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SandRidge Energy (SD) Financials

SandRidge Energy logo
$15.36 +0.14 (+0.89%)
Closing price 03:58 PM Eastern
Extended Trading
$15.36 -0.01 (-0.03%)
As of 07:19 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for SandRidge Energy

Annual Income Statements for SandRidge Energy

This table shows SandRidge Energy's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 242 61 63
Consolidated Net Income / (Loss)		 242 61 63
Net Income / (Loss) Continuing Operations		 242 61 63
Total Pre-Tax Income 		178 75 41
Total Operating Income		 175 64 33
Total Gross Profit		 213 107 85
Total Revenue		 254 149 125
Operating Revenue		 254 149 125
Total Cost of Revenue		 41 42 40
Operating Cost of Revenue		 41 42 40
Total Operating Expenses		 38 43 52
Selling, General & Admin Expense		 9.45 11 12
Marketing Expense		 16 11 6.78
Depreciation Expense		 18 22 32
Other Operating Expenses / (Income)		 -6.07 -1.59 0.62
Restructuring Charge		 0.38 0.41 0.47
Total Other Income / (Expense), net		 2.19 11 7.53
Interest & Investment Income		 1.81 11 7.74
Other Income / (Expense), net		 0.38 0.09 -0.22
Income Tax Expense		 -65 14 -22
Basic Earnings per Share		 $6.59 $1.65 $1.70
Weighted Average Basic Shares Outstanding		 36.75M 36.94M 37.11M
Diluted Earnings per Share		 $6.52 $1.64 $1.69
Weighted Average Diluted Shares Outstanding		 37.15M 37.13M 37.19M
Weighted Average Basic & Diluted Shares Outstanding		 36.88M 37.10M 37.15M
Cash Dividends to Common per Share		 - - $0.11

Quarterly Income Statements for SandRidge Energy

This table shows SandRidge Energy's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 54 105 24 17 19 1.79 11 8.79 25 18
Consolidated Net Income / (Loss)		 54 105 24 17 19 1.79 11 8.79 25 18
Net Income / (Loss) Continuing Operations		 54 105 24 17 19 1.79 11 8.79 25 18
Total Pre-Tax Income 		54 41 24 17 19 16 11 8.79 10 11
Total Operating Income		 54 39 21 14 16 13 8.42 6.22 8.49 10
Total Gross Profit		 61 45 43 25 27 12 30 17 21 17
Total Revenue		 71 56 43 33 38 34 30 26 30 39
Operating Revenue		 71 56 43 33 38 34 30 26 30 39
Total Cost of Revenue		 9.69 11 0.00 8.80 11 22 0.00 8.74 9.10 22
Total Operating Expenses		 7.62 6.34 22 11 11 -0.67 22 11 12 6.71
Selling, General & Admin Expense		 2.38 2.37 2.91 2.48 2.62 2.73 3.33 3.05 2.30 3.01
Marketing Expense		 4.77 2.20 3.75 2.74 2.03 2.35 1.90 1.84 1.81 1.23
Depreciation Expense		 4.67 4.85 5.07 5.36 5.85 5.89 5.75 6.01 9.95 11
Other Operating Expenses / (Income)		 -4.28 -2.74 10 -0.03 -0.03 -12 11 0.03 -1.87 -8.43
Restructuring Charge		 0.08 -0.34 0.04 0.26 0.04 0.06 0.00 0.08 0.26 0.13
Total Other Income / (Expense), net		 0.14 2.14 2.55 2.83 2.49 2.77 2.71 2.57 1.55 0.69
Other Income / (Expense), net		 0.15 0.14 0.06 0.00 0.03 -0.00 0.01 0.08 0.00 -0.31
Income Tax Expense		 0.00 -65 0.00 0.00 0.00 14 0.00 0.00 -15 -6.79
Basic Earnings per Share		 $1.46 $2.86 $0.64 $0.45 $0.51 $0.05 $0.30 $0.24 $0.69 $0.47
Weighted Average Basic Shares Outstanding		 36.80M 36.75M 36.86M 36.89M 36.97M 36.94M 37.04M 37.08M 37.13M 37.11M
Diluted Earnings per Share		 $1.45 $2.83 $0.64 $0.45 $0.50 $0.05 $0.30 $0.24 $0.69 $0.46
Weighted Average Diluted Shares Outstanding		 37.15M 37.15M 37.11M 37.10M 37.16M 37.13M 37.13M 37.16M 37.18M 37.19M
Weighted Average Basic & Diluted Shares Outstanding		 36.87M 36.88M 36.90M 36.97M 37.09M 37.10M 37.13M 37.18M 37.21M 37.15M

