Every 10-Q that SPINDLETOP OIL&GAS CO (SPND) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow SPND and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SPND filings page.
SPINDLETOP OIL & GAS CO (SPND) reported sharply improved results for the quarter and six months ended June 30, 2026. For the first half of 2026, total revenues were $3.27 million versus $2.24 million in 2025, driven mainly by a 54.9% increase in oil and gas revenues to $2.99 million as new wells came online and commodity prices rose.
Six‑month net income rose to $1.01 million from $80,000, with basic and diluted EPS of $0.15 versus $0.01. Cash, cash equivalents and restricted cash increased to $5.40 million at June 30, 2026, and shareholders’ equity was $15.33 million against total liabilities of $12.70 million. The company highlights significant dependence on volatile oil and gas prices, notes it is evaluating whether internal cash flow alone can fund operations and may need third‑party financing or asset/joint‑venture transactions, and discloses that its stock was downgraded to the OTC Pink Limited market with a prominent trading warning, which may adversely affect liquidity.
Spindletop Oil & Gas Co. reported stronger results for the quarter ended March 31, 2026. Total revenues were $1,321,000, up from $1,195,000 a year earlier, as higher natural gas prices and increased oil volumes offset lower oil prices and interest income.
Net income rose to $258,000 from $150,000, with basic and diluted earnings per share improving to $0.04 from $0.02. Cash, cash equivalents and restricted cash were $4,526,000, and total assets were $27,841,000 against total liabilities of $13,255,000.
Management notes that cash flows and capital needs depend heavily on commodity prices and is evaluating options such as joint ventures or property sales to fund operations. The stock remains quoted on the OTC Markets Pink Limited tier with a warning label, which the company acknowledges may further constrain trading liquidity and investor access.
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.