Tellurian Inc. engages in the natural gas business worldwide. The company is developing a portfolio of natural gas production, liquefied natural gas (LNG) marketing, and infrastructure assets that includes an approximately 27.6 million tonnes per annum LNG terminal facility and an associated pipeline in southwest Louisiana. It owns interests in 9,373 net acres of natural gas production assets, and 72 producing wells located in the Haynesville Shale trend of northern Louisiana. The company was founded in 2016 and is headquartered in Houston, Texas.
IPO Year:
Exchange: NASDAQ
Website: tellurianinc.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
2/14/2023 | $4.00 → $1.50 | Buy → Underperform | BofA Securities |
8/9/2022 | $6.50 → $4.50 | Neutral → Buy | BofA Securities |
8/2/2022 | $7.50 → $4.50 | Outperform → In-line | Evercore ISI |
4/1/2022 | $5.50 → $8.00 | Neutral → Outperform | Credit Suisse |
8/23/2021 | $8.00 → $7.00 | Equal-Weight | Morgan Stanley |
8/11/2021 | $6.00 → $5.50 | Neutral | Credit Suisse |
7/8/2021 | $8.00 | Buy | B. Riley Securities |
Tellurian Inc. (Tellurian or the Company) (NYSE:TELL) announced today 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. Chief Executive Officer Octávio Simões said, "This is an important moment for Tellurian as we navigate several key initiatives. We are focused on unlocking shareholder value via execution of potential development and commercial partners at Driftwood LNG, while also evaluating options to refinance our existing debt, streamline costs and
HOUSTON--(BUSINESS WIRE)--Tellurian Inc. (Tellurian) (NASDAQ: TELL) today named Octávio Simões as President and Chief Executive Officer (CEO), and Jonathan Gross and Jean Abiteboul as new independent Board members, adding significant strength to an already experienced team. Mr. Simões was President and CEO of Sempra LNG & Midstream where he was responsible for all liquefied natural gas (LNG) and natural gas midstream activities, including Cameron LNG, a 12 million tonnes per annum (mtpa) liquefaction facility that came onstream with first LNG exports in August 2019. Mr. Simões joined Tellurian as Executive Vice President, LNG Marketing and Business Development. He has engineeri
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Creates a global LNG powerhouse Attractive entry into scalable, fully permitted 27.6 million tonnes per annum (Mtpa) US LNG development option Significant cash generation potential to underpin long-term shareholder returns Woodside has entered into a definitive agreement to acquire all issued and outstanding common stock of Tellurian (NYSE:TELL) including its owned and operated US Gulf Coast Driftwood LNG development opportunity ("Driftwood LNG"). The consideration for the transaction is an all-cash payment of approximately $900 million, or $1.00 per share of outstanding Tellurian common stock. The implied enterprise value is approximately $1,200 million.1 This represents an att
Tellurian Inc. (Tellurian or the Company) (NYSE:TELL) ended the fourth quarter of 2022 with the first phase of Driftwood LNG under construction, and $474.2 million of cash and cash equivalents. Tellurian also increased natural gas production fourfold to approximately 225 million cubic feet per day (MMcfd) in the fourth quarter of 2022 as compared to approximately 55 MMcfd in the fourth quarter of 2021. Tellurian also had the following significant accomplishments in 2022: Issued a limited notice to proceed to Bechtel Energy, Inc. and began construction of phase one of Driftwood LNG Completed the acquisition of natural gas assets of approximately 5,000 net acres and 44 producing wells P
WASHINGTON--(BUSINESS WIRE)--In the latest edition of CERAWeek Conversations, Ignacio S. Galán, chairman and CEO of Iberdrola—the world’s number one producer of wind power—says he is “more than delighted” with the growing competition in the renewable energy space from traditional oil and gas players and that the opportunities to electrify economies means that “there is room for everybody.” In a conversation with Daniel Yergin, vice chairman, IHS Markit (NYSE: INFO), Galán discusses Iberdrola’s pioneering role in wind technology, despite skepticism from regulators, investors and competitors; innovative approaches to the energy transition; the multifunctional applications of green
BofA Securities downgraded Tellurian from Buy to Underperform and set a new price target of $1.50 from $4.00 previously
BofA Securities upgraded Tellurian from Neutral to Buy and set a new price target of $4.50 from $6.50 previously
Evercore ISI downgraded Tellurian from Outperform to In-line and set a new price target of $4.50 from $7.50 previously
Credit Suisse upgraded Tellurian from Neutral to Outperform and set a new price target of $8.00 from $5.50 previously
Morgan Stanley reiterated coverage of Tellurian with a rating of Equal-Weight and set a new price target of $7.00 from $8.00 previously
Credit Suisse reiterated coverage of Tellurian with a rating of Neutral and set a new price target of $5.50 from $6.00 previously
B. Riley Securities initiated coverage of Tellurian with a rating of Buy and set a new price target of $8.00
Credit Suisse reiterated coverage of Tellurian with a rating of Neutral and set a new price target of $6.00 from $2.00 previously
Evercore ISI upgraded Tellurian from In-line to Outperform and set a new price target of $7.00 from $3.00 previously
Morgan Stanley upgraded Tellurian from Underweight to Equal-Weight and set a new price target of $8.00
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OVERLAND PARK, KS / ACCESSWIRE / October 8, 2024 / Tortoise Capital today announced that Tellurian Inc (NYSE:TELL) will be removed from the Tortoise Decarbonization Infrastructure Indexsm (DCRBN) as a result of its announced acquisition by Woodside Energy Group LTD. As a result, TELL will be removed from the Index when the market opens on Oct. 10, 2024.Special rebalancing is not required for DCRBN. TELL will be removed, and its weight distributed pro rata to remaining Index constituents.About Tortoise Index Solutions (TIS)TIS provides research-driven indices that can be used as a realistic basis for exchange-traded products and thought leadership in the universe of essential assets. Its indi
