Board Change • Sep 03
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Director Jonathan Gross was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 09
Second quarter 2024 earnings released: US$0.046 loss per share (vs US$0.11 loss in 2Q 2023) Second quarter 2024 results: US$0.046 loss per share (improved from US$0.11 loss in 2Q 2023). Net loss: US$38.4m (loss narrowed 36% from 2Q 2023). Revenue is forecast to grow 47% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Oil and Gas industry in South America. Board Change • Jul 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Director Jonathan Gross was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Jul 24
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 59% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$68m free cash flow). Shares are highly illiquid. Earnings are forecast to decline by an average of 28% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (US$308m net loss in 3 years). Board Change • Jun 13
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Director Jonathan Gross was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 03
Tellurian Reportedly in Talks with Potential Buyers to Sell its Haynesville Shale Gas Business Tellurian Inc. (NYSEAM:TELL) has sent home more than a dozen workers from its upstream gas production business, according to three people familiar with the matter. The Houston-based company has been holding talks with potential buyers to sell its Haynesville shale gas business to raise capital for its proposed Driftwood LNG export plant. Tellurian has said it was evaluating several bids for the property, and the people familiar with the matter said the firm expects to make a decision in the coming weeks. It could not immediately learned what companies held talks. In February, Tellurian officials said it is exploring the sale of its Haynesville upstream business to raise capital for its Driftwood LNG project. Weak natural gas prices could reduce the value Tellurian could get for its asset, analysts have said. Announcement • Apr 27
Tellurian Inc., Annual General Meeting, Jun 05, 2024 Tellurian Inc., Annual General Meeting, Jun 05, 2024, at 08:30 US Eastern Standard Time. Location: 1201 Louisiana Street, 35th Floor Houston Texas United States Agenda: To elect the two nominees identified in the enclosed proxy statement as members of the board of directors of Tellurian, each to hold office for a three-year term expiring at the 2027 annual meeting of stockholders; to ratify the appointment of Deloitte & Touche LLP as the independent registered public accounting firm of the Company for the fiscal year ending December 31, 2024; to approve, on a non-binding advisory basis, the compensation of the Company's named executive officers as disclosed in the enclosed proxy statement; and to transact such other business as may properly come before the annual meeting or any adjournment or postponement thereof. Announcement • Mar 22
Tellurian Inc. Announces Executive Changes Tellurian Inc. announced leadership changes ahead of its CEO's previously announced departure. Octávio Simões stepped down from his CEO position on March 15 and became senior commercial adviser for the company ahead of his retirement in June, the natural gas company said March 18. The board of directors elected to not renew or extend CEO Octávio Simões' employment after his contract ends on June 5, 2024. Daniel Belhumeur, president of the company, now is company's principal executive officer and co-principal operating officer following Simões' resignation from the CEO role. Belhumeur oversees finance, investor relations, legal, public and government affairs and human resources. Announcement • Jan 26
Tellurian Reportedly Exploring Possible Sale with Help of Adviser Tellurian Inc., (NYSEAM:TELL) which is seeking to export US natural gas, said it has hired Lazard Inc. to explore “commercial opportunities.” Options under consideration include a potential sale of the company, according to people familiar with the situation. Tellurian, which has struggled to bring its proposed Louisiana gas-export facility to fruition since its 2016 founding, may attract heightened interest because it already has necessary government approvals for its Driftwood LNG project. The shares surged as much as 20% in after-hours trading January 25, 2024. Board Change • Jan 06
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Independent Director Jonathan Gross was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 11
Tellurian Announces Executive Changes Tellurian Inc. announced that following the appointment of Martin J. Houston as Chairman of the Board, the Board of Directors has named former General Counsel Daniel Belhumeur as President of Tellurian, and former Deputy General Counsel Meredith Mouer as General Counsel and Chief Compliance Officer of Tellurian. Mr. Houston co-founded Tellurian in 2016 and has served as Vice Chairman of the Board since the Company’s inception. With over 40 years of experience in the energy industry, he has held leadership, board, or advisory positions at various companies, including BG Group plc, Severn Trent plc, EnQuest plc, Energean plc, TPH International, Moelis, Hakluyt, BUPA, Bupa Arabia, and CC Energy. Mr. Belhumeur has served as the General Counsel of Tellurian since February 2017 and as Chief Compliance Officer since March 2017. Prior to joining Tellurian, he served as Vice President, Tax and General Tax Counsel, Tax Director and Domestic Tax Counsel at Cheniere Energy Inc. Ms. Mouer has served as Deputy General Counsel since February 2017, and was formerly a partner at Andrews Kurth LLP. Announcement • Dec 09
Tellurian Inc. Announces Board Changes Tellurian Inc. announced that its Board of Directors has named Martin Houston, Co-Founder and Vice Chairman, to be Chairman of the Board of Directors. Co-Founder Charif Souki will no longer serve as an executive or officer of the Company or hold any managerial responsibilities. Mr. Souki remains a member of the Board of Directors. Announcement • Aug 26
Tellurian Inc. announced that it has received $299.391238 million in funding On August 25, 2023, Tellurian Inc. closed the transaction. The transaction included participation from a single investor Announcement • Aug 17
Tellurian Inc. announced that it has received $333.334 million in funding On August 15, 2023, Tellurian Inc. closed the transaction. New Risk • Aug 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings are forecast to decline by an average of 27% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$185m net loss in 3 years). Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Reported Earnings • Aug 10
Second quarter 2023 earnings released: US$0.11 loss per share (vs US$0 in 2Q 2022) Second quarter 2023 results: US$0.11 loss per share (further deteriorated from US$0 in 2Q 2022). Revenue: US$32.0m (down 48% from 2Q 2022). Net loss: US$59.6m (loss widened US$59.6m from 2Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Oil and Gas industry in South America. Announcement • Aug 09
Tellurian Inc. announced a Purchase agreement signed On August 8, 2023, Tellurian Inc. entered into a securities purchase agreement with an institutional investor 
