Financial Snapshot

Revenue
$136.0K
TTM
Gross Margin
Net Earnings
-$9.246M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
17.22%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$8.062M
Q3 2024
Cash
Q3 2024
P/E
-0.3091
Nov 29, 2024 EST
Free Cash Flow
-$2.624M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021
Revenue $0.00 $0.00
YoY Change

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021
Revenue $0.00 $0.00
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021
Selling, General & Admin $4.356M $774.6K $24.83K
YoY Change 462.39% 3019.53%
% of Gross Profit
Research & Development $251.7K $28.67K $38.76K
YoY Change 778.06% -26.03%
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $4.611M $806.0K $63.95K
YoY Change 472.02% 1160.41%
Operating Profit -$4.611M -$806.0K
YoY Change 472.02%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021
Interest Expense $791.8K -$1.662M -$38.12K
YoY Change -147.64% 4259.86%
% of Operating Profit
Other Income/Expense, Net -$1.934M -$1.332M
YoY Change 45.14%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021
Pretax Income -$6.544M -$3.800M -$102.1K
YoY Change 72.2% 3623.68%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$6.544M -$3.800M -$102.1K
YoY Change 72.2% 3623.68%
Net Earnings / Revenue
Basic Earnings Per Share -$0.28 -$0.26
Diluted Earnings Per Share -$0.28 -$0.20 -$0.01

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021
Cash & Short-Term Investments $1.562M $73.65K $78.88K
YoY Change 2020.73% -6.63%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $133.4K $1.679M $211.5K
YoY Change -92.05% 693.98%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $1.695M $1.753M $290.3K
YoY Change -3.26% 503.63%
Property, Plant & Equipment $9.948M $5.836M $5.584M
YoY Change 70.45% 4.52%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00 $1.900M $1.900M
YoY Change -100.0% 0.0%
Total Long-Term Assets $9.948M $7.736M $7.484M
YoY Change 28.59% 3.37%
Total Assets $11.64M $9.489M $7.774M
YoY Change
Accounts Payable $609.4K $1.164M $16.12K
YoY Change -47.65% 7121.22%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $5.429M $3.662M
YoY Change -100.0% 48.26%
Long-Term Debt Due $1.218M
YoY Change
Total Short-Term Liabilities $1.851M $6.711M $3.681M
YoY Change -72.41% 82.32%
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $48.31K $54.99K $42.76K
YoY Change -12.15% 28.6%
Total Long-Term Liabilities $48.31K $54.99K $42.76K
YoY Change -12.15% 28.6%
Total Liabilities $1.900M $6.766M $3.724M
YoY Change -71.92% 81.7%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021
Basic Shares Outstanding 23.08M shares 14.80M shares
Diluted Shares Outstanding 23.08M shares 14.80M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $2.8577 Million

About Trio Petroleum Corp.

Trio Petroleum Corp is a US-based company operating in Oil, Gas & Consumable Fuels industry. The company is headquartered in Bakersfield, California and currently employs 7 full-time employees. The company went IPO on 2023-04-18. Trio Petroleum Corp. is an oil and gas exploration and development company. The firm has operations in Monterey County, California, and Uintah County, Utah. The firm has an 85.75% working interest in the South Salinas Project, and a mineral-leasehold of approximately 9,300 gross mineral acres in one largely contiguous land package. There are six existing idle wells and one active well (i.e., the HV-1 well) in the South Salinas Project. The firm has drilling permits from Monterey County for two additional wells at the South Salinas Project, the HV-2 well and the HV-4 well. The company also has a 22% working interest in the McCool Ranch Oil Field in Monterey County, California and an option to acquire a 20% working interest in the approximately 30,000 acre Asphalt Ridge project in Uinta County, Utah. 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.

Industry: Crude Petroleum & Natural Gas Peers: ABRAXAS PETROLEUM CORP CHESAPEAKE GRANITE WASH TRUST CONOCOPHILLIPS HUGOTON ROYALTY TRUST VIKING ENERGY GROUP, INC. RESERVE PETROLEUM CO US ENERGY CORP ZION OIL & GAS INC