Tellurian Stock Price, News & Analysis

Tellurian Inc. (TELL) reported a strong performance in Q3 2022, with a 25% increase in net natural gas production and a 32% increase in natural gas sales compared to Q2 2022. The company achieved net production of 11.4 Bcf, generating revenues of $81.1 million and an operating profit of $40.1 million. Adjusted EBITDA reached $69.5 million, significantly up from the previous year. Despite a net loss of $14.2 million, Tellurian holds $607.5 million in cash and total assets of $1.4 billion, positioning itself for growth as it expands its natural gas operations and Driftwood terminal construction continues.

Tellurian Inc. (NYSE American: TELL) has updated its Driftwood LNG financing strategy, focusing on securing equity partners and enhancing its LNG portfolio by terminating two sales agreements. CEO Octávio Simões emphasized the company's natural gas production, reporting 9 billion cubic feet and over $61 million in sales last quarter. Following the EnSight acquisition, Tellurian anticipates an increase in production with 11 wells in progress. The company aims to expand its LNG export capabilities with the Driftwood project, ultimately reaching global markets.

Tellurian Inc. (NYSE American: TELL) has announced plans for an underwritten public offering of units consisting of 11.25% senior secured notes due 2027, valued at $1,000 per note, along with warrants for purchasing common stock. Proceeds will support the construction of the Driftwood Project. The offering is under an effective shelf registration statement with no assurance regarding its completion or terms. B. Riley Securities, Inc. is the sole bookrunning manager for this offering.

Tellurian Inc. (NYSE: TELL) announced the completion of its acquisition of assets in the Haynesville from EnSight IV Energy Partners for $125.5 million. This acquisition enhances Tellurian's business model by integrating upstream assets, a pipeline network, and the Driftwood LNG terminal, positioning the company to sell natural gas in multiple markets. With current production of 150 MMcfd, TPC anticipates an increase to 250 MMcfd through 11 new wells expected to be completed by year-end.

Tellurian Inc. (TELL) reported a significant increase in natural gas revenue, generating $61.3 million in Q2 2022, up from $5.6 million in Q2 2021, marking a production rise of approximately 47%. Tellurian ended the quarter with $823 million in cash. The company is progressing with the Driftwood LNG construction and has made a strategic acquisition of natural gas assets spanning 5,000 net acres. CEO Octávio Simões emphasized the business model's value, combining gas production with LNG infrastructure to enhance shareholder value.

Tellurian Inc. (TELL) announced the acquisition of natural gas assets from EnSight IV Energy Partners for $125 million, with a potential additional payment of $7.5 million based on gas prices. The assets, located in the Haynesville Shale, include 45 MMcf/d of production and extensive reserves. This transaction is expected to enhance Tellurian's production by ~30% and increase upstream EBITDA by ~25%. The closing is anticipated in Q3 2022, with significant cash flow generation projected from the acquired assets.

Tellurian Inc. (TELL) and Baker Hughes (BKR) have partnered for a natural gas transmission project, marking Baker Hughes' first installation of its Integrated Compressor Line (ICL) technology in North America. The project aims to provide cleaner, zero-emissions natural gas, with an estimated capacity of over 5.5 billion cubic feet daily. Tellurian is investing $240 million into the Driftwood Pipeline, part of its broader initiative to enhance energy reliability and sustainability. The ICL technology is designed to lower the carbon footprint of the natural gas supply chain significantly.

Tellurian Inc. has finalized agreements to issue $500 million in senior secured convertible notes with a 6.0% annual interest rate, maturing on May 1, 2025. The notes can be converted to common stock at an initial price of $5.724. This transaction is subject to customary closing conditions and does not constitute an offer to sell in jurisdictions where it would be unlawful. Roth Capital Partners and Citigroup acted as placement agents for the offering.

Tellurian focuses on developing natural gas production, LNG marketing, and a planned 27.6 mtpa LNG export facility in Texas.

Tellurian Inc. (NYSE American: TELL) announced the retirement of COO Keith Teague, who will transition to an advisory role. Former McDermott International executive Samik Mukherjee has been appointed as the new Executive Vice President and President of Driftwood Assets. Mukherjee brings over 30 years of energy industry experience, having previously delivered over 60 million tonnes per annum of LNG capacity across multiple projects. Tellurian aims to establish a low-cost global natural gas business, developing a significant LNG export facility and pipeline.