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SandRidge EnergyC
NYSE / Energy
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2026-06-11
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2026-05-14
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Earnings documents stored for SD.

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Investor releaseQuarter not tagged2026-05-14

Solid Earnings May Not Tell The Whole Story For SandRidge Energy (NYSE:SD)

Simply Wall St.

SandRidge Energy, Inc.'s (NYSE:SD) healthy profit numbers didn't contain any surprises for investors. We believe that shareholders have noticed some concerning factors beyond the statutory profit numbers. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. SandRidge Energy reported a tax benefit of US$5.5m, which is well worth noting. It's always a bit noteworthy when a company is paid by the tax man, rather than paying the tax man. Of course, prima facie it's great to receive a tax benefit. However, the devil in the detail is that these kind of benefits only impact in the year they are booked, and are often one-off in nature. Assuming the tax benefit is not repeated every year, we could see its profitability drop noticeably, all else being equal. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. As we have already discussed SandRidge Energy reported that it received a tax benefit, rather than paying tax, in the last year. As a result we don't think its profit result, which includes that tax-boost, is a good guide to its sustainable profit levels. Because of this, we think that it may be that SandRidge Energy's statutory profits are better than its underlying earnings power. But at least holders can take some solace from the 18% EPS growth in the last year. At the end of the day, it's essential to consider more than just the factors above, if you want to understand the company properly. Keep in mind, when it comes to analysing a stock it's worth noting the risks involved. While conducting our analysis, we found that SandRidge Energy has 1 warning sign and it would be unwise to ignore it. This note has only looked at a single factor that sheds light on the nature of SandRidge Energy's profit. But there are plenty of other ways to inform your opinion of a company. Some people consider a high return on equity to be a good sign of a quality business. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks with high insider ownership. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This a...

Investor releaseQuarter not tagged2026-05-11

SD Q1 Earnings Rise Y/Y on Higher Oil Output, Revenue Growth

Zacks

Shares of SandRidge Energy, Inc. SD have declined 6.8% since reporting first-quarter 2026 results against the S&P 500 index’s 2% return. Over the past month, the stock has fallen 6.7%, underperforming the S&P 500’s 8.6% rise. SandRidge reported first-quarter 2026 net income of $18.7 million, or 51 cents per basic share, compared with $13 million, or 35 cents per basic share, in the year-ago quarter. Adjusted net income rose to $21.6 million from $14.5 million a year earlier, while adjusted earnings per share increased to 59 cents from 39 cents. Total revenues climbed 17% year over year to $49.8 million, supported by stronger commodity prices and production growth from the company’s Cherokee development program. Oil production increased 31% from the prior-year quarter, while total production rose 4% to 18.6 MBoe per day. SandRidge Energy, Inc. price-consensus-eps-surprise-chart | SandRidge Energy, Inc. Quote SandRidge continued advancing its one-rig Cherokee drilling program during the quarter, successfully drilling two wells and completing three. Management noted that the third completed well had only limited production contribution during the reporting period. The company also achieved its lowest drilling costs to date for the program in April. The production mix shifted toward higher-value oil volumes, with oil accounting for 21% of the total production compared with 17% in the prior-year period. Natural gas represented 50% of production, while NGLs accounted for 29%. The increase in oil volumes contributed to oil making up 50% of the total revenues during the quarter, up from 44% a year earlier. Realized oil prices improved modestly to $71.11 per barrel from $69.88, while realized natural gas prices rose sharply to $3.13 per Mcf from $2.69. Lease operating expenses declined to $6.45 per Boe from $6.79 per Boe in the prior-year quarter, reflecting operational efficiencies and higher production volumes. Adjusted G&A expenses fell to $1.42 per Boe from $1.83 per Boe last year, underscoring management’s emphasis on cost discipline. Chief executive officer Grayson Pranin described the quarter as another strong operational period, highlighting new well contributions, continued low overhead costs and the company’s safety performance, which has now exceeded four years without a recordable safety incident. Management said the first-quarter performance benefited fr...

