Filing Flows › Spindletop Oil & Gas (SPND) › Q1 2025
Spindletop Oil & Gas (SPND) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 20, 2025
Spindletop Oil & Gas (SPND) reported revenue of $1.2M for the first quarter 2025 (Q1 2025), +17% from a year earlier and -3% from the quarter before. Operating margin was -3.4%, net earnings $150K (12.6% of revenue).
Spindletop Oil & Gas, Q1 2025: revenue $1.2M (+17% year over year), operating margin -3.4%, net earnings $150K, operating cash flow $272K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2M | -3% | +17% |
| Operating profit | −$41K | — | — |
| Net earnings | $150K | — | — |
| Operating cash flow | $272K | — | -29% |
What changed
Revenue was $1.2M in Q1 2025, up 17% year over year and down 3% from the previous quarter.
Operating costs exceeded revenue by $41K, an operating margin of -3.4%. Total costs grew 6% against revenue growth of 17%. Net earnings were $150K, up 92% year over year. The effective tax rate was 10.2%. Non-operating items added $208K, 125% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $272K (down 29% year over year), 181% of net earnings. Non-cash charges added back $46K of depreciation and amortization. Working capital and other items added $76K.
Questions
What was Spindletop Oil & Gas' revenue in the first quarter 2025?
Spindletop Oil & Gas (SPND) reported revenue of $1.2M for the first quarter 2025 (Q1 2025), +17% from a year earlier and -3% from the quarter before.
Was Spindletop Oil & Gas profitable in the first quarter 2025?
Operating loss was $41K (-3.4% of revenue) and net earnings $150K.