SandRidge Energy Inc (NYSE:SD)

Q2 2026 SandRidge Energy Inc Earnings Call Transcript

Aug 6, 2026 / 06:00 PM GMT

Release Date Price: $13.44 (+1.82%)

Transcript 10-Q8-K

Key Points

Positve

SandRidge Energy Inc (SD) reported a strong quarter with revenue up 48% year-over-year to $51 million and adjusted EBITDA up 49% to $34 million.
The company successfully brought online two new Cherokee wells with strong initial production rates, including one well with a 30-day average of 2,000 BOE per day.
SandRidge Energy Inc (SD) announced a bolt-on acquisition in the Cherokee play, adding 7,000 net acres and 21 wells, which is expected to expand its footprint and bolster inventory.
The company maintains a debt-free balance sheet with approximately $115 million in cash, providing financial flexibility and supporting its capital return program.
SandRidge Energy Inc (SD) continues to return capital to shareholders, having paid $5.05 per share in dividends since 2023, including a recent special dividend.
The company's low-cost operations are evident with adjusted G&A of $1.52 per BOE, which continues to lead among peers.
A recompleted legacy well exceeded expectations with initial production rates of 1,400 mcf per day and 4 barrels of oil per day, showcasing value extraction from existing assets.
The company has a strong safety record with over 4.5 years without a recordable safety incident, reflecting operational excellence.
SandRidge Energy Inc (SD) benefits from approximately $1.5 billion in federal net operating losses, shielding income from taxes.
The company is exploring a new sub-member of the Cherokee formation with promising results, potentially adding further development options.

Negative

Natural gas prices fell significantly during the quarter, with realized prices dropping to $1.36 per MCF from $3.13 in the prior quarter, due to widening regional differentials.
The company's capital expenditure for the quarter was $16.3 million, which was better than expected but still represents a significant cash outflow.
Lease operating expenses increased to $5.73 per BOE, up from $5.25 per BOE in the prior year, reflecting inflationary pressures.
The company faces potential supply chain and inflationary pressures, though it is mitigating these by securing critical components in advance.
The company's production is only partially hedged, with just under 30% of 2026 guidance hedged, leaving it exposed to commodity price volatility.
The new Cherokee sub-member well, while promising, is still under assessment, and long-term recoveries are uncertain, requiring patience and further data.
The company's dividend of $0.13 per share is modest, and the special dividend was one-time, which may not satisfy income-focused investors.
The acquisition adds integration risks, though the company plans to manage without adding personnel.
The company's production growth is modest, with only 10 wells planned for the year, which may limit upside in a rising price environment.
The company's reliance on legacy assets with a double-digit reserve life could face decline if new development doesn't offset natural production declines.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SD.N - SandRidge Energy Inc
Q2 2026 SandRidge Energy Inc Earnings Call
Aug 06, 2026 / 06:00PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, thank you for joining us and welcome to Sand Ridge Energy's second quarter 2026 conference call.

After today's prepared remarks, we will host a question-and-answer session.

If you would like to ask a question, please press star 1 to raise your hand.

To withdraw your question, press star 1 again.

I will now hand the conference over to Scott Presttridge, senior Vice President of Finance and strategy.

Scott, please go ahead.

Thank you and welcome everyone.

With me today are Grayson Prannen, our CEO.

Jonathan Freitas, our CFO.

Brandon Brown, our CAO, and Dean Parish, our COO.

We would like to remind you that today's call

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