TPET on NYSE

Trio Petroleum Corp

American crude petroleum and natural gas company, incorporated in Delaware. Summary from the record

Price unavailable

Last updated Oct 19, 2026.

Overview

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TickerTPET on NYSE¹
IndustryCrude Petroleum & Natural Gas¹
HeadquartersBoca Raton, Florida¹
Incorporated inDE²
Business addressOne Park Place, 621 Nw 53Rd Street Ste 125, Boca Raton, Fl 33487²
Filer category, Emerging growth company²

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2024 but is currently idled as we further discussions with local oil and gas companies to joint venture the project.³ From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

55.9%Gross margin⁴

-1322.2%Operating margin⁴

-1826.3%Net margin⁴

87.0%Revenue growth, 2025⁴

-64.4%Return on equity⁴

Where the money goes

Where each dollar of revenue went, fiscal 2025

Cost of revenueOther costs

Cost of revenue44¢$175.7K
Other costs56¢$223.0K

Out of $398.7K in revenue.⁴ The company lost money this year.

Financial statements

Revenue⁴$398.7K in 2025+87% since 2024

Gross profit⁴$223.0K in 2025+5% since 2024

Operating income⁵⁶⁴-$5.3M in 2025+554% since 2022

Net income⁵⁶⁴-$7.3M in 2025+92% since 2022

Every line of the income statement as filed: the last 3 fiscal years, latest first.⁴

Period ending	2025-10-31	2024-10-31	2023-10-31
Revenue	$398.7K	$213.2K
Cost of goods sold	$175.7K
Gross profit	$223.0K	$213.2K
Exploration expense	$45.6K	$177.4K
General and administrative expenses	$2.8M	$4.7M
Stock-based compensation expense	$2.6M	$1.5M
Accretion expense	$2.8K	$2.8K	$2.8K
Total operating expenses	$5.5M	$6.4M
Loss from operations	-$5.3M	-$6.2M
Interest expense	$605.5K	$2.1M
Loss on abandonment of oil and gas properties	$611.8K
Loss on extinguishment	$89.3K
Loss on conversion	$712.3K	$1.3M
Gain on foreign currency translation	-$8.8K
Total other expenses	$2.0M	$3.4M
Loss before income taxes	-$7.3M	-$9.6M
Net loss	-$7.3M	-$9.6M
Basic	-$0.80	-$4.32
Diluted	-$0.80	-$4.32
Basic	9.1M shares	2.2M shares
Diluted	9.1M shares	2.2M shares
Foreign currency translation adjustment	$14.5K
Comprehensive loss	-$7.3M	-$9.6M

Total assets⁵⁶⁴$13.2M in 2025+39% since 2022

Total liabilities⁵⁶⁴$1.9M in 2025−72% since 2022

Shareholders’ equity⁵⁶⁴$11.3M in 2025+179% since 2021

Cash⁵⁶⁴$882.2K in 2025+1018% since 2021

Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.⁴

Period ending	2025-10-31	2024-10-31	2023-10-31
Cash	$882.2K	$285.9K
Prepaid expenses and other receivables	$128.9K	$279.3K
Accounts receivable	$60.0K
Total current assets	$1.1M	$565.2K
Oil and gas properties - not subject to amortization	$12.1M	$11.1M
Total assets	$13.2M	$11.7M
Accounts payable and accrued liabilities	$1.3M	$1.0M
Asset retirement obligations current	$2.8K	$2.8K
Convertible notes, net of discounts	$467.2K
Due to operators	$5.7K	$103.1K
Promissory notes, net of discounts		$742.9K
Other current liabilities	$75.3K	$455.0K
Total current liabilities	$1.9M	$2.6M
Asset retirement obligations, net of current portion	$53.9K	$51.1K
Total non-current liabilities	$53.9K	$51.1K
Total liabilities	$1.9M	$2.6M
Common stock, $0.0001 par value; 150,000,000 shares authorized; 9,047,568 and 3,203,068 shares issued and outstanding as of October 31, 2025 and 2024, respectively	$906	$320
Stock subscription receivable	-$10.0K	-$10.0K
Additional paid-in capital	$38.7M	$29.1M
Accumulated other comprehensive income	$14.5K
Accumulated deficit	-$27.4M	-$20.1M
Total stockholders equity	$11.3M	$9.0M	$9.7M
Total liabilities and stockholders equity	$13.2M	$11.7M
Preferred stock, par value	$0.00	$0.00
Preferred stock, shares authorized	10.0M shares	10.0M shares
Preferred stock, shares issued	0 shares	0 shares
Preferred stock, shares outstanding	0 shares	0 shares
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	150.0M shares	150.0M shares
Common stock, shares issued	9.0M shares	3.2M shares
Common stock, shares outstanding	9.0M shares	3.2M shares

