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. reports developments as a U.S. oil and natural gas exploration and production company focused on crude oil, natural gas and natural gas liquids. Company updates center on production volumes, operating costs, development activity and capital spending across Mid-Continent assets, including the Cherokee Shale Play and other Oklahoma and Kansas positions.
Recurring news also covers quarterly and annual financial results, guidance, dividend declarations, the Dividend Reinvestment Plan, share repurchase activity and balance-sheet commentary. Operational releases frequently discuss drilling and completions, wells turned to sales, production optimization and leasing activity tied to the company’s asset base.
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.
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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