Filing Flows › Spindletop Oil & Gas (SPND) › Q2 2025
Spindletop Oil & Gas (SPND) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 19, 2025
Spindletop Oil & Gas (SPND) reported revenue of $1.0M for the second quarter 2025 (Q2 2025), -7% from a year earlier and -13% from the quarter before. Operating margin was -25.8%, net loss $70K (6.7% of revenue).
Spindletop Oil & Gas, Q2 2025: revenue $1.0M (-7% year over year), operating margin -25.8%, net loss $70K, operating cash flow $66K. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0M | -13% | -7% |
| Operating profit | −$268K | — | — |
| Net earnings | −$70K | -147% | — |
| Operating cash flow | $66K | -76% | +61% |
What changed
Revenue was $1.0M in Q2 2025, down 7% year over year and down 13% from the previous quarter.
Operating costs exceeded revenue by $268K, an operating margin of -25.8%. Total costs fell 16% while revenue fell 7%. The fastest-growing cost line was General & admin (+20%). The quarter ended with a net loss of $70K, after a profit of $150K the previous quarter. Non-operating items added $212K, -379% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $66K (up 61% year over year). Non-cash charges added back $142K of depreciation and amortization. Working capital and other items used $6K.
Questions
What was Spindletop Oil & Gas' revenue in the second quarter 2025?
Spindletop Oil & Gas (SPND) reported revenue of $1.0M for the second quarter 2025 (Q2 2025), -7% from a year earlier and -13% from the quarter before.
Was Spindletop Oil & Gas profitable in the second quarter 2025?
Operating loss was $268K (-25.8% of revenue) and net loss $70K.