Logo

SD

SandRidge Energy, Inc.

SD

SandRidge Energy, Inc. • NYSE
$14.14 ▲ 0.50% (+0.07)
Market Cap $519.98 M
52w High $14.62
52w Low $8.81
Dividend Yield 0.46%
P/E 7.9
Volume 148.31K
Outstanding Shares 36.77M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $39.822M ▲ $11.716M ▲ $15.953M ▼ 40.061% ▼ $0.44 ▼ $27.907M ▲
Q2-2025 $34.531M ▼ $-2.619M ▼ $19.558M ▲ 56.639% ▲ $0.53 ▲ $22.789M ▼
Q1-2025 $42.604M ▲ $6.38M ▲ $13.049M ▼ 30.629% ▼ $0.35 ▼ $24.735M ▼
Q4-2024 $38.973M ▲ $5.608M ▲ $17.583M ▼ 45.116% ▼ $0.47 ▼ $30.041M ▲
Q3-2024 $30.057M $698K $25.484M 84.786% $0.69 $16.836M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $101.204M ▼ $618.973M ▲ $126.524M ▲ $492.449M ▲
Q2-2025 $102.816M ▲ $602.273M ▲ $122.106M ▼ $480.167M ▲
Q1-2025 $99.726M ▲ $588.259M ▲ $123.346M ▲ $464.913M ▲
Q4-2024 $98.128M ▲ $581.511M ▲ $120.98M ▲ $460.531M ▲
Q3-2024 $92.697M $565.24M $118.483M $446.757M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $15.953M ▼ $25.269M ▲ $-22.383M ▼ $-4.498M ▲ $-1.612M ▼ $5.919M ▲
Q2-2025 $19.558M ▲ $22.85M ▲ $-14.49M ▼ $-5.27M ▲ $3.09M ▲ $5.154M ▼
Q1-2025 $13.049M ▼ $20.331M ▼ $-9.255M ▲ $-9.478M ▼ $1.598M ▼ $13.595M ▲
Q4-2024 $17.583M ▼ $25.993M ▲ $-16.034M ▲ $-4.529M ▼ $5.43M ▲ $13.161M ▲
Q3-2024 $25.484M $20.847M $-133.543M $-4.515M $-117.211M $10.861M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Reportable Segment
Reportable Segment
 $0 ▲$0 ▲$30.00M ▲$40.00M ▲
Natural Gas
Natural Gas
 $10.00M ▲$10.00M ▲$0 ▼$0 ▲
Oil
Oil
 $40.00M ▲$20.00M ▼$0 ▼$0 ▲

Five-Year Company Overview

Income Statement

Income Statement SandRidge’s income statement shows a business that swings with oil and gas prices, but has become consistently profitable after a difficult period a few years ago. Revenue climbed strongly into 2022, then eased back as commodity prices cooled, so the top line is now lower than the recent peak but still above pre‑pandemic levels. Profit margins are fairly healthy for a smaller producer, with operating income and net income remaining in positive territory. However, earnings per share have come down sharply from the 2022 high, reflecting a normalization after an unusually strong pricing environment. Overall, the company looks profitable and relatively efficient, but clearly exposed to the usual ups and downs of the energy cycle.

Balance Sheet

Balance Sheet The balance sheet is a key strength. SandRidge carries no meaningful debt today, a significant improvement compared with a few years ago when leverage was still present. Equity makes up the bulk of the capital structure, and asset levels have gradually increased and then stabilized, suggesting measured growth rather than aggressive expansion. Cash reserves are sizable relative to the scale of the business, even though they have stepped down from their peak as funds were likely used for shareholder returns or investments. In simple terms, this is a conservative, cash-rich, debt-free balance sheet that gives the company flexibility and resilience if markets soften.

Cash Flow

Cash Flow Cash flow has been solid and relatively steady. The company regularly generates cash from its operations and, after funding its capital spending, still tends to have money left over. Capital expenditures have been kept disciplined and modest, supporting existing production and focused projects rather than chasing high-risk growth. Free cash flow has tracked commodity prices—stronger in boom years and lower in weaker ones—but importantly has remained positive through the recent period. This pattern supports SandRidge’s ability to return cash to shareholders, maintain its assets, and self-fund selective acquisitions without leaning on debt.

Competitive Edge

Competitive Edge SandRidge competes in mature, well-known oil and gas fields in the Mid-Continent and Western Anadarko regions. Its edge is not about being the biggest player, but about running a lean, low-cost, and operationally disciplined operation in areas it knows extremely well. Concentration in these basins provides local expertise, infrastructure familiarity, and predictable production, which helps keep costs down. The flip side is that the company is smaller than many rivals and concentrated in a specific geography, which can limit diversification and scale advantages. Like all producers, it is highly exposed to commodity price swings, but its low-cost, efficient model and clean balance sheet provide a cushion that many leveraged peers lack.

Innovation and R&D

Innovation and R&D Innovation at SandRidge is practical rather than flashy. The company focuses on squeezing more out of existing wells and fields by upgrading artificial lift systems, recompleting older wells, and carefully optimizing production instead of pushing frontier exploration. Use of monitoring technology and a centralized operations center helps reduce field visits, cut emissions, and improve reliability. Environmental practices like avoiding routine gas flaring and moving most produced water by pipeline show a focus on responsible operations. The Cherokee Shale development and ongoing production optimization are the main areas to watch: success there would demonstrate that its efficiency-driven approach can still deliver organic growth in mature basins.

Summary

SandRidge Energy today looks like a disciplined, cash-generative, and relatively conservative oil and gas producer focused on mature U.S. fields. Its income statement shows clear sensitivity to commodity prices, but profitability has been solid in recent years. The balance sheet is notably strong, with no debt and meaningful cash, giving the company room to maneuver. Cash flows are steady enough to support ongoing operations, selective investments, and shareholder returns. Competitively, SandRidge relies on deep familiarity with its core basins and a lean cost structure rather than scale or groundbreaking technology. Its innovation is centered on operational optimization and responsible practices, not large-scale R&D. The key watch points are future commodity prices, execution in the Cherokee Shale and other optimization projects, and the company’s ability to sustain returns while operating a mature asset base.

NEWS

November 5, 2025 · 4:24 PM UTC

SANDRIDGE ENERGY, INC. ANNOUNCES FINANCIAL AND OPERATING RESULTS FOR THE THREE AND NINE-MONTH PERIODS ENDED SEPTEMBER 30, 2025 AND DECLARES DIVIDEND OF $0.12 PER SHARE

Read more

November 4, 2025 · 5:43 PM UTC

SANDRIDGE ENERGY, INC. ANNOUNCES THIRD QUARTER 2025 OPERATIONAL AND FINANCIAL RESULTS RELEASE DATE AND CONFERENCE CALL INFORMATION

Read more

September 8, 2025 · 4:53 PM UTC

SANDRIDGE ENERGY, INC. ANNOUNCES ENROLLMENT HAS OPENED FOR PREVIOUSLY ANNOUNCED DIVIDEND REINVESTMENT PLAN FOR STOCKHOLDERS

Read more