Sandridge Energy Inc (SD) financial statements: income statement, balance sheet and cash flow
Sandridge Energy Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Sandridge Energy Inc reported revenue of $156.4M (+24.8% year on year) and net income of $70.2M (+11.5% year on year).
Income statement
Sandridge Energy Inc income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Total revenues
$156.4M
$125.3M
$148.6M
$254.3M
Lease operating expenses
$36.2M
$40.0M
$41.9M
$41.3M
Production, ad valorem, and other taxes
$9.8M
$6.8M
$10.9M
$15.9M
Depreciation and depletion—oil and natural gas
$36.4M
$26.0M
$15.7M
$11.5M
Depreciation and amortization—other
$6.4M
$6.5M
$6.5M
$6.3M
General and administrative
$13.2M
$11.7M
$10.7M
$9.4M
Restructuring expenses
$1.1M
$474.0K
$406.0K
$382.0K
Employee termination benefits
$0
$0
$19.0K
$0
(Gain) loss on derivative contracts
($7.8M)
($748.0K)
($1.4M)
($6.0M)
Other operating (income) expense
$0
$1.4M
($157.0K)
($99.0K)
Total expenses
$95.4M
$92.1M
$84.5M
$78.8M
Income (loss) from operations
$61.0M
$33.2M
$64.2M
$175.5M
Interest income (expense), net
$3.7M
$7.7M
$10.6M
$1.8M
Other income (expense), net
$31.0K
($216.0K)
$87.0K
$378.0K
Total other income (expense)
$3.7M
$7.5M
$10.6M
$2.2M
Income (loss) before income taxes
$64.7M
$40.8M
$74.8M
$177.6M
Income tax (benefit)
($5.5M)
($22.2M)
$14.0M
($64.5M)
Net income (loss)
$70.2M
$63.0M
$60.9M
$242.2M
Basic (in dollars per share)
$1.91
$1.70
$1.65
$6.59
Diluted (in dollars per share)
$1.90
$1.69
$1.64
$6.52
Basic (in shares)
36.8M
37.1M
36.9M
36.7M
Diluted (in shares)
36.9M
37.2M
37.1M
37.2M
Sandridge Energy Inc income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Total revenues
$51.1M
$49.8M
$39.8M
$34.5M
Lease operating expenses
$10.3M
$10.8M
$10.9M
$6.6M
Production, ad valorem, and other taxes
$3.2M
$3.0M
$2.2M
$2.2M
Depreciation and depletion—oil and natural gas
$10.5M
$9.8M
$9.4M
$8.3M
Depreciation and amortization—other
$1.6M
$1.6M
$1.6M
$1.6M
General and administrative
$3.8M
$3.0M
$2.7M
$3.0M
Restructuring expenses
($14.0K)
$146.0K
$305.0K
$412.0K
(Gain) loss on derivative contracts
($4.2M)
$3.5M
($2.4M)
($6.1M)
Other operating (income) expense, net
($3.0K)
$10.0K
$0
$0
Total expenses
$25.2M
$31.9M
$24.8M
$16.0M
Income from operations
$26.0M
$17.9M
$15.0M
$18.5M
Interest income (expense), net
$735.0K
$814.0K
$916.0K
$1.0M
Other income (expense), net
$1.0K
—
($3.0K)
($3.0K)
Total other income (expense)
$736.0K
$814.0K
$913.0K
$1.0M
Income (loss) before income taxes
$26.7M
$18.7M
$16.0M
$19.6M
Income tax (benefit) expense
$0
$0
$0
$0
Net income (loss)
$26.7M
$18.7M
$16.0M
$19.6M
Basic (in dollars per share)
$0.72
$0.51
$0.44
$0.53
Diluted (in dollars per share)
$0.72
$0.50
$0.43
$0.53
Basic (in shares)
36.9M
36.8M
36.7M
36.7M
Diluted (in shares)
37.1M
37.0M
36.7M
36.7M
Balance sheet
Sandridge Energy Inc balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$111.0M
$98.1M
$252.4M
$255.7M
Restricted cash
$1.3M
$1.4M
$1.5M
$1.7M
Accounts receivable, net
$26.2M
$23.9M
$22.2M
$34.7M
Derivative contracts
$2.8M
$114.0K
$0
$4.4M
Prepaid expenses
$748.0K
$3.4M
$430.0K
$523.0K
Other current assets
$5.8M
$780.0K
$1.3M
$7.7M
Total current assets
$147.9M
$127.7M
$277.9M
$304.9M
Proved
$1.8B
$1.7B
$1.5B
$1.5B
Unproved
$27.5M
$23.5M
$11.2M
$11.5M
Less: accumulated depreciation, depletion and impairment
($1.4B)
($1.4B)
($1.4B)
($1.4B)
Net oil and natural gas properties capitalized costs
$340.6M
$298.2M
$156.1M
$138.6M
Other property, plant and equipment, net
$75.6M
$80.7M
$86.5M
$92.2M
