Spindletop Oil & Gas (SPND) Asset Utilization Ratio (2011 - 2026)
Spindletop Oil & Gas (SPND) posted quarterly Asset Utilization Ratio of 0.14 for Q1 2026, up 17.25% year-over-year from 0.12 in Q1 2025, and up 7.97% quarter-over-quarter from 0.13 in Q4 2025.
Spindletop Oil & Gas (SPND) Asset Utilization Ratio (2011 - 2026) Analysis & Trends
Spindletop Oil & Gas (SPND) has reported Asset Utilization Ratio for 11 consecutive years, with 0.14 the latest figure, recorded in Q1 2026.
- In Q1 2026, Asset Utilization Ratio rose 17.25% year-over-year to 0.14; the TTM figure through Mar 2026 stood at 0.14 (up 17.25% YoY), while the FY2025 annual figure was 0.14, up 5.97% from the prior year.
- Asset Utilization Ratio advanced to 0.14 in Q1 2026 per SPND's latest filing, from 0.13 in the prior quarter.
- Across five years, Asset Utilization Ratio topped out at 0.51 in Q1 2022 and bottomed at 0.12 in Q4 2024.
- Historically, Asset Utilization Ratio has averaged 0.24 across 5 years, with a median of 0.19 in 2023.
- Annual changes were most pronounced in 2022 — Asset Utilization Ratio jumped 170.17% — and 2024, when it slumped 63.17%.
- Spindletop Oil & Gas' Asset Utilization Ratio stood at 0.51 in 2022, then slumped by 63.1% to 0.19 in 2023, then tumbled by 35.25% to 0.12 in 2024, then gained by 9.7% to 0.13 in 2025, then increased by 7.97% to 0.14 in 2026.
- Business Quant data shows SPND's Asset Utilization Ratio at 0.14 in Q1 2026, 0.13 in Q4 2025, and 0.13 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 164.44 Bn | 156.75 Bn | 12.81 Bn | 0.53 |
| 2 | Canadian Natural Resources | 106.98 Bn | 105.09 Bn | 10.66 Bn | - |
| 3 | Eog Resources | 80.47 Bn | 75.56 Bn | - | 0.50 |
| 4 | Diamondback Energy | 59.28 Bn | 58.82 Bn | 5.55 Bn | 0.24 |
| 5 | Woodside Energy | 46.13 Bn | 40.18 Bn | 6.02 Bn | - |
| 6 | Devon Energy | 46.12 Bn | 45.11 Bn | 6.02 Bn | 0.39 |
| 7 | Occidental Petroleum | 39.25 Bn | 35.10 Bn | 7.73 Bn | 0.27 |
| 8 | Eqt | 33.67 Bn | 33.56 Bn | 1.42 Bn | 0.23 |
| 9 | Texas Pacific Land | 26.50 Bn | 26.25 Bn | - | 0.50 |
| 10 | Spindletop Oil & Gas | 25.47 Mn | 20.46 Mn | - | 0.17 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.14 |
| Dec 31, 2025 | 0.13 |
| Sep 30, 2025 | 0.13 |
| Jun 30, 2025 | 0.13 |
| Mar 31, 2025 | 0.12 |
| Dec 31, 2024 | 0.12 |
| Sep 30, 2024 | 0.16 |
| Jun 30, 2024 | 0.19 |
| Mar 31, 2024 | 0.19 |
| Dec 31, 2023 | 0.19 |
| Sep 30, 2023 | 0.20 |
| Jun 30, 2023 | 0.20 |
| Mar 31, 2023 | 0.51 |
| Dec 31, 2022 | 0.51 |
| Sep 30, 2022 | 0.29 |
| Jun 30, 2022 | 0.30 |
| Mar 31, 2022 | 0.51 |
| Dec 31, 2021 | 0.50 |
| Sep 30, 2021 | 0.22 |
| Jun 30, 2021 | 0.20 |