Annual Cash Flow Statements for SandRidge Energy

This table details how cash moves in and out of SandRidge Energy's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 118 -3.52 -154
Net Cash From Operating Activities		 165 116 74
Net Cash From Continuing Operating Activities		 165 116 74
Net Income / (Loss) Continuing Operations		 242 61 63
Consolidated Net Income / (Loss)		 242 61 63
Depreciation Expense		 18 22 32
Non-Cash Adjustments To Reconcile Net Income		 -2.92 6.37 2.15
Changes in Operating Assets and Liabilities, net		 -92 26 -24
Net Cash From Investing Activities		 -45 -36 -155
Net Cash From Continuing Investing Activities		 -45 -36 -155
Purchase of Property, Plant & Equipment		 -44 -26 -26
Acquisitions		 -1.43 -11 -130
Sale of Property, Plant & Equipment		 0.45 1.47 1.37
Net Cash From Financing Activities		 -1.64 -83 -74
Net Cash From Continuing Financing Activities		 -1.64 -83 -74
Repurchase of Common Equity		 0.00 0.00 -0.23
Payment of Dividends		 0.00 -82 -72
Other Financing Activities, net		 -1.64 -1.42 -1.10

Quarterly Cash Flow Statements for SandRidge Energy

This table details how cash moves in and out of SandRidge Energy's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Change in Cash & Equivalents		 35 17 30 -64 8.22 22 -45 2.80 -117 5.43
Net Cash From Operating Activities		 55 30 40 24 26 26 16 11 21 26
Net Cash From Continuing Operating Activities		 55 30 40 24 26 26 16 11 21 26
Net Income / (Loss) Continuing Operations		 54 105 24 17 19 1.79 11 8.79 25 18
Consolidated Net Income / (Loss)		 54 105 24 17 19 1.79 11 8.79 25 18
Depreciation Expense		 4.67 4.85 5.07 5.36 5.85 5.89 5.75 6.01 9.95 11
Non-Cash Adjustments To Reconcile Net Income		 -3.66 0.01 4.83 0.55 0.48 0.52 0.54 0.54 -0.96 2.04
Changes in Operating Assets and Liabilities, net		 0.74 -80 6.19 1.46 0.51 18 -1.73 -3.93 -14 -4.39
Net Cash From Investing Activities		 -19 -13 -9.41 -14 -13 -0.63 -1.10 -4.02 -134 -16
Net Cash From Continuing Investing Activities		 -19 -13 -9.41 -14 -13 -0.63 -1.10 -4.02 -134 -16
Purchase of Property, Plant & Equipment		 -19 -13 -9.41 -15 -1.35 -0.69 -1.14 -2.45 -9.99 -13
Acquisitions		 - - - - -11 - - - -124 -3.71
Sale of Property, Plant & Equipment		 0.14 - 0.00 1.33 0.08 0.06 0.04 0.53 0.29 0.51
Net Cash From Financing Activities		 -1.03 -0.25 -0.34 -74 -4.78 -3.89 -60 -4.60 -4.52 -4.53
Net Cash From Continuing Financing Activities		 -1.03 -0.25 -0.34 -74 -4.78 -3.89 -60 -4.60 -4.52 -4.53
Payment of Dividends		 - - 0.00 -74 -3.98 -3.71 -60 -4.29 -4.22 -4.11
Other Financing Activities, net		 -1.03 -0.25 -0.34 -0.10 -0.80 -0.17 -0.31 -0.31 -0.30 -0.18

