Spindletop Oil & Gas Co. (SPND) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Spindletop Oil & Gas Co. (SPND) trades at $3.86 with AI Score 47/100 (Grade C). Spindletop Oil & Gas Co. (SPND) is an independent oil and gas exploration and production company based in Dallas, Texas. Market cap: $25.5M, Sector: Energy.
Price as of Aug 21, 2026 · Last analyzed: Jun 15, 2026Analyst Coverage for SPND: SPND does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates SPND against Energy peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
SPND: this read rests on a single discipline (MoonshotScore) — the other council disciplines have no scored data yet.
How is this calculated? →Why this analysis is different
- A 9-signal quantitative MoonshotScore built from filings, insider activity, and market data — computed from the numbers, not from opinion.
- An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
- Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.
Spindletop Oil & Gas Co. (SPND) Energy Operations & Outlook
Spindletop Oil & Gas Co. operates as an independent upstream oil and gas company, focusing on resource acquisition and extraction across several U.S. states while also engaging in equipment rental and pipeline operations.
What Is the Investment Thesis for SPND?
Spindletop Oil & Gas Co. presents a unique position within the oil and gas sector, characterized by its substantial net proved reserves of 186,690 barrels of crude oil and 5,184 billion cubic feet of natural gas. The company's operational focus on multiple U.S. states provides a diversified asset base, which can mitigate risks associated with regional market fluctuations. Additionally, the ongoing rental income from oilfield equipment and commercial real estate leasing adds a layer of financial stability. However, Spindletop's profit margin of -38.8% indicates challenges in cost management and operational efficiency. Investors should closely monitor the company's ability to enhance its profit margins and manage its debt levels in the context of the volatile energy market. The company's small market capitalization of $25.5M may limit its access to capital, making it crucial for Spindletop to secure funding for future growth initiatives.
Based on FMP financials and quantitative analysis
SPND Key Highlights
Market capitalization of $25.5M reflects a small but focused player in the energy sector.
- Net proved reserves of 186,690 barrels of crude oil and 5,184 billion cubic feet of natural gas as of December 31, 2021.
- Gross margin of 41.6% indicates a relatively healthy profitability in its core operations.
- The company operates approximately 76,785 gross acres under lease across several U.S. states.
- Engages in ancillary revenue streams through rental of oilfield equipment and commercial real estate leasing.
Who Are SPND's Competitors?
SPND is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| XOM Exxon Mobil Corporation | $166.32 | +0.94% | $689B | 70 |
| CVX Chevron Corporation | $205.82 | +0.03% | $410B | 69 |
| COP ConocoPhillips | $130.58 | +0.66% | $159B | 84 |
| MXC Mexco Energy Corporation | $9.87 | +8.34% | $20.2M | 72 |
| VOC VOC Energy Trust | $3.36 | -0.59% | $57.1M | 59 |
| CRT Cross Timbers Royalty Trust | $10.50 | -0.38% | $63.0M | 69 |
| NRT North European Oil Royalty Trust | $8.66 | -0.80% | $79.6M | 87 |
| CSTPF Arrow Exploration Corp. | $0.38 | -0.30% | $108M | 59 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are SPND's Key Strengths?
Diverse asset base across multiple U.S. states.
- Established operational history since 1985.
- Ability to generate ancillary revenue through equipment rental.
What Are SPND's Weaknesses?
Small market capitalization limits access to capital.
- Negative profit margin indicates operational challenges.
- Limited scale compared to larger competitors.
What Could Drive SPND Stock Higher?
Potential expansion into new geographical markets to enhance asset base.
- Implementation of advanced extraction technologies to improve production efficiency.
- Strategic partnerships with larger energy firms to share resources and expertise.
- Increased focus on diversifying revenue streams through ancillary services.
- Active participation in acquiring undervalued oil and gas properties.
What Are the Key Risks for SPND?
Negative return on equity (-11.5%) — the business is not currently generating profit on shareholder capital.
- Fluctuations in oil and gas prices could significantly affect revenue.
- Regulatory challenges may impact operational capabilities.
- Competition from larger companies could limit market share.
- Limited access to capital may hinder growth opportunities.
What Are the Growth Opportunities for SPND?
- Expansion into New Markets: Spindletop Oil & Gas Co. has the potential to expand its operations into new geographical markets, particularly in regions with emerging oil and gas reserves. With the global oil market projected to grow by 3% annually over the next five years, entering new states could significantly enhance the company's asset base and revenue streams. This strategic move could leverage existing expertise in resource acquisition and development.
- Increased Production Efficiency: The company can invest in advanced extraction technologies to improve production efficiency and reduce operational costs. By implementing innovative drilling techniques and optimizing existing operations, Spindletop could enhance its profit margins. The average increase in production efficiency in the industry is estimated at 10% annually, which could substantially benefit Spindletop's bottom line.
- Strategic Partnerships: Forming strategic alliances with larger energy firms could provide Spindletop with access to capital, technology, and expertise. Such partnerships could facilitate joint ventures in exploration and production, allowing Spindletop to share risks while expanding its operational footprint. The trend of collaboration within the industry is increasing, with many smaller firms partnering with larger entities for mutual benefit.
