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MARKETS / BALCAO / SPND
BALCAO · CRUDE PETROLEUM & NATURAL GAS · SMALL CAP

Spindletop OIL & GAS Co. SPND

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$4.4M
▲ 4.4% YoY
$-1.9M
In brief

What this company does

Spindletop Oil & Gas Co. is an independent oil and gas company engaged in the exploration, development, production and acquisition of oil and natural gas; and through one of its subsidiaries, the rental of oilfield equipment and the gathering and marketing of natural gas. The Company has focused its oil and gas operations principally in Texas, although we operate properties in five states including: Texas, Oklahoma, New Mexico, Louisiana, and Alabama. In addition, the Company, through PPC, owns several miles of pipelines associated with Company operated oil and natural gas properties in Texas which are used for the gathering of natural gas. The Company owns various interests in wells located in numerous states and the Company’s operations are currently located in 5 of those states which include Alabama, Louisiana, Oklahoma, New Mexico and Texas. The Company holds approximately 50,633 gross acres (10,211 net acres) under lease in the states listed below. Additionally, the Company has a dedicated and well-trained team of employees and professional staff that continually seek out low-risk profitable drilling and acquisition opportunities.

Written from the business description in Spindletop Oil & Gas Co.'s annual report to the U.S. Securities and Exchange Commission, filed 15 April 2026. Every sentence was checked against that document before publication.

Growth
USD 4.4M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 4.4 · Net income -1.9
5M10M-2M-4M200920112013201520172019202120232025
Compound annual growth
−19.0%
+4.5%
−2.9%
−2.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +4.5% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−42 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -73.9% · Net -42.4%
10%20%-50%200920112013201520172019202120232025
ROE
FY2025 · ROE -12.2%
5%10%15%-10%-20%200920112013201520172019202120232025

Each USD of equity lost 12 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2023 · FCF 0.8
2.0M4.0M-0.4M-0.8M200920112013201520172019202120232025

Total assetsUSD 27.5M
EquityUSD 14.3M
CashUSD 3.6M
Current ratio0.94×

Equity funds 52% of total assets.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Operating income $B−0.0−0.0−0.0−0.00.0−0.0···········
EBITDA $B−0.0−0.0−0.00.00.0−0.0···········
Income tax $B−0.0−0.0−0.00.0−0.0−0.0−0.00.00.0−0.0−0.00.00.0−0.0−0.0··
Net income $B−0.0−0.00.00.00.0−0.0−0.00.0−0.0−0.0−0.00.00.00.00.00.00.0
Free cash flow $B··0.00.00.0−0.0−0.0······0.0···
EPS, diluted $·····−0.13−0.090.04·−0.19−0.830.460.510.490.230.060.01
Dividend / sh $·················
Payout %·················
ROE %−12.2−3.70.0·····−0.07.5−27.014.218.4····
Shares out B0.010.010.010.010.010.010.010.010.010.010.010.010.010.010.010.01·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 54 reconciliationsAUDITED

Reconciled in 19 of 19 fiscal years. 22 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityCrude Petroleum & Natural Gas
Listed onOTC market
Incorporated inTexas
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2007

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