Derivative contracts
$0
$86.0K
—
$0
Other assets
$1.5M
$2.1M
$3.1M
$190.0K
Deferred tax assets, net of valuation allowance
$78.3M
$72.8M
$50.6M
$64.5M
Total assets
$644.0M
$581.5M
$574.2M
$600.5M
Accounts payable and accrued expenses
$59.0M
$50.6M
$38.8M
$46.3M
Asset retirement obligations
$8.1M
$9.1M
$9.9M
$16.1M
Other current liabilities
$905.0K
$839.0K
$645.0K
$870.0K
Total current liabilities
$68.0M
$60.6M
$49.3M
$63.3M
Asset retirement obligations
$64.3M
$59.4M
$54.6M
$47.6M
Other long-term obligations
$817.0K
$936.0K
$2.2M
$1.7M
Total liabilities
$133.2M
$121.0M
$106.1M
$112.6M
Common stock, $0.001 par value; 250,000 shares authorized; 36,825 issued and outstanding at December 31, 2025 and 37,203 issued and outstanding at December 31, 2024
37.0K
37.0K
37.0K
37.0K
Additional paid-in capital
$980.6M
$1.0B
$1.1B
$1.2B
Accumulated deficit
($469.8M)
($540.0M)
($602.9M)
($663.8M)
Total stockholders’ equity
$510.9M
$460.5M
$468.1M
$487.9M
Total liabilities and stockholders’ equity
$644.0M
$581.5M
$574.2M
$600.5M
Sandridge Energy Inc balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$113.3M
$102.7M
$101.2M
$102.8M
Restricted cash
$1.3M
$1.3M
$1.4M
$1.4M
Accounts receivable, net
$26.7M
$30.3M
$27.4M
$23.6M
Derivative contracts
$4.2M
$0
$2.4M
$3.0M
Prepaid expenses
$2.2M
$3.0M
$2.5M
$3.4M
Other current assets
$3.9M
$5.6M
$1.7M
$2.0M
Total current assets
$151.7M
$143.0M
$136.6M
$136.1M
Proved
$1.8B
$1.8B
$1.7B
$1.7B
Unproved
$28.1M
$29.5M
$30.3M
$29.9M
Less: accumulated depreciation, depletion and impairment
($1.5B)
($1.5B)
($1.4B)
($1.4B)
Net oil and natural gas properties
$363.9M
$355.1M
$330.9M
$313.1M
Other property, plant and equipment, net
$72.6M
$74.3M
$76.6M
$78.3M
Other assets
$1.5M
$1.5M
$2.0M
$2.0M
Deferred tax assets, net of valuation allowance
$78.3M
$78.3M
$72.8M
$72.8M
Total assets
$668.1M
$652.1M
$619.0M
$602.3M
Accounts payable and accrued expenses
$49.0M
$49.8M
$53.2M
$49.4M
Asset retirement obligations
$8.0M
$8.1M
$9.0M
$9.0M
Other current liabilities
$750.0K
$866.0K
$756.0K
$811.0K
Total current liabilities
$57.8M
$59.5M
$62.9M
$59.2M
Derivative contracts
$31.0K
$677.0K
$0
$0
Asset retirement obligations
$66.9M
$65.6M
$62.8M
$61.6M
Other long-term obligations
$693.0K
$827.0K
$573.0K
$708.0K
Total liabilities
$125.4M
$126.2M
$126.5M
$122.1M
Common stock, $0.001 par value; 250,000 shares authorized; 37,075 issued and outstanding at June 30, 2026 and 36,825 issued and outstanding at December 31, 2025
37.0K
37.0K
37.0K
37.0K
Additional paid-in capital
$967.0M
$977.0M
$983.8M
$987.5M
Accumulated deficit
($424.4M)
($451.1M)
($491.4M)
($507.4M)
Total stockholders’ equity
$542.7M
$526.0M
$492.4M
$480.2M
Total liabilities and stockholders’ equity
$668.1M
$652.1M
$619.0M
$602.3M
Cash flow statement
Sandridge Energy Inc cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$70.2M
$63.0M
$60.9M
$242.2M
Depreciation, depletion and amortization
$42.9M
$32.5M
$22.2M
$17.9M
Deferred income taxes
($5.5M)
($22.2M)
$14.0M
($64.5M)
(Gain) loss on derivative contracts
($7.8M)
($748.0K)
($1.4M)
($6.0M)
Settlement gains (losses) on derivative contracts
$5.2M
$548.0K
$5.9M
$1.5M
Stock-based compensation
$2.7M
$2.4M
$1.9M
$1.5M
Other
$412.0K
$1.5M
$159.0K
$153.0K
Receivables
($3.5M)
($842.0K)
$12.1M
($13.2M)
Prepaid expenses
$2.6M
($2.9M)
$93.0K
($1.5M)
Other current assets
($5.0M)
$375.0K
$2.2M
($5.4M)
Other assets and liabilities, net
$304.0K
($1.5M)
($56.0K)
($129.0K)
Accounts payable and accrued expenses
($1.4M)
$2.8M
($1.4M)
($5.2M)
Asset retirement obligations
