Trio Petroleum (TPET) Operating Expenses (2022 - 2026)
Trio Petroleum's (TPET) quarterly Operating Expenses came in at $1.3 million in Q2 2026, up 47.07% YoY from $882988.0 in Q2 2025, and up 51.32% on a QoQ basis from $858183.0 in Q1 2026.
Trio Petroleum (TPET) Operating Expenses (2022 - 2026) Analysis & Trends
Trio Petroleum (TPET) has 5 years of Operating Expenses data on file, last reported at $1.3 million in Q2 2026.
- Quarterly Operating Expenses rose 47.07% year-over-year to $1.3 million in Q2 2026, while the trailing twelve-month figure through Apr 2026 was $5.5 million (up 9.32% YoY) and the FY2025 annual result came in at $5.5 million, down 14.55% from the prior year.
- Operating Expenses climbed to $1.3 million in Q2 2026, from $858183.0 in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $2.6 million in Q4 2025 to a low of $89710.0 in Q4 2022.
- A 5-year average of $1.1 million and a median of $1.2 million in 2025 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2023 — Operating Expenses jumped 1320.92% — and 2025, when it sank 56.32%.
- Tracing TPET's Operating Expenses over 5 years: stood at $89710.0 in 2022, then jumped by 1320.92% to $1.3 million in 2023, then grew by 8.7% to $1.4 million in 2024, then surged by 88.8% to $2.6 million in 2025, then sank by 50.36% to $1.3 million in 2026.
- The last three Operating Expenses figures came in at $1.3 million (Q2 2026), $858183.0 (Q1 2026), and $2.6 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 2.43 Bn |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | 114.95 Mn |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 5.09 Bn |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 3.05 Bn |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 5.03 Bn |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | - |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 4.55 Bn |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | 1.42 Bn |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | 54.24 Mn |
| 10 | Trio Petroleum | 5.78 Mn | -16.32 Mn | -106,063.00 | 1.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 1.30 Mn |
| Jan 31, 2026 | 858,183.00 |
| Oct 31, 2025 | 2.62 Mn |
| Jul 31, 2025 | 768,932.00 |
| Apr 30, 2025 | 882,988.00 |
| Jan 31, 2025 | 1.23 Mn |
| Oct 31, 2024 | 1.39 Mn |
| Jul 31, 2024 | 1.57 Mn |
| Apr 30, 2024 | 2.02 Mn |
| Jan 31, 2024 | 1.45 Mn |
| Oct 31, 2023 | 1.27 Mn |
| Jul 31, 2023 | 2.16 Mn |
| Apr 30, 2023 | 1.02 Mn |
| Jan 31, 2023 | 165,708.00 |
| Oct 31, 2022 | 89,710.00 |
| Jul 31, 2022 | 222,857.00 |
| Apr 30, 2022 | 187,453.00 |