Here are the 10-K annual reports from SandRidge Energy, Inc. (SD) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow SD and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SD filings page.
SandRidge Energy, Inc. is an independent oil and natural gas company focused on the U.S. Mid‑Continent, primarily in Oklahoma, Kansas and Texas. As of December 31, 2025, it held interests in 1,446 gross (825 net) producing wells and 574,599 gross (378,537 net) acres, largely in the Mississippian Lime, Meramec and Cherokee formations.
Total proved reserves rose to 69.1 MMBoe from 63.1 MMBoe a year earlier, with 60.3 MMBoe proved developed and 8.8 MMBoe proved undeveloped. NGLs represented about 35.4% of proved reserves. PV‑10 and standardized measure were each $439.6 million, up from $362.7 million.
2025 production was 6,768 MBoe, or 18.5 MBoe/d, with average realized prices of $63.64 per Bbl for oil, $2.10 per Mcf for natural gas, and $16.64 per Bbl for NGLs. Production costs averaged $5.35 per Boe. The company ran one operated rig, drilled seven operated wells and participated in four non‑operated wells, converting 4.7 MMBoe of proved undeveloped reserves to proved developed under its Cherokee play program.
Management emphasizes capital discipline, using net operating loss carryforwards to maximize cash flow, targeting high‑return projects and seeking opportunistic acquisitions while maintaining a planned return of capital program. Key risks highlighted include commodity price volatility, reserve replacement needs, regulatory and environmental compliance, seismicity and water‑management rules, climate‑related policies, and operational and cybersecurity risks.