Tamboran Resources Corporation announced the financial and operating results for the quarter ended June 30, 2026, via an earnings presentation on September 25, 2026. The company reported the successful delivery of first gas volumes to the Northern Territory gas market in September 2026. The company stated that Northern Territory Government (NTG) gas nominations are expected to increase with seasonal demand.
During the quarter, Tamboran completed the largest stimulation campaign in the Beetaloo Basin, involving wells SS2-3H, -4H, and -5H. This campaign achieved 178 stages across 30,000 lateral feet. The company also reported that the construction of the SPCF (South Petrel Central Facility) was delivered on time and approximately US$9 million below forecast budget. Commissioning activities for the SPCF are expected to be completed during the fourth quarter of 2026.
In terms of capital structure, the company reported a pro forma cash balance of approximately US$240 million. This figure includes a cash balance of US$225 million at June 30, 2026, and near-term inflows of US$15 million. The company also holds drawn debt of US$30 million relating to the construction of the SPCF.
Key milestones achieved over the past 12 months include the Final Investment Decision (FID) of the Shenandoah South Pilot Project, the completion of the acquisition of Falcon Oil & Gas, and the strengthening of the balance sheet through a capital raise of approximately US$300 million. The company also secured infrastructure debt from a consortium, partially backstopped by the NT Government.
Looking ahead, Tamboran outlined upcoming catalysts, including the completion of commissioning activities of the SPCF in 4Q 2026, the completion of a three-well drilling program on the SS1 pad, and the stimulation of those wells. The company also plans to commence a proposed four-well drilling program with DWE/INPEX in the Beetaloo Central Development Area (BCDA) in mid-2027.
