 | -2.21 | -5.23 | -3.20 | -3.30 |
| EPS (Basic, Before Extraordinaries) | -1.27 | -1.16 | -2.52 | -1.58 | -5.29 | -2.21 | -5.34 | -2.92 | -3.30 |
| EPS (Diluted) | -1.27 | -1.16 | -2.52 | -1.58 | -5.29 | -2.21 | -5.34 | -2.92 | -3.30 |
| EBITDA | -31.42 | -31.42 | -37.81 | -19.48 | -18.72 | -7.82 | -12.99 | -8.21 | -2.31 |
| Non-Operating Income (Expense) | 2.48 | 2.17 | -0.68 | 0.56 | -12.76 | 0.43 | -0.45 | -0.31 | -0.24 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 7.71 | 7.71 | 6.30 | 0.56 | 0.91 | 1.06 | 3.31 | 0.33 | 0.22 |
| Shares Outstanding | 34.87 | 34.87 | 16.72 | 13.92 | 7.08 | 3.74 | 3.33 | 3.33 | 3.33 |
| Market Capitalization | 997.41 | 997.41 | 356.41 | 231.78 | 231.78 | - | - | - | - |
Income statement, quarterly
| Metric | 2026Q4 | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Goods Sold Incl. D&A | 0.34 | 0.33 | 0.29 | 0.29 | 0.27 | 0.30 | 0.27 | 0.29 |
| Gross Profit | -0.34 | -0.33 | -0.29 | -0.29 | -0.27 | -0.30 | -0.27 | -0.29 |
| Selling, General and Administrative Excl. Other | 8.71 | 7.42 | 6.48 | 6.29 | 8.25 | 8.50 | 14.74 | 6.31 |
| Research and Development | -0.23 | 0.03 | 0.14 | 0.19 | 0.82 | 1.98 | 3.23 | - |
| Other Operating Expense | -0.75 | 0.63 | 1.02 | 1.63 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -8.29 | -8.37 | -7.80 | -8.21 | -8.52 | -8.80 | -15.01 | -6.60 |
| Interest Expense | - | - | - | 0.31 | - | - | - | - |
| Unusual Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income Before Taxes | -3.26 | -10.62 | -7.56 | -9.06 | -9.19 | -8.17 | -15.50 | -6.76 |
| Income Taxes | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Consolidated Net Income | -3.26 | -10.62 | -7.56 | -9.06 | -9.19 | -8.17 | -15.50 | -6.76 |
| Net Income From Continuing Operations | -1.87 | -9.41 | -6.61 | -8.18 | -10.18 | -6.66 | -14.17 | -5.89 |
| Net Income | -1.87 | -9.41 | -6.61 | -8.18 | -10.18 | -6.66 | -14.17 | -5.89 |
| EPS (Recurring) | -0.05 | -0.42 | -0.33 | -0.47 | -0.65 | -0.46 | -0.99 | -0.42 |
| EPS (Basic, Before Extraordinaries) | -0.05 | -0.42 | -0.33 | -0.47 | -0.65 | -0.46 | -0.99 | -0.42 |
| EPS (Diluted) | -0.05 | -0.42 | -0.33 | -0.47 | -0.65 | -0.46 | -0.99 | -0.42 |
| EBITDA | -7.95 | -8.04 | -7.51 | -7.92 | -8.25 | -8.50 | -14.74 | -6.31 |
| Non-Operating Income (Expense) | 5.03 | -2.24 | 0.25 | -0.55 | -0.67 | 0.63 | -0.49 | -0.15 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 4.58 | 1.47 | 1.05 | 0.62 | 6.16 | 0.14 | - | 1.13 |
| Shares Outstanding | 34.87 | 22.67 | 21.12 | 17.82 | 16.72 | 14.54 | 14.54 | 14.22 |
| Market Capitalization | 997.41 | 1,131.75 | 572.69 | 487.93 | 356.41 | 348.74 | 298.57 | 289.04 |
Balance sheet, annual
| Metric | 2026FY | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY | 2019FY | 2018FY |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 231.10 | 45.16 | 74.75 | 7.06 | 18.44 | 47.36 | 3.85 | - | 1.28 |
| Short Term Receivables | 5.64 | 9.63 | 11.01 | 0.83 | 1.99 | 0.33 | 0.34 | - | 0.02 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | - | 0.00 |
| Other Current Assets | 6.46 | 1.90 | 11.58 | 9.14 | 0.68 | 0.04 | 0.02 | - | 0.00 |
