Spindletop Oil & Gas Co. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 0.105 million compared to USD 0.097 million a year ago.

Revenue was USD 1.17 million compared to USD 1.8 million a year ago. Net loss was USD 0.097 million compared to net income of USD 0.509 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to basic earnings per share from continuing operations of USD 0.08 a year ago.