TBN Tamboran Resources Corporation Common stock

NYSE · Energy · View on SEC EDGAR ↗
$37.99
Price · Aug 18, 2026
Fundamentals as of May 13, 2026
52W Range
$20–$52
56% of range
Analyst Rating
BUY
10 analysts
Price Target
$55
+45% upside
P/E (TTM)
-15.1
ROE
-13.4%
Net Profit Margin
—

TBN Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$37.99
Market Cap
$635M
P/E (TTM)
-15.1
EPS (TTM)
$-2.52
Revenue (TTM)
$0
Div Yield
—
ROE
-13.4%
Debt/Equity
—
52W Range
$20 – $52

TBN Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $0
Flat — no change across 2 periods
2024-06-30 → 2025-06-30
EPS $-2.52
2-point trend, -8.5%
2024-06-30 → 2025-06-30
Free Cash Flow —
Margins —

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
TBN
Peer Median
P/E (TTM)
2-point trend, +12.7%
-15.1
16.4
P/B
2.2
0.9

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
TBN
Peer Median
ROA
-9.2%
-1.2%
ROE
-13.4%
-1.6%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
TBN
Peer Median
Current Ratio
1.5
1.8
Quick Ratio
1.1
—

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
TBN
Peer Median

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
TBN
Peer Median
EPS (Diluted)
2-point trend, -8.5%
$-2.52
—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
TBN
Peer Median

TBN Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 10 analysts
  • Strong Buy 2 20.0%
  • Buy 7 70.0%
  • Hold 1 10.0%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

6 analysts · 2026-08-17
Median target $56.50 +48.7%
Mean target $55.17 +45.2%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
-0.17%
Period EPS Actual EPS Est Surprise
March 31, 2026 $-0.42 $-0.24 -0.18%
Dec. 31, 2025 $-0.33 $-0.22 -0.11%
Sept. 30, 2025 $-0.47 $-0.29 -0.18%
June 30, 2025 $-0.66 $-0.36 -0.29%
March 31, 2025 $-0.46 $-0.37 -0.09%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 13
Annual Income Statement data for TBN
Metric Trend 20252024
Revenue Flat — no change across 2 periods $0 $0
R&D Expense 2-point trend, +6035141.00 $6M $0
SG&A Expense 2-point trend, +135.9% $6M $2M
Operating Expenses 2-point trend, +91.6% $39M $21M
Operating Income 2-point trend, -91.6% $-39M $-21M
Other Non-op 2-point trend, +608.7% $725.7K $-142.7K
Income Tax Flat — no change across 2 periods $0 $0
Net Income 2-point trend, -68.4% $-37M $-22M
EPS (Basic) 2-point trend, -8.5% $-2.52 $-2.32
EPS (Diluted) 2-point trend, -8.5% $-2.52 $-2.32
Shares (Basic) 2-point trend, +55.1% 14,661,192 9,450,244
Shares (Diluted) 2-point trend, +55.1% 14,661,192 9,450,244
EBITDA $-39M ·
Balance Sheet 20
Annual Balance Sheet data for TBN
Metric Trend 20252024
Cash & Equivalents 2-point trend, -47.2% $39M $75M
Prepaid Expense 2-point trend, -40.7% $2M $3M
Current Assets 2-point trend, -41.7% $57M $97M
PP&E (Net) 2-point trend, +201.2% $308.0K $102.2K
PP&E (Gross) 2-point trend, +46.0% $828.2K $567.3K
Accum. Depreciation 2-point trend, +11.9% $520.5K $465.1K
Total Assets 2-point trend, +24.5% $446M $359M
Accounts Payable 2-point trend, +209.0% $20M $7M
Current Liabilities 2-point trend, +30.7% $37M $28M
Capital Leases 2-point trend, +100.1% $1M $587.2K
Other Non-current Liabilities 2-point trend, -36.9% $57.0K $90.4K
Total Liabilities 2-point trend, +11.9% $57M $51M
Long-term Debt $0 ·
Common Stock 2-point trend, +22.2% $17.0K $13.9K
Paid-in Capital 2-point trend, +14.8% $464M $405M
Retained Earnings 2-point trend, -28.3% $-167M $-130M
AOCI 2-point trend, +18.2% $-9M $-12M
Stockholders' Equity 2-point trend, +9.5% $288M $263M
Liabilities + Equity 2-point trend, +24.5% $446M $359M
Shares Outstanding 2-point trend, +20.1% 16,717,289 13,915,524
Cash Flow 8
Annual Cash Flow data for TBN
Metric Trend 20252024
D&A 2-point trend, -28.6% $85.9K $120.4K
Stock-based Comp 2-point trend, +683.9% $4M $555.5K
Other Non-cash $3M ·
Operating Cash Flow 2-point trend, -160.0% $-30M $-11M
Investing Cash Flow 2-point trend, -49.4% $-99M $-66M
Stock Issued 2-point trend, -69.0% $46M $149M
Net Stock Activity $46M ·
Financing Cash Flow 2-point trend, -31.0% $101M $146M
Profitability 2
Annual Profitability data for TBN
Metric Trend 20252024
ROA -9.2% ·
ROE -13.4% ·
Liquidity & Solvency 2
Annual Liquidity & Solvency data for TBN
Metric Trend 20252024
Current Ratio 1.5 ·
Quick Ratio 1.1 ·
Efficiency 1
Annual Efficiency data for TBN
Metric Trend 20252024
Asset Turnover 0.0 ·
Per Share 5
Annual Per Share data for TBN
Metric Trend 20252024
Book Value / Share $17.21 ·
Revenue / Share $0.00 ·
Cash Flow / Share $-2.02 ·
Cash / Share $2.36 ·
EPS (TTM) 2-point trend, -8.5% $-2.52 $-2.32
Valuation (TTM) 8
Annual Valuation (TTM) data for TBN
Metric Trend 20252024
Revenue TTM Flat — no change across 2 periods $0 $0
Net Income TTM 2-point trend, -68.4% $-37M $-22M
Market Cap $356M ·
P/E 2-point trend, +12.7% -8.5 -9.7
P/B 1.2 ·
P / Tangible Book 1.2 ·
P / Cash Flow -12.0 ·
Earnings Yield 2-point trend, -14.5% -11.8% -10.3%

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-06-302024-06-30
Revenue $0$0
Net Income $-37M$-22M
Diluted EPS $-2.52$-2.32
Balance Sheet
2025-06-302024-06-30
Current Ratio 1.5—
Quick Ratio 1.1—

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Institutional owners (13F) 95 filers · $387.8M total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
45 (+30 vs prior Q) 9 (+4 vs prior Q) 31 (+9 vs prior Q) 8 (-3 vs prior Q) +3.9M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
HITE Hedge Asset Management LLC $93,687,448 2,881,804 24.16% Shares
GILDER GAGNON HOWE & CO LLC $35,480,959 1,091,386 9.15% Shares
Alberta Investment Management Corp $27,915,687 858,680 7.20% Shares
Cinctive Capital Management LP $21,304,648 655,326 5.49% Shares
Yaupon Capital Management LP $20,271,090 623,534 5.23% Shares
REAVES W H & CO INC $19,993,683 615,001 5.16% Shares
HighTower Advisors, LLC $14,848,979 456,751 3.83% Shares
Ancient Art, L.P. $14,211,486 437,142 3.67% Shares
UBS Group AG $14,107,877 433,955 3.64% Shares
CITADEL ADVISORS LLC $12,873,082 395,973 3.32% Shares
Merewether Investment Management, LP $9,573,447 294,477 2.47% Shares
Aventail Capital Group, LP $9,075,557 279,162 2.34% Shares
Alyeska Investment Group, L.P. $8,818,077 271,242 2.27% Shares
TWO SIGMA INVESTMENTS, LP $8,200,615 252,249 2.11% Shares
MANUFACTURERS LIFE INSURANCE COMPANY, THE $8,040,104 248,270 2.07% Shares
Nuveen Asset Management, LLC $6,389,566 304,410 1.65% Shares
SCS Capital Management LLC $5,179,916 159,333 1.34% Shares
COOPER INVESTORS PTY LTD $5,054,622 155,479 1.30% Shares
MACQUARIE GROUP LTD $4,471,149 137,532 1.15% Shares
Edge Capital Group, LLC $4,372,910 208,333 1.13% Shares
FRANKLIN RESOURCES INC $4,219,798 129,800 1.09% Shares
Hudson Bay Capital Management LP $3,381,268 104,007 0.87% Shares
Ghisallo Capital Management LLC $3,251,000 100,000 0.84% Shares
Zweig-DiMenna Associates LLC $2,617,055 80,500 0.67% Shares
Ranger Investment Management, L.P. $2,608,862 80,248 0.67% Shares
Longaeva Partners L.P. $2,452,912 75,451 0.63% Shares
Arbiter Partners Capital Management LLC $2,185,062 67,212 0.56% Shares
Swiss National Bank $1,697,022 52,200 0.44% Shares
READYSTATE ASSET MANAGEMENT LP $1,435,219 44,147 0.37% Shares
CI INVESTMENTS INC. $1,369,679 42,131 0.35% Shares
WELLINGTON MANAGEMENT GROUP LLP $1,342,240 41,287 0.35% Shares
XTX Topco Ltd $1,331,967 40,971 0.34% Shares
STATE STREET CORP $1,042,661 32,072 0.27% Shares
Quadrature Capital Ltd $1,022,537 31,453 0.26% Shares
AMERICAN CENTURY COMPANIES INC $926,633 28,503 0.24% Shares
Walleye Capital LLC $881,021 27,100 0.23% Shares
BANK OF MONTREAL /CAN/ $831,619 24,070 0.21% Shares
BNP PARIBAS FINANCIAL MARKETS $817,171 25,136 0.21% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $802,509 24,685 0.21% Shares
GOLDMAN SACHS GROUP INC $766,098 23,565 0.20% Shares
