Tamboran Resources Corporation TBN

Competitive advantage analysis · energy

Corporate Default
Overall moat score
23/100
Weak

Ranked against 92 peers in Oil & Gas E&P

About Tamboran Resources Corporation

Tamboran Resources Corporation, a natural gas company, engages in developing unconventional gas resources in the northern territory of Australia. Its assets include a 25% non-operated working interest in EP 161; a 38.75% working interest in EPs 76, 98, and 117; and a 100% working interest in EPs 136 and 143, as well as EP (A) 197, located in the Betaloo … Full TBN analysis →

Key strengths

  • Strong Liquidity Buffer Liquidity position is strong (score 0.76), providing operational cushion.

Key risks

  • ROIC Below WACC or Peers ROIC at 10.3th percentile suggests inefficient capital deployment.
  • Elevated Debt Risk Debt serviceability is weak (score 0.04), raising refinancing risk.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Insufficient Data
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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Cost Advantage

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Signals, strengths and risks for Customer Stickiness

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Signals, strengths and risks for Capital Efficiency

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Signals, strengths and risks for Resilience

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Signals, strengths and risks for Scale & Market Position

Where TBN ranks in Oil & Gas E&P

Tamboran Resources Corporation ranks #77 of 93 scored companies in Oil & Gas E&P by moat score — the top 83%. The widest moat in the group is Texas Pacific Land Corporation (TPL) at 84/100.

# Company Moat score Rating
73 Epsilon Energy Ltd. EPSN 27/100 Developing
74 Evolution Petroleum Corporation EPM 26/100 Developing
75 W&T Offshore, Inc. WTI 24/100 Weak
76 Barnwell Industries, Inc. BRN 23/100 Weak
77 Tamboran Resources Corporation TBN 23/100 Weak
78 Kosmos Energy Ltd. KOS 20/100 Weak
79 Indonesia Energy Corporation Li INDO 18/100 Weak
80 EON Resources Inc. EONR 16/100 Weak
81 Trio Petroleum Corp. TPET 15/100 Weak

See every Commodities & Mining company ranked by moat score →

How TBN scores on the Corporate Default defenses

Pricing Power

Not measurable · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Not measurable · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Not measurable · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 18 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 31 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Not measurable · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding TBN's moat

What is Tamboran Resources Corporation's moat score?

Tamboran Resources Corporation (TBN) scores 23 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as weak. It ranks #77 of 93 scored companies in Oil & Gas E&P, the top 83%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 92 companies in Oil & Gas E&P. Its strongest defense is Resilience (31/100) and its weakest is Capital Efficiency (18/100).

How does Tamboran Resources Corporation compare with other Oil & Gas E&P companies?

Tamboran Resources Corporation ranks #77 of 93 scored companies in Oil & Gas E&P by moat score. The widest moat in Oil & Gas E&P is Texas Pacific Land Corporation (TPL) at 84/100. The companies ranked closest are Barnwell Industries, Inc. (BRN) at 23 just above it and Kosmos Energy Ltd. (KOS) at 20 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 92 companies in Oil & Gas E&P. The defenses are then weighted to produce the overall score out of 100.

Why is Tamboran Resources Corporation scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Tamboran Resources Corporation?

The Corporate Default template measures 6 defenses, and TBN scores: Pricing Power (not measurable), Cost Advantage (not measurable), Customer Stickiness (not measurable), Capital Efficiency (18), Resilience (31), Scale & Market Position (not measurable). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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