SandRidge Energy Inc
NYSE:SD
If you don’t study any companies, you have the same success buying stocks as you do in a poker game if you bet without looking at your cards.
Utilize notes to systematically review your investment decisions. By reflecting on past outcomes, you can discern effective strategies and identify those that underperformed. This continuous feedback loop enables you to adapt and refine your approach, optimizing for future success.
Each note serves as a learning point, offering insights into your decision-making processes. Over time, you'll accumulate a personalized database of knowledge, enhancing your ability to make informed decisions quickly and effectively.
With a comprehensive record of your investment history at your fingertips, you can compare current opportunities against past experiences. This not only bolsters your confidence but also ensures that each decision is grounded in a well-documented rationale.
Do you really want to delete this note?
This action cannot be undone.
This alert will be permanently deleted.
SandRidge Energy Inc
SandRidge Energy, Inc. engages in the exploration, development, and production of oil and natural gas. The company is headquartered in Oklahoma City, Oklahoma and currently employs 101 full-time employees. The company went IPO on 2007-11-08. The Company’s primary areas of operation are the Mid-Continent in Oklahoma and Kansas. The firm holds interests in over 1,442 gross producing wells, approximately 947 of which it operates, and approximately 551,000 gross total acres under lease located primarily in Oklahoma and Kansas. Its productive wells consist of wells that are producing hydrocarbons. The firm sells its oil, natural gas and natural gas liquids (NGLs) to a range of customers, including oil and natural gas companies and trading and energy marketing companies. The Company’s subsidiaries include Lariat Services, Inc., SandRidge Exploration and Production, LLC, SandRidge Holdings, Inc., SandRidge Midstream, Inc., SandRidge Operating Company and SandRidge Realty, LLC.
SandRidge Energy, Inc. engages in the exploration, development, and production of oil and natural gas. The company is headquartered in Oklahoma City, Oklahoma and currently employs 101 full-time employees. The company went IPO on 2007-11-08. The Company’s primary areas of operation are the Mid-Continent in Oklahoma and Kansas. The firm holds interests in over 1,442 gross producing wells, approximately 947 of which it operates, and approximately 551,000 gross total acres under lease located primarily in Oklahoma and Kansas. Its productive wells consist of wells that are producing hydrocarbons. The firm sells its oil, natural gas and natural gas liquids (NGLs) to a range of customers, including oil and natural gas companies and trading and energy marketing companies. The Company’s subsidiaries include Lariat Services, Inc., SandRidge Exploration and Production, LLC, SandRidge Holdings, Inc., SandRidge Midstream, Inc., SandRidge Operating Company and SandRidge Realty, LLC.
Production Growth: Third quarter production averaged 19 MBoe per day, up 12% overall and 49% on oil versus last year.
Revenue & EBITDA: Revenue rose 32% to $40 million and adjusted EBITDA grew 54% to $27.3 million year-over-year.
Strong Balance Sheet: SandRidge ended the quarter with $103 million in cash and no debt, funding all capital returns and investments from operations.
Capital Program: The company executed a robust drilling program in Cherokee, with strong well performance and continued focus on cost discipline.
Shareholder Returns: $4.4 million in dividends paid in the quarter, $4.48 per share since early 2023, and active share repurchases ongoing.
Guidance & Outlook: Plans to drill 8 Cherokee wells in 2025 with $66–85 million in capital spend, funded by cash flow and cash on hand.
Operational Efficiency: Adjusted G&A remained low at $2.1 million for the quarter, with the company operating with just over 100 personnel.
M&A Appetite: Management remains open to accretive M&A, especially where operational synergies exist, but remains disciplined and focused on shareholder value.
