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SandRidge Energy, Inc. - $SD STOCK NEWS

Welcome to our dedicated page for SandRidge Energy news (Ticker: $SD), a resource for investors and traders seeking the latest updates and insights on SandRidge Energy stock.

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Rhea-AI Summary

SandRidge Energy, Inc. announced financial results for Q1 2024, including a $0.11 per share cash dividend. Net income was $11.1 million, adjusted net income was $8.4 million. Adjusted EBITDA was $14.7 million. Company had $208.5 million in cash. Operating costs and expenses were managed efficiently. Production totaled 1,376 MBoe. Revenues were $30.3 million. Company continues to focus on production optimization and high-return projects.

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Rhea-AI Summary

SandRidge Energy, Inc. announced plans to release first quarter 2024 operational and financial results, with a conference call scheduled for May 8, 2024. The company is an independent oil and gas company operating in the Mid-Continent region.

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2.35%
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SandRidge Energy, Inc. appoints Dean Parrish as Senior Vice President and Chief Operating Officer, bringing valuable experience to the role. Parrish, aged 36, has a background in petroleum engineering and a history of leadership within the company.
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-0.79%
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management
Rhea-AI Summary
SandRidge Energy, Inc. (SD) reported strong financial results for 2023 with net income of $60.9 million and adjusted EBITDA of $93.2 million. The Company declared a $0.11 per share cash dividend and paid $3.70 per share in cumulative dividends in 2023. Production averaged 16.9 MBoed in 2023, showing a 10% increase in oil production year-over-year.
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4.44%
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dividends earnings
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Rhea-AI Summary
SandRidge Energy, Inc. plans to release fourth quarter and full year 2023 operational and financial results on March 6, 2024. A conference call is scheduled for March 7, 2024, to review the results and operational highlights.
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SandRidge Energy, Inc. announced a one-time dividend of $1.50 per share and an ongoing quarterly dividend increase to $0.11 per share. The one-time dividend totals approximately $55 million and will be payable on February 20, 2024. The Board also plans to increase the ongoing quarterly dividend starting with the next payout in March 2024. The company aims to maintain resources for mergers and acquisitions, focus on growing its asset base, and exercise prudent capital allocation.
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dividends
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SandRidge Energy, Inc. announces financial and operational results for Q3 2023, including a $0.10 per share cash dividend. Net income for the quarter was $18.7 million, or $0.51 per basic share. Adjusted EBITDA was $22.6 million. The company generated $24.2 million of free cash flow for the quarter. G&A expense was $2.6 million. The company had $232.2 million of cash and cash equivalents as of September 30, 2023. The dividend payable on November 27, 2023, is part of the company's ongoing cash dividend program.
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-5.3%
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dividends earnings
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Rhea-AI Summary
SandRidge Energy, Inc. reported second quarter net income of $16.6 million and adjusted net income of $14.0 million. The company generated approximately $39.5 million of free cash flow in the six-month period ended June 30, 2023. SandRidge also announced a $0.10 per share cash dividend payable on August 28, 2023. The company closed an acquisition to increase its working interest in twenty-six wells within the Northwest Stack play. Production totaled 1,593 MBoe for the second quarter, with a focus on increasing oil content.
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Rhea-AI Summary
SandRidge Energy, Inc. announced a one-time dividend of $2.00 per share, totaling approximately $74 million, payable on June 7, 2023. They also planned an ongoing quarterly dividend of $0.10 per share starting in August 2023. Additionally, the company authorized a $75 million stock buyback program.
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SandRidge Energy, Inc.

NYSE:SD

SD Rankings

SD Stock Data

513.07M
36.39M
1.77%
62.32%
2.41%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
OKLAHOMA CITY

About SD

sandridge energy, inc. (nyse: sd) is an oil and natural gas exploration and production company headquartered in oklahoma city, oklahoma with its principal focus on developing high-return, growth-oriented projects in the u.s. mid-continent and niobrara shale. in addition to its innovative approach to operations, sandridge is also known for its highly engaged employee culture and for the “give, share, serve” approach to the communities where they operate. from partnering with schools to serving with existing community programs, sandridge employees are aware of the needs within their neighborhoods and enjoy using their time, talents and resources to meet those needs in practical ways.