Trio Petroleum (TPET)


Market Price (10/5/2026): $1.53 | Market Cap: $-Sector: Energy | Industry: Oil & Gas Exploration & Production

Trio Petroleum (TPET)


Market Price (10/5/2026): $1.53
Market Cap: $-
Sector: Energy
Industry: Oil & Gas Exploration & Production

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Weak multi-year price returns
2Y Excs Rtn is -87%, 3Y Excs Rtn is -167%

Stock price has recently run up significantly
6M Rtn6 month market price return is 118%

High stock price volatility
Vol 12M is 513%

Key risks
TPET key risks include [1] challenges executing its operational plan for well development, Show more.

0 Weak multi-year price returns
2Y Excs Rtn is -87%, 3Y Excs Rtn is -167%
1 Stock price has recently run up significantly
6M Rtn6 month market price return is 118%
2 High stock price volatility
Vol 12M is 513%
3 Key risks
TPET key risks include [1] challenges executing its operational plan for well development, Show more.

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 10/4/2026

Trio Petroleum (TPET) stock has gained about 420% since 6/30/2026 because of the following key factors:

1. Strategic Acquisitions and Canadian Expansion.

Trio Petroleum significantly expanded its asset base and production outlook through strategic acquisitions and development programs in Canada. On September 30, 2026, the company announced the acquisition of 24 oil wells, including 4 producing and 20 shut-in heavy-oil assets, from Marlin Resources Ltd. in Saskatchewan's Lloydminster region. This acquisition is anticipated to add approximately 37 barrels of oil per day (BOPD) of current production. This was preceded by a Lloydminster heavy-oil farm-in and multilateral development program with Croverro Energy, announced on September 21, 2026, which involves up to 14 new multilateral wells across Alberta and Saskatchewan. These initiatives are key to Trio Petroleum's strategy to build a larger Canadian oil and gas business.

2. Strengthened Financial Position and Capital Raise.

Trio Petroleum substantially improved its liquidity and financial stability by completing an at-the-market (ATM) equity offering. In fiscal Q3 2026, which ended July 31, 2026, the company raised approximately $27 million in gross proceeds through this offering. This capital infusion significantly increased cash and cash equivalents to $24.3 million as of July 31, 2026, effectively alleviating prior "going-concern" uncertainties and providing working capital to fund ongoing development and acquisition strategies.

Show more
Updated on 10/4/2026

Trio Petroleum (TPET) stock has gained about 420% since 6/30/2026 because of the following key factors:

1. Strategic Acquisitions and Canadian Expansion.

Trio Petroleum significantly expanded its asset base and production outlook through strategic acquisitions and development programs in Canada. On September 30, 2026, the company announced the acquisition of 24 oil wells, including 4 producing and 20 shut-in heavy-oil assets, from Marlin Resources Ltd. in Saskatchewan's Lloydminster region. This acquisition is anticipated to add approximately 37 barrels of oil per day (BOPD) of current production. This was preceded by a Lloydminster heavy-oil farm-in and multilateral development program with Croverro Energy, announced on September 21, 2026, which involves up to 14 new multilateral wells across Alberta and Saskatchewan. These initiatives are key to Trio Petroleum's strategy to build a larger Canadian oil and gas business.

2. Strengthened Financial Position and Capital Raise.

Trio Petroleum substantially improved its liquidity and financial stability by completing an at-the-market (ATM) equity offering. In fiscal Q3 2026, which ended July 31, 2026, the company raised approximately $27 million in gross proceeds through this offering. This capital infusion significantly increased cash and cash equivalents to $24.3 million as of July 31, 2026, effectively alleviating prior "going-concern" uncertainties and providing working capital to fund ongoing development and acquisition strategies.

3. Improved Revenue and Narrowed Losses.

The company demonstrated improved financial performance with a notable increase in revenue and a reduction in net losses. For the three months ended July 31, 2026 (fiscal Q3 2026), Trio Petroleum reported revenue of $348,581, an 81.2% increase year-over-year. Concurrently, the net loss for the quarter narrowed by 75.16%, with earnings per share improving to $(0.39) from $(1.57) in the same period of the prior year. This financial improvement was primarily driven by the expanded Canadian operations and new well production.

