TBNTamboran Resources Corporation
Is it safe?
Caution warranted: heavy debt (BB) and big price swings.
Net cash, but unprofitable, speculative. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -39% · now 32% below its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can TBN take a bad year?
Tamboran Resources Corporation holds $160M more cash than debt, and is burning $37M a quarter, about 1.5 years of cover.
Net cash
- Net debt / EBITDA
- net cash
Net debt / EBITDA · no net borrowings to measure against earnings
- Cash runway
- 1.5 years
Cash runway · burning $37M a quarter at the current rate
- Annualised volatility
- 57%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtQ4 2026
- $59M
- Cash and short-term investments
- $219M
- Net cash
- $160M
- EBITDA, trailing twelve months
- −$33M
- Operating profit, trailing twelve months
- −$33M
- Debt / equity
- 0.07×
- Annualised volatilitytwo years of daily moves
- 57%
- Worst drawdown on file
- −39%
- Below its 52-week high
- 32%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Oil & Gas E&P
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