| Total Current Assets | 243.19 | 56.70 | 97.33 | 17.02 | 21.11 | 47.73 | 4.21 | - | 1.30 |
| Net Property, Plant & Equipment | 90.08 | 42.84 | 29.30 | 0.66 | 11.97 | 1.55 | 2.27 | - | 0.01 |
| Total Investments and Advances | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | - | 0.00 |
| Intangible Assets | - | - | - | 0.29 | 0.30 | - | 0.00 | - | 0.00 |
| Other Assets | 820.71 | 346.92 | 232.01 | 165.17 | 58.82 | 35.23 | 10.79 | - | 1.04 |
| Total Assets | 1,153.98 | 446.46 | 358.64 | 182.85 | 92.19 | 84.51 | 17.27 | - | 2.35 |
| Short Term Debt Incl. Current Port. of LT Debt | 16.31 | 15.70 | 13.17 | 0.28 | 0.27 | 0.27 | 0.20 | - | 0.00 |
| Accounts Payable | 27.15 | 5.71 | 6.62 | 4.21 | 0.59 | 4.29 | 2.59 | - | 0.34 |
| Other Current Liabilities | 49.61 | 15.20 | 8.21 | 10.27 | 2.31 | 0.68 | 0.33 | - | 0.44 |
| Total Current Liabilities | 93.06 | 36.61 | 28.00 | 14.75 | 3.17 | 5.24 | 3.12 | - | 0.78 |
| Long Term Debt | 68.42 | 10.70 | 14.73 | 0.20 | 0.50 | 0.84 | 1.57 | - | 0.00 |
| Provision for Risks Charges | 22.14 | 9.65 | 8.14 | 7.18 | 0.09 | 0.08 | 0.04 | - | 0.03 |
| Other Liabilities | 0.81 | 0.06 | 0.09 | 0.14 | 0.00 | 0.00 | 39.79 | - | 9.90 |
| Total Liabilities | 184.42 | 57.01 | 50.96 | 22.27 | 3.76 | 6.16 | 44.53 | - | 10.71 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | - | 0.00 |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | - | 0.00 |
| Common Equity | 796.22 | 287.72 | 262.72 | 139.53 | 88.44 | 78.35 | -27.26 | - | -8.36 |
| Total Shareholders Equity | 796.22 | 287.72 | 262.72 | 139.53 | 88.44 | 78.35 | -27.26 | - | -8.36 |
| Accumulated Minority Interest | 173.34 | 101.73 | 44.97 | 21.05 | 0.00 | 0.00 | 0.00 | - | 0.00 |
| Total Equity | 969.56 | 389.45 | 307.69 | 160.58 | 88.44 | 78.35 | -27.26 | - | -8.36 |
| Total Liabilities & Stockholders Equity | 1,153.98 | 446.46 | 358.64 | 182.85 | 92.19 | 84.51 | 17.27 | - | 2.35 |
| Book Value Per Share | 22.83 | 17.21 | 18.88 | 19.71 | 23.67 | 23.55 | -8.19 | - | -2.51 |
| Tangible Book Value Per Share | 22.83 | 17.21 | 18.88 | 19.71 | 23.59 | 23.55 | -8.19 | - | -2.51 |
| Full-Time Employees | 47 | 47 | 39 | 30 | - | 11 | 1 | - | - |
| Price to Book Ratio | 1.25 | 1.29 | 1.13 | 1.13 | - | - | - | - | - |
| Return on Assets | -3.26 | -9.17 | -8.29 | -23.29 | -8.87 | -34.91 | - | - | - |
| Return on Equity | -4.81 | -13.41 | -10.70 | -28.10 | -9.39 | -69.53 | - | - | - |
| Return on Invested Capital | -3.02 | -12.37 | -7.90 | -22.92 | -8.81 | -22.43 | - | - | - |
| Quick Ratio | 2.61 | 1.55 | 3.48 | 1.15 | 6.66 | 9.10 | 1.35 | - | 1.68 |
| Current Ratio | 2.61 | 1.55 | 3.48 | 1.15 | 6.66 | 9.10 | 1.35 | - | 1.68 |
Cash flow, annual
| Metric | TTM | 2026FY | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY | 2019FY |
|---|---|---|---|---|---|---|---|---|---|
| Net Income | -31.93 | -30.50 | -39.62 | -23.85 | -32.20 | -7.83 | -17.76 | -9.72 | - |
| Depreciation | 1.31 | 1.25 | 1.13 | 1.01 | 0.72 | 0.41 | 0.33 | 0.09 | - |
| Other Funds (Non Cash) | -1.26 | -1.21 | 10.85 | 1.64 | 13.36 | 0.73 | 10.92 | 1.57 | - |
