EarningsQ2 2026 Earnings Report
DE:SA2D Q2 2026 EPS Results
Actual EPS€0.49
Consensus EPS€0.65
Beat/MissMissed by -€0.16
One Year Ago EPS€0.29
DE:SA2D Q2 2026 Revenue Results
Actual Revenue€44.27M
Expected Revenue€51.10M
Beat/MissMissed by -€6.83M
YoY Revenue Growth+48.03%
Earnings Announcement Details
QuarterQ2 2026
Date08/05/2026
TimeAfter Close
Conference CallWednesday, August 5, 2026
DE:SA2D Upcoming Earnings
SandRidge Energy's next earnings date is estimated for November 11, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:SA2D Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call portrayed robust operational and financial performance: double-digit production and oil growth, substantial revenue and adjusted EBITDA increases, strong cash generation, a clean balance sheet (no debt, large NOLs), an accretive bolt-on acquisition, and standout well results. Negatives were concentrated in a sharp decline in realized gas prices due to regional differentials, limited hedge coverage (~30% of midpoint), manageable cost pressures from diesel/service surcharges, and a modest increase in G&A per BOE. Overall, the positives—significant top-line and cash-flow improvements, strong devex execution, balance-sheet strength, and potential upside from acquisition and well results—outweigh the highlighted risks.Company Guidance
Production Growth
Production increased to 19.7 Mboe/d, up 11% year-over-year on a BOE basis, with oil production rising 22% year-over-year.
Revenue and Profitability Expansion
Revenues were just over $51 million, a 48% increase year-over-year; adjusted EBITDA was $34 million, up 49% year-over-year; net income was approximately $27 million ($0.72/share), up ~38% versus prior year; adjusted net income was ~$21 million ($0.57/share), up ~73% year-over-year.
Strong Cash Generation and Balance Sheet
Operating cash flow was $42.4 million versus $22.9 million a year earlier (≈+85%); adjusted operating cash flow was $34.6 million versus $25.6 million (≈+35%). Cash including restricted cash was approximately $115 million (~$3.09/share). The company has no debt, negative net leverage, and approximately $1.5 billion of federal NOLs.
Capital Returns and Dividend Program
Paid $10.6 million in dividends during the quarter (13¢ regular + one-time 20¢ special). Since 2023, the company has paid $5.05 per share in dividends. The Board declared a 13¢/share dividend payable Aug 31, 2026; shareholders may elect cash or DRIP.
Bolt-On Acquisition Expands Footprint
Signed an agreement to acquire ~7,000 net leasehold acres and interests in 21 wells in the Cherokee play; the producing wells being acquired average >2,100 BOE/d 30-day IP with 58% oil. Anticipated close in Q3 2026 and expected to immediately offset core positions.
Outstanding Well Performance and Development Execution
Brought two wells online in the quarter and two additional wells in July; drilling the 6th of 10 for the year. One Cherokee Shale well posted a ~2,000 BOE/d 30-day peak; a step-out well produced >10,000 Mcf/d and >100 bbl/d 30-day average, 90-day average ~11,000 Mcfe/d and cumulative >1 Bcf after 100 days. Operations delivered the fastest, lowest-cost well to date in the program.
Cost Discipline and Operating Efficiency
Quarterly capital spend (ex A&D) was $16.3 million, better than expected largely from timing and lower D&C costs. Lease operating expenses were $10.3 million or $5.73/BOE (in line with expectations). Adjusted G&A was ~$2.7 million or $1.52/BOE and described as top-tier among peers. The company emphasized low overhead and a lean ~100-person organization.
Prudent 2026 Capital Program
Guidance to drill 10 operated Cherokee wells (1 rig) and complete nine in 2026, with gross well cost estimates of ~$9M–$11M and total 2026 capital program of $76M–$97M (D&C $62M–$80M; $14M–$17M for workovers/optimization/leasing).
Risk Management via Hedges and Infrastructure
Production hedges cover just under 30% of the midpoint of 2026 guidance (37% of gas production and 43% of oil), intended to secure a portion of cash flows. Company assets include extensive owned SWD and electrical infrastructure, supporting low break-even economics (~$40 WTI and $2 Henry Hub for many legacy wells).
Safety and ESG
Maintained a record of more than 4.5 years without a recordable safety incident and reiterated commitment to ESG processes and disciplined operations.
DE:SA2D Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed