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 18 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).
Higher operating cash flow is increasingly being absorbed by reinvestment, making free cash flow less explosive even as profitability rebounds.
Between FY2023 and FY2025, operating cash flow stayed near$100M while free cash flow fell from$89.2M to$41.5M because capital spending jumped from$26.4M to$58.6M . That means FY2025’s recovery in operating margin to39.0% from26.5% in FY2024 translated into better operations, but not into the same level of distributable cash.
The balance-sheet posture still looks conservative: FY2025 liabilities were
Reported earnings have been helped by items below operating income, so net margin overstates the underlying operating engine in some years; FY2024 is the clearest example, with net margin at
Financial Health Signals
Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Sandridge Energy's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Sandridge Energy scores 1.92, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($496.6M) relative to total liabilities ($133.2M). This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Sandridge Energy passes 7 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Sandridge Energy generates $1.43 in operating cash flow ($100.1M OCF vs $70.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Sandridge Energy generated $156.4M in revenue in fiscal year 2025. This represents an increase of 24.8% from the prior year.
Sandridge Energy's EBITDA was $103.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 58.0% from the prior year.
Sandridge Energy reported $70.2M in net income in fiscal year 2025. This represents an increase of 11.5% from the prior year.
Sandridge Energy earned $1.90 per diluted share (EPS) in fiscal year 2025. This represents an increase of 12.4% from the prior year.
Cash & Balance Sheet
Sandridge Energy generated $41.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 12.6% from the prior year.
Sandridge Energy held $111.0M in cash against $0 in long-term debt as of fiscal year 2025.
Sandridge Energy had 37M shares outstanding in fiscal year 2025. This represents a decrease of 1.0% from the prior year.
Margins & Returns
Sandridge Energy's operating margin was 39.0% in fiscal year 2025, reflecting core business profitability. This is up 12.5 percentage points from the prior year.
Sandridge Energy's net profit margin was 44.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 5.4 percentage points from the prior year.
Sandridge Energy's ROE was 13.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.1 percentage points from the prior year.
Capital Allocation
Sandridge Energy spent $6.4M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 2648.1% from the prior year.
Sandridge Energy invested $58.6M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 122.0% from the prior year.
SD Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $49.8M+26.3% | $39.4M-1.1% | $39.8M+15.3% | $34.5M-18.9% | $42.6M+9.3% | $39.0M+29.7% | $30.1M+15.7% | $26.0M |
| 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 | $17.9M+17.6% | $15.2M+1.0% | $15.0M-18.9% | $18.5M+52.1% | $12.2M+20.7% | $10.1M+18.9% | $8.5M+36.5% | $6.2M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $0+100.0% | -$5.5M | $0 | $0 | $0+100.0% | -$6.8M+56.0% | -$15.4M | $0 |
| Net Income | $18.7M-13.7% | $21.6M+35.7% | $16.0M-18.4% | $19.6M+49.9% | $13.0M-25.8% | $17.6M-31.0% | $25.5M+189.8% | $8.8M |
| EPS (Diluted) | $0.50 | N/A | $0.43-18.9% | $0.53+51.4% | $0.35 | N/A | $0.69+187.5% | $0.24 |
SD Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $652.1M+1.3% | $644.0M+4.0% | $619.0M+2.8% | $602.3M+2.4% | $588.3M+1.2% | $581.5M+2.9% | $565.2M+6.7% | $529.6M |
| Current Assets | $143.0M-3.3% | $147.9M+8.2% | $136.6M+0.4% | $136.1M+3.9% | $131.0M+2.6% | $127.7M+1.7% | $125.6M-47.1% | $237.2M |
| Cash & Equivalents | $102.7M-7.4% | $111.0M+9.7% | $101.2M-1.6% | $102.8M+3.1% | $99.7M+1.6% | $98.1M+5.9% | $92.7M-55.8% | $209.9M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $30.3M+15.8% | $26.2M-4.6% | $27.4M+16.4% | $23.6M-5.2% | $24.9M+4.2% | $23.9M-16.2% | $28.5M+22.5% | $23.3M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $126.2M-5.2% | $133.2M+5.2% | $126.5M+3.6% | $122.1M-1.0% | $123.3M+2.0% | $121.0M+2.1% | $118.5M+13.1% | $104.8M |
| Current Liabilities | $59.5M-12.6% | $68.0M+8.2% | $62.9M+6.1% | $59.2M-3.7% | $61.5M+1.6% | $60.6M+3.1% | $58.8M+27.3% | $46.2M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $526.0M+3.0% | $510.9M+3.7% | $492.4M+2.6% | $480.2M+3.3% | $464.9M+1.0% | $460.5M+3.1% | $446.8M+5.2% | $424.8M |
| Retained Earnings | -$451.1M+4.0% | -$469.8M+4.4% | -$491.4M+3.1% | -$507.4M+3.7% | -$526.9M+2.4% | -$540.0M+3.2% | -$557.5M+4.4% | -$583.0M |
SD Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $19.8M-37.6% | $31.7M+25.4% | $25.3M+10.6% | $22.9M+12.4% | $20.3M-21.8% | $26.0M+24.7% | $20.8M+82.7% | $11.4M |
| Capital Expenditures | $20.9M+21.0% | $17.3M-10.9% | $19.4M+24.0% | $15.6M+143.3% | $6.4M-50.0% | $12.8M+28.4% | $10.0M+307.9% | $2.5M |
| Free Cash Flow | -$1.1M-107.7% | $14.4M+144.0% | $5.9M-18.4% | $7.3M-47.9% | $13.9M+5.8% | $13.2M+21.3% | $10.8M+21.1% | $9.0M |
| Investing Cash Flow | -$23.5M-31.5% | -$17.9M+20.1% | -$22.4M-54.5% | -$14.5M-56.6% | -$9.3M+42.3% | -$16.0M+88.0% | -$133.5M-3226.1% | -$4.0M |
| Financing Cash Flow | -$4.5M-11.0% | -$4.0M+10.0% | -$4.5M+14.6% | -$5.3M+44.4% | -$9.5M-109.3% | -$4.5M-0.3% | -$4.5M+1.8% | -$4.6M |
| Dividends Paid | $3.9M+0.3% | $3.9M+0.7% | $3.8M-6.9% | $4.1M+0.5% | $4.1M-0.7% | $4.1M-2.5% | $4.2M-1.5% | $4.3M |
| Share Buybacks | $0 | $0-100.0% | $476K-45.9% | $880K-82.6% | $5.0M+2066.1% | $233K | $0 | $0 |
SD Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 35.9%-2.7pp | 38.6%+0.8pp | 37.8%-15.9pp | 53.7%+25.1pp | 28.6%+2.7pp | 25.9%-2.3pp | 28.2%+4.3pp | 23.9% |
| Net Margin | 37.5%-17.4pp | 54.9%+14.9pp | 40.1%-16.6pp | 56.6%+26.0pp | 30.6%-14.5pp | 45.1%-39.7pp | 84.8%+50.9pp | 33.9% |
| Return on Equity | 3.5%-0.7pp | 4.2%+1.0pp | 3.2%-0.8pp | 4.1%+1.3pp | 2.8%-1.0pp | 3.8%-1.9pp | 5.7%+3.6pp | 2.1% |
| Return on Assets | 2.9%-0.5pp | 3.4%+0.8pp | 2.6%-0.7pp | 3.3%+1.0pp | 2.2%-0.8pp | 3.0%-1.5pp | 4.5%+2.9pp | 1.7% |
| Current Ratio | 2.40+0.2 | 2.170.0 | 2.17-0.1 | 2.30+0.2 | 2.13+0.0 | 2.11-0.0 | 2.14-3.0 | 5.14 |
| Debt-to-Equity | 0.24-0.0 | 0.260.0 | 0.260.0 | 0.25-0.0 | 0.270.0 | 0.260.0 | 0.27+0.0 | 0.25 |
| FCF Margin | -2.2%-38.9pp | 36.6%+21.8pp | 14.9%-6.1pp | 21.0%-11.7pp | 32.7%-1.1pp | 33.8%-2.3pp | 36.1%+1.6pp | 34.5% |
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Frequently Asked Questions
What is Sandridge Energy's annual revenue?
Sandridge Energy (SD) reported $156.4M in total revenue for fiscal year 2025. This represents a 24.8% 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 grew by 24.8% year-over-year, from $125.3M to $156.4M in fiscal year 2025.
Is Sandridge Energy profitable?
Yes, Sandridge Energy (SD) reported a net income of $70.2M in fiscal year 2025, with a net profit margin of 44.9%.
What is Sandridge Energy's EBITDA?
Sandridge Energy (SD) had EBITDA of $103.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Sandridge Energy's operating margin?
Sandridge Energy (SD) had an operating margin of 39.0% in fiscal year 2025, 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 44.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Sandridge Energy's return on equity (ROE)?
Sandridge Energy (SD) has a return on equity of 13.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Sandridge Energy's free cash flow?
Sandridge Energy (SD) generated $41.5M in free cash flow during fiscal year 2025. This represents a -12.6% 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 $100.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Sandridge Energy's total assets?
Sandridge Energy (SD) had $644.0M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Sandridge Energy's capital expenditures?
Sandridge Energy (SD) invested $58.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Sandridge Energy's current ratio?
Sandridge Energy (SD) had a current ratio of 2.17 as of fiscal year 2025, 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 2025, 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 10.9% for fiscal year 2025, 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 1.92, 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 7 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 1.43x, 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 73 out of 100 on our Financial Health Score, indicating strong standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.