Profile
Sector:
EnergyIndustry:
Oil & Gas Equipment & ServicesCountry:
United StatesIPO:
04 October 2016Website:
http://sandridgeenergy.comNext earnings report:
06 March 2025Last dividends:
15 November 2024Next dividends:
N/APrice
after hours | Wed, 20 Nov 2024 21:04:01 GMTAnalysts recommendations
Institutional Ownership
SD Latest News
Lower production and commodity price realizations hurt SD's earnings in Q3.
SandRidge provided guidance for approximately $33 million in 2H 2024 capex, up from $3 million in 1H 2024 capex. It is planning on completing 4 DUCs and starting up to three gross new wells in the Western Anadarko Basin. The extra spend will help SandRidge's 2025 results, but also reduce its 2H 2024 free cash flow to around $16 million at the current strip.
Lower production volumes and reduced realized prices for natural gas hurt SandRidge Energy's (SD) earnings in Q2.
OKLAHOMA CITY--(BUSINESS WIRE)-- #ClassActionSettlement--Federman & Sherwood Announces Preliminary Approval of Settlement in Sandridge Energy, Inc. Class Action.
OKLAHOMA CITY , March 4, 2024 /PRNewswire/ -- SandRidge Energy, Inc. (the "Company" or "SandRidge") (NYSE: SD) today announced plans to release fourth quarter and full year 2023 operational and financial results after the close of trading on Wednesday, March 6, 2024. SandRidge will host a conference call on Thursday, March 7, 2024 at 10:00 a.m.
SandRidge Energy, Inc. (NYSE:SD ) Q2 2023 Earnings Conference Call August 3, 2023 11:00 AM ET Company Participants Scott Prestridge - Vice President-Finance & Treasury Grayson Pranin - Chief Executive Officer & Chief Operating Officer Salah Gamoudi - Chief Financial Officer & Chief Accounting Officer Conference Call Participants Operator Ladies and gentlemen, thank you for standing by. My name is Brent, and I will be your conference operator today.
SandRidge Energy has increased its working interest in 26 wells in the Northwest Stack play, producing a net 500 boe/d with 30% oil. The purchase price was $11.25m. The acquisition is expected to add around $4.4m to SandRidge's FY 2023 free cash flow. The deal is likely to achieve payback in under two years. The deal marks a potential start to a series of small, highly accretive deals by SandRidge, demonstrating improved capital allocation and alleviating previous investor concerns.
SandRidge Energy, Inc. paid out a $2 per share special dividend and also instituted a $0.10 per share quarterly dividend. It also announced a $75 million share repurchase program. SandRidge should still end 2023 with over $7 per share in cash, before the impact of any share repurchases.
SandRidge had another great quarter. A huge cash balance should be returned to shareholders.
SandRidge generated $30.4 million free cash flow in Q1 2023. It benefited from derivative settlements and working capital changes, while interest income added $2.5 million for the quarter.
What type of business is SandRidge Energy?
SandRidge Energy, Inc. engages in the acquisition, development, and production of oil, natural gas, and natural gas liquids in the United States Mid-Continent. The company was incorporated in 2006 and is headquartered in Oklahoma City, Oklahoma.
What sector is SandRidge Energy in?
SandRidge Energy is in the Energy sector
What industry is SandRidge Energy in?
SandRidge Energy is in the Oil & Gas Equipment & Services industry
What country is SandRidge Energy from?
SandRidge Energy is headquartered in United States
When did SandRidge Energy go public?
SandRidge Energy initial public offering (IPO) was on 04 October 2016
What is SandRidge Energy website?
https://sandridgeenergy.com
Is SandRidge Energy in the S&P 500?
No, SandRidge Energy is not included in the S&P 500 index
Is SandRidge Energy in the NASDAQ 100?
No, SandRidge Energy is not included in the NASDAQ 100 index
Is SandRidge Energy in the Dow Jones?
No, SandRidge Energy is not included in the Dow Jones index
When was SandRidge Energy the previous earnings report?
No data
When does SandRidge Energy earnings report?
The next expected earnings date for SandRidge Energy is 06 March 2025