MANGROVE PARTNERS IM, LLC $672,567 20,688 0.17% Shares
VANGUARD ASSET MANAGEMENT, Ltd $662,976 20,393 0.17% Shares
Atom Investors LP $607,612 18,690 0.16% Shares
JANE STREET GROUP, LLC $568,600 17,490 0.15% Shares
State of Wyoming $531,961 16,363 0.14% Shares
Black Diamond Financial, LLC $438,885 13,500 0.11% Shares
NEUBERGER BERMAN GROUP LLC $425,393 13,085 0.11% Shares
MARSHALL WACE, LLP $418,501 12,873 0.11% Shares
LPL Financial LLC $343,403 10,563 0.09% Shares
BANK OF AMERICA CORP /DE/ $340,997 10,489 0.09% Shares
JPMORGAN CHASE & CO $334,502 10,463 0.09% Shares
Savant Capital, LLC $314,308 9,668 0.08% Shares
Legal & General Group Plc $272,466 8,381 0.07% Shares
KLP KAPITALFORVALTNING AS $269,833 8,300 0.07% Shares
NORTHERN TRUST CORP $265,022 8,152 0.07% Shares
BlackRock, Inc. $251,107 7,724 0.06% Shares
Engineers Gate Manager LP $242,297 7,453 0.06% Shares
ADAGE CAPITAL PARTNERS GP, L.L.C. $238,888 7,348 0.06% Shares
SEI INVESTMENTS CO $235,535 7,245 0.06% Shares
Merit Financial Group, LLC $217,297 6,684 0.06% Shares
Russell Investments Group, Ltd. $188,421 5,795 0.05% Shares
Kings Path Partners LLC $181,406 5,580 0.05% Shares
Vanguard Investments Australia, Ltd. $168,922 5,196 0.04% Shares
RAYMOND JAMES FINANCIAL INC $115,508 3,553 0.03% Shares
ROYAL BANK OF CANADA $98,000 3,000 0.03% Shares
Balyasny Asset Management L.P. $93,239 2,868 0.02% Shares
Colonial Trust Advisors $73,148 2,250 0.02% Shares
Avalon Trust Co $43,889 1,350 0.01% Shares
DEUTSCHE BANK AG\ $41,775 1,285 0.01% Shares
TD Waterhouse Canada Inc. $38,774 1,245 0.01% Shares
Quantbot Technologies LP $38,719 1,191 0.01% Shares
OSAIC HOLDINGS, INC. $23,797 732 0.01% Shares
WELLS FARGO & COMPANY/MN $22,237 684 0.01% Shares
CITIGROUP INC $19,734 607 0.01% Shares
INGALLS & SNYDER LLC $16,401 504,497 0.00% Shares
Stone House Investment Management, LLC $15,800 486 0.00% Shares
UMB Bank, n.a. $13,004 400 0.00% Shares
Larson Financial Group LLC $8,843 272 0.00% Shares
MORGAN STANLEY $8,518 262 0.00% Shares
Financial Management Professionals, Inc. $8,128 250 0.00% Shares
COHEN & STEERS, INC. $7,354 226,203 0.00% Shares
JONES FINANCIAL COMPANIES LLLP $5,280 165 0.00% Shares
Silver Grove Financial Group, Inc. $5,104 157 0.00% Shares
NISA INVESTMENT ADVISORS, LLC $3,609 111 0.00% Shares
MERCER GLOBAL ADVISORS INC /ADV $2,698 83 0.00% Shares
Ascent Group, LLC $2,438 75 0.00% Shares
Ameritas Advisory Services, LLC $2,113 65 0.00% Shares
Arax Advisory Partners $1,528 47 0.00% Shares
Allworth Financial LP $1,236 38 0.00% Shares
Federation des caisses Desjardins du Quebec $423 13 0.00% Shares
SkyView Investment Advisors, LLC $304 6,088 0.00% Shares
Caitong International Asset Management Co., Ltd $260 8 0.00% Shares
EverSource Wealth Advisors, LLC $98 3 0.00% Shares
Clearstead Advisors, LLC $66 2 0.00% Shares
Centerpoint Advisors, LLC $8 250 0.00% Shares

