Earnings ·
Tamboran Resources achieves first gas sales from Beetaloo Basin, targeting 40 TJ/d plateau with $240M cash balance
TBNTamboran Resources Corp
Tamboran Resources Corporation filed a Form 8-K on September 25, 2026, furnishing its fourth quarter fiscal year 2026 earnings presentation and press release. The company reported achieving first gas sales from the Beetaloo Basin into the Northern Territory gas market in early September 2026, with initial volumes of approximately 8-10 TJ/d ramping toward a contracted plateau of 40 TJ/d. Operational highlights include the completion of the Sturt Plateau Compression Facility (SPCF) on time and ~US$9 million under budget, and the execution of the largest stimulation campaign in the basin's history across three wells. The balance sheet strengthened with pro forma cash of ~US$240 million following a US$186 million equity raise in April 2026 and net drawn debt of US$30 million. Tamboran Resources Corporation is an independent natural gas exploration and production company focused on developing resources in the Beetaloo Basin of Australia.