Investor releaseQuarter not tagged2026-05-08

SandRidge (SD) Q1 2026 Earnings Call Transcript

Motley Fool

Image source: The Motley Fool. May 7, 2026, 2 p.m. ET Chief Executive Officer — Grayson R. Pranin Chairman of the Board — Jonathan Frates Senior Vice President of Operations — Dean Parrish Chief Financial Officer — Brandon L. Brown Need a quote from a Motley Fool analyst? Email [email protected] Grayson R. Pranin: Thank you, and good afternoon. I am pleased to report on a strong quarter for the company. Production averaged 18.6 MBOE per day during the first quarter, an increase of 4% on a BOE basis versus the same period in 2025. Oil production increased 31%, and total revenues increased 17% during the quarter versus the same period in 2025, driven primarily by new production from our operated development program. Before getting into this and other highlights, I will turn things over to Jonathan for details on financial results. Jonathan Frates: Compared to 2025, the company saw increases in the market price of both oil and natural gas. We grew production by 4% year-over-year and generated revenues of approximately $50 million, which represents an increase of 26% compared to last quarter and 17% compared to the same period last year. Adjusted EBITDA was $33.7 million in the quarter compared to $25.5 million in 2025. We continue to manage the business with a focus on maximizing long-term cash flow while growing production and utilizing our NOLs to shield us from federal income taxes. At the end of the quarter, cash, including restricted cash, was approximately $104 million, which represents over $2.80 per common share outstanding. Cash was down compared to the prior quarter due to an increase in noncash working capital, primarily related to the timing of payables versus receivables from our one-rig drilling program. Working capital, as represented by current assets less current liabilities, was up by $3.7 million compared to the prior quarter. The company paid $4.4 million in dividends during the quarter, which includes $600 thousand of dividends to be paid in shares under our dividend reinvestment plan. On May 5, 2026, the Board of Directors increased the regular-way dividend by 8%, declaring a $0.13 dividend as well as a one-time special dividend of $0.20 per share, both of which are payable on June 1 to shareholders of record on May 20, 2026. Shareholders may elect to receive cash or additional shares of common stock through the company's dividend reinvestment p...

Investor releaseQuarter not tagged2026-05-07

SANDRIDGE ENERGY, INC. ANNOUNCES FINANCIAL AND OPERATING RESULTS FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2026, AN 8% INCREASE TO ITS ON-GOING QUARTERLY DIVIDEND TO $0.13 PER SHARE, AND A ONE-TIME DIVIDEND OF $0.20 PER SHARE

PR Newswire

OKLAHOMA CITY, May 6, 2026 /PRNewswire/ -- SandRidge Energy, Inc. (the "Company" or "SandRidge") (NYSE: SD) today announced financial and operational results for the three-month period ended March 31, 2026. Recent Highlights On May 5, 2026, the Board increased its on-going quarterly dividend program by 8% to $0.13 per share. In addition, the Board declared a one-time dividend of $0.20 per share. Both dividends are payable on June 1, 2026 to stockholders of record on May 20, 2026. Stockholders can elect to receive the dividends in cash or additional shares of common stock by enrolling in the Company's previously announced Dividend Reinvestment Plan As of March 31, 2026, the Company had $104.1 million of cash and cash equivalents, including restricted cash Production averaged 18.6 MBoe per day during the first quarter, an increase of 4% on a Boe basis versus the same period in 2025. Oil production increased 31% and total revenues increased 17% during the quarter versus the same period in 2025, driven primarily by new production from our operated development program During the quarter, the Company successfully drilled two and completed three wells as part of its ongoing one-rig Cherokee development program. In April, the third well drilled in 2026 achieved the lowest cost to date for the program First quarter net income of $18.7 million, or $0.51 per basic share. Adjusted net income(1) of $21.6 million or $0.59 per basic share Adjusted EBITDA(1) of $33.7 million for the three-month period ended March 31, 2026 Adjusted G&A(1) of $2.4 million, or $1.42 per Boe for the three-month period ended March 31, 2026 Grayson Pranin, SandRidge's President, Chief Executive Officer & Director, commented on the quarter: "The SandRidge team delivered another strong quarter, to include bringing on two new operated wells which benefited oil production during the period. I'm proud of our team that continues to execute, while maintaining a low G&A burden, and more importantly, continues to build upon the Company's record of more than four years without a recordable safety incident." Oil production for the first quarter benefited from three new wells during the period, which contributed to increases of approximately 31% and 7% relative to the same period last year and the prior quarter, respectively. First quarter Boe production increased by approximately 4% versus the same period i...

Investor releaseQuarter not tagged2026-05-07

SandRidge Energy, Inc. Q1 2026 Earnings Call Summary

Moby

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Production growth of 4% year-over-year was primarily driven by the company's operated development program, which fueled a 31% increase in oil production. Revenue benefited from a strategic shift to ethane rejection by a major purchaser in early Q1, allowing the company to sell more ethane as natural gas at higher relative prices and BTU factors. Management attributes its peer-leading G&A efficiency to a 'fit for purpose' model that outsources perfunctory functions like IT and HR while retaining core technical expertise. The company's extensive owned infrastructure, including 1,000 miles of SWD and electric lines, de-risks legacy well profitability at prices as low as $40 WTI and $2 Henry Hub. Operational execution in the Cherokee play reached a new milestone with the tenth well in the program being the fastest and lowest-cost to date due to team-driven technical efficiencies. Strategic positioning is anchored by a 'negative net leverage' balance sheet and approximately $1.5 billion in federal NOLs, which shield the company from federal income taxes. The 2026 capital program assumes a one-rig Cherokee development plan to drill 10 wells and complete eight, with two completions carrying over into the following year. Management plans to monitor the performance of a newly tested Red Fork formation well before committing to further development in that specific target area. Capital allocation will prioritize a regular-way dividend, with the board recently increasing the payout by 8% alongside a one-time special dividend of $0.20 per share. The company is maintaining a meaningful portion of production unhedged to participate in current high market prices while securing cash flows for the drilling program through swaps and collars. Future M&A strategy focuses on value-accretive opportunities that can leverage the company's significant NOL position or provide operational synergies in the Mid-Continent. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Winter Storm Fern caused increased production deferment in January, though management noted the impact was mitigated by field team response. The company expects continued inflationary pressure on diesel fuel through su...

