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SandRidge Energy, Inc. (SD) Financials

SD
Trailing 12 months to June 30, 2026
Revenue $180.1M +23.2% YoY
Net Income $83.0M +9.6% YoY
EPS (Diluted) $2.23 +9.3% YoY
Free Cash Flow $42.5M -5.9% YoY
Market Cap $532.4M as of Oct 13, 2026
Price / Sales 3.0x on $180.1M revenue, trailing 12 months to June 30, 2026
Price / Earnings 6.4x on $83.0M net income, trailing 12 months to June 30, 2026
Price / Book 1.0x on $542.7M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 13, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SD SEC filings page.

SandRidge Energy, Inc. (SD) reported $180.1M in revenue over the twelve months to Jun 30, 2026, up 23.2% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI SD FY2025

SandRidge is lightly leveraged, but rising reinvestment is absorbing more operating cash even as earnings recover.

In FY2025, operating cash flow rose to $100M, but free cash flow was only $41.5M. That gap widened as capital expenditures increased to $58.6M, making the recovery more capital-intensive than FY2024.

Revenue peaked at $254.3M in FY2022 and reached $156.4M in FY2025 after the FY2024 trough. Operating margin moved from 26.5% in FY2024 to 39.0% in FY2025, showing that profitability changes faster than revenue.

Total liabilities were $133.2M against $510.9M of equity, leaving the balance sheet equity-heavy. Debt-to-equity was 0.3x while the current ratio was 2.2x, indicating reported obligations are modest relative to capitalization and near-term assets.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 73 / 100
Financial Health Score 73/100
Scored as: Energy peer group

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, Inc.'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.

Profitability
84

SandRidge Energy, Inc. has an operating margin of 39.0%, meaning the company retains $39 of operating profit per $100 of revenue. This strong profitability earns a score of 84/100, reflecting efficient cost management and pricing power. This is up from 26.5% the prior year.

Growth
50

SandRidge Energy, Inc.'s revenue surged 24.8% year-over-year to $156.4M, reflecting rapid business expansion. This strong growth earns a score of 50/100.

Leverage
74

SandRidge Energy, Inc. 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 74/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
75

With a current ratio of 2.17, SandRidge Energy, Inc. holds $2.17 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 75/100.

Cash Flow
96

SandRidge Energy, Inc. converts 26.6% of revenue into free cash flow ($41.5M). This strong cash generation earns a score of 96/100.

Returns
61

SandRidge Energy, Inc.'s ROE of 13.7% shows moderate profitability relative to equity, earning a score of 61/100. This is unchanged from the prior year.

Altman Z-Score Grey Zone
2.08

SandRidge Energy, Inc. scores 2.08, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($532.4M) 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.

Piotroski F-Score Partial
7/7

SandRidge Energy, Inc. 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.

Earnings Quality Cash-Backed
1.43x

For every $1 of reported earnings, SandRidge Energy, Inc. 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

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Earnings & Revenue

Revenue
$51.1M
YoY+48.0%
QoQ+2.7%
5Y CAGR+8.4%

SandRidge Energy, Inc. generated $51.1M in revenue in Q2 2026. This represents an increase of 48.0% from the same quarter a year earlier. Against the prior quarter it is up 2.7%.

EBITDA
$38.1M
YoY+33.9%
QoQ+30.0%
5Y CAGR+14.1%

SandRidge Energy, Inc.'s EBITDA was $38.1M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 33.9% from the same quarter a year earlier. Against the prior quarter it is up 30.0%.

Net Income
$26.7M
YoY+36.5%
QoQ+43.0%
5Y CAGR+10.4%

SandRidge Energy, Inc. reported $26.7M in net income in Q2 2026. This represents an increase of 36.5% from the same quarter a year earlier. Against the prior quarter it is up 43.0%.

EPS (Diluted)
$0.72
YoY+35.8%
QoQ+44.0%
5Y CAGR+10.4%

SandRidge Energy, Inc. earned $0.72 per diluted share (EPS) in Q2 2026. This represents an increase of 35.8% from the same quarter a year earlier. Against the prior quarter it is up 44.0%.

