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Tellurian (TELL)

Tellurian intends to create value for shareholders by building a low-cost, global natural gas business, profitably delivering natural gas to customers worldwide. Tellurian is developing a portfolio of natural gas production and has nearly 100 drillable locations with an estimated one trillion cubic feet of net resource. It is also developing an LNG trading operation and infrastructure that includes an ~ 27.6 mtpa LNG export facility and an associated pipeline. Tellurian is based in Houston, Texas, and its common stock is listed on the Nasdaq Capital Market under the symbol "TELL".

Company profile

Ticker
TELL, TELZ
Exchange
CEO
Meg Gentle
Employees
Incorporated
Location
Fiscal year end
Former names
MAGELLAN PETROLEUM CORP /DE/
SEC CIK
Subsidiaries
Tellurian Investments LLC • Driftwood LP Holdings LLC • Driftwood GP Holdings LLC • Tellurian International Holdings Ltd • Tellurian Production Holdings LLC • Tellurian LandCo LLC • Tellurian Supply & Trade LLC • Purity Pipeline LLC • Delhi Connector LLC • Tellurian Midstream Holdings LLC ...
IRS number
60842255

TELL stock data

Analyst ratings and price targets

Last 3 months

Calendar

4 May 22
26 Jun 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 322.51M 322.51M 322.51M 322.51M 322.51M 322.51M
Cash burn (monthly) (no burn) (no burn) 22.2M 13.43M 27.53M 11.14M
Cash used (since last report) n/a n/a 63.72M 38.54M 79M 31.97M
Cash remaining n/a n/a 258.79M 283.96M 243.51M 290.54M
Runway (months of cash) n/a n/a 11.7 21.1 8.8 26.1

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
8 Jun 22 Peterson Brooke Common Stock Grant Acquire A No No 0 60,307 0 842,290
8 Jun 22 Claire Harvey Common Stock Grant Acquire A No No 0 37,993 0 87,948
8 Jun 22 Ferguson Dillon Common Stock Grant Acquire A No No 0 36,184 0 439,281
8 Jun 22 Kessler Diana Derycz Common Stock Grant Acquire A No No 0 42,214 0 285,248
8 Jun 22 Turkleson Don A Common Stock Grant Acquire A No No 0 60,307 0 421,035
43.3% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 255 209 +22.0%
Opened positions 74 39 +89.7%
Closed positions 28 28
Increased positions 83 80 +3.8%
Reduced positions 50 47 +6.4%
13F shares Current Prev Q Change
Total value 1.81B 1.05B +71.8%
Total shares 246.27M 221.28M +11.3%
Total puts 2.78M 2.65M +4.9%
Total calls 15.63M 4.3M +263.5%
Total put/call ratio 0.2 0.6 -71.1%
Largest owners Shares Value Change
STT State Street 28.77M $152.51M +1.4%
Souki Charif 26M $201.5M 0.0%
BLK Blackrock 25.83M $136.9M +0.3%
Vanguard 23.33M $123.67M +7.3%
TTE TotalEnergies SE 20.29M $44.03M 0.0%
Paulson & Co. 7M $37.1M +40.0%
Geode Capital Management 6.5M $34.47M -4.1%
D. E. Shaw & Co. 6.38M $33.79M +14706.2%
Nuveen Asset Management 5.37M $22.08M +20.6%
Two Sigma Investments 5.03M $26.64M NEW
Largest transactions Shares Bought/sold Change
D. E. Shaw & Co. 6.38M +6.33M +14706.2%
Two Sigma Investments 5.03M +5.03M NEW
PointState Capital 0 -4.59M EXIT
Citadel Advisors 1.43M -3.74M -72.4%
Renaissance Technologies 2.9M -3.67M -55.9%
Graticule Asia Macro Advisors 3.37M +3.37M NEW
First Trust Advisors 2.37M -2.99M -55.7%
Adage Capital Partners GP, L.L.C. 2.6M +2.6M NEW
Hood River Capital Management 0 -2.27M EXIT
Point72 Asset Management 2.08M +2.08M NEW