Period ending	2025-10-31	2024-10-31	2023-10-31
Cash	$882.2K	$285.9K
Prepaid expenses and other receivables	$128.9K	$279.3K
Accounts receivable	$60.0K
Total current assets	$1.1M	$565.2K
Oil and gas properties - not subject to amortization	$12.1M	$11.1M
Total assets	$13.2M	$11.7M
Accounts payable and accrued liabilities	$1.3M	$1.0M
Asset retirement obligations current	$2.8K	$2.8K
Convertible notes, net of discounts	$467.2K
Due to operators	$5.7K	$103.1K
Promissory notes, net of discounts		$742.9K
Other current liabilities	$75.3K	$455.0K
Total current liabilities	$1.9M	$2.6M
Asset retirement obligations, net of current portion	$53.9K	$51.1K
Total non-current liabilities	$53.9K	$51.1K
Total liabilities	$1.9M	$2.6M
Common stock, $0.0001 par value; 150,000,000 shares authorized; 9,047,568 and 3,203,068 shares issued and outstanding as of October 31, 2025 and 2024, respectively	$906	$320
Stock subscription receivable	-$10.0K	-$10.0K
Additional paid-in capital	$38.7M	$29.1M
Accumulated other comprehensive income	$14.5K
Accumulated deficit	-$27.4M	-$20.1M
Total stockholders equity	$11.3M	$9.0M	$9.7M
Total liabilities and stockholders equity	$13.2M	$11.7M
Preferred stock, par value	$0.00	$0.00
Preferred stock, shares authorized	10.0M shares	10.0M shares
Preferred stock, shares issued	0 shares	0 shares
Preferred stock, shares outstanding	0 shares	0 shares
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	150.0M shares	150.0M shares
Common stock, shares issued	9.0M shares	3.2M shares
Common stock, shares outstanding	9.0M shares	3.2M shares

Cash from operations⁵⁶⁴-$2.6M in 2025+419% since 2022

Every line of the cash flow as filed: the last 3 fiscal years, latest first.⁴

Period ending	2025-10-31	2024-10-31	2023-10-31
Net loss	-$7.3M	-$9.6M
Accretion expense	$2.8K	$2.8K	$2.8K
Debt discount - OID		-$348.0K
Amortization of debt discounts	$603.4K	$2.1M
Loss on abandonment of oil and gas properties	$611.8K
Issuance of common shares for services	$58.7K	$738.3K
Stock-based compensation	$2.6M	$1.5M
Loss on issuance of common shares in lieu of cash for debt payments	$711.3K	$1.0M
Loss on debt extinguishment	$89.3K
Accounts receivable	-$60.0K
Prepaid expenses and other receivables	$143.4K	-$145.9K
Other liabilities	-$379.7K	$455.0K
Accounts payable and accrued liabilities	$267.2K	$434.0K
Net cash used in operating activities	-$2.6M	-$3.8M
Capital expenditures for unproved oil and gas properties	-$881.1K	-$1.2M
Due to operators	-$97.5K	$81.5K
Net cash used in investing activities	-$978.6K	-$1.1M
Proceeds from issuance of notes payable from related parties		$250.7K
Proceeds from issuance of convertible notes payable	$1.6M	$550.0K
Proceeds from issuance of promissory notes		$2.3M
Proceeds from issuance of common stock under at-the-market offering program	$3.5M	$1.2M
Repayment of notes payable from related parties	-$198.5K
Repayment of convertible notes payable		-$154.7K
Repayment of promissory notes	-$588.6K	-$198.1K
Payments of debt issuance costs	-$134.7K	-$259.9K
Net cash provided by financing activities	$4.2M	$3.7M
Effect of foreign currency exchange	$14.5K
NET CHANGE IN CASH	$596.2K	-$1.3M
Issuance of warrants in connection with financing arrangement		$409.2K
Issuance of common stock upon vesting of RSUs	$21	$134.6K
Issuance of commitment shares in connection with financing arrangement		$667.5K