4. Favorable Macroeconomic Environment for Oil.

A significant factor contributing to the stock's positive trend was a favorable macroeconomic environment, particularly the surge in crude oil prices. On October 3, 2026, for example, Trio Petroleum's shares rose as geopolitical tensions in the Middle East propelled Brent crude prices above $100 per barrel. This upward pressure on oil prices was further intensified by an OPEC report indicating Saudi Arabia's August oil production fell to its lowest level since 1990, alongside concerns about marine energy transport risks in the Red Sea. These broader market dynamics created a positive sentiment for oil and gas exploration and production companies, including Trio Petroleum.

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Stock Movement Drivers

Fundamental Drivers

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Market Drivers

6/30/2026 to 10/4/2026
ReturnCorrelation
TPET419.5% 
Market (SPY)3.1%-9.2%
Sector (XLE)18.3%23.9%

Fundamental Drivers

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Market Drivers

3/31/2026 to 10/4/2026
ReturnCorrelation
TPET133.3% 
Market (SPY)18.6%-10.3%
Sector (XLE)3.3%18.6%

Fundamental Drivers

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Market Drivers

9/30/2025 to 10/4/2026
ReturnCorrelation
TPET53.3% 
Market (SPY)16.5%-9.7%
Sector (XLE)43.8%17.7%

Fundamental Drivers

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Market Drivers

9/30/2023 to 10/4/2026
ReturnCorrelation
TPET-85.9% 
Market (SPY)86.2%-7.1%
Sector (XLE)51.9%10.0%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
TPET Return---86%-80%-34%113%-96%
Peers Return148%-3%3487%-8%-27%-2%5567%
S&P 500 Return27%-19%24%23%16%12%104%

Monthly Win Rates [3]
TPET Win Rate--11%25%17%33% 
Peers Win Rate58%45%50%38%42%42% 
S&P 500 Win Rate75%42%67%75%67%44% 

Max Drawdowns [4]
TPET Max Drawdown----93%-72%-85% 
Peers Max Drawdown-50%-59%-39%-42%-51%-44% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: CRC, EGY, PROP, MXC, BRN.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/2/2026 (YTD)

How Low Can It Go

EventTPETS&P 500
2025 US Tariff Shock
  % Loss-33.7%-18.8%
  % Gain to Breakeven50.9%23.1%
  Time to Breakeven24 days79 days

Compare to CRC, EGY, PROP, MXC, BRN

In The Past

Trio Petroleum's stock fell -33.7% during the 2025 US Tariff Shock. Such a loss loss requires a 50.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventTPETS&P 500
2025 US Tariff Shock
  % Loss-33.7%-18.8%
  % Gain to Breakeven50.9%23.1%
  Time to Breakeven24 days79 days

Compare to CRC, EGY, PROP, MXC, BRN

In The Past

Trio Petroleum's stock fell -33.7% during the 2025 US Tariff Shock. Such a loss loss requires a 50.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Trio Petroleum (TPET)

Trio Petroleum (TPET) is an oil and gas exploration and development company headquartered in California, established in July 2021. Its core business strategy is to acquire, fund, and develop oil exploration and production assets exclusively within California. The company's primary focus is on advancing its significant stake in the South Salinas Project, an 8,600-acre oil and gas prospect located in Monterey County. Trio Petroleum holds an approximate 85.75% working interest and a 68.6% net revenue interest in this project.

Currently, Trio Petroleum does not have any revenue-generating operations. As an exploration and development firm, its main "product" is ultimately the extraction and sale of crude oil and potentially natural gas once its Californian assets are brought into production. Its immediate efforts are concentrated on the crucial exploratory and developmental stages necessary to establish commercially viable production from the South Salinas Project.

Upon successful development and commencement of production, Trio Petroleum would aim to supply crude oil and possibly natural gas to the broader energy market. Its primary customers would typically include refiners, pipeline operators, or other energy purchasers looking to acquire petroleum resources. Given its operational base, the company would likely serve the energy demand within the West Coast market, contributing to domestic hydrocarbon supply from its Monterey County assets.

