| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 51.12 | 2.7% | 48.0% |
| Total Income | 51.12 | 2.7% | 48.0% |
| Expenditure | 25.16 | 21.2% | 57.3% |
| PBT | 26.69 | 43.0% | 36.5% |
| Net Profit | 26.69 | 43.0% | 36.5% |
| OPM | 50.78% | 14.91pp | 2.89pp |
| NPM | 52.22% | 14.71pp | 4.42pp |
| EPS | 0.72 | 41.2% | 35.9% |
SandRidge Energy Announces Q2 2026 Results and Declares Dividend
06 Aug 2026 · 6 Aug, 2:59 am
Summary
SandRidge Energy announced its financial and operational results for the second quarter ended June 30, 2026. Production increased by 11% year-over-year, reaching 19.7 MBoe per day, while total revenues saw a significant 48% increase compared to the same period in 2025, attributed to new production and higher commodity prices. The company reported a net income of $26.7 million, or $0.72 per basic share, and Adjusted EBITDA of $34.0 million for the quarter. SandRidge ended the quarter with $114.7 million in cash and no outstanding debt, and the Board declared a dividend of $0.13 per share.
Key Highlights
- 1
Production averaged 19.7 MBoe per day during the second quarter, an increase of 11% on a Boe basis versus the same period in 2025.
- 2
Total revenues increased 48% during the second quarter versus the same period in 2025, driven by new production and higher commodity prices.
- 3
Second quarter net income was $26.7 million, or $0.72 per basic share.
- 4
Adjusted EBITDA for the three-month period ended June 30, 2026, was $34.0 million.
- 5
The Company had $114.7 million of cash and cash equivalents as of June 30, 2026, with no outstanding debt obligations.
- 6
The Board declared a dividend of $0.13 per share of the Company's common stock.
Management Comments
Grayson Pranin
The Company increased production over the quarter and the last year, driven by the execution of our one-rig program in the Cherokee Play. In addition, we were excited to announce a meaningful acquisition in the Cherokee and the team is prepared to integrate the new assets into the ongoing program, utilizing our proven expertise in safe and efficient operations in the Mid-Continent. I’m proud that our team continues to build upon the Company’s record of more than four and a half years without a recordable safety incident and will maintain a low G&A burden while integrating new assets into the portfolio.
Informational and educational content only. Not investment advice.