Cash & Balance Sheet

Free Cash Flow
$23.2M
YoY+220.6%
QoQ+2203.3%
5Y CAGR+5.7%

SandRidge Energy, Inc. generated $23.2M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 220.6% from the same quarter a year earlier. Against the prior quarter it is up 2203.3%.

Cash & Debt
$113.3M
YoY+10.2%
QoQ+10.3%
5Y CAGR+5.1%
10Y CAGR-15.8%

SandRidge Energy, Inc. held $113.3M in cash as of Q2 2026; long-term debt is not reported for that period.

Dividends Per Share
$0.33
YoY+200.0%
QoQ+175.0%

SandRidge Energy, Inc. paid $0.33 per share in dividends in Q2 2026. This represents an increase of 200.0% from the same quarter a year earlier. Against the prior quarter it is up 175.0%.

Shares Outstanding
37M
YoY+0.9%
QoQ+0.4%
5Y CAGR+0.3%
10Y CAGR-25.7%

SandRidge Energy, Inc. had 37M shares outstanding in Q2 2026. This represents an increase of 0.9% from the same quarter a year earlier. Against the prior quarter it is up 0.4%.

Margins & Returns

Operating Margin
50.8%
YoY-2.9pp
QoQ+14.9pp
5Y change+3.9pp

SandRidge Energy, Inc.'s operating margin was 50.8% in Q2 2026, reflecting core business profitability. This is down 2.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 14.9 percentage points.

Net Margin
52.2%
YoY-4.4pp
QoQ+14.7pp
5Y change+4.7pp

SandRidge Energy, Inc.'s net profit margin was 52.2% in Q2 2026, showing the share of revenue converted to profit. This is down 4.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 14.7 percentage points.

Return on Equity
4.9%
YoY+0.9pp
QoQ+1.4pp
5Y change-4.1pp

SandRidge Energy, Inc.'s ROE was 4.9% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.4 percentage points.

Gross Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks
$41K
YoY-95.3%

SandRidge Energy, Inc. spent $41K on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 95.3% from the same quarter a year earlier.

Capital Expenditures
$19.2M
YoY+23.0%
QoQ-8.0%
5Y CAGR+71.5%

SandRidge Energy, Inc. invested $19.2M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 23.0% from the same quarter a year earlier. Against the prior quarter it is down 8.0%.

R&D Spending

Not reported for Q2 2026.

SD Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SD quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Revenue$51.1M+48.0%$49.8M+16.8%$39.4M+1.1%$39.8M+32.5%$34.5M+32.9%$42.6M+40.7%$39.0M+14.9%$30.1M-21.2%
Operating Income$26.0M+40.1%$17.9M+46.5%$15.2M+50.4%$15.0M+77.1%$18.5M+198.0%$12.2M+44.8%$10.1M-22.2%$8.5M-47.5%
EBITDA$38.1M+33.9%$29.3M+31.9%$27.1M+29.9%$26.1M+41.4%$28.4M+132.4%$22.2M+56.7%$20.9M+10.5%$18.4M-16.3%
Income Tax$0$0-$5.5M+18.5%$0+100.0%$0$0-$6.8M-148.7%-$15.4M
Net Income$26.7M+36.5%$18.7M+43.1%$21.6M+23.1%$16.0M-37.4%$19.6M+122.4%$13.0M+17.3%$17.6M+881.2%$25.5M+36.5%
EPS (Basic)$0.72+35.8%$0.51+45.7%$0.59+22.9%$0.44-36.2%$0.53+120.8%$0.35+16.7%$0.48+860.0%$0.69+35.3%
EPS (Diluted)$0.72+35.8%$0.50+42.9%$0.58+23.4%$0.43-37.7%$0.53+120.8%$0.35+16.7%$0.47+840.0%$0.69+38.0%
Diluted Shares (Avg)37M+1.1%37M-0.2%N/A37M-1.3%37M-1.3%37M-0.1%N/A37M+0.1%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Interest Expense.

