Filing Flows › Spindletop Oil & Gas (SPND) › Q1 2026
Spindletop Oil & Gas (SPND) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 20, 2026
Spindletop Oil & Gas (SPND) reported revenue of $1.3M for the first quarter 2026 (Q1 2026), +11% from a year earlier and +6% from the quarter before. Operating margin was 9.2%, net earnings $258K (19.5% of revenue).
Spindletop Oil & Gas, Q1 2026: revenue $1.3M (+10% year over year), operating margin 9.2%, net earnings $258K, operating cash flow $367K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3M | +6% | +11% |
| Operating profit | $121K | — | — |
| Net earnings | $258K | — | +72% |
| Operating cash flow | $367K | — | +35% |
What changed
Revenue was $1.3M in Q1 2026, up 11% year over year and up 6% from the previous quarter.
Operating profit was $121K, a 9.2% margin (up 12.6 points year over year). Total costs fell 3% while revenue rose 11%. Net earnings were $258K, up 72% year over year. The effective tax rate was 10.7%. Non-operating items added $168K, 58% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $367K (up 35% year over year), 142% of net earnings. Non-cash charges added back $96K of depreciation and amortization.
Questions
What was Spindletop Oil & Gas' revenue in the first quarter 2026?
Spindletop Oil & Gas (SPND) reported revenue of $1.3M for the first quarter 2026 (Q1 2026), +11% from a year earlier and +6% from the quarter before.
Was Spindletop Oil & Gas profitable in the first quarter 2026?
Operating profit was $121K (9.2% of revenue) and net earnings $258K.