Sandridge Energy ( (SD) ) has released its Q3 earnings. Here is a breakdown of the information Sandridge Energy presented to its investors.
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SandRidge Energy, Inc. is an independent oil and gas company focused on the production, development, and acquisition of oil and gas properties, primarily operating in the Mid-Continent region of the United States, including Oklahoma, Texas, and Kansas.
In its latest earnings report, SandRidge Energy announced a dividend of $0.12 per share and highlighted significant financial and operational achievements for the three and nine-month periods ending September 30, 2025. The company reported a net income of $16.0 million for the third quarter, with oil production increasing by 49% compared to the same period in 2024, contributing to a 32% rise in total revenues.
Key financial metrics for the third quarter included an adjusted EBITDA of $27.3 million and adjusted net income of $15.5 million. The company’s production averaged 19.0 MBoe per day, marking a 12% increase from the previous year, driven by the success of its Cherokee development program. SandRidge also maintained a strong liquidity position with $102.6 million in cash and cash equivalents and no outstanding debt.
The company continues to focus on optimizing its asset base and executing its development programs efficiently. SandRidge’s management remains committed to enhancing shareholder value through strategic growth projects, including further development in the Cherokee Shale Play and exploring merger and acquisition opportunities.
Looking ahead, SandRidge aims to sustain its growth trajectory while prioritizing safety and operational efficiency. The company plans to adapt its strategies based on market conditions and remains dedicated to maintaining a strong balance sheet and capital return program.