Spindletop Oil & Gas Co. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 0.106 million compared to USD 0.11 million a year ago. Revenue was USD 1.05 million compared to USD 2.64 million a year ago. Net income was USD 0.125 million compared to USD 1.09 million a year ago. Basic earnings per share from continuing operations was USD 0.02 compared to USD 0.16 a year ago.
For the six months, sales was USD 0.211 million compared to USD 0.207 million a year ago. Revenue was USD 2.22 million compared to USD 4.44 million a year ago. Net income was USD 0.028 million compared to USD 1.6 million a year ago.