TranscriptFY2026 Q12026-05-07

FY2026 Q1 earnings call transcript

Earnings source - 27 paragraphs
Operator

Hello, everyone. Thank you for joining us, and welcome to the SandRidge Energy 1st quarter 2026 conference call. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please press star 1 to raise your hand. To withdraw your question, press star 1 again. I will now hand the conference over to Scott Prestridge, Senior Vice President of Finance and Strategy. Scott, please go ahead.

Scott Prestridge

Thank you, welcome everyone. With me today are Grayson Pranin, our CEO, Jonathan Frates, our CFO, Brandon Brown, our CAO, as well as Dean Parrish, our COO. We would like to remind you that today's call contains forward-looking statements and assumptions, which are subject to risk and uncertainty, and actual results may differ materially from those projected in these forward-looking statements. These statements are not guarantees of future performance, and our actual results may differ materially due to known and unknown risks and uncertainties as discussed in greater detail in our earnings release and our SEC filings. We may also refer to adjusted EBITDA and adjusted G&A and other non-GAAP financial measures. Reconciliations of these measures can be found on our website. With that, I'll turn the call over to Grayson.

Grayson Pranin

Thank you, and good afternoon. I'm pleased to report on a strong quarter for the company. Production averaged 18.6 Mboe per day during the first quarter, an increase of 4% on a BOE basis versus the same period in 2025. Oil production increased 31%, and total revenues increased 17% during the quarter versus the same period in 2025, driven primarily by new production from our operated development program. Before getting into this and other highlights, I'll turn things over to Jonathan Frates for details on financial results.

Jonathan Frates

Compared to the fourth quarter of 2025, the company saw increases in the market price of both oil and natural gas. We grew production by 4% year-over-year and generated revenues of approximately $50 million, which represents an increase of 26% compared to last quarter and 17% compared to the same period last year. Adjusted EBITDA was $33.7 million in the quarter compared to $25.5 million in the first quarter of 2025. We continue to manage the business with a focus on maximizing long-term cash flow while growing production and utilizing our NOLs to shield us from federal income taxes. At the end of the quarter, cash, including restricted cash, was approximately $104 million, which represents over $2.80 per common share outstanding.

Jonathan Frates

Cash was down compared to the prior quarter due to an increase in non-cash working capital, primarily related to the timing of payables versus receivables from our one-rig drilling program. Working capital, as represented by current assets less current liabilities, was up by $3.7 million compared to the prior quarter. The company paid $4.4 million in dividends during the quarter, which includes $0.6 million worth of dividends to be paid in shares under our dividend reinvestment plan. On May 5th, 2026, the board of directors increased the regular cash dividend by 8%, declaring a $0.13 dividend as well as a one-time special dividend of $0.20 per share, both of which are payable on June 1st to shareholders of record on May 20th, 2026.

Jonathan Frates

Shareholders may elect to receive cash or additional shares of common stock through the company's dividend reinvestment plan. Following these dividends, SandRidge will have paid $5.05 per share in regular and special dividends since the beginning of 2023. Commodity price realizations for the quarter before considering the impact of hedges were $71.11 per barrel of oil, $3.13 per Mcf of gas, and $18.64 per barrel of NGLs. This compares to the fourth quarter 2025 realizations of $57.56 per barrel of oil, $2.20 per Mcf of gas, and $14.92 per barrel of NGLs.

Jonathan Frates

Our commitment to cost discipline continues to yield results with adjusted G&A for the quarter of approximately $2.4 million or $1.42 per BOE compared to $2.9 million or $1.83 per BOE in the first quarter of 2025. Net income was $18.7 million for the quarter or $0.50 per diluted share. Adjusted net income was $21.6 million or $0.58 per diluted share. This compares to $13 million or $0.35 per diluted share to $14.5 million or $0.39 per diluted share, respectively, during the same period last year.

Jonathan Frates

The company generated cash flow from operations of $19.8 million during the quarter compared to $20.3 million during the same period last year, and adjusted operating cash flow of $34.4 million during the quarter compared to $26.3 million in the same period of 2025. Lastly, our production is hedged with a combination of swaps and collars representing just under 30% of the midpoint of our 2026 guidance.

