Home / Going-concern warnings / Tamboran Resources Corp

5/5Tamboran Resources Corp (TBN): Going-concern doubt

Filed 2025-09-25 路 Form 10-K 路 Accession 0001628280-25-042774 small

Market data

Price before filing: $21.5 (2025-09-24 close, split/dividend-adjusted)
Market cap at flag: $359.3M (2025-09-25) 路 Latest: $1.09B (2026-10-16)

What happened next

WindowTBNSPYvs SPY
30 days+22.5%+3.7%+18.9%2025-10-27
90 days+23.9%+4.7%+19.2%2025-12-24
180 days+47.0%-0.6%+47.7%2026-03-24

Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.

Verified excerpt

"As discussed in Note 1 to the consolidated financial statements, the Company has suffered recurring losses from operations that raise substantial doubt about the Company's ability to continue as a going concern."

Quoted from the filing. Source

What this means

The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.

Going-concern opinion issued by: Ernst & Young LLP
Source: independent auditor report in Form 10-K (period 2025-06-30)

Why this score: in auditor's report

Read the original filing on SEC.gov →

Not investment advice. Automated summary; verify against the filing.

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