| Funds from Operations | -31.88 | -30.45 | -27.65 | -21.19 | -18.11 | -6.70 | -6.51 | -8.06 | -2.44 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -13.10 | -12.51 | -4.79 | 6.94 | 5.31 | -1.32 | 0.08 | 2.07 | - |
| Cash from Operating Activities | -44.98 | -42.96 | -32.44 | -14.25 | -12.80 | -8.02 | -6.44 | -5.98 | -2.44 |
| Capital Expenditures | -156.77 | -149.73 | -110.13 | -63.70 | -113.36 | -39.81 | -9.85 | -8.02 | -2.20 |
| Net Assets From Acquisitions | -12.72 | -12.15 | 0.00 | 0.00 | 0.00 | -0.75 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 78.02 | 74.52 | 69.90 | 17.65 | 27.64 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase or Sale of Investments | 0.00 | 0.00 | 0.00 | 0.00 | -0.81 | -0.15 | 0.00 | 0.00 | 0.00 |
| Purchase of Investments | 0.00 | 0.00 | 0.00 | 0.00 | -0.81 | -0.15 | 0.00 | 0.00 | 0.00 |
| Sale Or Maturity of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Uses | -18.25 | -17.44 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Sources | 0.13 | 0.12 | 6.17 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | -109.59 | -104.68 | -34.06 | -46.05 | -86.53 | -40.70 | -9.85 | -8.02 | -2.20 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 304.65 | 290.98 | 47.45 | 134.65 | 85.24 | 22.83 | 59.39 | 0.04 | 22.35 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 304.65 | 290.98 | 47.45 | 134.65 | 85.24 | 22.83 | 59.39 | 0.04 | 22.35 |
| Proceedsfrom Stock Options | 304.65 | 290.98 | 47.45 | 134.65 | 85.24 | 22.83 | 59.14 | 0.00 | 22.35 |
| Issuance or Reduction of Debt, Net | 57.86 | 55.26 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Long Term Debt | 57.86 | 55.26 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Issuance of Long Term Debt | 57.86 | 55.26 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Reduction of Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Financing Active Other Cash Flow | -0.28 | -0.27 | -0.54 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Financing Activities Uses | -0.28 | -0.27 | -0.54 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Financing Activities | 353.61 | 337.75 | 39.15 | 129.18 | 85.24 | 22.56 | 59.16 | -0.02 | 22.35 |
| Exchange Rate Effect | -4.37 | -4.17 | -2.24 | -1.19 | 2.67 | -0.15 | - | - | - |
| Net Change in Cash | 194.67 | 185.94 | -29.58 | 67.69 | -11.41 | -26.31 | 42.87 | -14.02 | 17.71 |
| Free Cash Flow | -84.46 | -80.67 | -48.36 | -17.77 | -21.40 | -19.07 | -6.45 | -6.49 | -2.44 |
| Preferred Dividends (Cash Flow) | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Taxes & Investment Tax Credit | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | - |
Balance sheet, quarterly
| Metric | 2026Q4 | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 |
|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 231.10 | 101.92 | 98.42 | 39.56 | 45.16 | 25.64 |
| Short Term Receivables | 5.64 | 6.83 | 4.11 | 4.21 | 9.63 | 9.37 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 6.46 | 9.36 | 3.83 | 2.70 | 1.90 | 2.94 |
| Total Current Assets | 243.19 | 118.11 | 106.36 | 46.46 | 56.70 | 37.95 |
| Net Property, Plant & Equipment | 90.08 | 80.16 | 69.66 | 53.56 | 42.84 | 19.84 |
