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SANDRIDGE ENERGY, INC. ANNOUNCES FINANCIAL AND OPERATING RESULTS FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2025 AND DECLARES $0.11 PER SHARE CASH DIVIDEND

SandRidge Energy, Inc. Reported its financial and operational results for the quarter ending March 31, 2025, focused in the Mid-Continent region of Oklahoma, Texas, and Kansas.
The strong performance during the quarter was driven by higher production volumes from the Cherokee acquisition and more favorable commodity pricing compared to the previous year.
The company drilled the first well in its one-rig Cherokee drilling program and continues projects including production optimization and leasing programs to enhance asset development.
SandRidge reported a net income of $13.0 million and an adjusted net income of $14.5 million for the quarter, with average daily production reaching 17.9 MBoed. Additionally, the Board approved a cash dividend of $0.11 per share, scheduled for payment on June 2, 2025.
The results suggest continued emphasis on cost efficiency, prudent capital allocation, and maintaining asset value, with a conference call scheduled for May 8, 2025 to discuss these outcomes.

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SANDRIDGE ENERGY, INC. ANNOUNCES FINANCIAL AND OPERATING RESULTS FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2025 AND DECLARES $0.11 PER SHARE CASH DIVIDEND

OKLAHOMA CITY, May 7, 2025 /PRNewswire/ -- SandRidge Energy, Inc. (the "Company" or "SandRidge") (NYSE: SD) today announced financial and operational results for the three months ended March 31, 2025.

2 days ago·Parsons, United States

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