Company Analysis

Trio Petroleum Corp. (TPET)

NYSE: TPET · Crude Petroleum & Natural Gas · Bakersfield, CA · filing with the SEC since 2022
Grade3.3
◀ Past 2.6● Present 2.9▶ Future 4.8
4 est.

The grade of Trio Petroleum Corp.

Nine metrics read from its own filings, by tense
Headline grade
3.3/10
◀ Past2.640% of the headline
● Present2.935% of the headline
▶ Future4.825% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 5 read as filed from the record and 4 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

2.6/1040% of the headline grade · 1 of 3 filed, 2 estimated

Surviving crises

as filed
1.9/10

Has it survived what it has been through?

4 warning events since 2022; the latest 2024-11-06.

weight 45% of this tense · 19th percentile among 83 sector filers · read for itself

From the record

Trio Petroleum Corp.'s filings since 2022 show 4 warning events of 2 kinds: a notice about its exchange listing (8-K item 3.01, 2 times, the latest 2024-11-06); an auditor change (8-K item 4.01, 2 times, the latest 2024-05-14) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

SI estimate
5.2/10

What has it actually done, year after year?

SI estimate 5.2/10, confidence 20 of 100 (family median).

weight 33% of this tense · 50th percentile among 75 sector filers · read for its customers

SI estimate Inferred, not read as filed

Why it is an estimate
Fewer than three filed years of revenue on file, so the desk assumes the typical reading of its industry family, the median of 75 members with one.
What the record cannot read
Fewer than three filed years of revenue on file.
How it was reasoned
family median, 75 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Trio Petroleum Corp.'s track record is put at 5.2 of 10 with a confidence of 20 of 100, because fewer than three filed years of revenue on file, so the desk assumes the typical reading of its industry family, the median of 75 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

Shareholder treatment

SI estimate
0.2/10

How has it treated the people who own it?

SI estimate 0.2/10, confidence 35 of 100 (one part).

weight 22% of this tense · 2nd percentile among 78 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the bottom 2% of 78 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 78 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Trio Petroleum Corp.'s shareholder treatment is put at 0.2 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 2% of 78 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

2.9/1035% of the headline grade · 3 of 3 filed

Financial health

as filed
2.7/10

Is it financially healthy right now?

ROE -64%: lost 64¢ per shareholder dollar. Leverage 14%: owes 14¢ per asset dollar.

weight 45% of this tense · 27th percentile among 76 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-10-31, Trio Petroleum Corp. lost about 64 cents for every dollar of shareholders' money, and gross profitability: its products earned about 2 cents per dollar of everything the company owns. Leverage: it owed about 14 cents per dollar of assets, and net share issuance: its share count grew 309.5% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 6% of its family
  • return on equitybottom 8% of its family
  • gross profit against assetsbottom 2% of its family
  • the share count against the year beforebottom 2% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
3.4/10

How strong is its position in its industry?

bottom 34% of 76 in its family; net margin -1826.3%.

weight 33% of this tense · 34th percentile among 76 sector filers · read for its customers

From the record

Trio Petroleum Corp.'s standing among 76 graded names in its industry family: revenue of $399 thousand in fiscal 2025 ranks in the bottom 2% by size; a net margin of -1826.3% ranks in the bottom 3%; revenue growth of 87.1% a year over the last 1 filed years ranks in the top 3% (its annual reports).

What it rests on

  • revenue against the family$398,734bottom 2% of its family
  • net margin-1826.3%bottom 3% of its family
  • three-year revenue growth87.1%top 3% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
2.5/10

What are the people in charge doing?

bottom 25% of 51 in its family for leadership; chief executive since 2024.

weight 22% of this tense · 25th percentile among 51 sector filers · read for its shareholders

From the record

Trio Petroleum Corp.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Ross, Robin A. (Chief Executive Officer, as filed), filing under that title since 2024-12-04, 1.9 years (bottom 45% of its family); most of the 5 officers and directors filing now have filed since the record of its people begins (2023-04-17), a floor of 3.6 years the record cannot see past, so that part is not read; 6 officer or director changes were reported on Form 8-K since 2023-11-13, against the 5 people in charge now (bottom 6%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge6 in three years among 5 peoplebottom 6% of its family
  • the chief executive's years on the record1.9 yearsbottom 45% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

4.8/1025% of the headline grade · 1 of 3 filed, 2 estimated

Room to expand

as filed
4.7/10

How much room does it have to grow?

bottom 47% of 74 in its family for room to expand.

weight 22% of this tense · 47th percentile among 74 sector filers · read for itself

From the record

Trio Petroleum Corp.'s room to grow, from the newest filed statements (fiscal 2025): cash of $882 thousand against no long-term debt tagged leaves 6.7% of its assets as net cash, top 14% of its family; cash from operations less capital spending is -653.3% of revenue (bottom 3%); a gross margin of 55.9% (top 50%) (its annual report).

What it rests on

  • cash less debt against assets6.7%top 14% of its family
  • cash from operations less capital spending against revenue-653.3%bottom 3% of its family
  • gross margin55.9%top 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

SI estimate
4.8/10

What could actually drive growth from here?

SI estimate 4.8/10, confidence 20 of 100 (family median).

weight 33% of this tense · 50th percentile among 73 sector filers · read for its customers

SI estimate Inferred, not read as filed

Why it is an estimate
The record does not carry three filed years of revenue and two of the four parts: acceleration, the newest year's growth, the growth of research and of capital spending, so the desk assumes the typical reading of its industry family, the median of 73 members with one.
What the record cannot read
The record does not carry three filed years of revenue and two of the four parts: acceleration, the newest year's growth, the growth of research and of capital spending.
How it was reasoned
family median, 73 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Trio Petroleum Corp.'s growth drivers is put at 4.8 of 10 with a confidence of 20 of 100, because the record does not carry three filed years of revenue and two of the four parts: acceleration, the newest year's growth, the growth of research and of capital spending, so the desk assumes the typical reading of its industry family, the median of 73 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

Expectations vs reality

SI estimate
4.8/10

Did its newest year beat what its own record pointed to?

SI estimate 4.8/10, confidence 20 of 100 (family median).

weight 45% of this tense · 50th percentile among 69 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 69 members with one.
What the record cannot read
The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change.
How it was reasoned
family median, 69 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Trio Petroleum Corp.'s expectations vs reality is put at 4.8 of 10 with a confidence of 20 of 100, because the record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 69 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton TPET · research, not advice