Trio Petroleum Corp
About Trio Petroleum Corp
Trio Petroleum Corp is an oil and gas exploration and development company with operations in Monterey County, California, and Uintah County, Utah. The Company holds a working interest in the South Salinas Project and a mineral leasehold consisting of a largely contiguous land package. The South Salinas Project includes six existing idle wells and one active well (the HV-1 well). Trio LLC is a licensed operator in California and operates the South Salinas Project and the McCool Ranch Oil Field on behalf of the Company.
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Financial summary
- Revenue FY2025
- $398.7K
- Net income
- -$7.3M
- Total assets
- $13.2M
- Market cap
- $12.0M
- Gross margin
- 743.4%
- Operating margin
- -17573.7%
- Net margin
- -24273.8%
Source: SEC EDGAR · updated Jun 7, 2026
Revenue & profit trend
Financial statements
Income statement
- Revenue
- $30.0K
- Cost of revenue
- -$193.0K
- Gross profit
- $223.0K
- Operating expenses
- $5.5M
- Operating income
- -$5.3M
- Net income
- -$7.3M
- EPS (basic)
- $-0.80
- EPS (diluted)
- $-0.80
Balance sheet
- Total assets
- $13.2M
- Current assets
- $1.1M
- Total liabilities
- $1.9M
- Current liabilities
- $1.9M
- Shareholders’ equity
- $11.3M
Cash flow
- Operating cash flow
- -$2.6M
- Investing cash flow
- -$978.6K
- Financing cash flow
- $4.2M
- Net cash flow
- $581.7K
Statements via Polygon.io (SEC filings)
- Market cap
- $12.0M
- EPS (diluted)
- $-0.8
- Shares outstanding
- 31.6M
- Open
- —
- Day range
- –
- Prev close
- —
- Volume
- —
- IPO date
- Apr 18, 2023
Market data by Polygon.io · prices are 15-minute delayed
At a glance
- Reported a net loss of $7.3M in FY2025.
- Gross margin of 743.4%, net margin -24273.8%.
- Trading 81% below its 52-week high.
Automatically generated from public filings and market data. Informational only — not investment advice or a recommendation to buy or sell any security.
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