Jonathan Frates

This includes approximately 37% of natural gas production and 43% of oil. These hedges will help secure a portion of our cash flows and support our drilling program through the year. We continue to monitor prices and take advantage of favorable opportunities, but plan to maintain meaningful upside throughout the remainder of the year. Before shifting to our outlook, you should note that our earnings release in 10-Q will provide further details on our financial and operational performance during the quarter. Now I will turn it over to Dean for an update on operations.

Dean Parrish

Thank you, Jonathan. Let's start with a review of the first quarter and discuss recent drilling and completion results. Total capital spend for the quarter, excluding A&D, was $19.9 million, which is better than expectations for the quarter, mostly due to drill schedule adjustments. A rigorous bidding process focused on driving drilling and completion costs down in the Cherokee Group and longer artificial lift runtimes from previous years of improvements kept us on budget. We have been securing critical well components needed for the remainder of the year to minimize any supply or inflationary pressures that may affect our capital program. Lease operating expenses for the quarter were $10.8 million, or $6.45 per BOE, which falls right in line with expectations.

Dean Parrish

We are also securing the needed equipment and services that will be critical for production operations in 2026, similar to the capital program. We expect to continue to see pressure on diesel fuel through fuel surcharges passed on through service providers that have strict internal protocol to reduce surcharges when diesel prices begin to decrease. During the quarter, the company successfully completed three and brought two wells online from our operated 1-rig Cherokee drilling program. We recently brought online the ninth well in our program and are drilling the 11th while the 10th well awaits final completion. Our operations team continues to execute with the 10th well that was just drilled being the fastest, lowest cost to date, driven by the team's focus and ingenuity to reduce costs.

Dean Parrish

It's early, but we are seeing some incremental efficiencies on our 11th well drilling now, and we'll have more to share next quarter. Moving to our 2026 capital program. We plan to drill 10 operated Cherokee wells with 1 rig this year and complete 8 wells. The remaining 2 completions are anticipated to carry over to next year. A majority of the remaining wells in our development program this year directly offset proven or in-progress wells in the area, and we continue to monitor offsetting results. Gross well costs vary by depth but are estimated to be between approximately $9 million-$11 million.

Dean Parrish

We intend to spend between $76 million and $97 million in our 2026 capital program, which is made up of $62 million to $80 million in drilling and completions activity and between $14 million and $17 million in capital workovers, production optimization, and selective leasing in the Cherokee Play. Our high-graded leasing is focused on further bolstering our interest, consolidating our position, and extending development into future years. With that, I will turn things back over to Grayson

Grayson Pranin

Thank you, Dean Parrish. Let us start with commodity prices. Start of the year with strong natural gas prices, which benefited January and February revenues. During this period, our largest natural gas purchaser elected to move to ethane rejection. This means that more ethane is sold as natural gas unless it's separated as NGLs. This typically results in less barrels of equivalent in volume, which impacted both our NGL and overall BOE volumes for the quarter. It benefited natural gas volumes and revenue as the gas is sold at relatively higher prices with increases to the BTU factor. This had a positive effect on revenue due to the dynamics of high natural gas and lower relative ethane prices during the period. However, natural gas prices have since declined, and with it, the spread between natural gas prices and ethane.

Grayson Pranin

Our largest natural gas purchaser returned to ethane recovery in March and plans to maintain recovery until there is further benefit otherwise. While natural gas prices increased during January, we did experience increased production deferment during Winter Storm Finn, which negatively impacted volumes. Despite this challenge, our team did an amazing job operating through the extreme cold weather and minimizing downtime as much as possible, and most importantly, doing so safely. Now shifting to oil. The year began with oil prices in the mid to upper $50 range, which changed dramatically over the quarter. Despite seeing spot rates reach up to the triple-digit levels recently, WTI averaged $72.74 per barrel in Q1 because the shift occurred in late February and early March.

Grayson Pranin

For the same reason, the increase in WTI prices only partially benefited our revenues during the quarter since higher oil prices occurred in the back half of the quarter. Thus far, oil prices have remained high in the second quarter and could benefit revenues further. Our commodity prices are driven by market dynamics outside of our control. We have used our favored position and come into the year with minimal hedges to take advantage of the increases year to date. The details of which can be found in an earnings release in 10-Q to be filed later today. Combined with our prior hedges, we have hedged a meaningful portion of our PDP volumes for the remainder of the year, which allows us to secure a portion of our cash flows at prices that are materially above where we started the year and where we budgeted.

Grayson Pranin

The remainder of our PDP oil volumes and all of the volumes from our current drilling program will participate at the market with exposure to current high prices. We have endeavored to balance securing cash flows while maintaining an appropriate level of exposure to commodity upside. That said, there's been a lot of volatility in WTI pricing over the last few weeks and much speculation over futures with the forward curve remaining in steep backwardation. While we are content with the current level of hedging this year, we will continue to monitor geopolitical events and future pricing for further adjustments with specific focus on longer-term periods. Now, let's pivot over to our development program. As Dean Parrish discussed, we had first production on two wells this past quarter. One well targeted the Cherokee Group in our core area, consistent with wells last year.