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1. Imagine Occidental Petroleum in its initial exploration phase, focused on one California field and not yet producing revenue.

2. A startup Chevron, but focused solely on exploring and developing a single California oil field, without current production.

AI Analysis | Feedback

  • Oil and Gas Exploration: Identifying potential crude oil and natural gas reserves through geological studies and surveying in the South Salinas Project area.
  • Oil and Gas Development: Preparing identified oil and gas assets for future production, including drilling and infrastructure setup within their South Salinas Project.

AI Analysis | Feedback

Based on the provided information, Trio Petroleum (TPET) has no revenue-generating operations as of the date of the prospectus. Therefore, the company currently has no major customers.

AI Analysis | Feedback

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Robin Ross, Chairman & Chief Executive Officer

Robin Ross is a co-founder of Trio Petroleum Corp. and a 45-year veteran in financial services and merchant banking. He has been instrumental in raising funds for both private and public companies globally, with combined market capitalizations approaching $1 billion. Ross is a founder, co-founder, and principal investor of numerous public and private companies, focusing on early-stage investments where capital and strategic assistance can significantly enhance success. His corporate finance activities have spanned various industries, including oil & gas, technology, and finance. He co-founded Canada Potash Corporation (CPC) and was a co-founder and president of 180 Degrees Capital Corporation, a private merchant bank specializing in restructuring and turnaround management transactions. Ross previously held management positions at major Canadian investment dealers for over 18 years and gained experience at Price Waterhouse and Merrill Lynch.

Gregory L. Overholtzer, Chief Financial Officer

Gregory L. Overholtzer has served as the Chief Financial Officer of Trio Petroleum Corp. since February 2022. He possesses a wealth of experience in financial management and strategic planning within the energy sector. Overholtzer previously held CFO and accounting leadership roles at several public energy companies and consulting firms. His experience includes serving as part-time CFO of Indonesia Energy Corporation (NYSE: INDO) since 2019, a Consulting Director of Ravix Consulting Group since November 2019, and a Field Consultant at Resources Global Professionals from December 2018 to November 2019. From January 2012 to December 2018, he served as Chief Financial Officer, Chief Accounting Officer, and Controller of Pacific Energy Development (NYSE:AMERICAN PED). He holds an MBA in Finance from the University of California, Berkeley.

Steven A. Rowlee, Chief Operating Officer

Steven A. Rowlee holds the position of Chief Operating Officer at Trio Petroleum Corp. He is a seasoned professional with extensive experience in overseeing the operational activities of the company, including exploration, production, and development of petroleum resources. Rowlee entered the oil industry in 1980 as Manager of Leasing for Bakersfield-based Fuller Oil Company, where he supervised lease brokers. He later served as a West Coast Division Land Manager for Hanna Petroleum Company, coordinating and implementing division policy and managing land operations.

AI Analysis | Feedback

The key risks to Trio Petroleum's business include:
  1. Significant Unprofitability and Liquidity Issues: Trio Petroleum faces severe financial challenges, evidenced by highly negative profitability ratios such as an EBIT margin of -1674.5% and a pre-tax profit margin of -3483.3%. The company reports substantial net losses and negative operational cash flows, indicating an ongoing cash burn problem. Its current ratio of 0.6 suggests significant liquidity constraints, raising concerns about its ability to meet short-term liabilities and sustain long-term operations.
  2. Low Revenue and High Dependence on Successful Exploration and Development: While Trio Petroleum has reported some revenue, approximately $398.73 thousand for the trailing 12 months ending October 31, 2025, this amount is comparatively low against industry averages. This low revenue, coupled with high operational expenses, contributes to substantial net losses. The company's business model is fundamentally dependent on the successful acquisition, funding, and development of oil exploration and production assets, which are inherently capital-intensive and uncertain endeavors.
  3. High Stock Volatility and Dependence on External Market Conditions: Trio Petroleum's stock exhibits a very high volatility profile. Its market movements are described as highly speculative and are significantly influenced by external factors, such as fluctuations in global oil prices due to geopolitical tensions. This dependency on external market shocks and the stock's inherent volatility classify it as a very high-risk investment.

