DividendNov 4, 2026, 05:17 PM
SandRidge Energy Declares $0.13 Dividend; Q3 Net Income $30.6M
AI Summary
SandRidge Energy announced its financial and operational results for the third quarter and nine months ended September 30, 2026. The company declared a dividend of $0.13 per share, payable on November 30, 2026. Key highlights include a 10% increase in production to 20.9 MBoe per day and a 37% rise in total revenues compared to the prior year's third quarter. The company also reported net income of $30.6 million ($0.83 per basic share) and completed seven wells as part of its development program, alongside acquiring new assets.
Key Highlights
- SandRidge Energy declared a dividend of $0.13 per share, payable November 30, 2026.
- Third quarter net income was $30.6 million, or $0.83 per basic share.
- Adjusted net income for Q3 2026 was $23.8 million, or $0.64 per basic share.
- Adjusted EBITDA for Q3 2026 was $39.3 million.
- Production averaged 20.9 MBoe per day in Q3 2026, a 10% increase YoY.
- Total revenues increased 37% in Q3 2026 compared to Q3 2025.
- Company completed seven gross wells in the first nine months of 2026.
- Acquired ~7,000 net leasehold acres in the Cherokee Play during Q3 2026.
Price Impact
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