| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 49.78 | 16.9% |
| Total Income | 49.78 | 16.9% |
| Expenditure | 31.92 | 4.9% |
| PBT | 18.67 | 43.1% |
| Net Profit | 18.67 | 43.1% |
| OPM | 35.87% | 7.26pp |
| NPM | 37.51% | 6.88pp |
| EPS | 0.51 | 45.7% |
SandRidge Energy Reports Q1 2026 Results
07 May 2026 · 7 May, 2:31 am
Summary
SandRidge Energy, Inc. announced its financial and operational results for the three-month period ended March 31, 2026. The Board increased its quarterly dividend program by 8% to $0.13 per share and declared a one-time dividend of $0.20 per share. Production averaged 18.6 MBoe per day, a 4% increase compared to Q1 2025, with oil production up by 31%. The company reported a first quarter net income of $18.7 million, or $0.51 per basic share, and an adjusted EBITDA of $33.7 million.
Key Highlights
- 1
SandRidge Energy's Board increased its on-going quarterly dividend program by 8% to $0.13 per share.
- 2
The company held $104.1 million in cash and cash equivalents as of March 31, 2026.
- 3
First quarter production averaged 18.6 MBoe per day, a 4% increase versus the same period in 2025.
- 4
Oil production increased 31% during the quarter versus the same period in 2025.
- 5
Total revenues increased 17% during the quarter versus the same period in 2025.
- 6
First quarter net income was $18.7 million, or $0.51 per basic share.
- 7
Adjusted EBITDA was $33.7 million for the three-month period ended March 31, 2026.
Management Comments
Grayson Pranin
The SandRidge team delivered another strong quarter, to include bringing on two new operated wells which benefited oil production during the period. I’m proud of our team that continues to execute, while maintaining a low G&A burden, and more importantly, continues to build upon the Company’s record of more than four years without a recordable safety incident.
Informational and educational content only. Not investment advice.