Sandridge Energy Financials
This page shows Sandridge Energy (SD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Sandridge Energy has an operating margin of 26.5%, meaning the company retains $27 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is down from 43.2% the prior year.
Sandridge Energy's revenue declined 15.7% year-over-year, from $148.6M to $125.3M. This contraction results in a growth score of 0/100.
Sandridge Energy carries a low D/E ratio of 0.26, meaning only $0.26 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Sandridge Energy's current ratio of 2.11 indicates adequate short-term liquidity, earning a score of 64/100. The company can meet its near-term obligations, though with limited headroom.
Sandridge Energy converts 37.9% of revenue into free cash flow ($47.5M). This strong cash generation earns a score of 100/100.
Sandridge Energy's ROE of 13.7% shows moderate profitability relative to equity, earning a score of 55/100. This is up from 13.0% the prior year.
Sandridge Energy scores 2.45, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($645.7M) relative to total liabilities ($121.0M). This signals moderate financial risk that warrants monitoring.
Sandridge Energy passes 4 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Sandridge Energy generates $1.17 in operating cash flow ($73.9M OCF vs $63.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Sandridge Energy generated $125.3M in revenue in fiscal year 2024. This represents a decrease of 15.7% from the prior year.
Sandridge Energy's EBITDA was $65.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 23.9% from the prior year.
Sandridge Energy generated $47.5M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 46.7% from the prior year.
Sandridge Energy reported $63.0M in net income in fiscal year 2024. This represents an increase of 3.5% from the prior year.
Sandridge Energy earned $1.69 per diluted share (EPS) in fiscal year 2024. This represents an increase of 3.0% from the prior year.
Sandridge Energy held $98.1M in cash against $0 in long-term debt as of fiscal year 2024.
Sandridge Energy paid $0.11 per share in dividends in fiscal year 2024.
Sandridge Energy had 37M shares outstanding in fiscal year 2024. This represents an increase of 0.3% from the prior year.
Sandridge Energy's operating margin was 26.5% in fiscal year 2024, reflecting core business profitability. This is down 16.7 percentage points from the prior year.
Sandridge Energy's net profit margin was 50.3% in fiscal year 2024, showing the share of revenue converted to profit. This is up 9.3 percentage points from the prior year.
Sandridge Energy's ROE was 13.7% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 0.7 percentage points from the prior year.
Sandridge Energy spent $233K on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
Sandridge Energy invested $26.4M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 0.1% from the prior year.
SD Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $39.8M+15.3% | $34.5M-18.9% | $42.6M+25.6% | $33.9M-11.1% | $38.1M+14.2% | $33.4M-22.5% | $43.1M-23.1% | $56.1M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | $15.0M-18.9% | $18.5M+52.1% | $12.2M-6.1% | $13.0M-19.8% | $16.2M+17.2% | $13.8M-34.9% | $21.2M-45.0% | $38.6M |
| Interest Expense | N/A | N/A | $2.7M-2.6% | $2.8M+12.8% | $2.5M-13.2% | $2.8M+13.2% | $2.5M+54.4% | $1.6M |
| Income Tax | $0 | $0 | $0-100.0% | $14.0M | $0 | $0 | $0+100.0% | -$64.5M |
| Net Income | $16.0M-18.4% | $19.6M+49.9% | $13.0M+628.2% | $1.8M-90.4% | $18.7M+12.2% | $16.6M-30.0% | $23.8M-77.4% | $105.2M |
| EPS (Diluted) | $0.43-18.9% | $0.53+51.4% | $0.35+600.0% | $0.05-90.0% | $0.50+11.1% | $0.45-29.7% | $0.64-77.4% | $2.83 |
SD Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $619.0M+2.8% | $602.3M+2.4% | $588.3M+2.5% | $574.2M-0.5% | $577.1M+2.7% | $562.1M-10.5% | $628.2M+4.6% | $600.5M |
| Current Assets | $136.6M+0.4% | $136.1M+3.9% | $131.0M-52.9% | $277.9M+6.7% | $260.3M+2.3% | $254.5M-21.5% | $324.0M+6.3% | $304.9M |
| Cash & Equivalents | $101.2M-1.6% | $102.8M+3.1% | $99.7M-60.5% | $252.4M+9.4% | $230.7M+3.8% | $222.4M-22.2% | $285.8M+11.8% | $255.7M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $27.4M+16.4% | $23.6M-5.2% | $24.9M+12.2% | $22.2M-13.6% | $25.7M+7.3% | $23.9M-10.0% | $26.6M-23.5% | $34.7M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $126.5M+3.6% | $122.1M-1.0% | $123.3M+16.3% | $106.1M-1.4% | $107.6M+0.2% | $107.4M-7.7% | $116.3M+3.3% | $112.6M |
| Current Liabilities | $62.9M+6.1% | $59.2M-3.7% | $61.5M+24.8% | $49.3M-10.6% | $55.2M-1.2% | $55.8M-15.7% | $66.3M+4.7% | $63.3M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $492.4M+2.6% | $480.2M+3.3% | $464.9M-0.7% | $468.1M-0.3% | $469.5M+3.3% | $454.7M-11.2% | $511.9M+4.9% | $487.9M |
| Retained Earnings | -$491.4M+3.1% | -$507.4M+3.7% | -$526.9M+12.6% | -$602.9M+0.3% | -$604.7M+3.0% | -$623.4M+2.6% | -$640.0M+3.6% | -$663.8M |
