Spindletop Q2 Net Income Soars to $747K on 106% Revenue Jump
SPND has more than doubled off its 52-week low of $1.6 on light trading volume (0.4× avg).
Summary
Spindletop Oil & Gas reported Q2 2026 net income of $747,000, reversing a year-ago loss, as oil and gas revenues more than doubled on new well production and higher prices.
Key Events · Earnings and Guidance · SPND
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Q2 Net Income Reversal
Net income of $747,000 in Q2 2026 versus a $70,000 loss in Q2 2025; six-month net income of $1,005,000 versus $80,000.
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Revenue Surge
Oil and gas revenues rose 106.2% YoY to $1.8 million in Q2 2026, driven by new wells and higher prices (oil averaged $85.64/bbl vs. $63.22).
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New Oklahoma Wells Online
Reutlinger 22-27-1H and Edward 30-31-DP #1H wells began production in May 2026, with June daily averages of 487 and 2,092 barrels of oil respectively.
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Texas Asset Sale
Sold non-operated interest in Moore-Hooper #1H, #2H, and #3H wells in Loving County, Texas for $755,000 in proceeds.
Analysis · SPND · Energy & Transportation
A 106% surge in oil and gas revenues to $1.8 million drove Spindletop Oil & Gas to a $747,000 net profit in Q2 2026, reversing a $70,000 loss a year earlier. Two new Oklahoma wells came online in May 2026 with strong initial production, and the company sold its non-operated Texas interest for $755,000. Cash and equivalents rose to $5.1 million, improving liquidity. The stock trades on OTC Pink Limited with a yield sign warning, so liquidity remains a concern despite the operational turnaround.
At the time of this filing, SPND was trading at $3.86 on OTC in the Energy & Transportation sector, with a market capitalization of approximately $25.5M. The 52-week trading range was $1.60 to $10.25. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.