10-K · March 5, 2026
SandRidge (SD) reports stronger 2025 operational and liquidity metrics: proved reserves rose to 69.1 MMBoe and PV-10 increased to $439.6M, while production rose to 6,768 MBoe and consolidated revenues increased to…
Earnings analysis · 10-Q
SD earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
SandRidge Energy, Inc. (SD) exceeded analyst expectations for Q1 2026, reporting revenues of $49.8 million and EPS of $0.58, boosted by a surge in oil production. Despite achieving a 17% year-over-year revenue increase,…
Read full summary
SandRidge Energy, Inc. (SD) exceeded analyst expectations for Q1 2026, reporting revenues of $49.8 million and EPS of $0.58, boosted by a surge in oil production. Despite achieving a 17% year-over-year revenue increase, the company experienced negative cash flow impacts and did not issue forward-looking guidance.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.58
- Gross margin
- 34.5%
- Segment
- Oil
- Segment
- Natural Gas
- Segment
- NGL
What stood out
-
Revenue Growth Surpassed Expectations
Actual revenue reached $49.8 million, above estimates of $44.7 million, reflecting a 17% increase from $42.6 million in Q1 2025.
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Strong EPS Performance
EPS was reported at $0.58, exceeding the estimated $0.41 by 42%, and an increase from $0.35 in the same quarter last year.
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Significant Oil Production Increase
Oil production increased by 83 MBbls to 353 MBbls in Q1 2026, contributing to higher revenue growth.
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Improved Gross Margin
Gross margin improved, marking an increase from previous quarters at 34.5% in Q1 2025 to a stable level this quarter.
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Cash Reserves Healthy
The company reported cash and cash equivalents of $104.1 million, ensuring adequate liquidity.
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Dividend Increases
Quarterly dividend raised by 8% to $0.13, in addition to a one-time dividend of $0.20.
What to watch
-
Negative Free Cash Flow
Free cash flow was reported at -$3.8 million due to heavy capital expenditures.
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Rising Operating Costs
Total operating expenses rose to $25.3 million, an increase from $24.0 million in Q1 2025.
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Commodity Price Risk Remains
Commodity price fluctuations could significantly impact revenues, given the historical volatility in oil and natural gas prices.
Management's outlook
No forward guidance was provided in this filing.
Earlier filings 4
10-Q · August 7, 2025
SandRidge reported Q2 revenue of $34.531M, up 32.9% from $25.977M a year ago, with operating income rising to $18.534M (vs. $6.220M) and diluted EPS improving to $0.53 (vs. $0.24). The company generated strong cash from…
10-Q · May 8, 2024
SandRidge reported Q1 2024 revenue of $30.283M (down from $43.147M a year ago) and net income of $11.125M ($0.30 diluted). Operating cash flow was $15.681M and the company generated approximately $14.557M of free cash…
10-K · March 7, 2024
SandRidge (SD) is a Mid‑Continent focused independent oil & gas producer prioritizing cash generation, disciplined capital allocation and opportunistic acquisitions while seeking to use NOLs to minimize taxes. The 2023…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.