Tamboran Resources (TBN) Operating Expenses (2023 - 2026)
Tamboran Resources' (TBN) quarterly Operating Expenses came in at $8.4 million in Q1 2026, down 4.87% YoY from $8.8 million in Q1 2025, and up 7.31% on a QoQ basis from $7.8 million in Q4 2025.
Tamboran Resources (TBN) Operating Expenses (2023 - 2026) Analysis & Trends
Tamboran Resources (TBN) has 4 years of Operating Expenses data on file, last reported at $8.4 million in Q1 2026.
- Quarterly Operating Expenses fell 4.87% year-over-year to $8.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $32.9 million (down 10.36% YoY) and the FY2025 annual result came in at $39.3 million, up 91.63% from the prior year.
- Operating Expenses advanced to $8.4 million in Q1 2026, from $7.8 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $15.0 million in Q4 2024 to a low of $3.6 million in Q1 2024.
- A 4-year average of $7.7 million and a median of $7.8 million in 2025 frame the typical range for Operating Expenses.
- The widest YoY moves for Operating Expenses: up 147.22% in 2025, down 48.04% in 2025.
- Tracing TBN's Operating Expenses over 4 years: stood at $6.7 million in 2023, then soared by 123.04% to $15.0 million in 2024, then tumbled by 48.04% to $7.8 million in 2025, then climbed by 7.31% to $8.4 million in 2026.
- The last three Operating Expenses figures came in at $8.4 million (Q1 2026), $7.8 million (Q4 2025), and $8.2 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 2.43 Bn |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | 114.95 Mn |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 5.09 Bn |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 3.05 Bn |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 5.03 Bn |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | - |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 4.55 Bn |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | 1.42 Bn |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | 54.24 Mn |
| 10 | Tamboran Resources | 845.49 Mn | 845.49 Mn | - | 8.37 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 8.37 Mn |
| Dec 31, 2025 | 7.80 Mn |
| Sep 30, 2025 | 8.21 Mn |
| Jun 30, 2025 | 8.52 Mn |
| Mar 31, 2025 | 8.80 Mn |
| Dec 31, 2024 | 15.02 Mn |
| Sep 30, 2024 | 6.98 Mn |
| Jun 30, 2024 | 5.91 Mn |
| Mar 31, 2024 | 3.56 Mn |
| Dec 31, 2023 | 6.73 Mn |
| Sep 30, 2023 | 4.32 Mn |