SD Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SD quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Total Assets$668.1M+10.9%$652.1M+10.9%$644.0M+10.7%$619.0M+9.5%$602.3M+13.7%$588.3M+11.5%$581.5M+1.3%$565.2M-2.1%
Current Assets$151.7M+11.5%$143.0M+9.1%$147.9M+15.8%$136.6M+8.8%$136.1M-42.6%$131.0M-44.1%$127.7M-54.1%$125.6M-51.8%
Cash & Equivalents$113.3M+10.2%$102.7M+3.0%$111.0M+13.1%$101.2M+9.2%$102.8M-51.0%$99.7M-51.8%$98.1M-61.1%$92.7M-59.8%
Short-Term Investments$0$0$0$0$0$0$0$0
Accounts Receivable$26.7M+13.1%$30.3M+21.8%$26.2M+9.7%$27.4M-3.7%$23.6M+1.3%$24.9M+11.5%$23.9M+7.7%$28.5M+11.1%
Long-Term Investments$0$0$0$0$0$0$0$0
Total Liabilities$125.4M+2.7%$126.2M+2.3%$133.2M+10.1%$126.5M+6.8%$122.1M+16.6%$123.3M+14.6%$121.0M+14.1%$118.5M+10.1%
Current Liabilities$57.8M-2.4%$59.5M-3.4%$68.0M+12.3%$62.9M+7.0%$59.2M+28.4%$61.5M+23.5%$60.6M+22.9%$58.8M+6.5%
Non-Current Liabilities$67.6M+7.5%$66.7M+7.9%$65.1M+7.8%$63.7M+6.6%$62.9M+7.3%$61.8M+6.9%$60.4M+6.4%$59.7M+14.0%
Total Equity$542.7M+13.0%$526.0M+13.1%$510.9M+10.9%$492.4M+10.2%$480.2M+13.0%$464.9M+10.8%$460.5M-1.6%$446.8M-4.8%
Retained Earnings-$424.4M+16.4%-$451.1M+14.4%-$469.8M+13.0%-$491.4M+11.9%-$507.4M+13.0%-$526.9M+11.0%-$540.0M+10.4%-$557.5M+7.8%

Not reported in any period shown, so not listed: Inventory, Goodwill, Long-Term Debt.

SD Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SD quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Cash Flow$42.4M+85.7%$19.8M-2.8%$31.7M+21.9%$25.3M+21.2%$22.9M+100.2%$20.3M+29.7%$26.0M-0.9%$20.8M-18.3%
Depreciation & Amortization$12.1M+22.4%$11.4M+14.2%$11.9M+10.7%$11.0M+10.9%$9.9M+64.6%$10.0M+74.1%$10.8M+82.7%$9.9M+70.0%
Stock-Based CompensationN/A$702K+8.0%N/AN/AN/A$650K+21.3%N/AN/A
Capital Expenditures$19.2M+23.0%$20.9M+225.4%$17.3M+34.4%$19.4M+93.6%$15.6M+536.5%$6.4M+470.4%$12.8M+1749.0%$10.0M+638.3%
Free Cash Flow$23.2M+220.6%-$1.1M-107.9%$14.4M+9.7%$5.9M-45.4%$7.3M-19.1%$13.9M-4.4%$13.2M-48.4%$10.8M-55.1%
Investing Cash Flow-$20.8M-43.7%-$23.5M-154.1%-$17.9M-11.5%-$22.4M+83.2%-$14.5M-260.9%-$9.3M-738.3%-$16.0M-2433.0%-$133.5M-967.7%
Financing Cash Flow-$11.0M-108.9%-$4.5M+52.6%-$4.0M+10.6%-$4.5M+0.4%-$5.3M-14.6%-$9.5M+84.2%-$4.5M-16.6%-$4.5M+5.6%
Dividends Paid$10.6M+159.2%$3.9M-5.5%$3.9M-6.4%$3.8M-9.4%$4.1M-4.2%$4.1M-93.2%$4.1M+10.9%$4.2M+6.0%
Share Buybacks$41K-95.3%$0-100.0%$0-100.0%$476K$880K$5.0M$233K$0

