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.
SandRidge Energy, Inc. (NYSE: SD) is an independent oil and gas company active in the crude petroleum and natural gas extraction industry, with a primary focus on the Mid-Continent region in Oklahoma, Texas and Kansas. The news flow around SandRidge centers on its production, development and acquisition of oil and gas properties and the performance of its Mid-Continent asset base.
News updates for SandRidge commonly include quarterly financial and operational results, where the company reports oil, natural gas and NGL production volumes, realized prices, operating costs and cash flow measures. These releases often discuss the impact of its one-rig development program in the Cherokee Shale Play, production optimization efforts and the performance of newly turned-to-sales wells.
Another recurring theme in SandRidge news is its capital return program. The company issues announcements on quarterly cash dividends, references prior special dividends, and provides details on its Dividend Reinvestment Plan, which allows eligible shareholders to reinvest dividends into additional shares. SandRidge also reports on share repurchases under its authorized program.
Investors following SD news will also see Form 8-K summaries and press releases covering dividend declarations, DRIP enrollment information, and corporate governance developments such as changes to the board of directors. In addition, the company regularly announces the dates and access details for its conference calls and webcasts, where management reviews recent results and operational highlights.
For those tracking SandRidge, this news page provides a consolidated view of these updates, from operational performance in the Mid-Continent region to dividend decisions and other material company communications.
SandRidge Energy (NYSE: SD) reported financial results for Q4 and FY 2024, highlighting strong operational performance and shareholder returns. Production averaged 19.1 MBoe per day in Q4, marking a 19% increase year-over-year, with oil production up 28%.
The company generated net income of $63.0 million ($1.70 per basic share) and adjusted EBITDA of $69.5 million in 2024. Proved reserves increased from 55.7 MMBoe to 63.1 MMBoe by year-end 2024.
Key developments include:
- Declaration of $0.11 per share dividend payable March 31, 2025
- Paid $16.4 million in regular dividends and $55.9 million special dividend in 2024
- Maintained strong balance sheet with $99.5 million cash position
- Completed two Cherokee Play acquisitions totaling $127.6 million
- Announced 2025 guidance including 1-rig Cherokee Shale development plan
SandRidge Energy (NYSE: SD) has announced it will release its fourth quarter and full year 2024 operational and financial results after market close on March 10, 2025. The company will host a conference call to discuss these results on March 11, 2025 at 1:00 p.m. Central Time.
Interested participants can register for the conference call online to receive dial-in information and a conference ID. Additionally, a live audio webcast will be available on the company's investor relations website and archived for at least 30 days.
SandRidge Energy is an independent oil and gas company focused on production, development, and acquisition of oil and gas properties, primarily operating in the Mid-Continent and Western Anadarko regions across Oklahoma, Texas, and Kansas.
SandRidge Energy (NYSE: SD) reported Q3 2024 financial results with net income of $25.5 million ($0.69 per basic share) and adjusted EBITDA of $17.7 million. The company closed its Western Anadarko Basin acquisition for $123.8 million, including 44 producing wells and 4 DUC wells. September production averaged ~19 MBoe/d, representing a 27% increase from Q2. The company maintains strong liquidity with $94.1 million in cash and declared a $0.11 per share dividend. Free cash flow generation was $34.4 million for the nine months ended September 30, with a 76% conversion rate relative to adjusted EBITDA.
SandRidge Energy (NYSE: SD) has announced it will release its third quarter 2024 operational and financial results after market close on Wednesday, November 6, 2024. The company will host a conference call on Thursday, November 7, 2024 at 1:00 p.m. Central Time to discuss the results. The call will be accessible through online registration, and a live audio webcast will be available on the company's website. The webcast will remain archived for 30 days for replay access.
SandRidge Energy (NYSE: SD) has announced significant changes to its Board and Management. Vincent Intrieri has been appointed as Chairman of the Board, effective October 1, 2024. Intrieri, the Founder and CEO of VDA Capital Management , brings extensive experience from his previous roles with Carl C. Icahn-related entities and various board positions.
Jonathan Frates will transition from his role as Chairman of the Board to become Executive Vice President and Chief Financial Officer, effective October 21, 2024. Frates has a background in investment management and has served on multiple boards.
Brandon Brown, Sr. will assume the role of Senior Vice President, Chief Accounting Officer. These changes aim to strengthen SandRidge's leadership team and position the company to execute its strategy, particularly following its recent Anadarko Basin acquisition.
SandRidge Energy (NYSE: SD) has closed its $144 million acquisition of producing assets and leasehold interests in the Cherokee play of the Western Anadarko Basin. The company has updated its full-year 2024 guidance, incorporating contributions from the new assets. Key highlights include:
- Increased total production guidance to 5.4 - 6.4 MMBoe
- Total capital expenditures raised to $33 - $39 million
- Drilling & Completions capex of $17 - $20 million
- Plans to complete 4 DUC wells and initiate drilling of up to 3 new wells
The acquisition is expected to benefit production and revenue from September through December 2024, with additional benefits in 2025 and beyond. SandRidge funded the transaction with cash on hand and has made an investor presentation available on its website.
SandRidge Energy (NYSE: SD) announced financial results for Q2 2024 and declared a $0.11 per share cash dividend. Key highlights include:
- Net income of $8.8 million ($0.24 per basic share)
- Adjusted EBITDA of $12.9 million
- $211.3 million in cash and cash equivalents
- Generated $23.5 million of free cash flow in H1 2024
- Entered agreement to acquire Cherokee play assets for $144 million
Production decreased compared to Q2 2023, but realized oil prices improved. The company remains focused on optimizing its low-decline production base and evaluating high-return projects. SandRidge continues its dividend program and is funding the Cherokee acquisition with cash on hand.
SandRidge Energy, Inc. (NYSE: SD) has announced plans to release its second quarter 2024 operational and financial results after the close of trading on Wednesday, August 7, 2024. The company will host a conference call on Thursday, August 8, 2024 at 1:00 p.m. Central Time to review the results and operational highlights. Interested parties can register for the call online in advance to receive dial-in information and a conference ID. A live audio webcast will also be available on the company's website and archived for 30 days. SandRidge Energy is an independent oil and gas company focused on development, acquisition, and production in the Mid-Continent region of Oklahoma and Kansas.
SandRidge Energy (NYSE: SD) has announced a $144 million acquisition of assets in the Western Anadarko Basin's Cherokee play. The deal includes:
- Net production of ~6 MBoed (40% oil) in Ellis and Roger Mills Counties, Oklahoma
- 42 producing wells and 4 drilled uncompleted wells
- Leasehold interest in 11 drilling spacing units, adding inventory of up to 22 two-mile lateral wells
SandRidge also entered a Joint Development Agreement for future development of certain acquired leasehold interests. The acquisition is expected to be immediately accretive to key metrics, including production, EBITDA, and free cash flow. The company plans to fund the transaction with cash on hand, with an anticipated closing in Q3 2024.
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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