Welcome to our dedicated page for Spindletop Oil & SEC filings (Ticker: SPND), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
spindletop oil & gas co. (spnd.ob) is a publicly traded company engaged in the exploration, development, and production of crude oil and natural gas in north america. spindletop oil & gas co. has production in 14 states with a large concentration of production in texas.Spindletop Oil & Gas Co. filed a Form 12b-25 notifying the SEC it cannot timely file its Form 10-K for the period ended December 31, 2025. The company expects a net loss of approximately $1,900,000 for 2025 and reports an increased Asset Retirement Obligation (ARO) provision of approximately $1,544,000 tied to higher plugging and reclamation costs.
Spindletop Oil & Gas Co. reported modest profitability for the nine months ended September 30, 2025, with net income of $289,000 versus $84,000 a year earlier and basic and diluted EPS of $0.04. Total revenues rose slightly to $3,193,000, as higher natural gas volumes and prices offset weaker oil sales and lower interest income.
Operations generated an operating loss of $599,000, but interest income of $628,000 turned results positive. Cash, cash equivalents and restricted cash were $5,222,000 at period end, down from $6,742,000 at the start of the year, reflecting $1,028,000 of capitalized acquisition, exploration and development spending, $1,197,000 of additional long-term investments, and a $351,000 repurchase of 141,573 shares into treasury stock.
The company highlighted significant risks to liquidity and access to capital. Its stock was downgraded on July 1, 2025 to the OTC Markets Pink Limited tier, now displaying a prominent “Warning! Limited Information” label and yield sign, which it states will likely reduce trading liquidity and make it harder for shareholders to buy and sell SPND. Spindletop also disclosed the dismissal without prejudice of one Louisiana pollution lawsuit and a new, early-stage pollution lawsuit, and described participation in several small non-operated horizontal wells in Oklahoma and West Texas.
Spindletop Oil & Gas Co. filed a Form 12b-25 to report that its Form 10-Q for the period ended September 30, 2025 will be filed late because it is still waiting for information from oil and gas purchasers and third-party operators. The company expects stronger results, with net income for the nine-month period anticipated to be around $290,000, up from $84,000 for the same period in 2024. Total revenues for the nine months are expected to rise by about $75,000, while total expenses are expected to decline by about $25,000 compared to the prior-year period.