SANDRIDGE ENERGY INC Earnings Per Share Disclosure
Net Income (loss) | Weighted Average Shares | Earnings (Loss) Per Share | |||||||||||||||
| (In thousands, except per share amounts) | |||||||||||||||||
| Year Ended December 31, 2024 | |||||||||||||||||
| Basic earnings per share | $ | 62,986 | 37,106 | $ | 1.70 | ||||||||||||
| Effect of dilutive securities | |||||||||||||||||
| Restricted stock awards (1) | — | 28 | |||||||||||||||
| Restricted share units (1) | — | 32 | |||||||||||||||
| Performance share units (1) | — | 11 | |||||||||||||||
| Stock options (1) | — | 11 | |||||||||||||||
| Diluted earnings per share | $ | 62,986 | 37,188 | $ | 1.69 | ||||||||||||
| Year Ended December 31, 2023 | |||||||||||||||||
| Basic earnings per share | $ | 60,857 | 36,939 | $ | 1.65 | ||||||||||||
| Effect of dilutive securities | |||||||||||||||||
| Restricted stock awards (1) | — | 19 | |||||||||||||||
| Restricted share units (1) | — | 120 | |||||||||||||||
| Performance share units (1) | — | 13 | |||||||||||||||
| Stock options (1) | — | 43 | |||||||||||||||
| Diluted earnings per share | $ | 60,857 | 37,134 | $ | 1.64 | ||||||||||||
| Year Ended December 31, 2022 | |||||||||||||||||
| Basic earnings per share | $ | 242,168 | 36,745 | $ | 6.59 | ||||||||||||
| Effect of dilutive securities | |||||||||||||||||
| Restricted stock awards (1) | — | 20 | |||||||||||||||
| Restricted share units (1) | — | 285 | |||||||||||||||
| Performance share units (1) | — | 20 | |||||||||||||||
| Stock options (1) | — | 84 | |||||||||||||||
| Diluted earnings per share | $ | 242,168 | 37,154 | $ | 6.52 | ||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2024 | Mar 11, 2025 | Showing above |
| 2019 | Feb 27, 2020 | |
| 2015 | Mar 30, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.