Tellurian reports first quarter 2024 results and Driftwood LNG progress
Tellurian Inc. (Tellurian or the Company) (NYSE American: TELL) continued making progress on Driftwood LNG phase one construction with Bechtel.
- Tellurian Inc. (Tellurian or the Company) (NYSE American: TELL) continued making progress on Driftwood LNG phase one construction with Bechtel.
- Executive Chairman Martin Houston said, “Over the past few months, our senior team has sharpened its focus on stability, financial discipline and execution, and we are laser-focused on bringing Driftwood to final investment decision.
- Tellurian generated approximately $25.5 million in natural gas revenues in the first quarter of 2024, driven by decreased realized natural gas prices and production volumes, compared to $50.9 million in the first quarter of 2023.
- As of March 31, 2024, Tellurian had approximately $1.3 billion in total assets, including approximately $51.8 million of cash and cash equivalents.