OverviewSuggest Edit

Triangle Petroleum Corporation is an independent energy holding company with three principal lines of business: oil and natural gas exploration, development, and production; oilfield services; and midstream services. The Company conducts these activities primarily in the Williston Basin of North Dakota and Montana through the Company’s two principal wholly-owned subsidiaries and its equity joint venture. Triangle USA Petroleum Corporation conducts its exploration and production operations by acquiring and developing unconventional shale oil and natural gas resources; RockPile Energy Services is a provider of hydraulic pressure pumping and complementary services; and Caliber Midstream Partners, L.P. is a joint venture with First Reserve Energy Infrastructure Fund providing crude oil, natural gas and fresh and produced water gathering, processing, and transportation services.

TypePublic
Founded2003
HQDenver, US
Websitetrianglepetroleum.com

Locations

Triangle Petroleum is headquartered in
Denver, United States

Location Map

Latest Updates

Employees (est.) (Feb 2019)385
Revenue (FY, 2016)$358.1 M(-37%)
Share Price (Oct 2017)$0
Cybersecurity ratingAMore

Key People/Management at Triangle Petroleum

Bradley Sharp

Bradley Sharp

Chief Restructuring Officer
Ryan McGee

Ryan McGee

General Counsel
Show more

Triangle Petroleum Office Locations

Triangle Petroleum has an office in Denver
Denver, US (HQ)
1200 17th St #2500
Show all (1)

Triangle Petroleum Financials and Metrics

Triangle Petroleum Revenue

Triangle Petroleum's revenue was reported to be $358.13 m in FY, 2016 which is a 37.5% decrease from the previous period.
USD

Net income (Q3, 2017)

29.8m

EBIT (Q3, 2017)

(9.2m)

Market capitalization (8-Oct-2018)

1.3m

Cash (31-Oct-2016)

10.8m

EV

146.8m
Triangle Petroleum's current market capitalization is $1.3 m.
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

8.1m60.7m258.7m573.0m358.1m

Revenue growth, %

121%(37%)

General and administrative expense

4.4m22.3m9.8m62.8m62.3m

Operating expense total

4.4m18.2m9.8m62.8m62.3m
Quarterly
USDQ2, 2012Q3, 2012Q1, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

625.0k3.5m5.2m23.2m34.3m50.4m88.5m99.8m142.0m174.2m118.3m109.7m65.1m44.4m49.5m

Sales and marketing expense

4.7m

General and administrative expense

2.5m1.8m1.9m2.6m4.9m5.4m4.4m6.6m7.2m14.9m14.6m11.3m22.1m8.9m

Operating expense total

2.5m1.8m1.9m2.6m4.9m5.4m71.4m4.4m6.6m7.2m14.9m14.6m350.3m11.3m22.1m8.9m
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

69.6m33.1m81.8m67.9m115.8m

Accounts Receivable

3.9m28.5m85.0m164.4m53.3m

Prepaid Expenses

161.7k904.4k15.0m

Inventories

1.4m
Quarterly
USDQ2, 2012Q3, 2012Q1, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

110.7m93.9m34.1m45.0m54.4m49.4m100.2m105.3m107.5m53.2m50.3m45.9m36.3m197.6m30.3m10.8m

Accounts Receivable

327.9k5.0m3.0m26.8m38.0m38.8m71.4m85.1m122.4m166.7m124.8m116.2m63.5m53.8m12.2m901.0k

Prepaid Expenses

425.5k313.5k271.7k1.1m1.5m10.6m8.9m8.7m10.9m11.3m3.1m

Inventories

740.8k1.7m
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(23.8m)(13.8m)73.5m93.4m(822.3m)

Depreciation and Amortization

3.1m15.1m57.0m124.1m

Inventories

(1.4m)

Accounts Payable

631.7k22.1m41.0m57.2m(61.2m)
Quarterly
USDQ2, 2012Q3, 2012Q1, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

(7.2m)(9.3m)(2.9m)(3.0m)5.2m12.0m29.4m14.5m29.1m54.5m(180.2m)(373.5m)(660.5m)(94.1m)122.9m152.7m

Depreciation and Amortization

342.0k1.6m2.2m9.3m7.5m18.4m37.0m21.2m47.9m80.5m37.8m70.1m98.4m25.7m16.0m

Inventories

(740.8k)(254.0k)

Accounts Payable

(1.9m)(1.4m)(2.1m)8.2m6.0m15.1m2.9m(1.8m)3.0m21.7m(43.0m)(48.3m)(69.2m)1.0m(9.3m)(623.0k)
USDQ2, 2012

Financial Leverage

1 x
Show all financial metrics

Triangle Petroleum Cybersecurity Score

Cybersecurity ratingPremium dataset

A

93/100

SecurityScorecard logo

Triangle Petroleum Online and Social Media Presence

Embed Graph

Triangle Petroleum Frequently Asked Questions

  • When was Triangle Petroleum founded?

    Triangle Petroleum was founded in 2003.

  • Who are Triangle Petroleum key executives?

    Triangle Petroleum's key executives are Bradley Sharp and Ryan McGee.

  • How many employees does Triangle Petroleum have?

    Triangle Petroleum has 385 employees.

  • What is Triangle Petroleum revenue?

    Latest Triangle Petroleum annual revenue is $358.1 m.

  • What is Triangle Petroleum revenue per employee?

    Latest Triangle Petroleum revenue per employee is $930.2 k.

  • Who are Triangle Petroleum competitors?

    Competitors of Triangle Petroleum include Matador Resources Company, Caspian Sunrise and Providence Resources.

  • Where is Triangle Petroleum headquarters?

    Triangle Petroleum headquarters is located at 1200 17th St #2500, Denver.

  • Where are Triangle Petroleum offices?

    Triangle Petroleum has an office in Denver.

  • How many offices does Triangle Petroleum have?

    Triangle Petroleum has 1 office.