Tellurian Inc. (TELL) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1201 LOUISIANA STREET HOUSTON, TX 77002 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 75,789 | 474,205 | 305,496 | 78,297 | 69,684 | 133,714 | |||
| Cash and cash equivalents | 75,789 | 474,205 | 305,496 | 78,297 | 64,615 | 133,714 | |||
| Short-term investments | 5,069 | ||||||||
| Restricted cash and investments | 4,688 | 9,375 | |||||||
| Receivables | 6,322 | 2,814 | |||||||
| Prepaid expense | 1,788 | 2,174 | 605 | 1,156 | 1,234 | ||||
| Derivative instruments and hedges, assets | 10,463 | 8,693 | 843 | 3,121 | |||||
| Deposits current assets | 172 | 3,589 | 100 | 364 | |||||
| Other current assets | 1,171 | 65 | 6 | 126 | |||||
| Other undisclosed current assets | 35,265 | 76,731 | 9,270 | 4,500 | 1,384 | 3,906 | |||
| Total current assets: | 117,530 | 574,291 | 327,718 | 84,902 | 82,235 | 140,434 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 126,225 | 56,708 | 57,883 | 20,018 | 13,437 | ✕ | |||
| Property, plant and equipment | 92,662 | 41,239 | 161,644 | 130,580 | |||||
| Oil and gas, successful efforts method, property and equipment, after accumulated depreciation, depletion, amortization, and impairment | 561,303 | 468,351 | 62,718 | ||||||
| Restricted cash and investments | 3,440 | 3,867 | 49,875 | ||||||
| Deferred costs | 106,425 | 69,000 | |||||||
| Other noncurrent assets | 70,199 | 63,316 | 33,518 | 32,897 | 36,755 | 18,659 | |||
| Other undisclosed noncurrent assets | 448,771 | 264,017 | 110,025 | 47,781 | (22,041) | ||||
| Total noncurrent assets: | 1,206,498 | 852,392 | 294,088 | 208,093 | 300,087 | 268,114 | |||
| TOTAL ASSETS: | 1,324,028 | 1,426,683 | 621,806 | 292,995 | 382,322 | 408,548 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 123,650 | 133,985 | 88,798 | 45,576 | 27,698 | 52,770 | |||
| Taxes payable | ✕ | ✕ | ✕ | 1,018 | |||||
| Accounts payable | 4,805 | 2,852 | 23,573 | 21,048 | 11,597 | ||||
| Accrued liabilities | 123,650 | 129,180 | 85,946 | 22,003 | 5,632 | 41,173 | |||
| Debt | 875 | 163,556 | 72,819 | 78,528 | |||||
| Due to related parties | ✕ | ✕ | 910 | ||||||
| Other undisclosed current liabilities | 54,673 | 26,353 | |||||||
| Total current liabilities: | 179,198 | 297,541 | 88,798 | 119,305 | 132,579 | 52,770 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 482,852 | 432,171 | |||||||
| Long-term debt, excluding current maturities | 361,402 | 382,208 | |||||||
| Finance lease, liability | 121,450 | 49,963 | ✕ | ||||||
| Liabilities, other than long-term debt | 37,054 | 24,428 | 61,020 | 26,325 | 25,337 | 796 | |||
| Asset retirement obligations | 796 | ||||||||
| Other liabilities | 37,054 | 24,428 | 61,020 | 26,325 | 25,337 | ||||
| Other undisclosed noncurrent liabilities | 53,687 | 38,275 | 58,121 | 4,278 | |||||
| Total noncurrent liabilities: | 519,906 | 456,599 | 114,707 | 64,600 | 83,458 | 5,074 | |||
| Total liabilities: | 699,104 | 754,140 | 203,505 | 183,905 | 216,037 | 57,844 | |||
| Equity | |||||||||
| Equity, attributable to parent | 624,924 | 672,543 | 418,301 | 109,090 | 166,285 | 297,934 | |||
| Preferred stock | 61 | 61 | 61 | 61 | 61 | 61 | |||
| Common stock | 6,866 | 5,456 | 4,774 | 3,309 | 2,211 | 2,195 | |||
| Additional paid in capital | 1,765,044 | 1,647,896 | 1,344,526 | 922,042 | 769,639 | 749,537 | |||
| Accumulated deficit | (1,147,047) | (980,870) | (931,060) | (816,322) | (605,626) | (453,859) | |||
| Other undisclosed equity | 52,770 | ||||||||
| Total equity: | 624,924 | 672,543 | 418,301 | 109,090 | 166,285 | 350,704 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,324,028 | 1,426,683 | 621,806 | 292,995 | 382,322 | 408,548 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 166,128 | 391,926 | 71,275 | 37,434 | 28,774 | 10,286 | ||
| Cost of revenue | (95,625) | (175,471) | (47,131) | (40,108) | (7,071) | (6,115) | ||
| Cost of goods and services sold | (36,438) | (17,223) | ||||||
| Gross profit: | 70,503 | 216,455 | 24,144 | (2,674) | 21,703 | 4,171 | ||
| Operating expenses | (219,165) | (234,228) | (136,877) | (163,965) | (174,633) | (138,006) | ||
| Other undisclosed operating income | 7,071 | 6,115 | ||||||
| Operating loss: | (148,662) | (17,773) | (112,733) | (166,639) | (145,859) | (127,720) | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 32,827 | (18,177) | 5,951 | (612) | 10,447 | 211 | ||
| Interest and debt expense | (32,295) | (3,978) | 1,422 | (267) | ||||
| Loss from continuing operations before equity method investments, income taxes: | (148,130) | (39,928) | (105,360) | (167,251) | (135,412) | (127,776) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (18,047) | (9,882) | (9,378) | (43,445) | (16,355) | 1,841 | ||
| Loss from continuing operations before income taxes: | (166,177) | (49,810) | (114,738) | (210,696) | (151,767) | (125,935) | ||
| Income tax benefit | 190 | |||||||
| Loss from continuing operations: | (166,177) | (49,810) | (114,738) | (210,696) | (151,767) | (125,745) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (114,738) | (210,696) | (151,767) | (125,745) | |
| Net loss: | (166,177) | (49,810) | (114,738) | (210,696) | (151,767) | (125,745) | ||
| Other undisclosed net loss attributable to parent | ||||||||
| Net loss available to common stockholders, diluted: | (166,177) | (49,810) | (114,738) | (210,696) | (151,767) | (125,745) | ||
Comprehensive Income ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (166,177) | (49,810) | (114,738) | (210,696) | (151,767) | (125,745) | ||
| Comprehensive loss, net of tax, attributable to parent: | (166,177) | (49,810) | (114,738) | (210,696) | (151,767) | (125,745) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.