Grayson Pranin

These wells had an average peak 30-day production of approximately 2,000 BOE per day, made up of 45% oil, including the newest 7th well. The other well turned in line this quarter tested the Red Fork formation, a sandstone in the lower Cherokee Group. This was an initial well in a new area for us that offset and delineated a very productive well filled by a reputable operator. This well allows us to better establish performance expectations in a new target in a new area. Leasing costs have been very attractive. Currently, we do not have any Red Fork wells planned for the rest of the year. We plan to monitor the performance of this well, industry and offsetting activity, which has increased over the past year, as well as commodity prices and other factors while evaluating the go-forward plan in the new area.

Grayson Pranin

Given the tailwind of WTI prices and the enhancement to returns, we plan to continue our Cherokee development with one rig and further grow oily production. While the program is attractive in a range of commodity environments, our team will continue to be diligent about prioritizing full-cycle returns, monitoring reasonable reinvestment rates, and when needed, exercise drill schedule flexibility to make prudent adjustments to our development plans in different economic environments. We do not have any significant near-term leasehold expirations and have the flexibility to defer these projects if needed for a period of time. I'm very pleased with our team for their continued focus on safety, execution, and cost focus in the development and production optimization programs. They have truly championed safety, resulting in the continuation of a record of more than four years without a reportable safety incident.

Grayson Pranin

They continue to operate at a high level with a lean but very engaged and experienced staff with peer-leading operating and administrative cost efficiencies. I'd like to pause here to highlight the optionality we have across our asset base, coupled with the strength of our balance sheet, which sets us up to leverage commodity price cycles. The combination of our oil-weighted Cherokee and gas-weighted legacy assets, as well as a robust net cash position, give us multifaceted options to maneuver and take advantage of different commodity cycles. Put simply, we have a strong balance sheet and a versatile kit bag, which makes the company more resilient and better poised to maneuver and adjust no matter the commodity environment. I will now revisit the company's advantages.

Grayson Pranin

Our asset base is focused in the Mid-Continent region with a PDP well set that provides meaningful cash flow, which does not require any routine flaring of produced gas. These well-understood assets are almost fully held by production with a long history, shallowing, and diversified production profile and double-digit reserve life. Our incumbent assets include more than 1,000 miles each of owned and operated SWD and electric infrastructure over our footprint. This substantial owned and integrated infrastructure helps de-risk individual well profitability for a majority of our legacy producing wells down to roughly $40 WTI and $2 Henry Hub. Our assets continue to yield free cash flow. This cash generation potential provides several paths to increase shareholder value realization and is benefited by a low G&A burden.

Grayson Pranin

SandRidge's value proposition is materially de-risked from a financial perspective by our strengthened balance sheet, including negative net leverage, financial flexibility, and advantaged tax position. Further, the company is not subject to MVCs or other significant off-balance sheet financial commitments. We have bolstered our inventory to provide further organic growth opportunities and incremental oil diversification with low break evens in high-graded areas. Finally, it is worth highlighting that we take our ESG commitment seriously and have implemented disciplined processes around them. Not only do we continue to operate our existing assets extremely efficiently and execute on our Cherokee development in an effective manner, but we do so safely. Shifting the strategy, we remain committed to growing the value of our business in a safe, responsible, efficient manner while prudently allocating capital to high return growth projects.

Grayson Pranin

We will also evaluate merger and acquisition opportunities while maintaining financial discipline, consideration of our balance sheet, and commitment to our capital return program. This strategy has 5 points: 1, maximize the value of our incumbent MidCon PDP assets by extending and flattening our production profile with high rate of return production optimization projects as well as continuously pressing on operating and administrative costs. 2, exercise capital stewardship and invest in projects and opportunities that have high risk-adjusted, fully burdened rates of return while being mindful and prudently targeting reasonable reinvestment rates that sustain our cash flows and prioritize our regular weight dividend.

Grayson Pranin

3, maintain optionality to execute on value accretive merger and acquisition opportunities that could bring synergies, leverage the company's core competencies, complement its portfolio of assets, they utilize its approximately $1.5 billion of federal Net Operating Losses or otherwise yield attractive returns to its shareholders. 4, as we generate cash, we'll continue to work with our board to assess paths to maximize shareholder value to include investment in strategic opportunities, advancement of our return of capital program, and other uses. To this end, the board continues to focus on the company's return of capital to stockholders as a priority in capital allocation, and as a result, expanded its ongoing dividend program by 8% and declared a one-time dividend. The final staple is to uphold our ESG responsibility. Shifting to administrative expenses, I will turn things over to Brandon.

