# Trio Petroleum Corp (TPET)

**Exchange:** NYSE  
**Sector:** Energy  
**Market cap:** $4M  
**Price:** $0.40 (+12.66%)

> Trio Petroleum Corp is an oil and gas exploration, development, and production company operating in key North American basins. It focuses on acquiring and optimizing producing assets, particularly heavy oil properties, alongside exploration projects. The company's portfolio includes the South Salinas Project in Monterey County, California, where it holds significant working interests in the Presidents and Humpback oilfields; heavy oil wells and a produced-water disposal facility in the Lloydminster region of Saskatchewan, Canada; producing heavy oil assets in Alberta, Canada; and tar-sand deposits at P.R. Spring and Asphalt Ridge in Utah's Uintah Basin. Trio Petroleum Corp emphasizes low-cost operations, multilateral drilling opportunities, and partnerships with experienced operators like Novacor Exploration Ltd. Its activities span conventional oil exploration, heavy oil production, and innovative extraction techniques for bitumen resources, positioning it across diverse geological formations from Monterey shale to Lloydminster sands. Founded in 2021 and headquartered in Bakersfield, California, Trio Petroleum Corp maintains a streamlined structure with operations supported by regulatory approvals in multiple jurisdictions.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $398,734 | $223,005 | -$5M | -$7M | $-0.80 |
| 2024 | $213,204 | $213,204 | -$6M | -$10M | $-4.32 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $13M | $2M | $11M | — | — |
| 2024 | $12M | $3M | $9M | — | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | -$3M | — | — |
| 2024 | -$4M | — | — |
| 2023 | -$4M | — | — |
| 2022 | -$502,144 | — | — |

Source: [CompaniesByCap](https://companiesbycap.com/company/TPET)