SandRidge Energy Inc. (SD) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.75	$0.57	-24.0%	—	$51.1M	—
Q1 26	$0.41	$0.58	+41.5%	—	$49.8M	—
Q4 25	$0.37	$0.34	-8.1%	—	$39.4M	—
Q3 25	$0.32	$0.42	+31.2%	—	$39.8M	—
Q2 25	$0.29	$0.33	+13.8%	—	$34.5M	—
Q1 25	$0.43	$0.39	-9.3%	—	$42.6M	—
Q4 24	$0.54	$0.34	-37.0%	—	$39M	—
Q3 24	$0.27	$0.19	-29.6%	—	$30.1M	—
Q2 24	$0.28	$0.17	-39.3%	—	$26M	—
Q1 23	—	$0.69	—	—	$43.1M	—
Q4 22	—	$1.02	—	—	$56.1M	—
Q3 22	—	$1.35	—	—	$70.9M	—
Q2 22	—	$1.32	—	—	$69.8M	—
Q1 22	—	$0.94	—	—	$57.5M	—
Q4 21	—	$0.89	—	—	$54.5M	—
Q3 21	—	$0.8	—	—	$46.6M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.91	—	—	$156.4M	—
FY24	—	$1.7	—	—	$125.3M	—
FY23	—	$1.65	—	—	$148.6M	—
FY22	—	$6.59	—	—	$254.3M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$768.7M	$357.3M	$349.4M	$266.8M	$115M	$168.9M	$254.3M	$148.6M	$125.3M	$156.4M
YoY change	0%	-53.5%	-2.21%	-23.6%	-56.9%	+46.9%	+50.6%	-41.5%	-15.7%	+24.8%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	768.7M	357.3M	349.4M	266.8M	115M	168.9M	254.3M	148.6M	125.3M	156.4M
Cost of revenue	695.9M	249.2M	252.5M	268.9M	111.2M	61.4M	75M	74.9M	79.3M	88.9M
Gross profit	72.8M	108.1M	96.9M	-2M	3.8M	107.5M	179.2M	73.7M	46M	67.4M
Gross margin	9.47%	30.3%	27.7%	-0.77%	3.33%	63.7%	70.5%	49.6%	36.7%	43.1%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	137.7M	75.1M	54.3M	32.1M	15.3M	9.7M	9.4M	10.7M	11.7M	13.2M
Operating expenses	190.4M	75.6M	53.3M	31.4M	15.6M	9.3M	9.3M	10.6M	13.1M	13.2M
Operating income	-117.6M	32.5M	43.6M	-33.5M	-11.8M	98.2M	169.9M	63.2M	33M	54.2M
Operating margin	-15.3%	9.11%	12.5%	-12.6%	-10.3%	58.2%	66.8%	42.5%	26.3%	34.7%
Non-operating income, net	-3.9B	9.6M	-50M	-412.8M	-264.5M	18.9M	6M	1.1M	58K	—
Pretax income	-4.3B	38.3M	-9.1M	-449.3M	-278M	116.7M	177.6M	74.8M	40.8M	64.7M
Income tax	123K	-8.7M	-71K	0	-646K	0	-64.5M	14M	-22.2M	-5.5M
Net income	-4.3B	47.1M	-9.1M	-449.3M	-277.4M	116.7M	242.2M	60.9M	63M	70.2M
Net margin	-562.1%	13.2%	-2.6%	-168.4%	-241.2%	69.1%	95.2%	40.9%	50.3%	44.9%
EBITDA	242.3M	167.9M	185.7M	125.5M	43.8M	97.8M	190.1M	96.1M	73.1M	101.3M
EPS	-7.16	1.45	-0.26	-12.7	-7.77	3.21	6.59	1.65	1.7	1.91
Diluted EPS	-7.16	1.44	-0.26	-12.7	-7.77	3.13	6.52	1.64	1.69	1.9

