SandRidge Energy beats adjusted EPS estimates

SandRidge Energy

06/08/2025 21:27

Overview

SandRidge Energy Q2 rev grows 33% yr/yr, driven by Cherokee acquisition

Adjusted EPS for Q2 beats analyst expectations, reflecting strong performance

Co announces 9% increase in quarterly dividend, payable Sept 29

Result Drivers

CHEROKEE ACQUISITION - Co attributes 33% revenue growth to increased production from Cherokee acquisition and development program

OIL PRODUCTION - Oil production rose 46% year-over-year, significantly contributing to revenue increase

LEASE OPERATING EXPENSES - Improved due to one-time non-cash adjustment and efficient operations

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EPS
Beat
$0.33
$0.32 (1 Analyst)
Q2 EPS
$0.53
Q2 Adjusted Net Income
Beat
$12.20 mln
$12.10 mln (1 Analyst)
Q2 Net Income
$19.60 mln
Q2 Adjusted EBITDA
Beat
$22.80 mln
$21.40 mln (1 Analyst)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil & gas exploration and production peer group is "buy"

Wall Street's median 12-month price target for SandRidge Energy Inc is $19.00, about 46.4% above its August 5 closing price of $10.18

The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 6 three months ago

Press Release: ID:nPn9RnSTDa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)