Spindletop Oil & Gas (SPND) Operating Expenses (2010 - 2026)
Spindletop Oil & Gas (SPND) posted quarterly Operating Expenses of $1.2 million for Q1 2026, down 2.91% year-over-year from $1.2 million in Q1 2025, and down 69.47% quarter-over-quarter from $3.9 million in Q4 2025.
Spindletop Oil & Gas (SPND) Operating Expenses (2010 - 2026) Analysis & Trends
Spindletop Oil & Gas (SPND) has reported Operating Expenses for 14 consecutive years, with $1.2 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses fell 2.91% year-over-year to $1.2 million; the TTM figure through Mar 2026 stood at $7.7 million (up 26.04% YoY), while the FY2025 annual figure was $7.7 million, up 28.08% from the prior year.
- Operating Expenses eased to $1.2 million in Q1 2026 per SPND's latest filing, from $3.9 million in the prior quarter.
- Across five years, Operating Expenses topped out at $4.5 million in Q4 2022 and bottomed at $1.1 million in Q3 2024.
- Historically, Operating Expenses has averaged $1.7 million across 5 years, with a median of $1.3 million in 2025.
- Annual changes were most pronounced in 2022 — Operating Expenses surged 281.14% — and 2023, when it sank 51.15%.
- Spindletop Oil & Gas' Operating Expenses stood at $4.5 million in 2022, then slumped by 51.15% to $2.2 million in 2023, then rose by 1.83% to $2.2 million in 2024, then surged by 76.99% to $3.9 million in 2025, then plunged by 69.47% to $1.2 million in 2026.
- Business Quant data shows SPND's Operating Expenses at $1.2 million in Q1 2026, $3.9 million in Q4 2025, and $1.2 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 2.43 Bn |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | 114.95 Mn |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 5.09 Bn |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 3.05 Bn |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 5.03 Bn |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | - |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 4.55 Bn |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | 1.42 Bn |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | 54.24 Mn |
| 10 | Spindletop Oil & Gas | 25.47 Mn | 20.46 Mn | - | 1.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.20 Mn |
| Dec 31, 2025 | 3.93 Mn |
| Sep 30, 2025 | 1.25 Mn |
| Jun 30, 2025 | 1.31 Mn |
| Mar 31, 2025 | 1.24 Mn |
| Dec 31, 2024 | 2.22 Mn |
| Sep 30, 2024 | 1.08 Mn |
| Jun 30, 2024 | 1.56 Mn |
| Mar 31, 2024 | 1.17 Mn |
| Dec 31, 2023 | 2.18 Mn |
| Sep 30, 2023 | 1.27 Mn |
| Jun 30, 2023 | 1.13 Mn |
| Mar 31, 2023 | 1.51 Mn |
| Dec 31, 2022 | 4.47 Mn |
| Sep 30, 2022 | 1.39 Mn |
| Jun 30, 2022 | 1.33 Mn |
| Mar 31, 2022 | 1.22 Mn |
| Dec 31, 2021 | -2.47 Mn |
| Sep 30, 2021 | 992,000.00 |
| Jun 30, 2021 | 1.23 Mn |