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	38.1M	33.9M	30.3M	26M	30.1M	39M	42.6M	34.5M	39.8M	39.4M	49.8M	51.1M
Cost of revenue	19.3M	18.2M	18.5M	16.6M	20.9M	23.3M	24M	18.6M	24.1M	22.2M	25.3M	25.6M
Gross profit	18.8M	15.8M	11.7M	9.4M	9.2M	15.7M	18.6M	15.9M	15.7M	17.2M	24.5M	25.5M
Gross margin	49.3%	46.5%	38.8%	36.1%	30.6%	40.3%	43.6%	46.1%	39.5%	43.8%	49.3%	49.9%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	2.6M	2.7M	3.3M	3M	2.3M	3M	3.9M	3M	2.7M	3.6M	3M	3.8M
Operating expenses	2.6M	2.7M	3.3M	3.1M	2.3M	4.4M	3.9M	3M	2.7M	3.6M	3M	3.8M
Operating income	16.2M	13M	8.4M	6.3M	6.9M	11.3M	14.7M	12.9M	13M	13.7M	21.5M	21.7M
Operating margin	42.5%	38.5%	27.8%	24.3%	22.9%	29.1%	34.5%	37.3%	32.6%	34.7%	43.2%	42.5%
Non-operating income, net	-11K	-64K	9K	2K	1.6M	-1.6M	-2.5M	5.6M	2.1M	1.6M	-3.7M	4.2M
Pretax income	18.7M	15.8M	11.1M	8.8M	10M	10.8M	13M	19.6M	16M	16.1M	18.7M	26.7M
Income tax	0	14M	0	0	-15.4M	-6.8M	0	0	0	-5.5M	0	0
Net income	18.7M	1.8M	11.1M	8.8M	25.5M	17.6M	13M	19.6M	16M	21.6M	18.7M	26.7M
Net margin	48.9%	5.28%	36.7%	33.9%	84.8%	45.1%	30.6%	56.6%	40.1%	54.9%	37.5%	52.2%
EBITDA	22.1M	30.8M	14.2M	12.4M	15.2M	31.3M	27.3M	17.1M	22M	34.9M	36.6M	29.6M
EPS	0.51	—	0.3	0.24	0.69	—	0.35	0.53	0.44	—	0.51	0.72
Diluted EPS	0.5	—	0.3	0.24	0.69	—	0.35	0.53	0.43	—	0.5	0.72

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	266.8M	150.2M	110.6M	380.7M	625.8M	505M	434.5M	530.6M	504.2M
Enterprise value	—	—	249.1M	203.4M	108.5M	243.4M	370M	252.5M	336.4M	419.6M	401.4M
Shares outstanding	19.6M	32.4M	35.1M	35.4M	35.7M	36.4M	36.7M	36.9M	37.1M	36.8M	36.8M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	—	—	3.26	2.58	8.3	6.9	7.56	6.07
P/S	—	—	0.76	0.56	0.96	2.25	2.46	3.4	3.47	3.39	2.8
P/B	—	—	0.31	0.37	0.86	1.55	1.28	1.08	0.94	1.04	0.95
EV/EBITDA	—	—	1.34	1.62	2.48	2.49	1.95	2.63	4.6	4.14	3.37
EV/Sales	—	—	0.71	0.76	0.94	1.44	1.46	1.7	2.68	2.68	2.23
Earnings yield	—	—	—	—	—	30.7%	38.7%	12.1%	14.5%	13.2%	16.5%
FCF yield	—	—	-15.6%	-46.8%	24.8%	25.9%	19.3%	17.7%	10.9%	7.72%	0.42%
PEG	—	—	—	—	—	—	—	—	—	—	0.17

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	9.47%	30.3%	27.7%	-0.77%	3.33%	63.7%	70.5%	49.6%	36.7%	43.1%	49.9%
Operating margin	-15.3%	9.11%	12.5%	-12.6%	-10.3%	58.2%	66.8%	42.5%	26.3%	34.7%	50.8%
Net margin	-562.1%	13.2%	-2.6%	-168.4%	-241.2%	69.1%	95.2%	40.9%	50.3%	44.9%	46.1%
ROE	-842.4%	5.6%	-1.07%	-111.6%	-216.6%	47.6%	49.6%	13%	13.7%	13.7%	16.2%
ROA	-399.6%	4.2%	-0.89%	-73.9%	-106.3%	33.1%	40.3%	10.6%	10.8%	10.9%	7.14%
ROIC	-16.9%	4.18%	5.25%	-7.35%	-9.38%	90.9%	73.2%	23.8%	9.09%	13.6%	16.3%
Return on tangible assets	-399.6%	4.2%	-0.89%	-73.9%	-106.3%	33.1%	40.3%	10.6%	10.8%	10.9%	12.4%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.2	0.98	0.53	0.44	0.74	2.53	4.82	5.63	2.11	2.17	2.62
Quick ratio	1.2	0.98	0.53	0.44	0.74	2.53	4.82	5.63	2.11	2.17	2.62
Debt / equity	0.6	0.04	—	0.14	0.16	—	—	—	—	—	0
Debt / assets	0.28	0.03	—	0.09	0.08	—	—	—	—	—	—
Net debt / EBITDA	0.76	-0.37	—	0.42	-0.05	—	—	—	—	—	-0.91
Interest coverage	-13.9	9.01	-2.36	-150.1	-157.8	558.1	823.4	720.4	312.1	141	141
Effective tax rate	0%	0%	0%	0%	0%	0%	0%	18.7%	0%	0%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	39.1	11	9.97	7.53	3.22	4.64	6.92	4.02	3.38	4.25	4.9
EPS (basic)	-7.16	1.45	-0.26	-12.7	-7.77	3.21	6.59	1.65	1.7	1.91	1.91
EPS (diluted)	-7.16	1.44	-0.26	-12.7	-7.77	3.13	6.52	1.64	1.69	1.9	2.24
Book value per share	26.1	25.9	24.2	11.4	3.59	6.74	13.3	12.7	12.4	13.9	14.3
FCF per share	-25.8	-1.17	-1.18	-1.99	0.77	2.71	3.28	2.41	1.28	1.11	1.15
Cash per share	6.17	3.06	0.5	0.12	0.62	3.77	6.96	6.83	2.64	3.02	3.06
Capex per share	—	—	—	0	0	0	0	0	0	1.59	2.07

