22 July 2024business combination● Neutral
Tellurian issued the public press release announcing the Woodside acquisition agreement, without additional financial terms beyond those in the merger agreement filed the same day.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
22 July 2024business combination● NeutralMajor
Tellurian agreed to be acquired by Woodside Energy in an all-cash deal at $1.00 per common share (and $8.16489 per Series C preferred share) -- a fraction of the company's peak valuation, but an exit for a company that had spent years struggling to reach a final investment decision on Driftwood alone.
22 July 2024agm notice● Neutral
TELLURIAN INC. /DE/ announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
8 July 2024substantial holder notice● Neutral
BlackRock, Inc reported a TELLURIAN INC. /DE/ shareholding of 20,968,832 shares (2.50% of votes) in a periodic institutional filing.
1 July 2024asset acquisition disposition▼ BadMajor
Tellurian sold its entire upstream Haynesville Shale gas production business in Louisiana to Aethon United for $260 million and used most of the proceeds ($240 million) to fully retire its 10% senior secured notes due 2025 -- effectively abandoning the integrated upstream-plus-LNG strategy built since 2017 in favor of shoring up the balance sheet.
3 May 2024material agreement termination▼ Bad
Tellurian terminated its $500 million T.R. Winston at-the-market facility, saying it no longer expected to use it, while keeping the newer Virtu facility (with about $348.7 million of remaining capacity) in place -- a sign the company was pulling back from the aggressive equity-raising pace of prior years.
2 May 2024quarterly activities report▼ Bad
TELLURIAN INC. /DE/ reported quarterly revenue of $25.5 million and a net loss of $44.0 million for the period ended 2024-03-31.
2 May 2024quarterly activities report▼ Bad
TELLURIAN INC. /DE/ reported quarterly revenue of $25.5 million and a net loss of $44.0 million for the period ended 2024-03-31.
25 Apr 2024agm notice● Neutral
TELLURIAN INC. /DE/ shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
22 Mar 2024director interest notice● Neutral
Samik Mukherjee became a TELLURIAN INC. /DE/ officer and company insider (initial ownership filing).
18 Mar 2024material agreement● Neutral
Tellurian opened yet another at-the-market equity facility, this time with Virtu Americas, carrying over the roughly $366 million of remaining capacity from its prior T.R. Winston facility.
18 Mar 2024securities registration● Neutral
TELLURIAN INC. /DE/ filed a prospectus supplement for an offering off its existing shelf.
13 Feb 2024substantial holder notice● Neutral
The Vanguard Group reported a TELLURIAN INC. /DE/ shareholding of 33,231,400 shares (5.23% of votes) in a periodic institutional filing.
26 Jan 2024substantial holder notice● Neutral
BlackRock, Inc reported a TELLURIAN INC. /DE/ shareholding of 44,634,754 shares (7.00% of votes) in a periodic institutional filing.
2 Jan 2024securities registration● Neutral
TELLURIAN INC. /DE/ filed a prospectus supplement covering resales by selling shareholders.
18 Dec 2023director interest notice● Neutral
TELLURIAN INC. /DE/ director Jonathan S Gross bought 120,000 shares on the open market at $0.67.
9 Nov 2023director interest notice● Neutral
TELLURIAN INC. /DE/ director Jonathan S Gross bought 100,000 shares on the open market at $0.61.
2 Nov 2023quarterly activities report▼ Bad
TELLURIAN INC. /DE/ reported quarterly revenue of $43.3 million and a net loss of $65.4 million for the period ended 2023-09-30.
2 Nov 2023quarterly activities report▼ Bad
TELLURIAN INC. /DE/ reported quarterly revenue of $43.3 million and a net loss of $65.4 million for the period ended 2023-09-30.
25 Aug 2023securities registration● Neutral
TELLURIAN INC. /DE/ filed notice of an exempt private placement.
16 Aug 2023securities registration● Neutral
TELLURIAN INC. /DE/ filed a prospectus supplement covering resales by selling shareholders.
9 Aug 2023quarterly activities report▼ Bad
TELLURIAN INC. /DE/ reported quarterly revenue of $0 and a net loss of $59.6 million for the period ended 2023-06-30.
8 Aug 2023capital raising announcement● NeutralMajor
Tellurian agreed to sell $250 million of senior secured notes (at an 11% discount) and $83.3 million of senior secured convertible notes. It would use the proceeds to partially redeem its $333.3 million 6% convertible notes, with the rest of that principal forgiven.
7 Aug 2023quarterly activities report▼ Bad
TELLURIAN INC. /DE/ reported quarterly revenue of $0 and a net loss of $59.6 million for the period ended 2023-06-30.
19 July 2023material agreement termination▲ GoodMajor
Tellurian signed a binding commitment letter with a Blue Owl Real Estate Capital fund for the $1.0 billion, 40-year sale-leaseback of about 800 acres at Driftwood. It replaced April's letter of intent and added a one-year exclusivity period and a 3% break fee.
5 July 2023director interest notice● Neutral
TELLURIAN INC. /DE/ director Jonathan S Gross bought 100,000 shares on the open market at $1.38.
7 June 2023agm notice● Neutral
TELLURIAN INC. /DE/ shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
2 June 2023director interest notice● Neutral
TELLURIAN INC. /DE/ CFO Simon George Oxley acquired 600,000 shares and disposed of 55,366 in a set of related equity transactions.
2 June 2023director interest notice● Neutral
Simon George Oxley became a TELLURIAN INC. /DE/ CFO and company insider (initial ownership filing).
24 May 2023agm notice● Neutral
TELLURIAN INC. /DE/ announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).