SANDRIDGE ENERGY INC

Listed Company

SDCIK 0001349436NYSEAcceleratedCrude Petroleum & Natural GasDelawareFY ends Dec 31

Period

FY 2025

Revenue

$156.36M

Net Income

$70.20M

Total Assets

$644.02M

Equity

$510.87M

Shares Out

36.83M

Op. Cash Flow

$100.14M

Business

SANDRIDGE ENERGY INC is an independent oil and natural gas company that acquires, develops and produces hydrocarbon resources with a primary focus on the U.S. Mid‑Continent. It offers crude oil, natural gas and natural gas liquids (NGLs) production, processing and marketing services, including leasehold and well operations, reserve estimation and related operational support. Its principal business activities are organized around production, development and acquisition operations, reserve engineering and marketing functions. The company’s operations and sales are concentrated in the Mid‑Continent region, principally Oklahoma, Kansas and Texas, and its products are sold to oil and gas companies and energy marketing and trading firms.

Summary from filing dated 2025-03-11

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenues	156	125	149	254	169
Lease operating expenses	36	40	42	41	36
Production, ad valorem, and other taxes	10	7	11	16	10
Depreciation and depletionoil and natural gas	36	26	16	12	9
Depreciation and amortizationother	6	7	7	6	6
General and administrative	13	12	11	9	10
Restructuring expenses	1	474,000	406,000	382,000	792,000
Employee termination benefits	0	0	19,000	0	49,000
(Gain) loss on derivative contracts	−8	−748,000	−1	−6	2
Other operating (income) expense	0	1	−157,000	−99,000	−382,000
Total expenses	95	92	84	79	55
Income (loss) from operations	61	33	64	175	114
Interest income (expense), net	4	8	11	2	—
Other income (expense), net	31,000	−216,000	87,000	378,000	3
Total other income (expense)	4	8	11	2	3
Income (loss) before income taxes	65	41	75	178	117
Income tax (benefit)	−6	−22	14	−65	0
Net income (loss)	70	63	61	242	117
Basic (in dollars per share)	1.91	1.7	1.65	6.59	3.21
Diluted (in dollars per share)	1.9	1.69	1.64	6.52	3.13
Basic (in shares)	37	37	37	37	36
Diluted (in shares)	37	37	37	37	37

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	111	98	252	256	137
Restricted cash	1	1	2	2	2
Accounts receivable, net	26	24	22	35	22
Derivative contracts	3	114,000	0	4	0
Prepaid expenses	748,000	3	430,000	523,000	626,000
Other current assets	6	780,000	1	8	80,000
Total current assets	148	128	278	305	162
Proved	1,760	1,690	1,539	1,508	1,454
Unproved	28	24	11	12	12
Less: accumulated depreciation, depletion and impairment	−1,447	−1,415	−1,394	−1,381	−1,373
Net oil and natural gas properties capitalized costs	341	298	156	139	93
Other property, plant and equipment, net	76	81	86	92	—
Derivative contracts	0	86,000	0	—	—
Other assets	2	2	3	190,000	332,000
Deferred tax assets, net of valuation allowance	78	73	51	65	0
Total assets	644	582	574	600	353
Accounts payable and accrued expenses	59	51	39	46	46
Asset retirement obligations	8	9	10	16	18
Other current liabilities	905,000	839,000	645,000	870,000	627,000
Total current liabilities	68	61	49	63	64
Asset retirement obligations	64	59	55	48	42
Other long-term obligations	817,000	936,000	2	2	2
Total liabilities	133	121	106	113	108
Commitments and contingencies	—	—	—	—	—
Common stock, $0.001 par value; 250,000 shares authorized; 36,825 issued and outstanding at December 31, 2025 and 37,203 issued and outstanding at December 31, 2024	37,000	37,000	37,000	37,000	37,000
Additional paid-in capital	981	1,000	1,071	1,152	1,063
Accumulated deficit	−470	−540	−603	−664	−906
Total stockholders equity	511	461	468	488	245
Total liabilities and stockholders equity	644	582	574	600	353

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation, depletion and amortization	43	32	22	18	15
Deferred income taxes	−6	−22	14	−65	0
Settlement gains (losses) on derivative contracts	5	548,000	6	2	−2
Stock-based compensation	3	2	2	2	1
Other	412,000	2	159,000	153,000	144,000
Receivables	−3	−842,000	12	−13	841,000
Prepaid expenses	3	−3	93,000	−2	2
Other current assets	−5	375,000	2	−5	0
Other assets and liabilities, net	304,000	−2	−56,000	−129,000	−1
Accounts payable and accrued expenses	−1	3	−1	−5	−2
Asset retirement obligations	−998,000	−875,000	−909,000	−3	−2
Net cash provided by operating activities	100	74	116	165	110
Capital expenditures for property, plant and equipment	−59	−26	−26	−44	−12
Acquisitions of assets	−9	−130	−11	−1	−4
Purchase of other property and equipment	−562,000	−1,000	−29,000	−49,000	−59,000
Sales tax refund on capitalized predecessor completion costs	3	0	0	—	—
Proceeds from sale of assets	876,000	1	1	448,000	38
Net used in investing activities	−64	−155	−36	−45	23
Dividends paid to stockholders	−16	−72	−82	0	0
Reduction of financing lease liability	−738,000	−708,000	−588,000	−541,000	−1
Proceeds from exercise of stock options	0	0	94,000	77,000	23,000
Tax withholdings paid in exchange for shares withheld on employee vested stock awards	−290,000	−393,000	−929,000	−1	−899,000
Common stock repurchases	−6	−233,000	0	0	—
Net cash used in financing activities	−23	−74	−83	−2	−22
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS and RESTRICTED CASH	13	−154	−4	118	—

Filings

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