AI Analysis | Feedback

The rapidly accelerating regulatory and political environment in California aimed at phasing out fossil fuel production and promoting renewable energy presents a clear emerging threat. As an early-stage oil and gas exploration and development company with no revenue-generating operations, Trio Petroleum's ability to obtain necessary permits, secure funding, and ultimately develop its assets in California is directly undermined by the state's aggressive stance against new fossil fuel projects and its long-term decarbonization goals. This represents a fundamental shift in the operating environment, akin to how streaming services challenged physical media or ride-sharing disrupted traditional taxi services, by making the established business model increasingly difficult or unviable within that specific market.

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Addressable Markets for Trio Petroleum (TPET)

The addressable market for Trio Petroleum's main products and services, which include oil and gas exploration and development, is primarily within the region of California. As of 2024, California is estimated to have 1.716 billion barrels of proven crude oil reserves. Other estimations suggest potential crude oil reserves could be as high as 30 billion barrels in the region. In 2021, the natural gas and oil industry contributed over $217 billion to California's total gross domestic product.

AI Analysis | Feedback

Trio Petroleum (TPET) is poised for future revenue growth over the next 2-3 years, driven primarily by the commencement and expansion of production from its key oil and gas assets and favorable market conditions.

Here are the expected drivers of future revenue growth:

  1. Initiation and Ramp-Up of Production at the South Salinas Project: Trio Petroleum's core asset, the South Salinas Project in Monterey County, California, is a significant expected driver of future revenue. The company has conducted production tests on discovery wells, such as HV-1, which confirmed a major accumulation of oil and gas. Future plans include drilling additional wells (HV-2 and HV-4) and progressing through multiple development phases to fully exploit the estimated 40 million barrels of oil and 42 billion cubic feet of gas in Probable Undeveloped reserves, along with substantial Possible Undeveloped reserves. The company anticipates achieving cash-flowing operations from this asset.
  2. Expansion of Production from Canadian Heavy Oil Assets: Trio Petroleum has strategically acquired and is developing heavy oil assets in both Alberta and Saskatchewan, Canada. As of early 2026, the company completed regulatory approvals for its Alberta assets, allowing for active field operations with two initial wells expected to produce 30-40 barrels of oil per day. Additionally, the acquisition of assets in Saskatchewan, including four wells, is expected to contribute approximately 30 barrels per day with further upside potential. Bringing these newly acquired assets online and optimizing production from existing wells will contribute to revenue growth.
  3. Development of the Asphalt Ridge Project in Utah: Trio Petroleum has secured an option to acquire an interest in the Asphalt Ridge heavy-oil and tar-sand development project in Utah. The successful drilling and completion of exploratory wells (HSO 2-4 and HSO 8-4) at this project, which encountered substantial oil-bearing pay zones, indicate a future revenue stream as this project moves towards further development and production.
  4. Favorable Global Oil Prices: As an oil and gas exploration and development company, Trio Petroleum's revenue is highly sensitive to fluctuations in global commodity prices. A sustained period of rising or high global oil prices can significantly enhance the profitability and revenue generated from its produced barrels of oil and gas. Recent periods have seen the company's stock respond positively to increases in global oil prices, indicating this external factor's crucial role in its financial outlook.

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Share Issuance

  • Trio Petroleum has actively utilized an "at-the-market" (ATM) equity offering program. As of March 6, 2026, the company had sold approximately $13.38 million worth of shares through this facility over the preceding 12 months, with an additional $4 million available for sale, bringing the maximum aggregate offering amount under the program to $17.377 million.
  • During the fiscal year ended April 30, 2025, Trio Petroleum raised approximately $4.65 million through an ATM agreement and secured additional funds through convertible debt financing.
  • Significant share issuances have also occurred in connection with acquisitions, such as 912,875 restricted shares (valued at CDN $1,000,000) for Saskatchewan heavy oil assets in January 2026 and 104,227 restricted shares to Capital Land in November 2025.

Inbound Investments

  • Trio Petroleum has secured funding through convertible debt financing, as evidenced by the retirement of $1.2 million in outstanding convertible investments in February 2026.
  • The company has issued unsecured convertible promissory notes to institutional investors.

