Trio Petroleum (TPET) Operating Expenses (2022 - 2026)
Trio Petroleum (TPET) reported Operating Expenses of $2.22 million for fiscal Q3 2026 (quarter ended Jul 31, 2026), up 188.6% from $768,932 a year earlier and up 70.9% from the prior quarter.
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Analysis
Trio Petroleum (TPET) Operating Expenses (2022 - 2026) Analysis & Trends
Over the twelve months ended Jul 31, 2026, Trio Petroleum's Operating Expenses came in at $6.99 million, up 63.9% year-over-year; for FY2025 (ended Oct 31, 2025), it was $5.5 million, down 14.6% from FY2024.
- Operating Expenses has a three-year compound annual growth rate of 89.6% (FY2022 to FY2025).
- By fiscal year, Operating Expenses came in at $6.43 million in FY2024 (+39.4%), $4.61 million in FY2023 (+472.5%) and $806,028 in FY2022.
- Five-year quarterly Operating Expenses spans a low of $89,710 in fiscal Q4 2022 and a high of $2.62 million in fiscal Q4 2025.
- Year over year, Operating Expenses gained in four of the last eight quarters, with growth averaging 22.5%.
- The high point for year-over-year Operating Expenses in five years was fiscal Q3 2023 (growth of 868.1%); the low point was fiscal Q2 2025 (a decline of 56.3%).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at $1.3 million (Q2 2026), $858,183 (Q1 2026) and $2.62 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 741.05 Bn | 697.53 Bn | - | 96.59 Bn |
| 2 | Chevron | 446.18 Bn | 418.30 Bn | 33.45 Bn | 53.37 Bn |
| 3 | Shell | 310.19 Bn | 239.94 Bn | 30.13 Bn | 8.70 Bn |
| 4 | TotalEnergies SE | 198.88 Bn | 79.46 Bn | 61.77 Bn | 46.44 Bn |
| 5 | Conocophillips | 177.13 Bn | 149.84 Bn | 12.81 Bn | 2.43 Bn |
| 6 | Equinor Asa | 119.47 Bn | 33.93 Bn | - | -22.18 Bn |
| 7 | Phillips 66 | 116.80 Bn | 104.59 Bn | 8.38 Bn | 47.07 Bn |
| 8 | Canadian Natural Resources | 113.96 Bn | 110.96 Bn | 8.84 Bn | 114.95 Mn |
| 9 | Suncor Energy | 96.03 Bn | 81.77 Bn | - | - |
| 10 | Trio Petroleum | 7.50 Mn | -40.45 Mn | 108,153.00 | 2.22 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 2.22 Mn |
| 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 |
API Access
Trio Petroleum Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=TPET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "TPET", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=TPET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();