$SPND
SPINDLETOP OIL & GAS CO

2024 Q4 Form 10-Q Financial Statement

#000101738624000270 Filed on November 19, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $888.0K
YoY Change -46.95%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $65.00K
YoY Change 109.68%
% of Gross Profit
Operating Expenses $1.081M
YoY Change -15.08%
Operating Profit -$193.0K
YoY Change -148.13%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $58.00K
YoY Change -90.49%
Income Tax -$88.00K
% Of Pretax Income -151.72%
Net Earnings $146.0K
YoY Change -74.83%
Net Earnings / Revenue 16.44%
Basic Earnings Per Share $0.02
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 6.740M shares 6.740M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $7.423M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $9.571M
YoY Change -2.0%
LONG-TERM ASSETS
Property, Plant & Equipment $635.0K
YoY Change 7.63%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $18.55M
YoY Change 0.22%
TOTAL ASSETS
Total Short-Term Assets $9.571M
Total Long-Term Assets $18.55M
Total Assets $28.12M
YoY Change -0.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $6.529M
YoY Change 3.75%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $4.314M
YoY Change 2.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.529M
Total Long-Term Liabilities $4.314M
Total Liabilities $10.84M
YoY Change 3.42%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.919M
YoY Change 0.0%
Treasury Stock Shares
Shareholders Equity $17.27M
YoY Change
Total Liabilities & Shareholders Equity $28.12M
YoY Change -0.55%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $146.0K
YoY Change -74.83%
Depreciation, Depletion And Amortization $65.00K
YoY Change 109.68%
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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GainLossOnDispositionOfAssets1
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CY2024Q3 us-gaap Gain Loss On Disposition Of Assets1
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CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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26300000 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
635000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
846000 usd
CY2024Q3 us-gaap Land
Land
688000 usd
CY2023Q4 us-gaap Land
Land
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CY2024Q3 spnd Commercial Office Building
CommercialOfficeBuilding
1907000 usd
CY2024Q3 us-gaap Other Assets
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CY2023Q4 us-gaap Other Assets
OtherAssets
4000 usd
CY2024Q3 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
16601000 usd
CY2023Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
16619000 usd
CY2024Q3 us-gaap Assets
Assets
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CY2023Q4 us-gaap Assets
Assets
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CY2024Q3 us-gaap Accounts Payable And Accrued Liabilities Current
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CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
6542000 usd
CY2024Q3 us-gaap Liabilities Current
LiabilitiesCurrent
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CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
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CY2024Q3 us-gaap Asset Retirement Obligations Noncurrent
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CY2023Q4 us-gaap Asset Retirement Obligations Noncurrent
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CY2024Q3 us-gaap Liabilities Noncurrent
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CY2023Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
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CY2024Q3 us-gaap Liabilities
Liabilities
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CY2023Q4 us-gaap Liabilities
Liabilities
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CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
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CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
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CY2024Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
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CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
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CY2024Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CY2023Q4 us-gaap Common Stock Shares Issued
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CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2024Q3 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
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CY2023Q4 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
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CY2023Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
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CY2023Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1919000 usd
CY2023Q4 us-gaap Retained Earnings Unappropriated
RetainedEarningsUnappropriated
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CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
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us-gaap Results Of Operations Revenue From Oil And Gas Producing Activities
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CY2024Q3 us-gaap Results Of Operations Revenue From Oil And Gas Producing Activities
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CY2023Q3 us-gaap Results Of Operations Revenue From Oil And Gas Producing Activities
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us-gaap Capital Leases Income Statement Lease Revenue
CapitalLeasesIncomeStatementLeaseRevenue
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CY2024Q3 us-gaap Capital Leases Income Statement Lease Revenue
CapitalLeasesIncomeStatementLeaseRevenue
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spnd Gas Gathering Compression Equip Rental
GasGatheringCompressionEquipRental
78000 usd
CY2024Q3 spnd Gas Gathering Compression Equip Rental
GasGatheringCompressionEquipRental
29000 usd
spnd Production Taxes Gathering And Marketing
ProductionTaxesGatheringAndMarketing
507000 usd
CY2024Q3 spnd Production Taxes Gathering And Marketing
ProductionTaxesGatheringAndMarketing
120000 usd
CY2023Q3 spnd Production Taxes Gathering And Marketing
ProductionTaxesGatheringAndMarketing
191000 usd
spnd Pipeline And Rental Operations
PipelineAndRentalOperations
17000 usd
CY2024Q3 spnd Pipeline And Rental Operations
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6000 usd
CY2023Q3 spnd Pipeline And Rental Operations
PipelineAndRentalOperations
5000 usd
us-gaap Real Estate Investment Partnership Cost Of Sales
RealEstateInvestmentPartnershipCostOfSales
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CY2024Q3 us-gaap Real Estate Investment Partnership Cost Of Sales
RealEstateInvestmentPartnershipCostOfSales
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CY2023Q3 us-gaap Real Estate Investment Partnership Cost Of Sales
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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CY2024Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
65000 usd
CY2023Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
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us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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CY2024Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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CY2023Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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us-gaap Operating Expenses
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CY2024Q3 us-gaap Operating Expenses
OperatingExpenses
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CY2023Q3 us-gaap Operating Expenses
OperatingExpenses
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us-gaap Operating Income Loss
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CY2024Q3 us-gaap Operating Income Loss
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CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2024Q3 us-gaap Interest And Other Income
