Spindletop Oil & Gas Co ( (SPND) ) has released a notification of late filing.
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Spindletop Oil & Gas Co. has announced a delay in filing its Form 10-K (Yearly Report) for the financial period ending September 30, 2025. The delay is primarily due to the late receipt of necessary information from oil and gas purchasers and third-party operators. The company expects to file the report within 15 calendar days following the original due date. Financially, Spindletop anticipates a significant increase in net income for the nine-month period ending September 30, 2025, with an expected net income of approximately $290,000 compared to $84,000 in the same period of 2024. Total revenues are projected to rise by $75,000, while expenses are expected to decrease by $25,000. The company is committed to ensuring compliance and has taken steps to address the delay, as indicated by the signature of Chris G. Mazzini, President and Principal Executive Officer.
More about Spindletop Oil & Gas Co
Average Trading Volume: 580
Technical Sentiment Signal: Buy
Current Market Cap: $20.82M
See more data about SPND stock on TipRanks’ Stock Analysis page.