Outbound Investments

  • In January 2026, Trio Petroleum, through its Canadian subsidiary, acquired Saskatchewan heavy oil assets from NovaCor Exploration Ltd. for a purchase price of CDN $1,000,000, paid in common stock.
  • In November 2025, Trio Petroleum acquired cash-flow-positive production assets in Alberta.
  • The company acquired oil and gas lease rights for four proved properties located in Saskatchewan, Canada, in April 2025.

Capital Expenditures

  • Capital expenditures for unproved oil and gas properties were approximately $1.14 million for the year ended October 31, 2024, and $893,149 for the year ended October 31, 2025.
  • The primary focus of capital expenditures includes the development of the South Salinas Project in California, with ongoing efforts to obtain necessary permits for full field development.
  • Capital is also allocated to the P.R. Spring Project in Utah, with initial drilling and completion costs estimated at less than $800,000 per well.

Peer Outperformance in Oil & Gas Exploration & Production

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Share of Oil & Gas Exploration & Production constituents that TPET has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
75%
of 59 industry peers · 46.4% return
3Y
2%
of 56 industry peers · -85.1% return
5Y
—
insufficient peer history
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Median price return by industry across the Energy sector, ranked by 5Y. Oil & Gas Exploration & Production is TPET's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Oil & Gas Refining & Marketing 11 122.3%143.4%393.3% MPC 646% · PBF 583% · VLO 538%
Integrated Oil & Gas 7 41.2%66.1%217.2% IMO 328% · SU 290% · CVE 242%
Oil & Gas Storage & Transportation 18 23.8%115.9%172.1% INSW 947% · LPG 856% · TRGP 500%
Oil & Gas Equipment & Services 34 32.3%24.0%80.4% SEI 966% · FTI 787% · TDW 560%
Coal & Consumable Fuels 14 -21.6%26.3%64.9% EU 923% · CCJ 293% · LEU 258%
Oil & Gas Drilling 7 50.5%3.9%49.8% VAL 119% · PDS 103% · NE 72%
Oil & Gas Exploration & Production ← 51 19.5%10.8%44.3% KGEI 9647% · OBE 6280% · EP 2513%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Latest Trefis Analyses

Title
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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

TPETCRCEGYPROPMXCBRNMedian
NameTrio Pet.Californ.VAALCO E.Prairie .Mexco En.Barnwell. 
Mkt Price1.5452.435.720.3810.090.963.63
Mkt Cap-4.70.60.00.00.00.0
Rev LTM-3,735393343712343
Op Inc LTM-627321202-532
FCF LTM-876-134-48-1-4-4
FCF 3Y Avg-691-25-520-2-2
CFO LTM-8761962384-4196
CFO 3Y Avg-691169774177

Growth & Margins

TPETCRCEGYPROPMXCBRNMedian
NameTrio Pet.Californ.VAALCO E.Prairie .Mexco En.Barnwell. 
Rev Chg LTM-2.3%-16.3%282.7%-6.1%-19.1%-6.1%
Rev Chg 3Y Avg-10.8%3.6%--7.6%-23.8%-2.0%
Rev Chg Q-33.0%83.6%45.2%12.9%5.9%33.0%
QoQ Delta Rev Chg LTM-7.8%26.0%9.9%3.5%1.6%7.8%
Op Inc Chg LTM-6.1%-74.2%1,013.2%-7.7%-20.1%-7.7%
Op Inc Chg 3Y Avg--6.7%-17.0%-15.7%-22.7%-72.1%-17.0%
Op Mgn LTM-16.8%8.3%35.0%22.4%-45.7%16.8%
Op Mgn 3Y Avg-17.6%22.8%-23.4%-27.6%20.2%
QoQ Delta Op Mgn LTM-4.4%6.5%5.1%3.7%9.4%5.1%
CFO/Rev LTM-23.5%50.0%69.5%57.5%-31.0%50.0%
CFO/Rev 3Y Avg-20.9%37.5%-60.1%-1.7%29.2%
FCF/Rev LTM-23.5%-34.1%-13.9%-10.3%-34.3%-13.9%
FCF/Rev 3Y Avg-20.9%-7.8%-4.5%-17.8%-1.6%

