Quarterly ResultAug 5, 2026, 05:29 PM
SandRidge Energy Q2 Net Income $26.7M; Production +11%
AI Summary
SandRidge Energy announced strong financial and operational results for Q2 2026, with net income rising to $26.7 million ($0.72 per share) and total revenues increasing by 48% year-over-year. Production grew 11% to 19.7 MBoe per day, driven by new development programs and higher commodity prices. The company's Board also declared a quarterly dividend of $0.13 per share, with an option for stockholders to receive it in cash or additional shares through a Dividend Reinvestment Plan.
Key Highlights
- Q2 2026 net income of $26.7 million, up from $19.6 million in Q2 2025.
- Q2 2026 net income per share of $0.72, compared to $0.53 in Q2 2025.
- Q2 2026 production averaged 19.7 MBoe per day, an 11% increase YoY.
- Total revenues increased 48% in Q2 2026 versus the same period in 2025.
- Adjusted EBITDA for Q2 2026 was $34.0 million, up from $22.8 million YoY.
- Board declared a dividend of $0.13 per share, payable August 31, 2026.
- Company had $114.7 million in cash and cash equivalents as of June 30, 2026.
- $68.3 million remained in share repurchase authorization as of June 30, 2026.
Price Impact
More from SD