| Total Investments and Advances | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 820.71 | 473.80 | 424.53 | 384.15 | 346.92 | 323.74 |
| Total Assets | 1,153.98 | 672.06 | 600.56 | 484.16 | 446.46 | 381.52 |
| Short Term Debt Incl. Current Port. of LT Debt | 16.31 | 16.27 | 14.54 | 17.25 | 15.70 | 14.00 |
| Accounts Payable | 27.15 | 18.62 | 3.53 | 4.49 | 5.71 | 4.04 |
| Other Current Liabilities | 49.61 | 24.21 | 34.89 | 28.57 | 15.20 | 16.33 |
| Total Current Liabilities | 93.06 | 59.10 | 52.96 | 50.32 | 36.61 | 34.38 |
| Long Term Debt | 68.42 | 54.50 | 45.58 | 8.36 | 10.70 | 12.87 |
| Provision for Risks Charges | 22.14 | 11.05 | 10.46 | 10.05 | 9.65 | 8.87 |
| Other Liabilities | 0.81 | 0.84 | 0.81 | 0.07 | 0.06 | 0.07 |
| Total Liabilities | 184.42 | 125.48 | 109.80 | 68.80 | 57.01 | 56.19 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Common Equity | 796.22 | 395.55 | 358.86 | 295.15 | 287.72 | 239.85 |
| Total Shareholders Equity | 796.22 | 395.55 | 358.86 | 295.15 | 287.72 | 239.85 |
| Accumulated Minority Interest | 173.34 | 151.02 | 131.90 | 120.22 | 101.73 | 85.49 |
| Total Equity | 969.56 | 546.58 | 490.75 | 415.37 | 389.45 | 325.33 |
| Total Liabilities & Stockholders Equity | 1,153.98 | 672.06 | 600.56 | 484.16 | 446.46 | 381.52 |
| Book Value Per Share | 22.83 | 17.45 | 17.00 | 16.56 | 17.21 | 16.50 |
| Tangible Book Value Per Share | 22.83 | 17.45 | 17.00 | 16.56 | 17.21 | 16.50 |
| Full-Time Employees | 47 | - | - | - | 47 | - |
| Price to Book Ratio | 1.25 | 2.94 | 1.64 | 1.59 | 1.29 | 1.43 |
| Return on Assets | -3.26 | -6.53 | -6.57 | -9.06 | - | - |
| Return on Equity | -4.81 | -10.82 | -10.50 | -13.73 | - | - |
| Return on Invested Capital | -0.22 | -2.09 | -1.64 | -2.70 | -3.41 | -2.63 |
| Quick Ratio | 2.61 | 2.00 | 2.01 | 0.92 | 1.55 | 1.10 |
| Current Ratio | 2.61 | 2.00 | 2.01 | 0.92 | 1.55 | 1.10 |
Cash flow, quarterly
| Metric | 2026Q4 | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 |
|---|---|---|---|---|---|---|
| Net Income | -3.58 | -11.70 | -7.59 | -9.06 | -9.81 | -7.43 |
| Depreciation | 0.36 | 0.36 | 0.30 | 0.29 | 0.29 | 0.28 |
| Other Funds (Non Cash) | -0.55 | 1.19 | -2.33 | 0.43 | 2.05 | 0.14 |
| Funds from Operations | -3.78 | -10.14 | -9.62 | -8.34 | -7.48 | -7.02 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -4.18 | -7.37 | 4.86 | -6.40 | -0.25 | -7.51 |
| Cash from Operating Activities | -7.96 | -17.51 | -4.76 | -14.75 | -7.73 | -14.52 |
| Capital Expenditures | -48.12 | -46.83 | -34.32 | -27.49 | -26.07 | -34.65 |
| Net Assets From Acquisitions | -12.72 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 20.36 | 21.17 | 5.55 | 30.94 | 14.64 | 16.72 |
| Purchase or Sale of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale Or Maturity of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Uses | -18.25 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Sources | 0.00 | 0.00 | 0.12 | 0.00 | 0.15 | -0.13 |
| Cash from Investing Activities | -58.73 | -25.66 | -28.65 | 3.45 | -11.29 | -18.06 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Dividends (Cash Flow) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 195.19 | 35.46 | 63.65 | 10.35 | 40.26 | -0.14 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 195.19 | 35.46 | 63.65 | 10.35 | 40.26 | -0.14 |