Brandon Brown

Thank you, Grayson. As we close out our prepared remarks, I will point out our first quarter adjusted G&A of $2.4 million, or $1.42 per BOE, continues to lead among our peers. The consistent efficiency of our organization reflects our core values to remain cost discipline and to be fit for purpose. We'll maintain our efficient and low-cost operation mindset and continue to balance the weighting of field versus corporate personnel to reflect where we create the most value. The outsourcing of necessary but more perfunctory functions, such as operations accounting, land administration, IT, tax, and HR, has allowed us to operate with total personnel of just over 100 people for the past several years while retaining key technical skill sets that have both the experience and institutional knowledge of our business.

Brandon Brown

In summary, at the end of the first quarter, the company had approximately $104 million in cash and cash equivalents, which represents over $2.80 per share of our common stock outstanding, an inventory of high rate of return, low break-even projects, low overhead, top-tier adjusted G&A, no debt, negative leverage, a flattening production profile, double-digit reserve life, and approximately $1.5 billion of federal NOLs. This concludes our prepared remarks. Thank you for joining us today. We will now open the call to questions.

Operator

We will now begin the question and answer session. If you would like to ask a question, please press star one on your telephone keypad. To withdraw your question, press star one again. Please pick up your handset when asking a question. If you are muted locally, please remember to unmute your device. Please stand by while we compile the Q&A roster. If you would like to ask a question, please press star one on your telephone keypad. To withdraw your question, press star one again. Please pick up your handset when asking a question. If you are muted locally, please remember to unmute your device

Investor releaseQuarter not tagged2026-05-05

SANDRIDGE ENERGY, INC. ANNOUNCES FIRST QUARTER 2026 OPERATIONAL AND FINANCIAL RESULTS RELEASE DATE AND CONFERENCE CALL INFORMATION

PR Newswire

OKLAHOMA CITY, May 5, 2026 /PRNewswire/ -- SandRidge Energy, Inc. (the "Company" or "SandRidge") (NYSE: SD) today announced plans to release first quarter 2026 operational and financial results after the close of trading on Wednesday, May 6, 2026. SandRidge will host a conference call on Thursday, May 7, 2026 at 1:00 p.m. Central Time to review first quarter 2026 financial results and operational highlights. The conference call can be accessed by registering online in advance at https://events.q4inc.com/analyst/747184225?pwd=pv6DLHLJ at which time registrants will receive dial-in information as well as a Meeting ID and Unique Passcode. At the time of the call, participants will dial in and use the Meeting ID and Unique Passcode provided upon registration. A live audio webcast of the conference call will also be available via the Company's website, investors.sandridgeenergy.com, under Presentation & Events. The webcast will be archived for replay on the Company's website for at least 30 days. About SandRidge Energy, Inc. SandRidge Energy, Inc. (NYSE: SD) is an independent oil and gas company engaged in the production, development, and acquisition of oil and gas properties. Its primary area of operation is the Mid-Continent region in Oklahoma, Texas, and Kansas. Further information can be found at sandridgeenergy.com. Contact Information Investor Relations SandRidge Energy, Inc. 1 E. Sheridan Ave. Suite 500 Oklahoma City, OK 73104 [email protected] View original content to download multimedia:https://www.prnewswire.com/news-releases/sandridge-energy-inc-announces-first-quarter-2026-operational-and-financial-results-release-date-and-conference-call-information-302762012.html

Investor releaseQuarter not tagged2026-03-07

SD Q4 Earnings Rise Y/Y on Higher Production & Strong Operations

Zacks

Shares of SandRidge Energy, Inc. SD have declined 1.3% since reporting results for the fourth quarter of 2025. This compares with the S&P 500 index’s 0.7% return over the same period. Over the past month, the stock has declined 11.3%, underperforming the broader market as the S&P 500 fell 1.7% during the same timeframe. SandRidge reported net income of $21.6 million, or 59 cents per share, for the fourth quarter of 2025, compared with net income of $17.6 million, or 47 cents per share, in the year-ago period. Adjusted net income came in at $12.5 million, or 34 cents per share, compared with $12.7 million, or 34 cents per share, in the fourth quarter of 2024. Oil, natural gas and natural gas liquids (NGL) revenues totaled $39.4 million in the quarter, about 1% higher than $39 million a year earlier. Production was 1.797 million barrels of oil equivalent (MBoe), up from 1.754 MBoe in the year-earlier quarter, reflecting modest output growth. SandRidge Energy, Inc. price-consensus-eps-surprise-chart | SandRidge Energy, Inc. Quote SandRidge continued to expand output during the period. Average daily production was 19.5 thousand barrels of oil equivalent per day (MBoe/d) in the fourth quarter compared with 19.1 MBoe/d a year earlier. Oil accounted for 18% of total production, natural gas represented 49%, and NGLs made up 33%. Realized commodity prices showed mixed trends. The realized oil price fell to $57.56 per barrel from $71.44 in the prior-year quarter, reflecting weaker crude prices. However, natural gas prices improved significantly to $2.20 per Mcf from $1.47 a year earlier. NGL prices declined to $14.92 per barrel from $18.19. As a result, the overall realized price per barrel of oil equivalent slipped slightly to $21.92 from $22.22 in the prior-year quarter. Despite softer oil prices, production gains helped support revenue growth. The company also generated a free cash flow of $14.4 million during the quarter compared with $13.2 million in the same period last year. Adjusted EBITDA totaled $25.5 million, increasing from $24.1 million in the year-ago quarter. Operating costs showed improvement in several areas. Lease operating expenses totaled $7.8 million in the fourth quarter, or $4.34 per Boe. For the full year, lease operating expenses were $36.2 million, or $5.35 per Boe. These figures declined from the previous year due to non-recurring adjustment...