Valuation

TPETCRCEGYPROPMXCBRNMedian
NameTrio Pet.Californ.VAALCO E.Prairie .Mexco En.Barnwell. 
Mkt Cap-4.70.60.00.00.00.0
P/S-1.21.50.13.11.21.2
P/Op Inc-7.418.40.313.7-2.67.4
P/EBIT--50.1-6.9-7.710.1-2.5-6.9
P/E--38.5-5.5-0.913.2-2.5-2.5
P/CFO-5.33.00.25.3-3.83.0
Total Yield--0.4%-13.7%-109.7%8.6%-38.8%-13.7%
Dividend Yield-2.2%4.5%0.0%1.0%0.0%1.0%
FCF Yield 3Y Avg-16.4%-6.1%-48.3%1.4%-17.6%-6.1%
D/E-0.00.410.80.00.00.0
Net D/E--0.00.410.8-0.1-0.3-0.0

Returns

TPETCRCEGYPROPMXCBRNMedian
NameTrio Pet.Californ.VAALCO E.Prairie .Mexco En.Barnwell. 
1M Rtn-12.5%-3.3%-4.7%-16.6%-8.4%0.5%-6.6%
3M Rtn409.9%3.1%14.2%-47.8%24.0%-5.0%8.6%
6M Rtn108.2%-21.5%-6.7%-84.3%5.7%-12.7%-9.7%
12M Rtn40.0%2.2%50.1%-80.7%16.0%-25.6%9.1%
3Y Rtn-85.8%9.1%72.5%8.0%-17.2%-61.4%-4.6%
1M Excs Rtn-14.2%-2.1%-7.6%-18.0%0.7%-1.2%-4.8%
3M Excs Rtn396.0%2.5%12.5%-54.4%23.3%-4.5%7.5%
6M Excs Rtn91.6%-38.8%-24.0%-101.7%-11.7%-29.7%-26.8%
12M Excs Rtn32.2%-13.6%33.6%-96.6%-1.3%-38.5%-7.4%
3Y Excs Rtn-164.2%-81.5%-30.3%-69.9%-100.8%-143.3%-91.2%

Comparison Analyses

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Segment Financials

Revenue by Segment
$ Mil2025202420232022
Oil sales00  
Single Segment  00
Total0000


Assets by Segment
$ Mil20232022
Single Segment129
Total129


Price Behavior

Price Behavior
Market Price$1.61 
Market Cap ($ Bil)0.0 
First Trading Date04/18/2023 
Distance from 52W High-20.3% 
   50 Days200 Days
DMA Price$1.02$0.81
DMA Trendupup
Distance from DMA57.6%98.7%
 3M1YR
Volatility1,268.5%550.6%
Downside Capture-131.45-140.74
Upside Capture1308.74-65.09
Correlation (SPY)-6.9%-9.0%
TPET Betas & Captures as of 9/30/2026

 1M2M3M6M1Y3Y
Beta-14.53-9.81-5.85-4.72-3.64-1.52
Up Beta5.690.720.82-3.72-6.13-1.12
Down Beta46.4219.2911.685.191.70-0.20
Up Capture-183%-82%-55%-111%-65%-7%
Bmk +ve Days6162766132424
Stock +ve Days99164288275
Down Capture-7594%-5036%-3419%-2340%-2626%-3623%
Bmk -ve Days16263760120328
Stock -ve Days991448121417

