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TELL Tellurian

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
Exchange
CEO
Meg Gentle
Employees
Incorporated
Location
Fiscal year end
Former names
MAGELLAN PETROLEUM CORP /DE/
SEC CIK
IRS number
60842255

TELL stock data

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Calendar

24 Feb 21
22 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Tellurian earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 81.74M 81.74M 81.74M 81.74M 81.74M 81.74M
Cash burn (monthly) (positive/no burn) (positive/no burn) 797.33K 13.89M 4.41M 5.83M
Cash used (since last report) n/a n/a 2.98M 51.97M 16.5M 21.82M
Cash remaining n/a n/a 78.75M 29.77M 65.23M 59.92M
Runway (months of cash) n/a n/a 98.8 2.1 14.8 10.3

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
5 Apr 21 R Keith Teague Common Stock Payment of exercise Dispose F No No 2.49 4,193 10.44K 3,911,369
5 Apr 21 R Keith Teague Common Stock Option exercise Aquire M No No 0 14,118 0 3,915,562
5 Apr 21 Daniel Belhumeur Common Stock Payment of exercise Dispose F No No 2.49 4,193 10.44K 1,309,966
5 Apr 21 Daniel Belhumeur Common Stock Option exercise Aquire M No No 0 14,118 0 1,314,159
5 Apr 21 Lance Kian Granmayeh Common Stock Payment of exercise Dispose F No No 2.49 1,535 3.82K 43,790
5 Apr 21 Lance Kian Granmayeh Common Stock Option exercise Aquire M No No 0 5,365 0 45,325
5 Apr 21 Khaled Sharafeldin Common Stock Payment of exercise Dispose F No No 2.49 4,864 12.11K 723,831
5 Apr 21 Khaled Sharafeldin Common Stock Option exercise Aquire M No No 0 16,377 0 728,695
1 Apr 21 R Keith Teague RSU Common Stock Option exercise Dispose M No No 0 17,218 0 68,872
1 Apr 21 Daniel Belhumeur RSU Common Stock Option exercise Dispose M No No 0 17,218 0 68,872

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

25.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 130 117 +11.1%
Opened positions 30 13 +130.8%
Closed positions 17 17
Increased positions 40 41 -2.4%
Reduced positions 28 26 +7.7%
13F shares
Current Prev Q Change
Total value 469.17M 71.26M +558.4%
Total shares 98.52M 84.09M +17.2%
Total puts 1.04M 752.7K +38.8%
Total calls 673.5K 716K -5.9%
Total put/call ratio 1.6 1.1 +47.5%
Largest owners
Shares Value Change
TOT Total SE 44.92M $40.06M 0.0%
Vanguard 11.98M $15.33M +84.6%
BLK Blackrock 11.62M $14.88M +22.5%
Renaissance Technologies 3.49M $4.47M NEW
Citadel Advisors 3.23M $4.14M +35.1%
Geode Capital Management 2.86M $3.66M +26.9%
STT State Street 2.7M $3.45M +31.8%
NTRS Northern Trust 1.83M $2.34M +0.8%
MS Morgan Stanley 1.72M $2.21M +45.4%
Charles Schwab Investment Management 1.19M $1.53M +3.3%
Largest transactions
Shares Bought/sold Change
Vanguard 11.98M +5.49M +84.6%
Renaissance Technologies 3.49M +3.49M NEW
BLK Blackrock 11.62M +2.14M +22.5%
Citadel Advisors 3.23M +839.78K +35.1%
Alliancebernstein 288.8K -763.51K -72.6%
Catalyst Capital Advisors 705.77K +705.77K NEW
STT State Street 2.7M +650.76K +31.8%
Geode Capital Management 2.86M +606.06K +26.9%
MS Morgan Stanley 1.72M +537.86K +45.4%
JPM JPMorgan Chase & Co. 630.4K +492.84K +358.3%

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 outbreak, 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.
  • Restrictions in our debt agreements could limit our growth and operations.
  • If we are unable to comply with the restrictions and covenants in our debt agreements, there could be a default under one or more of those agreements, which could result in an acceleration of amounts due under those 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 may depend upon it entering into contracts with third-party customers 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 the Pipeline Network 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 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 production activities.
  • Significant capital expenditures will be required to grow our natural gas or oil production 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 production 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 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.
Content analysis
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