SD Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SD quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Margin50.8%-2.9pp35.9%+7.3pp38.6%+12.6pp37.8%+9.5pp53.7%+29.7pp28.6%+0.8pp25.9%-12.4pp28.2%-14.2pp
Net Margin52.2%-4.4pp37.5%+6.9pp54.9%+9.8pp40.1%-44.7pp56.6%+22.8pp30.6%-6.1pp45.1%+39.8pp84.8%+35.9pp
Return on Equity4.9%+0.9pp3.5%+0.7pp4.2%+0.4pp3.2%-2.5pp4.1%+2.0pp2.8%+0.2pp3.8%+3.4pp5.7%+1.7pp
Return on Assets4.0%+0.8pp2.9%+0.6pp3.4%+0.3pp2.6%-1.9pp3.3%+1.6pp2.2%+0.1pp3.0%+2.7pp4.5%+1.3pp
Current Ratio2.62+0.3x2.40+0.3x2.17+0.1x2.170.0x2.30-2.8x2.13-2.6x2.11-3.5x2.14-2.6x
Debt-to-Equity0.230.0x0.240.0x0.260.0x0.260.0x0.250.0x0.270.0x0.260.0x0.270.0x
Asset Turnover0.080.0x0.080.0x0.060.0x0.060.0x0.060.0x0.070.0x0.070.0x0.050.0x
FCF Margin45.5%+24.5pp-2.2%-34.9pp36.6%+2.9pp14.9%-21.2pp21.0%-13.5pp32.7%-15.4pp33.8%-41.5pp36.1%-27.2pp

Not reported in any period shown, so not listed: Gross Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
SandRidge Energy, Inc. SD FY2025 $156.4M $70.2M 44.9% $532.4M 73/100
Vaalco Energy, Inc. EGY FY2025 $359.3M -$41.4M -11.5% $641.7M 38/100
Tamboran Resources Corporation TBN FY2026 $0 -$26.1M N/A $1.2B —
GEOPARK LIMITED GPRK FY2025 $492.5M $49.7M 10.1% $771.0M 34/100
Riley Exploration Permian, Inc. REPX FY2025 $392.0M $160.8M 41.0% $1.0B 44/100

Frequently Asked Questions

What is SandRidge Energy, Inc.'s annual revenue?

SandRidge Energy, Inc. (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, Inc.'s revenue growing?

SandRidge Energy, Inc. (SD) revenue grew by 24.8% year-over-year, from $125.3M to $156.4M in fiscal year 2025.

Is SandRidge Energy, Inc. profitable?

Yes, SandRidge Energy, Inc. (SD) reported a net income of $70.2M in fiscal year 2025, with a net profit margin of 44.9%.

SandRidge Energy, Inc. (SD) reported diluted earnings per share of $1.90 for fiscal year 2025. This represents a 12.4% 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.

SandRidge Energy, Inc. (SD) had EBITDA of $103.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

SandRidge Energy, Inc. (SD) had an operating margin of 39.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

SandRidge Energy, Inc. (SD) had a net profit margin of 44.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

SandRidge Energy, Inc. (SD) has a return on equity of 13.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

SandRidge Energy, Inc. (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.

SandRidge Energy, Inc. (SD) generated $100.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

SandRidge Energy, Inc. (SD) had $644.0M in total assets as of fiscal year 2025, including both current and long-term assets.

SandRidge Energy, Inc. (SD) invested $58.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Yes, SandRidge Energy, Inc. (SD) spent $6.4M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

SandRidge Energy, Inc. (SD) had 37M shares outstanding as of fiscal year 2025.

SandRidge Energy, Inc. (SD) had a current ratio of 2.17 as of fiscal year 2025, which is generally considered healthy.

SandRidge Energy, Inc. (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.

SandRidge Energy, Inc. (SD) had a return on assets of 10.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

SandRidge Energy, Inc. (SD) trades at 6.4x earnings, its market capitalization divided by net income of $83.0M net income, trailing 12 months to June 30, 2026. The market capitalization is $532.4M as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

SandRidge Energy, Inc. (SD) trades at 3.0x sales, its market capitalization divided by revenue of $180.1M revenue, trailing 12 months to June 30, 2026. The market capitalization is $532.4M as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

SandRidge Energy, Inc. (SD) has an Altman Z-Score of 2.08, 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.

SandRidge Energy, Inc. (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.

SandRidge Energy, Inc. (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.

SandRidge Energy, Inc. (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.

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