Filing Flows › Spindletop Oil & Gas (SPND) › Q3 2025
Spindletop Oil & Gas (SPND) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 19, 2025
Spindletop Oil & Gas (SPND) reported revenue of $958K for the third quarter 2025 (Q3 2025), +8% from a year earlier and -8% from the quarter before. Operating margin was -30.3%, net earnings $209K (21.8% of revenue).
Spindletop Oil & Gas, Q3 2025: revenue $958K (+8% year over year), operating margin -30.3%, net earnings $209K, operating cash flow $718K. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $958K | -8% | +8% |
| Operating profit | −$290K | — | — |
| Net earnings | $209K | — | — |
| Operating cash flow | $718K | +988% | +524% |
What changed
Revenue was $1.0M in Q3 2025, up 8% year over year and down 8% from the previous quarter.
Operating costs exceeded revenue by $290K, an operating margin of -30.3%. Total costs grew 15% against revenue growth of 8%. The fastest-growing cost line was Other operating costs (+17%). Net earnings were $209K, up 43% year over year. Non-operating items added $208K, -254% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $718K (up 524% year over year), 344% of net earnings. Non-cash charges added back $140K of depreciation and amortization. Working capital and other items added $369K.
Questions
What was Spindletop Oil & Gas' revenue in the third quarter 2025?
Spindletop Oil & Gas (SPND) reported revenue of $958K for the third quarter 2025 (Q3 2025), +8% from a year earlier and -8% from the quarter before.
Was Spindletop Oil & Gas profitable in the third quarter 2025?
Operating loss was $290K (-30.3% of revenue) and net earnings $209K.