| Proceedsfrom Stock Options | 195.19 | 35.46 | 63.65 | 10.35 | 40.26 | -0.14 |
| Issuance or Reduction of Debt, Net | 15.53 | 12.66 | 29.67 | 0.00 | 0.00 | 0.00 |
| Change in Long Term Debt | 15.53 | 12.66 | 29.67 | 0.00 | 0.00 | 0.00 |
| Issuance of Long Term Debt | 15.53 | 12.66 | 29.67 | 0.00 | 0.00 | 0.00 |
| Reduction of Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Financing Active Other Cash Flow | -0.00 | -0.01 | -0.00 | -0.27 | -0.01 | -0.14 |
| Other Financing Activities Uses | -0.00 | -0.01 | -0.00 | -0.27 | -0.01 | -0.14 |
| Cash from Financing Activities | 209.30 | 47.06 | 90.25 | 7.00 | 38.85 | -1.14 |
| Exchange Rate Effect | -7.01 | 1.83 | 2.13 | -1.31 | -1.66 | 1.38 |
| Net Change in Cash | 135.59 | 5.71 | 58.96 | -5.61 | 18.16 | -32.34 |
| Free Cash Flow | -21.79 | -28.68 | -11.62 | -22.37 | -12.15 | -19.15 |
Revenue breakdown
| Revenue split | - |
|---|
Short interest
shares short against float, oldest to newest| Settlement | Of float | Shares short | Float | Avg volume |
|---|---|---|---|---|
| 2026-10-30 | 1.62% | 0.4M | 26.3M | 154.77K |
| 2026-10-15 | 1.47% | 0.4M | 26.3M | 136.98K |
| 2026-09-30 | 1.72% | 0.5M | 26.3M | 133.71K |
| 2026-09-15 | 1.40% | 0.4M | 26.1M | 158.49K |
| 2026-08-31 | 1.99% | 0.5M | 26.1M | 176.22K |
| 2026-08-14 | 2.08% | 0.5M | 26.1M | 202.13K |
| 2026-07-31 | 3.88% | 1.1M | 27.4M | 209.57K |
| 2026-07-15 | 3.35% | 0.9M | 27.8M | 211.97K |
| 2026-06-30 | 4.66% | 1.2M | 26.1M | 260.87K |
| 2026-06-15 | 4.28% | 1.1M | 26.1M | 232.03K |
| 2026-05-29 | 4.36% | 1.1M | 25.2M | 197.75K |
| 2026-05-15 | 4.41% | 0.9M | 20.5M | 170.42K |
| 2026-04-30 | 4.63% | 0.9M | 18.9M | 154.56K |
| 2026-04-15 | 4.38% | 0.8M | 18.9M | 139.22K |
| 2026-03-31 | 4.21% | 0.7M | 16.9M | 75.19K |
| 2026-03-13 | 4.41% | 0.7M | 16.9M | 55.20K |
| 2026-02-27 | 3.17% | 0.5M | 16.9M | 51.38K |
| 2026-02-13 | 2.86% | 0.5M | 16.9M | 44.25K |
| 2026-01-30 | 2.86% | 0.5M | 16.6M | 44.34K |
| 2026-01-15 | 2.71% | 0.4M | 15.4M | 52.14K |
Option chain
expiry 2026-11-11| Type | Strike | Bid | Ask | Last | IV | Open int | Volume | Delta | Theta | Vega |
|---|---|---|---|---|---|---|---|---|---|---|
| No option chain for this symbol. | ||||||||||
Latest SEC filings
30| Filed | Form | Description | Period | Link |
|---|---|---|---|---|
| 2026-10-30 | ARS | Annual report to security holders. | 2026-06-30 | SEC |
| 2026-10-30 | DEF 14A | Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 | 2026-10-30 | SEC |
| 2026-10-20 | PRER14A | Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 | SEC | |
| 2026-10-19 | PRE 14A | Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 | 2026-10-15 | SEC |
| 2026-10-19 | 8-K | Current report | 2026-10-19 | SEC |
| 2026-09-29 | SCHEDULE 13D/A | SEC | ||
| 2026-09-25 | 10-K | Annual report pursuant to Section 13 or 15(d) | 2026-06-30 | SEC |
| 2026-09-25 | 8-K | Current report | 2026-09-25 | SEC |
| 2026-08-31 | 8-K | Current report | 2026-08-31 | SEC |
| 2026-08-13 | SCHEDULE 13G/A | SEC | ||
