Trio Petroleum (TPET)
Acquires and optimizes Canadian heavy-oil assets while advancing California and Utah projects.
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Acquires and optimizes heavy-oil working interests in Saskatchewan and Alberta, earning revenue from crude-oil sales and pursuing water-disposal services. California and Utah projects add development pathways, while the lean operating model relies on third-party operators and outside funding.
Acquires and operates heavy-oil working interests in the Lloydminster region of Saskatchewan and Alberta, producing crude oil while pursuing workovers, restarts, and a produced-water disposal facility marketed to third-party operators. Acquisition screening emphasizes technical, operational, and economic considerations, but field work relies on Novacor and other third-party operators and consultants.
Retains the South Salinas Project in California, where full-field development requires a joint-venture operator, funding, and water-disposal approvals. Small interests and option-stage opportunities extend the portfolio into Utah. Oil sales are concentrated in Canada and with one customer, while revenue and development depend on commodity prices, acquisition execution, field economics, equity funding, and environmental and operating approvals.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Apr 30, 2026Cash & short-term investments $22.1M · Total debt $0 · Total assets $35.7M · Shareholders' equity $34.6M
- Revenue
- $208.3K
- Operating income
- −$1.4M
- Net income
- −$1.4M
No dividends on record.
| Institutions13 holders · as of Mar 31, 2026 | 1.10% | 54.3K shares | |
| Otherremainder | 98.90% | 4.86M shares |
4.92M company shares as of Sep 3, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Geode Capital Management, LLCInstitution | 0.26% | 114,506 | 13Fas of Mar 31, 2026 |
UBS Group AGInstitution | 0.21% | 94,573 | 13Fas of Mar 31, 2026 |
Vanguard Capital Management LLCInstitution | 0.18% | 79,094 | 13Fas of Mar 31, 2026 |
Citigroup IncInstitution | 0.16% | 71,419 | 13Fas of Mar 31, 2026 |
State Street CorpInstitution | 0.13% | 56,600 | 13Fas of Mar 31, 2026 |
| See all 16 → | |||
13F — a manager's quarterly holdings
Insider tradesForm 4
Nothing filed in the last 12 months.
- Baytex Energy
Lloydminster Mannville heavy-oil and acquisition-market incumbent.
- Canadian Natural Resources
Lloydminster heavy-oil scale and infrastructure leader.
- California Resources
California and Utah oil-development incumbent and project co-owner.
ComparePre-market
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Trio Petroleum | $1.77 | −2.21% | $8.8M | — | — | 12.6 | +794.9% |
| Baytex Energy | $5.00 | −1.28% | $3.81B | — | 13.9 | 14.4 | −30.8% |
| Canadian Natural Resources | $51.80 | −0.01% | $108.06B | 12.7 | 18.6 | 3.2 | +46.3% |
| California Resources | $54.00 | +0.84% | $4.76B | — | 12.7 | 1.2 | +59.0% |
| Median | 12.7 | 13.9 | 3.2 | +46.3% |