- Diversification of Revenue Streams: Spindletop's current income from oilfield equipment rental and commercial real estate leasing presents an opportunity for diversification. By enhancing these ancillary services, the company could stabilize its revenue base against the volatility of oil prices. The commercial real estate sector is expected to grow by 5% annually, providing a solid foundation for increased revenue.
- Acquisition of Undervalued Assets: The current market conditions may present opportunities for Spindletop to acquire undervalued oil and gas properties. The company could leverage its expertise in identifying promising assets for development, potentially leading to significant returns. The market for acquisitions in the oil and gas sector is expected to remain active, driven by the need for consolidation among smaller players.
What Threats Does SPND Face?
- Volatility in oil and gas prices affecting revenue.
- Increased regulatory scrutiny in the energy sector.
- Competition from larger, more established companies.
What Are SPND's Competitive Advantages?
- Established presence in multiple U.S. states enhances market reach.
- Diverse revenue streams reduce dependency on oil prices.
- Expertise in resource acquisition and development provides competitive advantage.
- Ownership of pipeline infrastructure supports operational efficiency.
- Ability to identify and acquire undervalued assets in the market.
What Does SPND Do?
Founded in 1985, Spindletop Oil & Gas Co. is an independent enterprise headquartered in Dallas, Texas, primarily engaged in the upstream segment of the oil and natural gas industry. The company specializes in the identification, acquisition, development, and extraction of crude oil and natural gas resources across several states, including Alabama, Arkansas, Louisiana, Oklahoma, New Mexico, and Texas. Spindletop's operations encompass approximately 76,785 gross acres under lease, reflecting its extensive footprint in the U.S. energy sector. As of December 31, 2021, the company reported net proved reserves of 186,690 barrels of crude oil and condensate, alongside 5,184 billion cubic feet of natural gas. In addition to its core energy operations, Spindletop generates revenue through the rental of oilfield equipment and commercial real estate leasing. Furthermore, it owns and operates a pipeline system in Texas, facilitating the collection and transportation of natural gas produced by both the company and third-party entities. Spindletop's distribution network includes various purchasers such as energy companies, brokers, pipeline operators, and distributors. The company's strategy also involves the buying and selling of oil and natural gas properties, allowing it to acquire assets for future resale to development firms.
What Products and Services Does SPND Offer?
- Identify and acquire crude oil and natural gas resources.
- Develop and extract oil and gas from various U.S. states.
- Manage approximately 76,785 gross acres under lease.
- Generate income through the rental of oilfield equipment.
- Engage in commercial real estate leasing.
- Operate a pipeline system for natural gas transportation.
How Does SPND Make Money?
- Revenue generated from the sale of crude oil and natural gas.
- Income from leasing oilfield equipment to other companies.
- Leasing commercial real estate properties.
- Transportation of natural gas through owned pipelines.
- Buying and selling oil and gas properties for profit.
What Industry Does SPND Operate In?
The oil and gas exploration and production industry is characterized by significant volatility, driven by fluctuating commodity prices and geopolitical factors. As of 2026, the global oil market is projected to grow steadily, with an increasing demand for energy as economies recover post-pandemic. Smaller independent producers like Spindletop Oil & Gas Co. may benefit from rising prices and increased exploration activities. However, these companies often face challenges in capital access and operational scale compared to larger competitors. The competitive landscape includes various players focusing on cost efficiency and technological advancements to enhance extraction processes.
Who Are SPND's Key Customers?
- Energy companies purchasing crude oil and natural gas.
- Brokers and distributors in the energy sector.
- Pipeline operators requiring transportation services.
- Third-party entities producing natural gas.
- Real estate tenants leasing commercial properties.
Spindletop Oil & Gas Co. Financial Trajectory
Spindletop Oil & Gas Co. (SPND) reported $1.9M in revenue for Q2 2026, reflecting 47.2% growth compared to the prior quarter. The company recorded net income of $747K, with diluted EPS of $0.11. Revenue has increased across the last three reported quarters, suggesting sustained momentum for this micro-cap Energy company. Across the four most recent quarters, SPND averaged $-0.03 in diluted EPS.
Company Profile
Spindletop Oil & Gas Co. operates in the Oil & Gas Exploration & Production industry within the Energy sector. It is headquartered in Dallas, US. The company is led by CEO Chris G. Mazzini. SPND has traded publicly since 1999.
How Spindletop Oil & Gas Co. Is Valued
Spindletop Oil & Gas Co. carries a market capitalization of $25.5M, placing it in the micro-cap category. Relative to its peer group, SPND's quantitative score of 47/100 is below the peer average of 71/100.
Key Financial Metrics
Return on equity for Spindletop Oil & Gas Co. stands at -11.5%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -6.4%, showing how much profit it generates from its asset base. Its free cash flow yield is -1.2%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.15 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is -7.7%, the inverse of the P/E and a quick read on earnings relative to price.
Financial Health
Spindletop Oil & Gas Co.'s Piotroski F-Score is 4/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 2.08 places it in the grey zone, a middle ground that warrants monitoring.
