Spindletop Oil & Gas Co. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 0.11 million compared to USD 0.114 million a year ago. Revenue was USD 2.68 million compared to USD 1.23 million a year ago. Net income was USD 1.09 million compared to net loss of USD 0.006 million a year ago. Basic earnings per share from continuing operations was USD 0.16.
For the six months, sales was USD 0.207 million compared to USD 0.23 million a year ago. Revenue was USD 4.5 million compared to USD 2.33 million a year ago. Net income was USD 1.6 million compared to USD 0.091 million a year ago. Basic earnings per share from continuing operations was USD 0.24 compared to USD 0.01 a year ago.