Company insiders 14 insiders · 4 officers · 11 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Todd Christopher Abbott Chief Executive Officer Jan. 15, 2026 A 156,234 0 0 $0
Joel Lynn Riddle Chief Executive Officer July 22, 2025 A 107,281 0 0 $0
Eric Steven Dyer Chief Financial Officer April 14, 2026 A 68,909 0 0 $0
Faron James Thibodeaux Chief Operating Officer April 14, 2026 A 153,311 0 0 $0
Jeffrey Lance Bellman Director June 1, 2026 A 23,234 0 0 $0
Andrew John Robb Director June 1, 2026 A 14,295 0 0 $0
Patrick James Dymock Elliott Director June 1, 2026 A 28,482 0 0 $0
Phillip Z Pace Director June 1, 2026 A 44,683 2 0 $416,900
Ryan Dalton Director June 1, 2026 A 62,078 0 0 $0
Fredrick J Barrett Director June 1, 2026 A 40,498 0 0 $0
David N Siegel Director June 1, 2026 A 358,221 0 0 $0
Richard K Stoneburner Director June 1, 2026 A 107,704 0 0 $0
Scott D Sheffield Director June 1, 2026 A 326,961 1 0 $251,780
Stephanie L Reed Director Jan. 31, 2025 A 12,477 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 1 position

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Bryan Sheffield, Sheffield Holdings, LP, Spraberry Interests, LLC, Daly Waters Energy, LP, Formentera Australia Fund I GP, LP, Formentera Investments LLC ×7 filings April 16, 2026 11.90% Amendment — SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 4 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
AVSC · AMERICAN CENTURY ETF TRUST 0.03% 24,484 NS May 31, 2026 N-PORT
ISCG · iShares Trust 0.02% 5,968 SH Aug. 8, 2026 Daily
ISCB · iShares Trust 0.01% 849 SH Aug. 8, 2026 Daily
WSML · iShares Trust 0.01% 1,589 SH Aug. 8, 2026 Daily