Quarterly ResultMay 7, 2026, 04:41 PM
SandRidge Q1 Net Income $18.67M, EPS $0.51; Revenue $49.78M
AI Summary
SandRidge Energy reported a strong first quarter for 2026, with net income increasing 43.1% year-over-year to $18.67 million and diluted EPS rising to $0.50. Total revenues grew 16.8% to $49.78 million, primarily driven by higher oil and natural gas sales. The company's derivative contracts shifted to a net liability position, and no shares were repurchased during the quarter, contrasting with the prior year.
Key Highlights
- Net income for Q1 2026 increased 43.1% to $18.67 million.
- Diluted EPS for Q1 2026 rose 42.9% to $0.50.
- Total revenues grew 16.8% to $49.78 million in Q1 2026.
- Oil revenues increased 32.8% to $25.07 million.
- Natural gas revenues rose 23.3% to $15.62 million.
- Net cash provided by operating activities was $19.76 million.
- No common stock was repurchased in Q1 2026, compared to $5.1 million in Q1 2025.
- Derivative contracts shifted from a $2.77 million asset to a $(0.88) million net liability.
Price Impact
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