SandRidge Q3 revenue rises 32% on higher oil production

SandRidge Energy

05/11/2025 21:43

Overview

SandRidge Q3 oil production rises 49%, boosting revenue by 32% yr/yr

Company declares dividend of $0.12 per share, payable November 28, 2025

SandRidge reports Q3 net income of $16 mln, adjusted EBITDA of $27.3 mln

Outlook

Company evaluates merger and acquisition opportunities with strong balance sheet

Result Drivers

CHEROKEE DEVELOPMENT - Increased production from Cherokee acquisition and development program drove 49% rise in oil production and 32% revenue growth

DRILLING SUCCESS - Four wells from Cherokee program achieved average peak production rates of 2,000 gross Boe per day

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$0.44
Q3 Adjusted Net Income
$15.50 mln
Q3 Net Income
$16 mln
Q3 Adjusted EBITDA
$27.30 mln


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 $16.00, about 25.7% above its November 4 closing price of $11.88

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 6 three months ago

Press Release: ID:nPnbb5PR0a

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(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.)