($998.0K)
($875.0K)
($909.0K)
($2.6M)
Net cash provided by operating activities
$100.1M
$73.9M
$115.6M
$164.7M
Capital expenditures for property, plant and equipment
($58.6M)
($26.4M)
($26.4M)
($44.1M)
Acquisitions of assets
($8.5M)
($129.7M)
($11.2M)
($1.4M)
Purchase of other property and equipment
($562.0K)
($1.0K)
($29.0K)
($49.0K)
Sales tax refund on capitalized predecessor completion costs
$2.8M
—
—
—
Proceeds from sale of assets
$876.0K
$1.4M
$1.5M
$448.0K
Net used in investing activities
($64.0M)
($154.7M)
($36.2M)
($45.1M)
Dividends paid to stockholders
($15.9M)
($72.3M)
($81.5M)
—
Reduction of financing lease liability
($738.0K)
($708.0K)
($588.0K)
($541.0K)
Proceeds from exercise of stock options
$0
$0
$94.0K
$77.0K
Tax withholdings paid in exchange for shares withheld on employee vested stock awards
-290.0K
-393.0K
-929.0K
-1.2M
Common stock repurchases
($6.4M)
($233.0K)
—
—
Net cash used in financing activities
($23.3M)
($73.7M)
($82.9M)
($1.6M)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS and RESTRICTED CASH
$12.8M
($154.4M)
—
—
CASH, CASH EQUIVALENTS and RESTRICTED CASH, beginning of year
$99.5M
$253.9M
$257.5M
$139.5M
CASH, CASH EQUIVALENTS and RESTRICTED CASH, end of year
$112.3M
$99.5M
$253.9M
$257.5M
Sandridge Energy Inc cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$45.4M
$18.7M
$48.6M
$32.6M
Depreciation, depletion, and amortization
$23.6M
$11.4M
$31.0M
$19.9M
(Gain) loss on derivative contracts
($696.0K)
$3.5M
($5.9M)
($3.6M)
Settlement gains (losses) on derivative contracts
($717.0K)
$130.0K
$4.0M
$1.3M
Stock-based compensation
$1.5M
$702.0K
$2.1M
$1.4M
Other
$14.0K
($44.0K)
$219.0K
$262.0K
Changes in operating assets and liabilities
($6.8M)
($14.7M)
($11.4M)
($8.7M)
Net cash provided by operating activities
$62.2M
$19.8M
$68.5M
$43.2M
Capital expenditures for property, plant and equipment
($40.1M)
($20.9M)
($41.4M)
($22.0M)
Acquisition of oil and natural gas assets
($5.1M)
($2.7M)
—
—
Purchase of other property and equipment
$0
$0
($562.0K)
($562.0K)
Sales tax refund on completion costs
$0
—
$2.8M
$2.8M
Proceeds from sale of assets
$847.0K
$0
$785.0K
$455.0K
Net cash used in investing activities
($44.3M)
($23.5M)
($46.1M)
($23.7M)
Dividends paid to stockholders
($14.5M)
($3.9M)
($12.0M)
($8.2M)
Reduction of financing lease liability
($424.0K)
($226.0K)
($586.0K)
($406.0K)
Repurchases of common stock, including excise tax
($41.0K)
$0
($6.4M)
($5.9M)
Tax withholdings paid in exchange for shares withheld on employee vested stock awards
-535.0K
-405.0K
-243.0K
-224.0K
Net cash used in financing activities
($15.5M)
($4.5M)
($19.2M)
($14.7M)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS and RESTRICTED CASH
$2.3M
($8.2M)
$3.1M
$4.7M
CASH, CASH EQUIVALENTS and RESTRICTED CASH, beginning of year
$112.3M
$112.3M
$99.5M
$99.5M
CASH, CASH EQUIVALENTS and RESTRICTED CASH, end of period
$114.7M
$104.1M
$102.6M
$104.2M
Cash paid for interest, net of amounts capitalized
($380.0K)
($56.0K)
($228.0K)
($66.0K)
Capital expenditures for property, plant and equipment in accounts payable and accrued expenses
$7.8M
$10.6M
$10.5M
$6.9M
Right-of-use assets obtained in exchange for financing lease obligations
$187.0K
$200.0K
$229.0K
$229.0K
Inventory material transfers to oil and natural gas properties
$0
$0
$3.0K
$3.0K
Asset retirement obligation capitalized
$17.0K
$12.0K
$40.0K
$38.0K
Asset retirement obligation removed due to divestiture
$0
$0
($288.0K)
($288.0K)
Decrease (increase) in excise tax payable on repurchases of common stock