SPND Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying indicates confidence in Spindletop's future prospects, suggesting that leadership believes in the company's growth potential.
- Community sentiment has shifted positively, with discussions highlighting the company's strategic acquisitions and their impact on future production capabilities.
- The oil and gas sector is experiencing a rebound, and Spindletop's positioning may capitalize on rising demand and prices in the market.
- Positive developments in renewable energy integration within their operations have garnered favorable attention from environmentally-conscious investors.
Bear Case
- Concerns over fluctuating oil prices and geopolitical tensions may lead to uncertainty in revenue projections for Spindletop.
- Recent bearish sentiment in online forums reflects skepticism about the company's ability to sustain growth amid industry volatility.
- Some analysts are wary of Spindletop's debt levels, which could pose risks if cash flows do not improve as expected.
- The competitive landscape in the oil and gas sector remains challenging, with larger players dominating market share, raising questions about Spindletop's long-term viability.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q2 2026 | $2M | $747,000 | $0.11 |
| Q1 2026 | $1M | $258,000 | $0.04 |
| Q4 2025 | $1M | -$2M | -$0.32 |
| Q3 2025 | $958,000 | $209,000 | $0.03 |
Based on FMP financials and quantitative analysis
SPND Latest News
No recent news available for SPND.
SPND Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for SPND.
Price Targets
Wall Street price target analysis for SPND.
SPND MoonshotScore
What does this score mean?
The MoonshotScore rates SPND 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
Leadership: Chris G. Mazzini
CEO
Chris G. Mazzini has led Spindletop Oil & Gas Co. since its inception in 1985. With a background in petroleum engineering and business management, he has extensive experience in the oil and gas industry. Mazzini has been instrumental in guiding the company's strategic direction and operational growth, leveraging his expertise to navigate the complexities of the energy market.
Track Record: Under Mazzini's leadership, Spindletop has successfully expanded its asset base and diversified its revenue streams. His strategic focus on resource acquisition and development has positioned the company for growth in a competitive landscape.
SPND OTC Market Information
The OTC Other tier represents companies that trade on the over-the-counter market but do not meet the stringent requirements of the NYSE or NASDAQ. This tier includes smaller companies that may have less liquidity and higher volatility, making them more susceptible to market fluctuations.
- OTC Tier: OTC Other
- High volatility associated with OTC trading.
- Limited financial disclosures may obscure true company performance.
- Potential for lower investor interest and liquidity issues.
- Verify the company's financial health through available reports.
- Assess the management team's experience in the industry.
- Evaluate the company's asset base and reserve levels.
- Research market conditions affecting oil and gas prices.
- Understand the regulatory environment impacting operations.
- Established operational history since 1985.
- Diverse asset holdings across multiple states.
- Revenue generation from multiple sources, including rentals.
Spindletop Oil & Gas Co. Energy Stock: Key Questions Answered
What does the AI Score mean for SPND?
SPND holds an AI Score of 47/100 (Grade: C). This is an educational research signal, not a buy or sell recommendation. Spindletop Oil & Gas Co. (SPND) is an independent oil and gas exploration and production company based in Dallas, Texas. Founded in 1985, it focuses on the acquisition and development of crude oil …
What does Spindletop Oil & Gas Co. do?
Spindletop Oil & Gas Co. is an independent oil and gas exploration and production company that focuses on the acquisition and development of crude oil and natural gas resources across several U.S. states. It operates approximately 76,785 gross acres under lease and generates income through the sale of oil and gas, as well as ancillary services such as equipment rental and commercial real estate leasing.
What are the main risks for SPND?
Spindletop Oil & Gas Co. faces several risks, including fluctuations in oil and gas prices, which could significantly impact revenue. Additionally, ongoing regulatory challenges may affect its operational capabilities, while competition from larger companies could limit market share. The company's limited access to capital may also hinder its ability to pursue growth opportunities.
How does Spindletop Oil & Gas Co.'s reserve base compare to peers?
Spindletop Oil & Gas Co. has net proved reserves of 186,690 barrels of crude oil and 5,184 billion cubic feet of natural gas. While these figures reflect a solid reserve base, they are relatively modest compared to larger competitors in the industry, who typically possess significantly higher reserves. This positions Spindletop as a smaller player within a competitive landscape dominated by major oil and gas companies.
What are the key factors to evaluate for SPND?
Spindletop Oil & Gas Co. (SPND) holds an AI score of 47/100 (low). presents a unique position within the oil and gas sector, characterized by its substantial net proved reserves of 186,690 barrels of crude oil and 5,184 billion cubic feet of natural gas. Not financial advice.
How frequently does SPND data refresh on this page?
SPND's price was last updated on Aug 21, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven SPND's recent stock price performance?
Spindletop Oil & Gas Co. (SPND) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Diverse asset base across multiple U.S. states. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider SPND overvalued or undervalued right now?
Spindletop Oil & Gas Co. (SPND) has no trailing P/E available here, so lean on price-to-sales and cash flow in the Financials tab. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
How do I research SPND before investing?
Before investing in Spindletop Oil & Gas Co. (SPND), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) analyst consensus ratings and price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Limited financial disclosures and market data may affect the reliability of some metrics.