Financial report summary

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Risks
  • Tellurian will be required to seek additional equity and/or debt financing in the future to complete the Driftwood Project and to grow its other operations, and may not be able to secure such financing on acceptable terms, or at all.
  • Pandemics or disease outbreaks, such as the currently ongoing COVID-19 pandemic, may adversely affect our efforts to reach a final investment decision with respect to the Driftwood Project.
  • We have a limited operating history and expect to incur losses for a significant period of time.
  • Tellurian’s exposure to the performance and credit risks of its counterparties may adversely affect its operating results, liquidity and access to financing.
  • Our use of hedging arrangements may adversely affect our future operating results or liquidity.
  • Changes in tax laws or exposure to additional income tax liabilities could have a material impact on our financial condition, results of operations and liquidity.
  • Tellurian does not expect to generate sufficient cash to pay dividends until the completion of construction of the Driftwood Project.
  • We may be unable to fulfill our obligations under our debt agreements.
  • The price of our common stock has been and may continue to be highly volatile, which may make it difficult for shareholders to sell our common stock when desired or at attractive prices.
  • The market price of our common stock could be adversely affected by sales of substantial amounts of our common stock by us or our major shareholders.
  • Various economic and political factors could negatively affect the development, construction and operation of LNG facilities, including the Driftwood terminal, which could have a material adverse effect on our business, contracts, financial condition, operating results, cash flow, liquidity and prospects.
  • Tellurian’s estimated costs for the Driftwood Project and other projects may not be accurate and are subject to change.
  • If third-party pipelines and other facilities interconnected to our LNG facilities become unavailable to transport natural gas, this could have a material adverse effect on our business, financial condition, operating results, liquidity and prospects.
  • Tellurian’s ability to generate cash will depend upon it entering into contracts with third-party customers, the terms of those contracts and the performance of those customers under those contracts.
  • We may not be able to purchase, receive or produce sufficient natural gas to satisfy our delivery obligations under any LNG sale and purchase agreements, which could have an adverse effect on us.
  • The construction and operation of the Driftwood Project and related pipelines remain subject to further approvals, and some approvals may be subject to further conditions, review and/or revocation.
  • Tellurian will be dependent on third-party contractors for the successful completion of the Driftwood terminal, and these contractors may be unable to complete the Driftwood terminal.
  • Tellurian’s construction and operations activities are subject to a number of development risks, operational hazards, regulatory approvals and other risks, which could cause cost overruns and delays and could have a material adverse effect on its business, results of operations, financial condition, liquidity and prospects.
  • Cyclical or other changes in the demand for and price of LNG and natural gas may adversely affect Tellurian’s LNG business and the performance of our customers and could lead to the reduced development of LNG projects worldwide.
  • Technological innovation may render Tellurian’s anticipated competitive advantage or its processes obsolete.
  • Failure of exported LNG to be a competitive source of energy for international markets could adversely affect our customers and could materially and adversely affect our business, contracts, financial condition, operating results, cash flow, liquidity and prospects.
  • There may be shortages of LNG vessels worldwide, which could have a material adverse effect on Tellurian’s business, results of operations, financial condition, liquidity and prospects.
  • We will rely on third-party engineers to estimate the future capacity ratings and performance capabilities of the Driftwood terminal, and these estimates may prove to be inaccurate.
  • The Driftwood Project and related pipelines will be subject to a number of environmental and safety laws and regulations that impose significant compliance costs, and existing and future environmental, safety and similar laws and regulations could result in increased compliance costs, liabilities or additional operating restrictions.
  • Changes in legislation and regulations could have a material adverse impact on Tellurian’s business, results of operations, financial condition, liquidity and prospects.
  • Our operations will be subject to significant risks and hazards, one or more of which may create significant liabilities and losses that could have a material adverse effect on Tellurian’s business, results of operations, financial condition, liquidity and prospects.
  • Acquisitions of natural gas and oil properties are subject to the uncertainties of evaluating reserves and potential liabilities, including environmental uncertainties.
  • Natural gas and oil prices fluctuate widely, and lower prices for an extended period of time may have a material adverse effect on the profitability of our natural gas or oil operating activities.
  • Significant capital expenditures will be required to grow our natural gas or oil operating activities in accordance with our plans.
  • We have limited control over the activities on properties we do not operate.
  • Drilling and producing operations can be hazardous and may expose us to liabilities.
  • Our drilling efforts may not be profitable or achieve our targeted returns and our reserve estimates are based on assumptions that may not be accurate.
  • Our natural gas operating activities are subject to complex laws and regulations relating to environmental protection that can adversely affect the cost, manner and feasibility of doing business, and further regulation in the future could increase costs, impose additional operating restrictions and cause delays.
  • Federal, state or local legislative and regulatory initiatives relating to hydraulic fracturing could result in increased costs and additional operating restrictions or delays.
  • We expect to drill the locations we acquire over a multi-year period, making them susceptible to uncertainties that could materially alter the occurrence or timing of drilling.
  • The unavailability or high cost of drilling rigs, equipment, supplies, personnel and services could adversely affect our ability to execute our development plans within budgeted amounts and on a timely basis.
  • Our natural gas and oil production may be adversely affected by pipeline and gathering system capacity constraints.
  • We are pursuing a strategy of participating in multiple aspects of the natural gas business, which exposes us to risks.
  • Potential legislative and regulatory actions addressing climate change, and the physical effects of climate change, could significantly impact us.
  • A major health and safety incident relating to our business could be costly in terms of potential liabilities and reputational damage.
  • A terrorist attack or military incident could result in delays in, or cancellation of, construction or closure of our facilities or other disruption to our business.
  • Cyber-attacks targeting systems and infrastructure used in our business may adversely impact our operations.
  • Failure to retain and attract key personnel such as Tellurian’s Executive Chairman, Vice Chairman, Chief Executive Officer or other skilled professional and technical employees could have an adverse effect on Tellurian’s business, results of operations, financial condition, liquidity and prospects.
  • Competition is intense in the energy industry and some of Tellurian’s competitors have greater financial, technological and other resources.

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