Tellurian Inc. (TELL) Tops Q2 EPS by 3c

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Go back to Tellurian Inc. (TELL) Tops Q2 EPS by 3c

Tellurian reports 47% increase in natural gas production for second quarter 2022

August 3, 2022 7:45 AM EDT

HOUSTON--(BUSINESS WIRE)-- Tellurian Inc. (Tellurian) (NYSE American: TELL) ended the second quarter with $823 million of cash on hand. During the quarter, Tellurian generated $61.3 million in revenues from natural gas sales on an increase of production of approximately 47% as compared to the previous quarter. Subsequent to the quarter end, Tellurian entered into an agreement to acquire various natural gas assets located on approximately 5,000 net acres and including 44 producing wells.

President and CEO Octávio Simões said, Tellurians business model provides a unique proposition amongst U.S. liquefied natural gas (LNG)... More