TPET

Company Overview — What Does Trio Petroleum Corp. Do?

We are an oil and gas exploration and development company headquartered in Bakersfield, California, with operations in Monterey County, California. The Company was incorporated on July 19, 2021, under the laws of Delaware to acquire, fund and develop oil exploration and production assets in California. We have no revenue-generating operations as of the date of this prospectus. The Company was formed to acquire Trio Petroleum LLC’s (“Trio LLC”) approximate 82.75% working interest (“WI”) (which was subsequently increased to an approximate 85.75% working interest) in the large, approximately 8,600-acre South Salinas Project (the “South Salinas Project”), and subsequently partner with certain members of Trio LLC’s management team to develop and operate those assets. Trio LLC holds an approximate 3.8% WI in the South Salinas Project. We hold an approximate 68.6% net revenue interest in the South Salinas Project. We were formed as a Delaware corporation in July 2021. Our principal executive office is located at 4115 Blackhawk Plaza Circle, Suite 100, Danville, CA 94506 and our operations office is located at 5401 Business Park, Suite 115 Bakersfield, CA. Trio Petroleum Corp. (TPET) is classified as a micro-cap stock in the Energy sector, specifically within the Petroleum And Natural Gas industry. The company is led by CEO Frank C. Ingriselli. With a market capitalization of $22M, TPET is one of the notable companies in the Energy sector.

Trio Petroleum Corp. (TPET) Stock Rating — Reduce (April 2026)

As of April 2026, Trio Petroleum Corp. receives a Reduce rating with a composite score of 32.5/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.TPET ranks #3,862 out of 4,446 stocks in our coverage universe. Within the Energy sector, Trio Petroleum Corp. ranks #128 of 128 stocks, placing it in the lower half of its Energy peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

TPET Stock Price and 52-Week Range

Trio Petroleum Corp. (TPET) currently trades at $0.50. The stock lost $0.04 (7.7%) in the most recent trading session. The 52-week high for TPET is $2.50, which means the stock is currently trading -80.1% from its annual peak. The 52-week low is $0.35, putting the stock 39.8% above its annual trough. Recent trading volume was 6.3M shares, reflecting moderate market activity.

Is TPET Overvalued or Undervalued? — Valuation Analysis

Trio Petroleum Corp. (TPET) carries a value factor score of 17/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The price-to-book ratio stands at 2.01x, versus the sector average of 1.64x. The price-to-sales ratio is 78.28x, compared to 0.47x for the average Energy stock.

At current multiples, Trio Petroleum Corp. trades at a premium to most Energy peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

Trio Petroleum Corp. Profitability — ROE, Margins, and Quality Score

Trio Petroleum Corp. (TPET) earns a quality factor score of 24/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -59.7%, compared to the Energy sector average of 6.7%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -51.0% versus the sector average of 3.7%.

On a margin basis, Trio Petroleum Corp. reports gross margins of 69.7%, compared to 52.7% for the sector. The operating margin is -4429.3% (sector: 10.7%). Net profit margin stands at -6457.0%, versus 6.4% for the average Energy stock. Revenue growth is running at 163.8% on a trailing basis, compared to -1.2% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

TPET Debt, Balance Sheet, and Financial Health

Trio Petroleum Corp. has a debt-to-equity ratio of 17.0%, compared to the Energy sector average of 55.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 0.58x, which may signal near-term liquidity tightness. Total debt on the balance sheet is $467,179. Cash and equivalents stand at $882,162.

TPET has a beta of -2.27, meaning it is less volatile than the S&P 500, making it a relatively defensive holding. The stability factor score for Trio Petroleum Corp. is 30/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.

Trio Petroleum Corp. Revenue and Earnings History — Quarterly Trend

In TTM 2026, Trio Petroleum Corp. reported revenue of $289,537 and earnings per share (EPS) of $-0.80. Net income for the quarter was $-7M. Gross margin was 69.7%. Operating income came in at $-4M.

In FY 2025, Trio Petroleum Corp. reported revenue of $30,000 and earnings per share (EPS) of $-0.80. Net income for the quarter was $-7M. Gross margin was 743.4%. Revenue grew -85.9% year-over-year compared to FY 2024. Operating income came in at $-5M.

In Q3 2025, Trio Petroleum Corp. reported revenue of $192,395 and earnings per share (EPS) of $-0.17. Net income for the quarter was $-1M. Gross margin was 48.8%. Revenue grew 205.1% year-over-year compared to Q3 2024. Operating income came in at $-675,026.

In Q2 2025, Trio Petroleum Corp. reported revenue of $23,271 and earnings per share (EPS) of $-0.22. Net income for the quarter was $-2M. Gross margin was 60.2%. Revenue grew -68.1% year-over-year compared to Q2 2024. Operating income came in at $-868,979.

Over the past 8 quarters, Trio Petroleum Corp. has demonstrated a growth trajectory, with revenue expanding from $72,923 to $289,537. Investors analyzing TPET stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

TPET Dividend Yield and Income Analysis

Trio Petroleum Corp. (TPET) does not currently pay a dividend. This is common among smaller companies in the Petroleum And Natural Gas industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Energy dividend stocks may want to explore other Energy stocks or use the stock screener to filter by dividend yield.

TPET Momentum and Technical Analysis Profile

Trio Petroleum Corp. (TPET) has a momentum factor score of 43/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 21/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 69/100 reflects moderate short selling activity.

TPET vs Competitors — Energy Sector Ranking and Peer Comparison

Within the Energy sector, Trio Petroleum Corp. (TPET) ranks #128 out of 128 stocks based on the Blank Capital composite score. This places TPET in the lower half of all Energy stocks in our coverage universe. Key competitors and sector peers include TotalEnergies SE (TTE) with a score of 57.0/100, APA Corp (APA) with a score of 54.7/100, PRECISION DRILLING Corp (PDS) with a score of 53.4/100, Greenfire Resources Ltd. (GFR) with a score of 59.2/100, and EXXON MOBIL CORP (XOM) with a score of 55.1/100.

Comparing TPET against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full TPET vs S&P 500 (SPY) comparison to assess how Trio Petroleum Corp. stacks up against the broader market across all factor dimensions.

TPET Next Earnings Date

No upcoming earnings date has been announced for Trio Petroleum Corp. (TPET) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy TPET? — Investment Thesis Summary

The quantitative profile for Trio Petroleum Corp. suggests caution. The quality score of 24/100 flags below-average profitability. The value score of 17/100 indicates premium valuation. High volatility (stability score 30/100) increases portfolio risk.

In summary, Trio Petroleum Corp. (TPET) earns a Reduce rating with a composite score of 32.5/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on TPET stock.

Related Resources for TPET Investors

Explore more research and tools: TPET vs S&P 500 comparison, top Energy stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare TPET head-to-head with peers: TPET vs TTE, TPET vs APA, TPET vs PDS.