Tamboran Resources (TBNRL) Operating Expenses (2023 - 2026)
Tamboran Resources' (TBNRL) quarterly Operating Expenses came in at $8.4 million in Q1 2026, down 4.87% on a YoY basis from $8.8 million in Q1 2025, and up 7.31% quarter-over-quarter from $7.8 million in Q4 2025.
Analysis
Tamboran Resources (TBNRL) Operating Expenses (2023 - 2026) Analysis & Trends
Tamboran Resources (TBNRL) has reported Operating Expenses for 4 consecutive years, with $8.4 million the latest figure, recorded in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses fell 4.87% year-over-year to $8.4 million; the trailing twelve-month figure through Mar 2026 stood at $32.9 million (down 10.36% YoY), and the FY2025 full-year result was $39.3 million, up 91.63% from the prior year.
- Operating Expenses rose to $8.4 million in Q1 2026 per TBNRL's latest filing, from $7.8 million in the prior quarter.
- Across five years, Operating Expenses topped out at $15.0 million in Q4 2024 and bottomed at $3.6 million in Q1 2024.
- Historically, Operating Expenses has averaged $7.7 million across 4 years, with a median of $7.8 million in 2025.
- The widest YoY moves for Operating Expenses: up 147.22% in 2025, down 48.04% in 2025.
- Over 4 years, Operating Expenses stood at $6.7 million in 2023, then surged by 123.04% to $15.0 million in 2024, then sank by 48.04% to $7.8 million in 2025, then increased by 7.31% to $8.4 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $8.4 million, $7.8 million, and $8.2 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 166.07 Bn | 158.38 Bn | 12.81 Bn | 2.43 Bn |
| 2 | Canadian Natural Resources | 107.37 Bn | 105.48 Bn | 8.84 Bn | 114.95 Mn |
| 3 | Eog Resources | 77.26 Bn | 72.36 Bn | - | 5.09 Bn |
| 4 | Diamondback Energy | 56.93 Bn | 56.47 Bn | 5.55 Bn | 3.05 Bn |
| 5 | Devon Energy | 45.90 Bn | 44.89 Bn | 6.02 Bn | 5.03 Bn |
| 6 | Expand Energy | 23.03 Bn | 21.76 Bn | 2.33 Bn | 2.30 Bn |
| 7 | Permian Resources | 19.81 Bn | 19.55 Bn | - | 929.86 Mn |
| 8 | Ovintiv | 18.04 Bn | 17.15 Bn | 2.83 Bn | 2.02 Bn |
| 9 | Apa | 15.80 Bn | 15.36 Bn | 2.28 Bn | 1.12 Bn |
| 10 | Tamboran Resources | 4.31 Mn | 4.31 Mn | - | 8.37 Mn |
Historic Data
Download Data
Historic 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 |