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with TPET
TPET-72.7%247.8%0.25-
Sector ETF (XLE)44.0%22.0%1.5720.9%
Equity (SPY)16.2%13.0%0.88-15.7%
Gold (GLD)6.8%29.6%0.22-3.3%
Commodities (DBC)44.9%20.8%1.6733.6%
Real Estate (VNQ)1.5%13.6%-0.15-11.0%
Bitcoin (BTCUSD)-28.9%44.3%-0.64-0.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with TPET
TPET-63.7%195.7%-0.04-
Sector ETF (XLE)24.0%25.5%0.8210.0%
Equity (SPY)13.1%17.2%0.58-8.9%
Gold (GLD)18.4%18.9%0.791.0%
Commodities (DBC)10.3%19.6%0.4118.0%
Real Estate (VNQ)0.7%18.8%-0.07-6.6%
Bitcoin (BTCUSD)14.6%52.2%0.45-7.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with TPET
TPET-39.7%195.7%-0.04-
Sector ETF (XLE)10.6%29.6%0.3910.0%
Equity (SPY)15.3%17.9%0.72-8.9%
Gold (GLD)11.5%16.4%0.571.0%
Commodities (DBC)8.2%18.1%0.3718.0%
Real Estate (VNQ)4.2%20.7%0.16-6.6%
Bitcoin (BTCUSD)64.1%66.2%1.04-7.1%

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Short Interest

Short Interest: As Of Date9152026
Short Interest: Shares Quantity0.6 Mil
Short Interest: % Change Since 831202638.2%
Average Daily Volume2.8 Mil
Days-to-Cover Short Interest1

Earnings Returns History

Updated 6/2/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   

SEC Filings

Expand for More
Report DateFiling DateFiling
07/31/202609/09/202610-Q
04/30/202606/11/202610-Q
01/31/202603/17/202610-Q
10/31/202501/20/202610-K
07/31/202509/12/202510-Q
04/30/202506/10/202510-Q
01/31/202503/14/202510-Q
10/31/202401/17/202510-K
07/31/202409/12/202410-Q
04/30/202406/14/202410-Q
01/31/202403/18/202410-Q
10/31/202301/29/202410-K
07/31/202309/11/202310-Q
04/30/202306/08/202310-Q
01/31/202304/19/2023424B4
07/31/202212/08/2022S-1/A
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07/31/202609/09/202610-Q
04/30/202606/11/202610-Q
01/31/202603/17/202610-Q
10/31/202501/20/202610-K
07/31/202509/12/202510-Q
04/30/202506/10/202510-Q
01/31/202503/14/202510-Q
10/31/202401/17/202510-K
07/31/202409/12/202410-Q
04/30/202406/14/202410-Q
01/31/202403/18/202410-Q
10/31/202301/29/202410-K
07/31/202309/11/202310-Q
04/30/202306/08/202310-Q
01/31/202304/19/2023424B4
07/31/202212/08/2022S-1/A
04/30/202209/12/2022S-1

Insider Activity

Updated 8/3/2026
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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Randall, John WDirectSell80320260.2815,0004,19035,052Form
2Pernice, Thomas JDirectSell61220260.0025,000  Form
3Ross, Robin AChief Executive OfficerDirectSell60420260.0025,000  Form
4Pernice, Thomas JDirectSell50820260.0025,000  Form
5Ross, Robin AChief Executive OfficerDirectSell50720260.0012,500  Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Randall, John WDirectSell80320260.2815,0004,19035,052Form
2Pernice, Thomas JDirectSell61220260.0025,000  Form
3Ross, Robin AChief Executive OfficerDirectSell60420260.0025,000  Form
4Pernice, Thomas JDirectSell50820260.0025,000  Form
5Ross, Robin AChief Executive OfficerDirectSell50720260.0012,500  Form
6Randall, John WDirectSell50520260.5115,0007,65071,655Form
7Pernice, Thomas JDirectSell41520260.0025,000  Form
8Ross, Robin AChief Executive OfficerDirectSell40920260.0025,000  Form
9Pernice, Thomas JDirectSell31320260.0025,000  Form
10Pernice, Thomas JDirectSell31320260.0017,750  Form
11Ross, Robin AChief Executive OfficerDirectSell31220260.0025,000  Form
12Pernice, Thomas JDirectSell21320260.0025,000  Form
13Ross, Robin AChief Executive OfficerDirectSell21320260.0025,000  Form
14Randall, John WDirectSell21020260.6420,00012,78299,380Form
15Pernice, Thomas JDirectSell11320260.0025,000  Form
16Randall, John WDirectSell111220251.053,5003,675184,293Form
17Randall, John WDirectSell81120251.2512,00014,9464,982Form
Core Cache Last Updated: 10/4/2026