Tellurian Inc. has recently released its 10-Q report, providing a detailed insight into the company's financial condition and results of operations. Tellurian, a Houston-based company, is focused on developing a portfolio of liquefied natural gas (LNG) marketing and infrastructure assets, including the Driftwood terminal and related pipelines. The company operates through a single segment after the sale of its upstream assets.
The report highlights the significant events that have impacted Tellurian's financial position. This includes the execution of a Merger Agreement with Woodside Energy, the sale of upstream assets, and the retirement of outstanding principal obligations under the Senior Notes. Tellurian's liquidity and capital resources are a focal point in the report, with the company addressing its ongoing source of revenues and ability to meet its obligations.
The report also delves into Tellurian's capital development activities, emphasizing the significant capital required for the construction of the Driftwood terminal and the company's plans to fund its liquidity requirements through available cash and proceeds from the Bridge Loan Agreement.
In terms of results of operations, the report provides a breakdown of the company's performance, including natural gas sales, total revenue, operating expenses, and net loss from continuing operations. It also covers the results of discontinued operations, showcasing the impact of the sale of upstream assets on Tellurian's financials.
The market has reacted to these announcements by moving the company's shares -0.1% to a price of $0.91. For more information, read the company's full 10-Q submission here.
