SandRidge Energy Q1 revenue rises, boosts dividend

SandRidge Energy

06/05/2026 22:10

Overview

U.S. oil and gas producer's Q1 revenue rose 17% yr/yr, driven by new well production

Adjusted net income and adjusted EBITDA both increased significantly from a year earlier

Company raised quarterly dividend by 8% and declared a one-time special dividend

Outlook

SandRidge says it will adjust capital activity based on commodity prices and project results

Company plans ongoing one-rig development in Cherokee Shale Play and production optimization

SandRidge continues to evaluate merger and acquisition opportunities and leasing to bolster future development

Result Drivers

NEW WELLS - Revenue and oil production growth were primarily driven by new wells from the Cherokee development program

HIGHER REALIZED PRICES - Improved realized prices for oil, natural gas, and NGLs contributed to higher revenues

COST EFFICIENCY - Lower lease operating expenses per Boe were attributed to efficient operations and increased production volumes

Company press release: ID:nPn8W5RB0a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.51
Q1 Adjusted Net Income
$21.60 mln
Q1 Net Income
$18.70 mln
Q1 Adjusted EBITDA
$33.70 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 1 "hold" and 1 "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 $15.00, about 3% below its May 5 closing price of $15.46

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)