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	—	0%	0%	0.03%	0.02%	0.02%	0%	37.5%	42.6%
Capex / operating cash flow	—	—	—	0%	0%	0.04%	0.03%	0.03%	0%	58.5%	64.3%
Payout ratio	-0.26%	0%	—	—	—	0%	0%	133.9%	114.8%	22.6%	21.9%
Dividend yield	—	—	—	—	—	0%	0%	16.1%	16.6%	2.99%	3.82%

Yield

3.82%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.13

ex-dividend Aug 19, 2026

Payout ratio

22%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 19, 2026	$0.13
May 20, 2026	$0.33
Mar 20, 2026	$0.12
Nov 14, 2025	$0.12
Sep 22, 2025	$0.12
May 19, 2025	$0.11
Mar 20, 2025	$0.11
Nov 15, 2024	$0.11

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$38.1M	$33.9M	$30.3M	$26M	$30.1M	$39M	$42.6M	$34.5M	$39.8M	$39.4M	$49.8M	$51.1M
YoY change	-46.2%	-39.5%	-29.8%	-22.3%	-21.2%	+14.9%	+40.7%	+32.9%	+32.5%	+1.1%	+16.8%	+48%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	121.2M	99.1M	17.7M	4.3M	22.1M	137.3M	255.7M	252.4M	98.1M	111M
Receivables	60.7M	65.4M	44.9M	27.4M	19.2M	22.3M	33.1M	21.9M	25.3M	27.9M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	257.2M	195.1M	73.3M	38.6M	50.8M	161.7M	304.9M	277.9M	127.7M	147.9M
Property, plant & equipment	-150M	-287.2M	-443M	-1B	-1.3B	-1.3B	-1.3B	-1.3B	-1.3B	-1.4B
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—
Total assets	1.1B	1.1B	1B	607.7M	260.8M	352.9M	600.5M	574.2M	581.5M	644M
Accounts payable	65.4M	90.4M	62.7M	29.4M	23M	13.7M	18M	12.9M	19.5M	25.4M
Short-term debt	—	—	—	—	—	—	—	—	—	—
Total current liabilities	213.7M	198.9M	137.2M	88.4M	68.9M	64M	63.3M	49.3M	60.6M	68M
Long-term debt	305.3M	37.5M	—	57.5M	20M	—	—	—	—	—
Total liabilities	568.5M	279.7M	176.6M	205.2M	132.8M	107.6M	112.6M	106.1M	121M	133.2M
Shareholders' equity	512.9M	839.9M	847.7M	402.5M	128.1M	245.3M	487.9M	468.1M	460.5M	510.9M
Total debt	305.3M	37.5M	—	57.5M	20M	—	—	—	—	—
Net debt	184.1M	-61.6M	—	53.2M	-2.1M	—	—	—	—	—