SD Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $25.3M+10.6% | $22.9M+12.4% | $20.3M-22.5% | $26.2M+2.8% | $25.5M+6.3% | $24.0M-39.8% | $39.8M+32.5% | $30.1M |
| Capital Expenditures | $19.4M+24.0% | $15.6M+143.3% | $6.4M+823.8% | $694K-48.7% | $1.4M-90.9% | $14.9M+59.0% | $9.4M-27.5% | $13.0M |
| Free Cash Flow | $5.9M-18.4% | $7.3M-47.9% | $13.9M-45.5% | $25.5M+5.7% | $24.2M+166.3% | $9.1M-70.2% | $30.5M+78.0% | $17.1M |
| Investing Cash Flow | -$22.4M-54.5% | -$14.5M-56.6% | -$9.3M-1362.1% | -$633K+94.9% | -$12.5M+8.1% | -$13.6M-44.7% | -$9.4M+27.4% | -$13.0M |
| Financing Cash Flow | -$4.5M+14.6% | -$5.3M+44.4% | -$9.5M-144.0% | -$3.9M+18.8% | -$4.8M+93.5% | -$73.9M-21452.8% | -$343K-40.0% | -$245K |
| Dividends Paid | $3.8M-6.9% | $4.1M+0.5% | $4.1M+10.1% | $3.7M-6.8% | $4.0M-94.6% | $73.8M | $0 | $0 |
| Share Buybacks | $476K-45.9% | $880K-82.6% | $5.0M | N/A | N/A | N/A | N/A | N/A |
SD Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 37.8%-15.9pp | 53.7%+25.1pp | 28.6%-9.7pp | 38.3%-4.2pp | 42.4%+1.1pp | 41.3%-7.8pp | 49.1%-19.6pp | 68.7% |
| Net Margin | 40.1%-16.6pp | 56.6%+26.0pp | 30.6%+25.4pp | 5.3%-43.7pp | 48.9%-0.8pp | 49.8%-5.3pp | 55.1%-132.5pp | 187.5% |
| Return on Equity | 3.2%-0.8pp | 4.1%+1.3pp | 2.8%+2.4pp | 0.4%-3.6pp | 4.0%+0.3pp | 3.7%-1.0pp | 4.6%-16.9pp | 21.6% |
| Return on Assets | 2.6%-0.7pp | 3.3%+1.0pp | 2.2%+1.9pp | 0.3%-2.9pp | 3.2%+0.3pp | 3.0%-0.8pp | 3.8%-13.7pp | 17.5% |
| Current Ratio | 2.17-0.1 | 2.30+0.2 | 2.13-3.5 | 5.63+0.9 | 4.72+0.2 | 4.56-0.3 | 4.89+0.1 | 4.82 |
| Debt-to-Equity | 0.260.0 | 0.25-0.0 | 0.27+0.0 | 0.230.0 | 0.230.0 | 0.240.0 | 0.230.0 | 0.23 |
| FCF Margin | 14.9%-6.1pp | 21.0%-11.7pp | 32.7%-42.6pp | 75.2%+11.9pp | 63.3%+36.2pp | 27.1%-43.4pp | 70.6%+40.1pp | 30.5% |
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Frequently Asked Questions
What is Sandridge Energy's annual revenue?
Sandridge Energy (SD) reported $125.3M in total revenue for fiscal year 2024. This represents a -15.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Sandridge Energy's revenue growing?
Sandridge Energy (SD) revenue declined by 15.7% year-over-year, from $148.6M to $125.3M in fiscal year 2024.
Is Sandridge Energy profitable?
Yes, Sandridge Energy (SD) reported a net income of $63.0M in fiscal year 2024, with a net profit margin of 50.3%.
What is Sandridge Energy's earnings per share (EPS)?
Sandridge Energy (SD) reported diluted earnings per share of $1.69 for fiscal year 2024. This represents a 3.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Sandridge Energy's EBITDA?
Sandridge Energy (SD) had EBITDA of $65.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Sandridge Energy's operating margin?
Sandridge Energy (SD) had an operating margin of 26.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Sandridge Energy's net profit margin?
Sandridge Energy (SD) had a net profit margin of 50.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Sandridge Energy pay dividends?
Yes, Sandridge Energy (SD) paid $0.11 per share in dividends during fiscal year 2024.
What is Sandridge Energy's return on equity (ROE)?
Sandridge Energy (SD) has a return on equity of 13.7% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Sandridge Energy's free cash flow?
Sandridge Energy (SD) generated $47.5M in free cash flow during fiscal year 2024. This represents a -46.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Sandridge Energy's operating cash flow?
Sandridge Energy (SD) generated $73.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Sandridge Energy's total assets?
Sandridge Energy (SD) had $581.5M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Sandridge Energy's capital expenditures?
Sandridge Energy (SD) invested $26.4M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Sandridge Energy buy back shares?
Yes, Sandridge Energy (SD) spent $233K on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Sandridge Energy have outstanding?
Sandridge Energy (SD) had 37M shares outstanding as of fiscal year 2024.
What is Sandridge Energy's current ratio?
Sandridge Energy (SD) had a current ratio of 2.11 as of fiscal year 2024, which is generally considered healthy.
What is Sandridge Energy's debt-to-equity ratio?
Sandridge Energy (SD) had a debt-to-equity ratio of 0.26 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Sandridge Energy's return on assets (ROA)?
Sandridge Energy (SD) had a return on assets of 10.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Sandridge Energy's Altman Z-Score?
Sandridge Energy (SD) has an Altman Z-Score of 2.45, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Sandridge Energy's Piotroski F-Score?
Sandridge Energy (SD) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Sandridge Energy's earnings high quality?
Sandridge Energy (SD) has an earnings quality ratio of 1.17x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Sandridge Energy?
Sandridge Energy (SD) scores 70 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.