Spindletop Oil & Gas Co. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 0.107 million compared to USD 0.116 million a year ago. Revenue was USD 1.67 million compared to USD 2 million a year ago. Net income was USD 0.577 million compared to USD 1.69 million a year ago. Basic earnings per share from continuing operations was USD 0.09 compared to USD 0.25 a year ago.
For the nine months, sales was USD 0.318 million compared to USD 0.323 million a year ago. Revenue was USD 3.9 million compared to USD 6.44 million a year ago. Net income was USD 0.605 million compared to USD 3.29 million a year ago. Basic earnings per share from continuing operations was USD 0.09 compared to USD 0.49 a year ago.