TELLURIAN INC. /DE/
tellurianinc.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q2 FY2024 10-Q, filed Aug 8, 2024. Its latest SEC filing is a 15-12G from Nov 8, 2024.
10-Q for Q2 FY2024, filed Aug 8, 2024
The sections below describe the company as of the FY2023 annual report.
What Did They Do?
Produces and sells natural gas, and develops LNG terminals and pipelines while marketing LNG to global counterparties.
10-K for FY2023, filed Feb 23, 2024Tellurian Inc. (“Tellurian,” “we,” “us,” “our,” or the “Company”), a Delaware corporation, is a Houston-based company that is developing…View ↗
As part of our execution strategy, which includes increasing our asset base, we will consider various commercial arrangements with third…View ↗
We manage and report our operations in three reportable segments. The Upstream segment is organized and operates to produce, gather, and…View ↗
How Did They Make Money?
The company sells natural gas by unit delivered to the designated sales point; LNG buyers pay within 10 days after delivery, once unloading is complete.
10-K for FY2023, filed Feb 23, 2024For the sale of natural gas, we consider the delivery of each unit (MMBtu) to be a separate performance obligation that is satisfied upon…View ↗
Each LNG cargo, in its entirety, is deemed to be a single performance obligation due to each molecule of LNG being distinct and…View ↗
Purchases and sales of LNG inventory with the same counterparty that are entered into in contemplation of one another (including buy/sell…View ↗
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10-K for FY2023, filed Feb 23, 2024
FY2023 revenue by product or service ↗
$166.1M
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10-K for FY2023, filed Feb 23, 2024
$166.1M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Natural gas sales
Sold outright
10-K for FY2023, filed Feb 23, 2024 |
100%
FY2020: 81%
|
Natural gas sales, FY2023
$166.1M Sources
|
Sold outright |
|
LNG sales
Sold outright
|
0.0%
FY2020: 19%
|
LNG sales, FY2023
$0 Sources
|
Sold outright |
Who Were Their Customers?
Tellurian pursued direct sales of LNG to global counterparties.
10-K for FY2023, filed Feb 23, 2024As part of our execution strategy, which includes increasing our asset base, we will consider various commercial arrangements with third…View ↗
Did Revenues Turn Into Profits?
No. It lost $166.2M in FY2023.
10-K for FY2023, filed Feb 23, 2024
How Were They Changing?
- Net income
-
Sources
10-Q for Q2 FY2024, filed Aug 9, 2024
−$139.8MView ↗
- ▲ +134% (Loss)
- vs −$59.6M in Q2 FY2023
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Oct 9, 2024
Woodside completed its acquisition of Tellurian
Tellurian common shares converted into the right to receive $1.00 in cash per share, and the company requested delisting of its common stock.
Sources
8-K, filed Oct 9, 2024
On the Closing Date, the Merger was consummated. Pursuant to the Merger Agreement, at the effective time of the Merger (the “Effective…View ↗
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Jul 22, 2024
Tellurian agreed to be acquired by Woodside
The agreement set $1.00 cash per common share, subject to stockholder approval and specified regulatory approvals.
Sources
8-K, filed Jul 22, 2024
Pursuant to the Merger Agreement, at the effective time of the Merger (the “Effective Time”), each share of Tellurian’s common stock (the…View ↗
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Jul 1, 2024
Tellurian completed sale of its upstream and related midstream assets
It used approximately $240.0 million of net proceeds to repay all 10.00% Senior Secured Notes due 2025.
Sources
8-K, filed Jul 1, 2024
In accordance with the terms of the indenture governing the terms of the Company’s 10.00% Senior Secured Notes due 2025 (the “Senior…View ↗
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May 29, 2024
Tellurian agreed to sell upstream assets and discuss LNG sales with Aethon
The heads of agreement outlined a potential 20-year LNG purchase deal; the asset sale price was $260.0 million, subject to adjustments.
Sources
8-K, filed May 29, 2024
On May 28, 2024, Tellurian Production LLC (“Tellurian Production Company”) and Tellurian Operating LLC (together with Tellurian Production…View ↗
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