GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Trio Petroleum Corp (AMEX:TPET) » Definitions » Net Income

Trio Petroleum (Trio Petroleum) Net Income : $-7.43 Mil (TTM As of Jan. 2024)


View and export this data going back to 2023. Start your Free Trial

What is Trio Petroleum Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Trio Petroleum's Net Income for the three months ended in Jan. 2024 was $-1.70 Mil. Its Net Income for the trailing twelve months (TTM) ended in Jan. 2024 was $-7.43 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Trio Petroleum's Earnings per Share (Diluted) for the three months ended in Jan. 2024 was $-0.05.


Trio Petroleum Net Income Historical Data

The historical data trend for Trio Petroleum's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Trio Petroleum Net Income Chart

Trio Petroleum Annual Data
Trend Oct21 Oct22 Oct23
Net Income
- -3.80 -6.54

Trio Petroleum Quarterly Data
Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.82 -2.24 -2.17 -1.32 -1.70

Trio Petroleum Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Trio Petroleum's Net Income for the fiscal year that ended in Oct. 2023 is calculated as

Net Income(A: Oct. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-6.544+0+0+0
=-6.54

Trio Petroleum's Net Income for the quarter that ended in Jan. 2024 is calculated as

Net Income(Q: Jan. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-1.702+0+0+0
=-1.70

Net Income for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-7.43 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Trio Petroleum  (AMEX:TPET) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Trio Petroleum's Earnings per Share (Diluted) (EPS) for the quarter that ended in Jan. 2024 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Trio Petroleum Net Income Related Terms

Thank you for viewing the detailed overview of Trio Petroleum's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.


Trio Petroleum (Trio Petroleum) Business Description

Traded in Other Exchanges
N/A
Address
4115 Blackhawk Plaza Circle, Suite 100, Danville, CA, USA, 94506
Trio Petroleum Corp is a California-focused oil and gas exploration and development company. It acquires, fund, and operate oil exploration and production from assets in California.
Executives
Gregory L Overholtzer officer: Chief Financial Officer 120 ROSE ORCHARD WAY, SAN JOSE CA 95134
Frank C Ingriselli director, officer: Chief Executive Officer 250 EAST HARTSDALE AVE, HARTSDALE NY 10530
Michael L Peterson director 17 CANARY COURT, DANVILLE CA 94526
John Hunter William director 930 TAHOE BOULEVARD, SUITE 802-16, INCLINE VILLAGE NV 89451
Thomas J Pernice director 227 WEST MONROE, SUITE 3900, CHICAGO IL 60606
Robin A. Ross director C/O TRIO PETROLEUM CORP., 4115 BLACKHAWK PLAZA CIRCLE, SUITE 100, DANVILLE CA 94506
Steve Rowlee officer: Chief Operating Officer C/O TRIO PETROLEUM CORP., 4115 BLACKHAWK PLAZA CIRCLE, SUITE 100, DANVILLE CA 94506
Terry Eschner officer: President C/O TRIO PETROLEUM CORP., 4115 BLACKHAWK PLAZA CIRCLE, SUITE 100, DANVILLE CA 94506
Stanford Eschner director, officer: Executive Chairman C/O TRIO PETROLEUM CORP., 4115 BLACKHAWK PLAZA CIRCLE, SUITE 100, DANVILLE CA 94506
John W. Randall director C/O TRIO PETROLEUM CORP., 4115 BLACKHAWK PLAZA CIRCLE, SUITE 100, DANVILLE CA 94506