Investor releaseQuarter not tagged2026-03-06

SandRidge Energy Inc (SD) Q4 2025 Earnings Call Highlights: Record Production and Revenue ...

GuruFocus.com

This article first appeared on GuruFocus. Release Date: March 05, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. SandRidge Energy Inc (NYSE:SD) reported a 12% increase in production on a BOE basis and a 32% increase in oil production compared to 2024. The company generated revenues of approximately $156 million for the year, a 25% increase compared to 2024. SandRidge Energy Inc (NYSE:SD) has no debt outstanding and continues to fund all capital expenditures and capital returns with cash flows from operations. The company paid $4.60 per share in dividends since the beginning of 2023, demonstrating a strong commitment to returning capital to shareholders. SandRidge Energy Inc (NYSE:SD) achieved a new record of over 4 years without a recordable safety incident, highlighting their commitment to safety. The company experienced lower WTI prices, which partially offset the higher natural gas prices. Commodity price realizations for the quarter were lower compared to the third quarter, with oil at $57.56 per barrel compared to $65.23. Free cash flow before acquisitions decreased to roughly $44 million compared to $48 million last year. The company faces uncertainties in production guidance due to potential timing shifts and working interest variations. Higher differentials than expected for NGLs in Q4 raised concerns about potential structural issues in pricing. Warning! GuruFocus has detected 8 Warning Sign with SD. Is SD fairly valued? Test your thesis with our free DCF calculator. Q: Your 2026 production guidance of 6.4 to 7.7 million BOE and CapEx of 76 to 97 million has a range. Could you provide more context on what scenarios might lead to the higher and lower ends of that guidance? A: Timing is a significant factor. We plan to drill 10 wells and complete 8, but shifts due to crew availability or weather could affect this. Additionally, working interests in wells, which are not yet finalized, could impact production and capital requirements. We budget conservatively, not accounting for all potential upsides. Q: How are you viewing the current supportive spot market relative to your hedging positions going forward? A: We are opportunistic with our hedging program. Without bank-mandated hedging requirements, we can be flexible. As prices rise, we have added options and will continue to layer in contracts...

Investor releaseQuarter not tagged2026-03-06

SandRidge Energy Q4 Earnings Call Highlights

MarketBeat

SandRidge’s operated Cherokee program drove production gains, with 2025 average production of 18.5 MBOE/d (a 12% BOE increase and 32% oil growth vs. 2024) and a Q4 multi‑year high of 19.5 MBOE/d, with initial wells averaging ~2,000 BOE/d peak 30‑day rates. Financially the company strengthened results — revenue rose ~25% to $156 million and full‑year adjusted EBITDA was $101 million — while ending the quarter with about $112 million in cash, no debt, and ongoing capital returns via dividends and share buybacks. For 2026 SandRidge plans 10 operated Cherokee wells (one rig), a capex range of $76–97 million and expects roughly 20% oil production growth, with ~23% of midpoint production hedged (37% gas, 27% oil) and flexibility in timing and upside assumptions. Interested in SandRidge Energy, Inc.? Here are five stocks we like better. 3 High-Value Companies With Triple-Digit Upside Potential SandRidge Energy (NYSE:SD) executives highlighted higher production, stronger annual revenue and continued capital returns to shareholders during the company’s fourth-quarter 2025 earnings call, while outlining a 2026 development plan centered on its operated Cherokee program and emphasizing balance sheet flexibility. CEO Grayson Pranin said the company delivered “a strong quarter and year,” with full-year 2025 production averaging 18.5 MBOE per day. That marked a 12% increase on a BOE basis and a 32% increase in oil versus 2024, aided by the company’s operated development program in the Cherokee Play. Fourth-quarter production averaged 19.5 MBOE per day, which Pranin described as a multi-year high. → Costco Wholesale: Buy Now, Get Paid Later as Cash and Returns Build 3 Stocks to Gain From the Rising Demand in Offshore Drilling COO Dean Parrish said average 2025 production came in 4% above the midpoint of guidance, driven by strong new-well performance in the Cherokee Play and work to optimize base production. He added that the company completed and brought online six wells from its operated one-rig Cherokee program during the year, recently brought wells seven and eight online, and is drilling the ninth well. Parrish said the first six operated wells delivered an average peak 30-day rate of about 2,000 BOE per day per well, comprised of 44% oil. → Amprius Stock Price Gets Amped by Hyper Growth Outlook Oil & Gas Producer Denbury Etching Cup-With-Handle Base CFO Jonathan Freit...

