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SandRidge Q1 2025 Earnings Report
SandRidge Energy, Inc. announced its financial and operating results for the three months ended March 31, 2025, and declared a $0.11 per share cash dividend.
Key Takeaways
SandRidge Energy, Inc. reported a net income of $13.0 million and adjusted net income of $14.5 million for Q1 2025. The company's total revenues increased to $42.6 million, driven by a 17% increase in production and improved commodity price realizations. Adjusted EBITDA reached $25.5 million, reflecting strong operational performance.
Declared a cash dividend of $0.11 per share payable on June 2, 2025.
Repurchased $5.0 million of Company stock in the first quarter.
Production averaged 17.9 MBoe per day, a 17% increase from Q1 2024.
Successfully drilled the first well of SandRidge's operated 1-rig Cherokee drilling program.
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SandRidge Revenue by Segment
Revenue by Segment
Oil Revenue
CapyFin.comNatural Gas Revenue
CapyFin.comNGL Revenue
CapyFin.com Forward Guidance
SandRidge remains committed to growing its asset base through high-return, organic growth projects, including a one-rig development in the Cherokee Shale Play, production optimization, and a leasing program to bolster future development. The company will continue to monitor commodity prices and project results to adjust its capital activity.
Positive Outlook
- Commitment to high-return, organic growth projects.
- Ongoing production optimization program through artificial lift conversions and high-graded recompletions.
- Leasing program to bolster future development and extend development in Cherokee assets.
- Approximately 95% of leaseholds held by production, ensuring cost-effective development options.
- Vigilance in evaluating further merger and acquisition opportunities.
Challenges Ahead
- Potential curtailment of capital activity and wells if commodity prices decline.
- Impacts of tariffs and other factors could influence returns and cash flows.
- Need to monitor forward-looking commodity prices and project results.
- Adjustments to the program may be necessary based on market conditions.
- External factors beyond control, such as credit conditions and regulatory changes, could affect performance.