SANDRIDGE ENERGY INC
Business
SandRidge Energy is an independent oil and natural gas company engaged in the acquisition, development, and production of crude oil, natural gas, and natural gas liquids primarily in the U.S. Mid-Continent. The company operates 1,446 gross producing wells with proved reserves of 69.1 MMBoe across the Mississippian Lime, Meramec, and Cherokee formations in Oklahoma, Kansas, and Texas. SandRidge markets its production through various purchasers in competitive commodity markets and maintains compliance with extensive federal, state, and local environmental, safety, and operational regulations.
Summary from 10-K filed 2026-03-05
Financials
Consolidated Statement of Income
| Concept | Trend | 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
| Concept | Trend | 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
| Concept | Trend | 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
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is SANDRIDGE ENERGY INC's CIK number?
SANDRIDGE ENERGY INC's SEC CIK number is 0001349436 (1349436). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find SANDRIDGE ENERGY INC's SEC filings?
All of SANDRIDGE ENERGY INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did SANDRIDGE ENERGY INC last report earnings?
SANDRIDGE ENERGY INC (SD) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-031401). This is SANDRIDGE ENERGY INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is SANDRIDGE ENERGY INC's most recent earnings 8-K?
SANDRIDGE ENERGY INC's latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001628280-26-031401. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
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