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SandRidge Q4 2024 Earnings Report
SandRidge Energy, Inc. announced its financial and operational results for the fourth quarter and fiscal year ended December 31, 2024, declared a $0.11 per share cash dividend, and provided 2025 guidance.
Key Takeaways
SandRidge Energy, Inc. reported a net income of $17.583 million for Q4 2024, with an EPS of $0.47. Production increased by 19% on a Boe basis compared to Q4 2023, reaching 19.1 MBoe per day. The company also declared a cash dividend of $0.11 per share.
Net income for Q4 2024 was $17.583 million, with an EPS of $0.47.
Production averaged 19.1 MBoe per day in Q4 2024, a 19% increase from Q4 2023.
The Board declared a cash dividend of $0.11 per share payable on March 31, 2025.
The Company successfully completed and initiated production from its first operated wells in the Cherokee play in 2024.
SandRidge
SandRidge
SandRidge Revenue by Segment
Revenue by Segment
Oil Revenue
CapyFin.comNatural Gas Revenue
CapyFin.comNGL Revenue
CapyFin.com Forward Guidance
For 2025, SandRidge Energy, Inc. plans a 1-rig Cherokee Shale development, drilling eight and completing six new SandRidge-operated wells. Total capital expenditures are projected to be between $66 million and $85 million.
Positive Outlook
- Planned 1-rig Cherokee Shale development for 2025, including drilling eight and completing six new SandRidge-operated wells.
- Continued focus on growing asset base value through high-return, organic growth projects.
- Production Optimization program through artificial lift conversions to more efficient and cost-effective systems.
- Leasing program to bolster future development and extend development in Cherokee assets.
- Commitment to maintaining a strong balance sheet and capital return program.
Challenges Ahead
- Future results are subject to volatility of oil and natural gas prices.
- Uncertainty regarding the Company's ability to execute, integrate, and realize benefits of acquisitions.
- Risks associated with discovering, estimating, developing, and replacing oil and natural gas reserves.
- Potential impacts from changes in economic conditions and regulatory changes.
- The amount and timing of future development costs could influence returns and capital allocations.