InterestAndOtherIncome
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CY2023Q3 us-gaap Interest And Other Income
InterestAndOtherIncome
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us-gaap Other Operating Income Expense Net
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CY2024Q3 us-gaap Other Operating Income Expense Net
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CY2023Q3 us-gaap Other Operating Income Expense Net
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us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
610000 usd
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2024Q3 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2023Q3 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2023Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6739943 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0000867038
CY2024Q3 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
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us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
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spnd Proceeds From Sale Of Oil And Gas Property And Equipment1
ProceedsFromSaleOfOilAndGasPropertyAndEquipment1
usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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us-gaap Increase Decrease In Other Deferred Liability
IncreaseDecreaseInOtherDeferredLiability
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us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
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us-gaap Proceeds From Sale Of Other Property Plant And Equipment
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spnd Purchase Of Tresasury Stock
PurchaseOfTresasuryStock
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2024-09-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
000-18774
dei Entity Registrant Name
EntityRegistrantName
SPINDLETOP OIL & GAS CO.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
TX
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
75-2063001
dei Entity Address Address Line1
EntityAddressAddressLine1
12850 Spurling Rd.
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 200
dei Entity Address City Or Town
EntityAddressCityOrTown
Dallas
dei Entity Address State Or Province
EntityAddressStateOrProvince
TX
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
75230
dei City Area Code
CityAreaCode
(972)
dei Local Phone Number
LocalPhoneNumber
644-2581
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2024Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
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CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
7423000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2024Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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CY2023Q4 us-gaap Prepaid Taxes
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RentalEquipment
465000 usd
CY2023Q4 spnd Rental Equipment
RentalEquipment
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GasGatheringSystem
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AccumulatedDepreciation
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CY2023Q4 spnd Accumulated Depreciation
AccumulatedDepreciation
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CY2024Q3 spnd Total Real Estate Property
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CY2023Q4 spnd Total Real Estate Property
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1363000 usd
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CY2023Q4 us-gaap Deferred Income Tax Assets Net
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CY2024Q3 us-gaap Treasury Stock Value
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us-gaap Rental Income Nonoperating
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spnd Production Taxes Gathering And Marketing
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us-gaap Asset Retirement Obligation Accretion Expense
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us-gaap Net Income Loss
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CY2023Q3 us-gaap Net Income Loss
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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84000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
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605000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
146000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
77000 usd
us-gaap Accretion Expense Including Asset Retirement Obligations
AccretionExpenseIncludingAssetRetirementObligations
100000 usd
us-gaap Accretion Expense Including Asset Retirement Obligations
AccretionExpenseIncludingAssetRetirementObligations
572000 usd
spnd Proceeds From Sale Of Oil And Gas Property And Equipment1
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104000 usd
us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-324000 usd
srt Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves
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srt Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves
61000 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
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us-gaap Increase Decrease In Accounts Payable Trade
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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82000 usd
us-gaap Increase Decrease In Other Deferred Liability
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us-gaap Net Cash Provided By Used In Operating Activities
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537000 usd
us-gaap Net Cash Provided By Used In Operating Activities
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923000 usd
spnd Capitalized Acquisition Exploration And Development
CapitalizedAcquisitionExplorationAndDevelopment
82000 usd
spnd Capitalized Acquisition Exploration And Development
CapitalizedAcquisitionExplorationAndDevelopment
509000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
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us-gaap Payments For Proceeds From Longterm Investments
PaymentsForProceedsFromLongtermInvestments
-100000 usd
us-gaap Payments For Proceeds From Longterm Investments
PaymentsForProceedsFromLongtermInvestments
6950000 usd
us-gaap Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
104000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
18000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-7439000 usd
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
10375 shares
spnd Purchase Of Tresasury Stock
PurchaseOfTresasuryStock
30000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-30000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
555000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-6546000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7138000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13867000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7693000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7321000 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
104000 usd
CY2023Q3 us-gaap Oil And Gas Producing Properties Of Rate Regulated Companies Unamortized Cost
OilAndGasProducingPropertiesOfRateRegulatedCompaniesUnamortizedCost
230000 usd

Files In Submission

Name View Source Status
0001017386-24-000270-index-headers.html Edgar Link pending
0001017386-24-000270-index.html Edgar Link pending
0001017386-24-000270.txt Edgar Link pending
0001017386-24-000270-xbrl.zip Edgar Link pending
exhibit_31-1.htm Edgar Link pending
exhibit_31-2.htm Edgar Link pending
exhibit_32-1.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R2.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
spnd-20240930.xsd Edgar Link pending
spnd_2024sept30-10q.htm Edgar Link pending
spnd-20240930_cal.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
spnd-20240930_def.xml Edgar Link unprocessable
spnd-20240930_lab.xml Edgar Link unprocessable
spnd-20240930_pre.xml Edgar Link unprocessable
spnd_2024sept30-10q_htm.xml Edgar Link completed