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	230.7M	252.4M	207M	209.9M	92.7M	98.1M	99.7M	102.8M	101.2M	111M	102.7M	113.3M
Receivables	25.7M	21.9M	22.3M	23.3M	28.5M	25.3M	24.9M	23.6M	27.4M	27.9M	30.3M	26.7M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	260.3M	277.9M	234.3M	237.2M	125.6M	127.7M	131M	136.1M	136.6M	147.9M	143M	151.7M
Property, plant & equipment	-1.3B	-1.3B	-1.3B	-1.3B	-1.3B	-1.3B	-1.3B	-1.4B	-1.4B	-1.4B	-1.4B	-1.4B
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	577.1M	574.2M	527.4M	529.6M	565.2M	581.5M	588.3M	602.3M	619M	644M	652.1M	668.1M
Accounts payable	12.6M	12.9M	12.7M	12.1M	14.8M	19.5M	19.6M	20.6M	23.6M	25.4M	19.8M	14.6M
Short-term debt	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	55.2M	49.3M	49.8M	46.2M	58.8M	60.6M	61.5M	59.2M	62.9M	68M	59.5M	57.8M
Long-term debt	—	—	—	—	—	—	—	—	—	—	—	—
Total liabilities	107.6M	106.1M	107.7M	104.8M	118.5M	121M	123.3M	122.1M	126.5M	133.2M	126.2M	125.4M
Shareholders' equity	469.5M	468.1M	419.7M	424.8M	446.8M	460.5M	464.9M	480.2M	492.4M	510.9M	526M	542.7M
Total debt	—	—	—	—	—	—	—	—	—	—	—	—
Net debt	—	—	—	—	—	—	—	—	—	—	—	—

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	-4.3B	47.1M	-9.1M	-449.3M	-277.4M	116.7M	242.2M	60.9M	63M	70.2M
Depreciation & amortization	371.8M	131.9M	139.3M	158.6M	58.1M	15.4M	17.9M	22.2M	32.5M	42.9M
Stock-based compensation	18.4M	15.8M	23.4M	4.3M	3M	1.4M	1.5M	1.9M	2.4M	2.7M
Change in working capital	208.9M	-3.5M	10.3M	10.5M	4.4M	-2.5M	-21.3M	13.4M	-2.8M	-9.2M
Operating cash flow	-3.4B	198.9M	127.4M	-269.2M	-205.1M	131.5M	175.9M	112.5M	74.3M	100.1M
Capital expenditure	—	—	—	0	0	-59K	-49K	-29K	-1K	-58.6M
Investing cash flow	-160.4M	-26.5M	3.6M	1.8M	33.9M	34.6M	-1M	-9.8M	-128.3M	-63.4M
Dividends paid	-11.3M	0	—	—	—	0	0	-81.5M	-72.3M	-15.9M
Share repurchases	-154K	—	—	—	—	—	—	—	-233K	-6.4M
Financing cash flow	920.3M	-8.2M	-43.7M	54.8M	-39M	-22M	-1.7M	-83M	-73.7M	-23.3M
Net change in cash	-2.6B	164.2M	87.3M	-212.6M	-210.2M	144.1M	173.1M	19.6M	-127.7M	13.4M
Free cash flow	-505.7M	-38.1M	-41.5M	-70.4M	27.4M	98.6M	120.6M	89.2M	47.5M	41M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	18.7M	1.8M	11.1M	8.8M	25.5M	17.6M	13M	19.6M	16M	21.6M	18.7M	26.7M
Depreciation & amortization	5.9M	5.9M	5.8M	6M	9.9M	10.8M	10M	9.9M	11M	11.9M	11.4M	12.1M
Stock-based compensation	476K	523K	536K	536K	707K	575K	650K	720K	688K	686K	702K	771K
Change in working capital	—	—	—	—	—	—	—	—	—	—	—	—
Operating cash flow	30.9M	2.4M	17.5M	15.4M	36.4M	23.3M	24M	22.9M	25.3M	31.7M	19.8M	42.4M
Capital expenditure	2K	0	-18K	6K	11K	0	-325K	-15.6M	-19.4M	-17.3M	-20.9M	-19.2M
Investing cash flow	-11.2M	61K	20K	-1.6M	-123.5M	-3.2M	-2.8M	-14.3M	-22.4M	-17.9M	-23.5M	-20.8M
Dividends paid	-4M	-3.7M	-59.7M	-4.3M	-4.2M	-4.1M	-4.1M	-4.1M	-3.8M	-3.9M	-3.9M	-10.6M
Share repurchases	—	—	—	—	—	—	-5M	-880K	-476K	0	0	-41K
Financing cash flow	-4.9M	-3.9M	-60M	-4.6M	-4.5M	-4.3M	-9.5M	-5.3M	-4.5M	-4M	-4.5M	-11M
Net change in cash	14.9M	-1.5M	-42.6M	9.2M	-91.7M	15.8M	11.7M	3.3M	-1.6M	9.8M	-8.2M	10.6M
Free cash flow	24.2M	25.5M	14.5M	9M	10.9M	13.2M	13.6M	7M	5.9M	14.4M	-1.1M	23.2M

SandRidge Energy Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement