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) maintains an active presence in U.S. hydrocarbon exploration with focused operations across the Mid-Continent region. This news hub provides investors and industry observers with essential updates about the company's strategic initiatives and operational developments.
Access consolidated coverage of SD's official communications including quarterly results, asset acquisitions, and technology implementations. Our repository features verified updates on drilling advancements, partnership agreements, and community engagement programs aligned with the company's operational philosophy.
Key content categories include earnings announcements, joint venture details, production capacity updates, and leadership communications. Each update is curated to reflect SD's commitment to efficient resource development and stakeholder transparency.
Bookmark this page for streamlined access to Sandridge Energy's evolving story. Combine regular monitoring with our historical archive to analyze trends in one of the energy sector's most focused operators.
SandRidge Permian Trust (OTC: PERS) announced a final distribution of approximately $2.5 million, equating to $0.047 per unit. This payment will be distributed to unitholders of record as of December 13, 2021, with disbursement expected by December 20, 2021. Following this payment, the Trust's units will be cancelled, and the winding-up process will be initiated, anticipated to conclude by year-end. The Trust's cash reserves stood at $3.3 million post-August 2021, with distributable income calculated at approximately $2.47 million, subject to distributions based on production revenues and administrative costs.
SandRidge Energy (NYSE: SD) announced its participation in the Capital One Securities 16th Annual Energy Conference, taking place virtually from December 6-8, 2021. Presentation materials will be available on the Company’s website. SandRidge is an independent oil and gas company primarily operating in the Mid-Continent region of Oklahoma and Kansas. For more information, visit www.sandridgeenergy.com.
SandRidge Energy, Inc. (NYSE: SD) has released an updated investor presentation available on its website. The presentation highlights the company’s ongoing engagement in oil and gas development and acquisition, primarily in Oklahoma and Kansas. This update comes as part of SandRidge's efforts to provide shareholders with current insights into its operations and strategic direction.
SandRidge Energy reported a strong third quarter for 2021, showing a net cash increase of $28.4 million to $99.0 million, with no debt obligations. The company achieved a net income of $28.6 million ($0.78 per share), up from $16.3 million ($0.45 per share) in the prior quarter. Production averaged 18.7 MBoed, slightly down from 19.0 MBoed, but realized prices for oil, natural gas, and NGLs increased significantly. SandRidge is also investing in Carbon Capture initiatives and has successfully returned over 100 wells to production, emphasizing its commitment to shareholder capital protection.
SandRidge Energy, Inc. (NYSE: SD) will release its third quarter 2021 operational and financial results on November 9, 2021, after market close. A conference call is set for November 10, 2021, at 10:00 a.m. CT to discuss these results and operational highlights. The call will be accessible via a prior registration and will also be available as a live audio webcast on the company's website, which will be archived for 30 days for replay. The company focuses on developing and acquiring oil and gas properties primarily in Oklahoma and Kansas.
Tellurian Inc. has appointed James D. Bennett as an independent Board member. Bennett, a veteran in the energy and financial sectors, has over 30 years of experience, including his role as former President and CEO of SandRidge Energy (NYSE: SD). Executive Chairman Charif Souki stated that Bennett's expertise will strengthen the board as Tellurian focuses on enhancing its Haynesville upstream position. The company aims to develop a low-cost, global natural gas business, with projects including a significant LNG export facility.
SandRidge Energy, Inc. (SD) announced its Q2 2021 results, reporting a net income of $16.3 million, equating to $0.45 per share. The company’s net cash increased to $70.6 million, while total cash and cash equivalents reached $90.6 million. A share repurchase program was initiated, allowing up to $25 million in stock buybacks starting August 16, 2021, aimed at returning value to shareholders. Production rose to 19.0 MBoed, a notable increase from the previous quarter, despite no new drilling activity. The company also acquired overriding royalty interests for $3.6 million.
SandRidge Energy, Inc. (NYSE: SD) will announce its second quarter 2021 operational and financial results after market close on August 10, 2021. An updated investor presentation will also be available on the company’s website. A conference call to discuss the results is scheduled for August 11, 2021, at 10:00 a.m. Central Time, accessible through online registration. Participants can also listen to a live audio webcast on the company’s website, which will be archived for 30 days.
SandRidge Energy (NYSE: SD) announced the resignation of CEO Carl Giesler, effective July 16, 2021, who is leaving for another career opportunity without disagreements. The Board appointed Grayson Pranin, the current COO, as the new CEO, highlighting his past contributions to right-sizing the company's cost structure and maximizing cash flow. Jonathan Frates, Chairman, expressed gratitude for Giesler's leadership during a challenging period and voiced confidence in Pranin's capabilities to steer the company forward.
SandRidge Energy reported Q1 2021 financial results showing significant improvements in net cash and adjusted EBITDA. Net cash rose by $48.2 million to $56.5 million, driven by the $47 million sale of North Park Basin. Adjusted EBITDA increased to $21.7 million from $9.1 million, reflecting higher commodity prices. However, total production dropped to 18.2 MBoed from 21.1 MBoed. Net income reached $35.0 million, equating to $0.97 per share, while adjusted net income was $17.4 million, or $0.48 per share. Operating cash flow was reported at $19.6 million.
FAQ
What is the current stock price of Sandridge Energy (SD)?
What is the market cap of Sandridge Energy (SD)?
