Tamboran Resources Corporation Common stock (TBN)

FairStock Score: 46/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at Tamboran through Graham's lens first: what is proven? The filings show revenue as N/A and losses in each of the last three fiscal years. In fiscal 2026, the year ended 2026-06-30, net income was -$26.1 million and diluted EPS was -$1.16. That was less bad than fiscal 2025's -$36.9 million and -$2.52, but it is still a loss. The quarterly pattern is negative too: in fiscal Q3 2026, the quarter ended 2026-03-31, net income was -$9.4 million, or -$0.42 per diluted share. FairStock's trailing free cash flow is -$162.2 million, a -12.9% FCF yield, so the business consumes cash. The balance sheet is not stretched, with a debt-to-equity ratio of 0.09 and an Altman Z-Score of 5.74, but Piotroski's F-Score is 0/9, showing weak fundamental momentum. At the 2026-10-13 close of $36.07, FairStock calculates a P/B of 2.07 and a negative P/E of -31.09, which simply reflects losses. ROE is -4.49% and ROCE is -2.54%. The Lynch category is none because the company has lost money in each of the last three years. A moat is not visible yet: there is no production revenue, no positive cash flow, and the value rests on undeveloped Beetaloo gas interests. The resource potential may be real, but capital intensity is high. I prefer businesses that already earn money. Until revenue and positive free cash flow appear, this looks like a speculative asset bet, not a proven value investment.

In plain English: Tamboran Resources is a natural gas developer in Australia. It is not yet making money: filings show losses in each of the last three fiscal years, and it is burning cash. At $36.07, the stock looks expensive against current numbers because there are no profits to support the price, and the company depends on future gas development rather than today's earnings.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q3 2026 10-Q (period ended 2026-03-31) · fiscal Q2 2026 10-Q (period ended 2025-12-31) · fiscal Q1 2026 10-Q (period ended 2025-09-30) · fiscal Q3 2025 10-Q (period ended 2025-03-31) · FY2026 10-K (period ended 2026-06-30) · FY2025 10-K (period ended 2025-06-30) · FY2024 10-K (period ended 2024-06-30)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer