Company profile

Ticker
TELL
Exchange
CEO
Meg A. Gentle
Employees
Incorporated in
Location
Fiscal year end
Former names
Magellan Petroleum Corp
SEC CIK
IRS number
60842255

TELL stock data

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FINRA relative short interest over last month (20 trading days) ?

Calendar

24 Feb 20
4 Apr 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Dec 19 Sep 19 Jun 19 Mar 19
Revenue 9.14M 9.34M 5.33M 4.96M
Net income -37.54M -39.61M -40.49M -34.13M
Diluted EPS -0.17 -0.18 -0.19 -0.16
Net profit margin -411% -424% -759% -688%
Operating income -32.85M -38.36M -42.04M -32.61M
Net change in cash -26.44M -12.95M 15.75M -45.46M
Cash on hand 64.62M 91.06M 104.01M 88.25M
Cost of revenue 2.48M 2.24M 1.24M 1.11M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 28.77M 10.29M 5.44M 0
Net income -151.77M -125.75M -231.46M -96.66M
Diluted EPS -0.69 -0.59 -1.23 -1.01
Net profit margin -527% -1222% -4254%
Operating income -145.86M -127.72M -238.57M -93.73M
Net change in cash -69.1M 5.44M 106.88M
Cash on hand 64.62M 133.71M 128.27M 21.4M
Cost of revenue 7.07M 6.12M 7.57M 0

Financial data from Tellurian earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
6 Mar 20 Lance Kian Granmayeh RSU Common Stock Grant Aquire A 0 400,000 0 425,058
4 Mar 20 Souki Charif Common Stock Sell Dispose S 1.4 9,853,004 13.79M 4,010,184
3 Mar 20 Souki Charif Common Stock Sell Dispose S 1.64 3,642,673 5.97M 13,863,188
2 Mar 20 Souki Charif Common Stock Sell Dispose S 1.72 4,493,000 7.73M 17,505,861
28 Feb 20 Houston Martin Common Stock Sell Dispose S 2.01 3,420,000 6.87M 18,194,018
16.2% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 144 130 +10.8%
Opened positions 29 26 +11.5%
Closed positions 15 27 -44.4%
Increased positions 35 45 -22.2%
Reduced positions 40 33 +21.2%
13F shares
Current Prev Q Change
Total value 294.65M 343.12M -14.1%
Total shares 39.63M 41.28M -4.0%
Total puts 789.2K 1M -21.4%
Total calls 3.07M 3.41M -9.9%
Total put/call ratio 0.3 0.3 -12.8%
Largest owners
Shares Value Change
Vanguard 9.09M $66.16M +0.4%
BLK BlackRock 6.66M $48.51M +1.0%
STT State Street 3.33M $24.27M -0.2%
Electron Capital Partners 3.19M $23.22M -13.1%
Geode Capital Management 1.4M $10.23M +1.9%
Hood River Capital Management 1.39M $10.15M NEW
NTRS Northern Trust 1.17M $8.5M -4.0%
Nuveen Asset Management 1.11M $8.11M +3.2%
Schonfeld Strategic Advisors 1M $7.29M -9.1%
JPM JPMorgan Chase & Co. 873.83K $6.36M +2.9%
Largest transactions
Shares Bought/sold Change
Hood River Capital Management 1.39M +1.39M NEW
D. E. Shaw & Co. 265.88K -504.85K -65.5%
Electron Capital Partners 3.19M -482.02K -13.1%
DSAM Partners 0 -300K EXIT
Rubric Capital Management 0 -300K EXIT
Group One Trading 88.3K -227.01K -72.0%
Teacher Retirement System Of Texas 218.97K +218.97K NEW
Salient Capital Advisors 22.88K -211.06K -90.2%
Blackstart Capital 0 -171.68K EXIT
SG Americas Securities 11.05K -168.71K -93.9%

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.
  • 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.
  • Tellurian Production Holdings LLC, Driftwood Holdings, Tellurian and related entities may be unable to fulfill their obligations under the credit agreements and related guarantees.
  • Restrictions in the credit agreements could limit the growth and operations of Production Holdings and/or Driftwood Holdings.
  • If Production Holdings or Driftwood Holdings is unable to comply with the restrictions and covenants in the credit agreement governing the applicable Term Loan, there could be a default under the agreement, which could result in an acceleration of payment of funds borrowed under the agreement.
  • 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 due to several factors.
  • 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.
  • Tellurian will be subject to risks related to doing business in, and having counterparties based in, foreign countries.
  • 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 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 ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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