SandRidge Earnings Reports

SandRidge Energy reported a net income of $25.5 million, or $0.69 per basic share, for the third quarter of 2024. The company's production averaged ~19 MBoe/d in September, reflecting a 27% increase versus 2Q24, and adjusted EBITDA was $17.7 million for the same period. The company closed on its acquisition of certain producing oil and natural gas properties in the Cherokee play of the Western Anadarko Basin.

SandRidge Energy, Inc. reported a net income of $8.8 million, or $0.24 per basic share, and adjusted net income of $6.4 million, or $0.17 per basic share for the second quarter of 2024. The company had $211.3 million in cash and cash equivalents and generated $23.5 million of free cash flow for the six-month period ended June 30, 2024.

SandRidge Energy reported a net income of $11.1 million, or $0.30 per basic share, and generated $14.5 million of free cash flow for the first quarter of 2024. The company's adjusted EBITDA was $14.7 million, and it declared a $0.11 per share cash dividend.