| 2026-08-13 | SCHEDULE 13G | SEC | ||
| 2026-08-07 | 8-K/A | 2026-05-28 | SEC | |
| 2026-07-29 | 4 | Statement of changes in beneficial ownership of securities | 2026-05-28 | SEC |
| 2026-06-08 | S-8 | Initial registration statement for securities to be offered to employees pursuant to employee benefit plans | SEC | |
| 2026-06-03 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-01 | SEC |
| 2026-06-03 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-01 | SEC |
| 2026-06-03 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-01 | SEC |
| 2026-06-03 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-01 | SEC |
| 2026-06-03 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-01 | SEC |
| 2026-06-03 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-01 | SEC |
| 2026-06-03 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-01 | SEC |
| 2026-06-03 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-01 | SEC |
| 2026-06-03 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-01 | SEC |
| 2026-05-28 | 8-K | Current report | 2026-05-28 | SEC |
| 2026-05-28 | 4 | Statement of changes in beneficial ownership of securities | 2026-05-26 | SEC |
| 2026-05-28 | 4 | Statement of changes in beneficial ownership of securities | 2026-05-26 | SEC |
| 2026-05-28 | 4 | Statement of changes in beneficial ownership of securities | 2026-05-26 | SEC |
| 2026-05-28 | 4 | Statement of changes in beneficial ownership of securities | 2026-05-26 | SEC |
| 2026-05-28 | 4 | Statement of changes in beneficial ownership of securities | 2026-05-26 | SEC |
| 2026-05-28 | 4 | Statement of changes in beneficial ownership of securities | 2026-05-26 | SEC |
Insider activity by month
| Month | Bought | Buys | Sold | Sells |
|---|---|---|---|---|
| 2026-11 | 0 | 0 | 0 | 0 |
| 2026-10 | 0 | 0 | 0 | 0 |
| 2026-09 | 0 | 0 | 0 | 0 |
| 2026-08 | 0 | 0 | 0 | 0 |
| 2026-07 | 0 | 0 | 0 | 0 |
| 2026-06 | 0 | 0 | 0 | 0 |
| 2026-05 | 0 | 0 | 0 | 0 |
| 2026-04 | 621.64K | 2 | 0 | 0 |
| 2026-03 | 0 | 0 | 0 | 0 |
| 2026-02 | 0 | 0 | 0 | 0 |
| 2026-01 | 0 | 0 | 0 | 0 |
| 2025-12 | 0 | 0 | 0 | 0 |
| 2025-11 | 47.00K | 1 | 0 | 0 |
Institutional holders
| Manager | % owned |
|---|---|
| HITE Hedge Asset Management LLC | 8.27% |
| GILDER GAGNON HOWE & CO LLC | 3.13% |
| Alberta Investment Management Corp | 2.46% |
| Cinctive Capital Management LP | 1.88% |
| Yaupon Capital Management LP | 1.79% |
| REAVES W H & CO INC | 1.76% |
| INGALLS & SNYDER LLC | 1.45% |
| UBS Group AG | 1.32% |
| HighTower Advisors, LLC | 1.31% |
| Ancient Art, L.P. | 1.25% |
Funds
| Fund | % owned |
|---|---|
| Reaves Utility Income Fund | 1.76% |
| Cohen & Steers Future of Energy Fund, Inc. | 0.22% |
| Franklin Natural Resources Fund | 0.22% |
| Cohen & Steers Future of Energy Active ETF | 0.21% |
| Cohen & Steers Real Assets Fund, Inc. | 0.19% |
| Avantis U.S. Small Cap Equity ETF | 0.08% |
| U.S. Small Cap Equity Fund | 0.07% |
| Cohen & Steers Natural Resources Active ETF | 0.06% |
| Wellington Global Multi-Strategy Fund | 0.05% |
| Fidelity MSCI Energy Index ETF | 0.02% |
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