Posted 2/23/2024, 12:28:00 PM
Tellurian Reports 2023 Financials, Progress on Driftwood LNG Amid Lower Production Volumes
- Tellurian reported 2023 financial results, showing progress on Driftwood LNG project like driving piles and advancing pipeline approval
- Amended debt agreements to provide financial flexibility, though provided collateral on Driftwood
- Upstream production declined to 72.5 Bcf from higher 2022 volumes, revenue fell to $166 million
- Net loss for 2023 was $166 million compared to $49.8 million loss in 2022
- At year end 2023, Tellurian had $1.3 billion in assets including $75.8 million in cash and equivalents