What does advance against joint interest billings mean?

This liability represents funds received in advance from joint venture partners to cover their anticipated share of future project costs. It indicates the company's obligation to perform work or settle expenses on behalf of partners using these advanced funds. Managing these balances is critical for maintaining healthy partner relationships and ensuring accurate accounting for shared project expenditures.

Tamboran Resources TBN Advance against joint interest billings

Advance against joint interest billings at other companies

MTD

Matador ResourcesMTDR

$61.11M-47.2%

Occidental PetroleumOXY

$791M+20.4%

JBT Marel CorporationJBTM

$561M+13.1%

HighPeak Energy, Inc.HPK

$357K—

MTD

Matador ResourcesMTDR

$3.06M+109%

MGY

Magnolia Oil & Gas CorporationMGY

$32.06M—

Other financials

Income statement

See full

Revenue-—

Operating income-$8.4M+4.9%

Net income-$9.4M-41.3%

EPS (diluted)-$0.42+8.3%

Balance sheet

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Cash & equivalents$101.9M+298%

Total debt$84.5M+108%

Total equity$395.6M+64.9%

Total assets$672.1M+76.2%

Cash flow

See full

Operating cash flow-$12.5M+12.4%

CapEx$50.0K+47.1%

Free cash flow-$12.6M+12.2%

Valuation

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Market cap$1.13B+233%

Enterprise value$1.12B+214%

Returns & leverage

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Return on equity-10.8%-2.5pp

Debt / equity0.2×0.0×

Current ratio2×+0.9×

Where this comes from

Reported directly by Tamboran Resources in its filing.

Tagged under the XBRL concept trc:OilAndGasJointInterestBillingPayableCurrent.

The official record: Tamboran Resources’s 10-Q, filed May 13, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Tamboran Resources's advance against joint interest billings?: Tamboran Resources (TBN) reported advance against joint interest billings of $0 in Q1 2026.
What does advance against joint interest billings mean?: This liability represents funds received in advance from joint venture partners to cover their anticipated share of future project costs. It indicates the company's obligation to perform work or settle expenses on behalf of partners using these advanced funds. Managing these balances is critical for maintaining healthy partner relationships and ensuring accurate accounting for shared project expenditures.