Filing Flows › Spindletop Oil & Gas (SPND) › Q4 2024
Spindletop Oil & Gas (SPND) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Apr 15, 2025
Spindletop Oil & Gas (SPND) reported revenue of $1.2M for the fourth quarter 2024 (Q4 2024), +2% from a year earlier and +39% from the quarter before. Operating margin was -80.6%, net loss $713K (58.0% of revenue).
Spindletop Oil & Gas, Q4 2024: revenue $1.2M (+2% year over year), operating margin -80.6%, net loss $713K, operating cash flow −$313K. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2M | +39% | +2% |
| Operating profit | −$991K | — | — |
| Net earnings | −$713K | — | — |
| Operating cash flow | −$313K | — | — |
What changed
Revenue was $1.2M in Q4 2024, up 2% year over year and up 39% from the previous quarter.
Operating costs exceeded revenue by $1.0M, an operating margin of -80.6%. Total costs grew 2% against revenue growth of 2%. The quarter ended with a net loss of $713K, after a profit of $146K the previous quarter. Non-operating items added $236K, -31% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$313K. Non-cash charges added back $212K of depreciation and amortization. Working capital and other items added $188K.
Questions
What was Spindletop Oil & Gas' revenue in the fourth quarter 2024?
Spindletop Oil & Gas (SPND) reported revenue of $1.2M for the fourth quarter 2024 (Q4 2024), +2% from a year earlier and +39% from the quarter before.
Was Spindletop Oil & Gas profitable in the fourth quarter 2024?
Operating loss was $991K (-80.6% of revenue) and net loss $713K.