Trio Petroleum Corp (TPET) Form 10-Q — Jun 11, 2026
Trio Petroleum Corp reported a net loss of $2.38 million for the six months ended April 30, 2026, driven by a gross operating loss of $52,272 as high workover costs on Canadian assets outpaced revenue growth. Despite the operational losses, the company significantly improved its liquidity position by raising $24.2 million in gross proceeds through its At-The-Market (ATM) offering program, bringing total cash to $22.1 million and eliminating its previous working capital deficit.
Key figures
- Revenue
- 330450
- Total Debt
- 0
- Revenue Yoy
- 869.3%
- Total Assets
- 35724147
- Cash Position
- 22098186
- Shares Outstanding
- 41187954
- Working capital
- 21459026
- Atm proceeds gross
- 24207304
- Atm capacity remaining
- 65000000
- Reverse split ratio authorized
- 1:2 to 1:10
Price after filing
Close on the filing date to close N calendar days later (from $0.34). Historical, not a forecast.
AI analysis
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