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Leadership

Who has led Trio Petroleum Corp, and when. Pick a name to see everywhere that person has worked.

Chief executive

2025

Chief executive officerRobin A. Ross Dec 4, 2024 to now⁹
Chief executive officerFrank C. Ingriselli Apr 17, 2023 to Jul 25, 2023¹⁰
Chief executive officerMichael L. Peterson Oct 30, 2023 to Oct 30, 2023¹¹
ChairStanford Eschner Apr 17, 2023 to Apr 17, 2023¹²
PresidentTerry Eschner Apr 17, 2023 to Apr 17, 2023¹³
Chief financial officerGregory L. Overholtzer Apr 17, 2023 to now¹⁴
Chief operating officerSteve Rowlee Apr 17, 2023 to Apr 17, 2023¹⁵

Board members and other officers (9)

Vice chairStanford Eschner Aug 25, 2025 to now¹⁶
Board memberStanford Eschner Aug 25, 2025 to now¹⁶
Board memberJames Howard Blake Nov 29, 2024 to now¹⁷
Board memberFrank C. Ingriselli Apr 17, 2023 to Feb 2, 2024¹⁰
Board memberJohn Hunter William Apr 17, 2023 to now¹⁸
Board memberJohn W. Randall Apr 17, 2023 to now¹⁹
Board memberMichael L. Peterson Apr 17, 2023 to Oct 30, 2023²⁰
Board memberRobin A. Ross Apr 17, 2023 to now²¹
Board memberThomas J. Pernice Apr 17, 2023 to now²²

Former names

Trio Petroleum Corp.Mar 17, 2022 to Sep 9, 2025²

Timeline

Dec 4, 2024New chief executive Robin A. Ross becomes CEO⁹
Oct 30, 2023New chief executive Michael L. Peterson becomes CEO¹¹
Apr 17, 2023New chief executive Frank C. Ingriselli becomes CEO¹⁰

Filings

276 filings to the SEC since October 2021: 7 annual reports, 11 quarterly reports, 73 major events, 62 insider forms, 4 large holders, 119 other. The latest 20:

Sep 30, 20268-K EDGAR
Sep 21, 20268-K EDGAR
Sep 9, 202610-Q EDGAR
Aug 18, 20268-K EDGAR
Aug 3, 20264 EDGAR
Jul 1, 20268-K EDGAR
Jun 12, 20264 EDGAR
Jun 11, 202610-Q EDGAR
Jun 5, 20268-K EDGAR
Jun 4, 20264 EDGAR
May 22, 20268-K EDGAR
May 11, 2026RW EDGAR
May 8, 20264 EDGAR
May 7, 20264 EDGAR
May 6, 20268-K EDGAR
May 6, 2026424B5 EDGAR
May 5, 20264 EDGAR
Apr 22, 20268-K EDGAR
Apr 15, 20264 EDGAR
Apr 13, 2026EFFECT EDGAR

The 276 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

30 open-market trades by officers, directors and large owners since October 2021: 0 buys and 30 sales. Grants, option exercises and gifts are left out.

Date	Who	Trade	Shares	Price	Value	Filing
Jul 31, 2026	Randall John W.Director	Sale	15,000	$0.28	$4.2K	Form 4
Jun 11, 2026	PERNICE THOMAS JDirector	Sale	25,000			Form 4
Jun 3, 2026	Ross Robin A.Chief Executive Officer	Sale	25,000			Form 4
May 7, 2026	PERNICE THOMAS JDirector	Sale	25,000			Form 4
May 6, 2026	Ross Robin A.Chief Executive Officer	Sale	12,500			Form 4
May 1, 2026	Randall John W.Director	Sale	15,000	$0.51	$7.7K	Form 4
Apr 14, 2026	PERNICE THOMAS JDirector	Sale	25,000			Form 4
Apr 8, 2026	Ross Robin A.Chief Executive Officer	Sale	25,000			Form 4
Mar 12, 2026	PERNICE THOMAS JDirector	Sale	25,000			Form 4
Mar 11, 2026	Ross Robin A.Chief Executive Officer	Sale	25,000			Form 4
Feb 12, 2026	PERNICE THOMAS JDirector	Sale	25,000			Form 4
Feb 11, 2026	Ross Robin A.Chief Executive Officer	Sale	25,000			Form 4
Feb 2, 2026	Randall John W.Director	Sale	20,000	$0.64	$12.8K	Form 4
Jan 14, 2026	Ross Robin A.Chief Executive Officer	Sale	37,500			Form 4
Jan 8, 2026	PERNICE THOMAS JDirector	Sale	25,000			Form 4
Oct 20, 2025	Randall John W.Director	Sale	3,500	$1.05	$3.7K	Form 4
Oct 1, 2025	PERNICE THOMAS JDirector	Sale	17,750			Form 4
Jun 25, 2025	Randall John W.Director	Sale	12,000	$1.25	$15.0K	Form 4
Jan 15, 2025	PERNICE THOMAS JDirector	Sale	1,250	$1.73	$2.2K	Form 4
Dec 9, 2024	PERNICE THOMAS JDirector	Sale	2,750	$1.08	$3.0K	Form 4

All 30 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Robin A. RossSCHEDULE 13D, 1 filing Jan 20, 2026²³
Ayrton Capital LLCSCHEDULE 13G/A, 2 filings Nov 14, 2024 to Feb 13, 2025²⁴
Frank C. IngriselliSC 13D, 1 filing Jun 5, 2023²⁵

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARTrio Petroleum Corp filings on SEC EDGAR
2
SEC EDGARTrio Petroleum Corp filings on SEC EDGAR
3
SEC EDGARTrio Petroleum Corp annual report, Item 1 (Business)
4
SEC EDGARTrio Petroleum Corp 10-K for fiscal 2025
5
SEC EDGARTrio Petroleum Corp 10-K for fiscal 2022
6
SEC EDGARTrio Petroleum Corp 10-K for fiscal 2023
7
SEC EDGARTrio Petroleum Corp 10-Q for fiscal 2026
8
SEC EDGARTrio Petroleum Corp 10-Q for fiscal 2026
9
SEC EDGARRobin A. Ross, Chief executive officer
10
SEC EDGARFrank C. Ingriselli, Chief executive officer
11
SEC EDGARMichael L. Peterson, Chief executive officer
12
SEC EDGARStanford Eschner, Chair
13
SEC EDGARTerry Eschner, President
14
SEC EDGARGregory L. Overholtzer, Chief financial officer
15
SEC EDGARSteve Rowlee, Chief operating officer
16
SEC EDGARStanford Eschner, Vice chair
17
SEC EDGARJames Howard Blake, Board member
18
SEC EDGARJohn Hunter William, Board member
19
SEC EDGARJohn W. Randall, Board member
20
SEC EDGARMichael L. Peterson, Board member
21
SEC EDGARRobin A. Ross, Board member
22
SEC EDGARThomas J. Pernice, Board member
23
SEC EDGARRobin A. Ross SCHEDULE 13D on Trio Petroleum Corp
24
SEC EDGARAyrton Capital LLC SCHEDULE 13G/A on Trio Petroleum Corp
25
SEC EDGARFrank C. Ingriselli SC 13D on Trio Petroleum Corp