Tellurian Inc. ("Tellurian") (NYSE:TELL) today announced that its stockholders have approved the Merger Agreement Proposal, as defined in Tellurian's proxy statement, filed with the Securities and Exchange Commission (the "SEC") on August 27, 2024, for its Special Meeting of Stockholders. About Tellurian Inc. Tellurian aims to generate shareholder value by establishing a competitive LNG enterprise, effectively supplying natural gas to customers worldwide. Headquartered in Houston, Texas, Tellurian is actively developing Driftwood LNG, an approximately 27.6 mtpa LNG export facility and associated pipeline network. Tellurian is publicly traded on the NYSE American under the symbol "TELL". F
Creates a global LNG powerhouse Attractive entry into scalable, fully permitted 27.6 million tonnes per annum (Mtpa) US LNG development option Significant cash generation potential to underpin long-term shareholder returns Woodside has entered into a definitive agreement to acquire all issued and outstanding common stock of Tellurian (NYSE:TELL) including its owned and operated US Gulf Coast Driftwood LNG development opportunity ("Driftwood LNG"). The consideration for the transaction is an all-cash payment of approximately $900 million, or $1.00 per share of outstanding Tellurian common stock. The implied enterprise value is approximately $1,200 million.1 This represents an att
All-cash transaction provides substantial and certain value to Tellurian shareholders Offer reflects new leadership's progress executing the company's refreshed strategy Tellurian Inc. ("Tellurian") (NYSE:TELL) today announced that it has entered into a definitive agreement with subsidiaries of Woodside Energy Group Ltd ("Woodside") (ASX: WDS) pursuant to which Woodside will acquire all the outstanding shares of Tellurian for $1.00 per share in an all-cash transaction. "This transaction provides substantial and certain value for our shareholders. Following our strategic repositioning in December, our new leadership has strengthened Tellurian's position and advanced Driftwood LNG. W
Tellurian Inc. (Tellurian or the Company) (NYSE:TELL) announced today that it has closed the previously reported sale of its integrated upstream assets for $260 million to affiliates of Aethon Energy Management LLC (Aethon), fulfilling a key objective outlined in May and substantially strengthening its balance sheet as it advances the Driftwood liquefied natural gas (LNG) project. The Company utilized proceeds from the sale to retire the $230 million of non-convertible Senior Secured Notes scheduled to mature in 2025. "With the retirement of the senior secured debt, Tellurian is in a much-improved commercial position as we work to advance Driftwood LNG," said Tellurian President Danie
Enters into Heads of Agreement for Two mtpa of LNG from Driftwood LNG Tellurian Inc. (NYSE:TELL) and Aethon Energy Management LLC (Aethon) announced an agreement for Aethon to acquire Tellurian's integrated upstream assets for $260 million, alongside a Heads of Agreement for Aethon to purchase two million tons per annum (mtpa) of liquified natural gas (LNG) from Tellurian's Driftwood LNG plant. The assets will expand Aethon's footprint in the Louisiana Haynesville and Bossier shale basins with approximately 31,000 net acres, including gathering and treating systems that have capacity for up to 100 million cubic feet per day (MMcf/d) that will bring Aethon's pro forma gathering and treat
Tellurian Inc. (Tellurian or the Company) (NYSE:TELL) continued making progress on Driftwood LNG phase one construction with Bechtel. Executive Chairman Martin Houston said, "Over the past few months, our senior team has sharpened its focus on stability, financial discipline and execution, and we are laser-focused on bringing Driftwood to final investment decision. To this end, we continue to take important steps to improve our balance sheet and liquidity position, and we continue to benefit from our strong regulatory standing. In addition, we have better aligned our commercial offerings to meet the needs of potential customers, and we are highly encouraged by our ongoing commercial discu
Tellurian Inc. (Tellurian) (NYSE:TELL) announced today the following leadership changes: Executive Vice President and President of Driftwood Assets, Samik Mukherjee, has been appointed President of Tellurian Investments, and has responsibility for the development of all Tellurian's assets, including upstream, Driftwood LNG and pipeline, as well as permitting, safety and asset integrity. Daniel Belhumeur, President of Tellurian Inc., retains accountability for finance, investor relations, legal, public and government affairs and human resources. Presidents Samik Mukherjee and Daniel Belhumeur will jointly manage Tellurian's commercial activities as we integrate our commercial activi
Tellurian Inc. (Tellurian or the Company) (NYSE:TELL) reported its full year 2023 financial results today. During 2023, Tellurian took significant steps to advance the Driftwood LNG project, having driven over 14,000 piles at site and making progress on concrete foundations for critical equipment thus de-risking site construction. Tellurian also secured the Federal Energy Regulatory Commission (FERC) Certificate for the Company's pipelines (Lines 200 and 300) and continued to advance the fabrication of Baker Hughes zero-emissions ICL compressors for the pipeline. Subsequent to year end, Tellurian amended its senior secured notes and senior convertible notes to provide financial flexibilit
Tellurian Inc. (Tellurian) (NYSE:TELL) announced today an agreement for an amendment to the terms of certain debt instruments. The amendment is expected to enhance near-term liquidity and provide the company with flexibility to successfully complete the sale of its upstream assets. Among other items, the amendment provisions include a reduction in Tellurian's minimum cash balance requirement and the ability for the company to make its upcoming interest payments in-kind. Chief Executive Officer Octávio Simões said, "This amendment to our debt agreement is pivotal towards establishing a sustainable capital structure and accelerating our strategic priority, Driftwood LNG. It also provides us