TRLEF
Trillion Energy International Inc.0.0161
+0.0005+3.21%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
3.35MP/E (TTM)
-Basic EPS (TTM)
-0.07Dividend Yield
0%Recent Filings
8-K
Issued 9.2M shares, $297K proceeds
Trillion Energy issued 9,221,667 common shares on November 10, 2021, via RSU settlements and option/warrant exercises, netting $297,000 in gross proceeds from options while deferring $136,363 via promissory note to director Arthur Halleran for his warrants. All to seven non-US persons under Regulation S. Cash bolsters liquidity. Unregistered securities restrict US resale.
10-Q
Q3 FY2021 results
Trillion Energy swung to a $5.4M net profit for Q3 ended September 30, 2021, versus a $1.2M loss last year, fueled by $879K revenue (up 78% y/y) from Turkey oil/gas sales and a massive $6.2M gain on derivative liability fair value change from CAD warrants. Revenue beat Q2's derived $1.96M (down q/q), yet production costs climbed to $774K (up 58% y/y) on higher volumes from Cendere field averaging 130 boe/d net YTD. Cash swelled to $1.5M on $2.4M financing inflows, mainly warrant exercises, flipping working capital positive at $1.1M while trimming $681K loans payable (10-20.5% rates). Warrants delivered cash.
8-K
Warrant exercises yield CAD$2.4M
Trillion Energy received CAD$1.9M from third-party warrant exercises on August 6, issuing 16.1M shares at CAD$0.12, followed by CAD$0.5M and 4.1M shares on August 20 from officers and others. Total proceeds of CAD$2.4M bolster general corporate purposes. No commissions paid. Funds fuel operations without dilution costs.
10-Q
Q2 FY2021 results
Trillion Energy posted Q2 revenue of $1.0M from oil and gas sales in Turkey, up 56% y/y from $0.6M, while YTD revenue climbed 53% y/y to $2.0M. Production costs held steady near $0.6M quarterly, but investor relations exploded to $0.6M from $0.2M amid heavy stock issuances; operating loss narrowed to $1.1M from $0.8M y/y. Q2 swung to $1.9M net income on $3.0M gain from derivative liability fair value change, yet YTD net loss hit $7.6M as that gain reversed to a $5.7M hit—derivatives now $7.6M on balance sheet. Cash swelled to $1.1M with $1.6M financing inflows, loans payable $0.8M. Warrants drive volatility.
8-K
Annual meeting approves directors, split
Trillion Energy reconvened its adjourned 2021 annual meeting on July 21, electing Arthur Halleran, David M. Thompson, Barry Wood, and Kubilay Yildirim as directors with strong support. Shareholders approved a 1-for-2 to 1-for-5 reverse stock split (board discretion on implementation), boosting authorized shares to 400 million soon, auditor ratification, and exec pay. Votes hit quorum at 54%. Board eyes flexibility on split.
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