Trio Petroleum Corp. Common Stock (TPET)

FairStock Score: 68/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for durable moats, honest accounting, and consistent earning power. Trio Petroleum is a one-employee oil and gas explorer with an 82.75% working interest in the roughly 9,300-acre South Salinas project in Monterey, California. The Lynch category is none because the company lost money in each of the last four years. In fiscal Q3 2026, the quarter ended 2026-07-31, revenue was $348,581, net income was -$2.0 million, and diluted EPS was -$0.39. In fiscal Q2 2026, the quarter ended 2026-04-30, revenue was $208,257 and net income was -$1.3 million. In fiscal Q1 2026, the quarter ended 2026-01-31, revenue was $122,193 and net income was -$1.0 million. For FY2025, the year ended 2025-10-31, revenue was $398,734, net loss was -$7.3 million, and diluted EPS was -$0.80. For FY2024, revenue was $213,204 and net loss was -$9.6 million. Revenue is rising off a tiny base, but profitability is absent. Trailing free cash flow is -$3.2 million, a -18.1% FCF yield on a $17.9 million market cap. At the 2026-10-13 close of $1.60, FairStock calculates P/B of 0.21 and P/E of -0.67. A low price-to-book may attract a Graham investor, but book value depends on oil assets that are not yet producing profits. Debt is low with D/E 0.01, and Altman Z is 7.02, yet Piotroski is 3/9. Without scale, profits, or an evident moat, this is a speculative asset play. I would want proof of sustainable cash generation before calling it a bargain.

In plain English: Trio Petroleum is a very small oil and gas company focused on a California project. It has lost money for years and burns cash, so the business looks weak. The stock price is low compared with its stated accounting value, but with no profits it is hard to call it a proven bargain.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q3 2026 10-Q (period ended 2026-07-31) · fiscal Q2 2026 10-Q (period ended 2026-04-30) · fiscal Q1 2026 10-Q (period ended 2026-01-31) · fiscal Q3 2025 10-Q (period ended 2025-07-31) · FY2025 10-K (period ended 2025-10-31) · FY2024 10-K (period ended 2024-10-31) · FY2023 10-K/A (period ended 2023-10-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer