SD
SandRidge Energy, Inc.13.84
-0.54-3.76%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Guidance range, hedging color clarified
Q&A largely reaffirmed prepared remarks on Cherokee drilling and 2026 guidance, but added useful color on the wide production range of 6.4-7.7 million Boe and $76-97 million CapEx. Timing risks like crew availability, weather, and pooling-driven working interest upside explain the spread. Management stressed opportunistic hedging—23% of 2026 midpoint now, recently boosted on oil—with no debt forcing their hand. Gas differentials improve with higher prices like $4 Henry Hub; Q4 widening was temporary. No surprises. Answers directly tackled analyst probes on ranges and realizations. Watch drilling execution and hedging layers amid volatility.
Key Stats
Market Cap
508.95MP/E (TTM)
7.73Basic EPS (TTM)
1.79Dividend Yield
0.03%Recent Filings
10-K
FY2025 results
SandRidge delivered FY2025 ended December 31, 2025 with 6.8 MMBoe production, up 12% y/y from 6.1 MMBoe, averaging 18.5 MBoe/d versus 16.5 MBoe/d; Q4 drove the momentum via Cherokee play development, drilling seven operated wells (six completed) while converting 4.7 MMBoe PUD to PDP for $43.7M. Realized $23.10/Boe, lifting revenues 25% to $156M despite oil's 14% y/y drop to $63.64/Bbl, offset by natgas doubling to $2.10/Mcf; LOE fell to $5.35/Boe after $4.3M accrual fixes, DD&A rose to $5.38/Boe on higher volumes/depletion rate. Cash from ops hit $100M (up 35%), funding $69M capex, $16M dividends, $6M buybacks with $112M cash, no debt. Proved reserves grew 10% to 69.1 MMBoe (10.2-year R/P), PV-10 up 21% to $440M. Volatility in oil, natgas and NGL prices threatens quarterly momentum.
8-K
2025 results, dividend, 2026 guidance
SandRidge reported 2025 results with production up 12% to 18.5 MBoe/d, driven by Cherokee development, $112.3M cash, no debt, and $70.2M net income. Board declared $0.12/share dividend payable March 31 to March 20 record holders, electable via DRIP. 2026 guidance targets 6.4-7.7 MMBoe via one-rig program. Strong balance sheet funds returns.
10-Q
Q3 FY2025 results
SandRidge Energy filed its 10-Q for the quarter ended September 30, 2025, but the document provides no financial statements, income details, or MD&A metrics like revenue, EPS, cash flow, or debt. No y/y or q/q deltas available. Non-GAAP metrics not disclosed in the 10-Q. Balance sheet, cash flows, and notes absent from excerpt. Liquidity posture unclear. No M&A or regulatory updates. Commodity prices remain a key risk per prior 10-K.
8-K
Q3 results, dividend declared
SandRidge reported Q3 net income of $16.0 million and production up 12% to 19.0 MBoe/d versus 2024, fueled by Cherokee drilling with wells hitting ~2,000 Boe/d IP. Board declared $0.12/share dividend, payable November 28 to November 14 record holders, electable in cash or shares. Cash stands at $102.6 million, debt-free. Cherokee drives growth.
8-K
DRIP enrollment opens
SandRidge Energy opened enrollment September 8, 2025, for its previously announced Dividend Reinvestment Plan, administered by Equiniti Trust Company. All registered common stockholders can voluntarily reinvest cash dividends into additional shares, bought directly from the company at NYSE closing price or in open market. Enrollment is simple online or by phone. Company may block participation exceeding 4.9% ownership.
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