(NYSEMKT: TELL) has struggled mightily in recent years. Falling natural gas prices and surging interest rates have had a significant impact on its plan to build an integrated natural gas production and export business. Those issues have weighed heavily on its stock, which is down more than 90% from its peak in 2022.

However, Tellurian is finally making some progress on its turnaround plan. It has agreed to sell its upstream natural gas production assets to a company that will also support its Driftwood liquefied natural gas (LNG) export project. Here's a look at whether these positive developments make the beaten-down energy stock a buy.

Tellurian has agreed to sell its integrated upstream natural gas production assets to Aethon for $260 million. The business includes drillable land in two shale plays in Louisiana and some associated natural gas gathering and treating infrastructure. Tellurian was losing money from the business (a $44 million loss in the first quarter on only $25.5 million in revenue) due to lower natural gas prices and its lack of scale.

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Source Fool.com