Investor releaseQuarter not tagged2026-03-05

SANDRIDGE ENERGY, INC. ANNOUNCES FINANCIAL AND OPERATING RESULTS FOR THE QUARTER AND YEAR ENDED DECEMBER 31, 2025, $0.12 PER SHARE CASH DIVIDEND, AND 2026 GUIDANCE

PR Newswire

OKLAHOMA CITY, March 4, 2026 /PRNewswire/ -- SandRidge Energy, Inc. (the "Company" or "SandRidge") (NYSE: SD) today announced financial and operational results for the quarter and fiscal year ended December 31, 2025. Recent Highlights On March 3, 2026, the Board declared a cash dividend of $0.12 per share of the Company's common stock, which stockholders can elect to receive in cash or additional shares of common stock by enrolling in the Company's previously announced Dividend Reinvestment Plan ("DRIP"), payable on March 31, 2026 to stockholders of record on March 20, 2026 In 2025, the Company paid $15.9 million, or $0.46 per share, in regular quarterly cash dividends and issued 0.1 million shares under the DRIP. The Company repurchased 0.6 million shares of common stock for $6.4 million with a weighted average price of $10.72, under our share repurchase program As of December 31, 2025, the Company had $112.3 million of cash and cash equivalents, including restricted cash Production averaged 18.5 MBoe per day during the full year, an increase of 12% on a Boe basis and 32% on oil versus 2024, driven by production from the Company's Cherokee acquisition and operated development program Successfully spud eight and completed six new wells during the year as part of the Company's ongoing one-rig Cherokee development program with an average per well peak 30-day initial production ("IP") rate of ~2,000 gross Boe/d (~44% oil) Generated net income of $21.6 million, or $0.59 per basic share during the fourth quarter of 2025. Adjusted net income(1) was $12.5 million, or $0.34 per basic share during the fourth quarter of 2025 (See table below for reconciliation of net income to adjusted net income) Generated adjusted EBITDA(1) of $101.1 million in 2025 Achieved a new Company record of more than four years without a recordable safety incident The Company's 2026 guidance reflects the continuation of its one-rig Cherokee development program and plan to drill ten and complete eight new SandRidge-operated wells during the year Grayson Pranin, SandRidge's President, Chief Executive Officer & Director, commented on 2025 results: "2025 was a strong year for SandRidge with the initiation of a new operated development program in the Cherokee, seeing production rates climb to a multi-year high at an average of 19.5 Boe/d in the fourth quarter of 2025 and setting a new safety reco...

Investor releaseQuarter not tagged2026-03-05

SandRidge Energy, Inc. Q4 2025 Earnings Call Summary

Moby

Full-year 2025 production grew 12% overall and 32% for oil, primarily driven by the successful launch of the operated Cherokee Play development program. Management attributes record production levels of 19.5 MBoe per day in Q4 to strong well results and a focus on optimizing base production assets. The company maintains a lean organizational structure, utilizing outsourced functions for non-core administrative tasks to achieve peer-leading G&A efficiency of $1.50 per Boe. Operational success is supported by a robust infrastructure footprint, including over 1,000 miles of owned SWD and electric lines, which de-risks legacy well profitability down to $40 WTI. Strategic positioning is defined by a debt-free balance sheet and $1.6 billion in federal NOLs, providing a tax-advantaged framework for capital reinvestment and M&A. Management emphasizes 'drill schedule flexibility,' noting that the lack of near-term leasehold expirations allows them to defer projects if commodity prices weaken. The 2026 capital program assumes a one-rig continuous drilling schedule in the Cherokee Play, targeting 10 new wells with 8 expected completions within the calendar year. Oil production is projected to increase by approximately 20% in 2026, supported by high-return wells with breakevens at $35 WTI. Capital expenditure guidance of $76 million to $97 million includes $14 million to $17 million earmarked for 'ground game' leasing to extend the development runway beyond 2026. Guidance ranges account for variables in timing related to crew availability and weather, as well as potential fluctuations in working interest resulting from the Oklahoma pooling process. Management plans to prioritize a regular quarterly dividend while maintaining the flexibility for opportunistic share repurchases using the $68.3 million remaining authorization. Lease operating expenses (LOE) were 14% below guidance, partially due to a $4.3 million non-recurring, non-cash adjustment of operating accruals. The company reported a record of over four years without a recordable safety incident, which management cites as a key indicator of operational discipline during the Cherokee ramp-up. Natural gas realizations are expected to fluctuate between 50% and 70% of Henry Hub, depending on absolute price levels due to fixed deducts in the gas stream. Current hedging covers approximately 23% of 2026 guided production...

As of 2026-05-30 • Updated weeklySource: Earnings sourceIngestion runbook