Annual Balance Sheets for SandRidge Energy

This table presents SandRidge Energy's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Total Assets		 600 574 582
Total Current Assets		 305 278 128
Cash & Equivalents		 256 252 98
Restricted Cash		 1.75 1.54 1.38
Accounts Receivable		 35 22 24
Prepaid Expenses		 0.52 0.43 3.37
Other Current Assets		 12 1.31 0.89
Plant, Property, & Equipment, net		 139 156 298
Plant, Property & Equipment, gross		 1,519 1,550 1,713
Accumulated Depreciation		 1,381 1,394 1,415
Total Noncurrent Assets		 157 140 156
Noncurrent Deferred & Refundable Income Taxes		 65 51 73
Other Noncurrent Operating Assets		 92 90 83
Total Liabilities & Shareholders' Equity		 600 574 582
Total Liabilities		 113 106 121
Total Current Liabilities		 63 49 61
Accounts Payable		 46 39 51
Other Current Liabilities		 17 10 9.97
Total Noncurrent Liabilities		 49 57 60
Asset Retirement Reserve & Litigation Obligation		 48 55 59
Other Noncurrent Operating Liabilities		 1.66 2.18 0.94
Commitments & Contingencies		 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 488 468 461
Total Preferred & Common Equity		 488 468 461
Total Common Equity		 488 468 461
Common Stock		 1,152 1,071 1,000
Retained Earnings		 -664 -603 -540

Quarterly Balance Sheets for SandRidge Energy

This table presents SandRidge Energy's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024
Total Assets		 500 628 562 577 527 530 565
Total Current Assets		 279 324 254 260 234 237 126
Cash & Equivalents		 239 286 222 231 207 210 93
Restricted Cash		 1.74 1.75 1.67 1.54 1.54 1.38 1.38
Accounts Receivable		 31 27 24 26 22 23 29
Prepaid Expenses		 1.35 2.32 1.82 0.93 2.38 1.67 0.89
Other Current Assets		 5.62 7.54 4.74 1.48 1.11 0.93 2.10
Plant, Property, & Equipment, net		 128 149 153 161 154 155 288
Plant, Property & Equipment, gross		 1,506 1,531 1,539 1,550 1,551 1,555 1,695
Accumulated Depreciation		 1,378 1,383 1,386 1,389 1,397 1,400 1,407
Total Noncurrent Assets		 94 155 154 156 139 137 151
Noncurrent Deferred & Refundable Income Taxes		 - 65 65 65 51 51 66
Other Noncurrent Operating Assets		 94 0.31 0.27 91 88 87 85
Total Liabilities & Shareholders' Equity		 500 628 562 577 527 530 565
Total Liabilities		 118 116 107 108 108 105 118
Total Current Liabilities		 72 66 56 55 50 46 59
Accounts Payable		 54 49 40 39 39 36 48
Other Current Liabilities		 18 17 16 16 11 10 10
Total Noncurrent Liabilities		 46 50 52 52 58 59 60
Asset Retirement Reserve & Litigation Obligation		 44 49 49 50 56 57 58
Other Noncurrent Operating Liabilities		 1.76 1.47 2.09 2.03 2.27 2.06 1.95
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 382 512 455 470 420 425 447
Total Preferred & Common Equity		 382 512 455 470 420 425 447
Total Common Equity		 382 512 455 470 420 425 447
Common Stock		 1,063 1,152 1,078 1,074 1,012 1,008 1,004
Retained Earnings		 -769 -640 -623 -605 -592 -583 -558

Annual Metrics And Ratios for SandRidge Energy

This table displays calculated financial ratios and metrics derived from SandRidge Energy's official financial filings.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - -
Revenue Growth		 50.55% -41.54% -15.71%
EBITDA Growth		 46.04% -55.38% -24.24%
EBIT Growth		 50.10% -63.45% -48.63%
NOPAT Growth		 109.65% -78.17% -1.63%
Net Income Growth		 107.45% -74.87% 3.50%
EPS Growth		 108.31% -74.85% 3.05%
Operating Cash Flow Growth		 49.37% -29.82% -36.03%
Free Cash Flow Firm Growth		 -10.59% -40.20% -239.44%
Invested Capital Growth		 117.82% -7.07% 68.57%
Revenue Q/Q Growth		 0.65% -12.99% 4.20%
EBITDA Q/Q Growth		 1.31% -22.20% 2.63%
EBIT Q/Q Growth		 1.06% -28.58% -8.82%
NOPAT Q/Q Growth		 37.93% -64.68% 37.74%
Net Income Q/Q Growth		 39.35% -62.96% 33.46%
EPS Q/Q Growth		 39.61% -62.90% 32.03%
Operating Cash Flow Q/Q Growth		 -7.77% -3.22% -0.30%
Free Cash Flow Firm Q/Q Growth		 -18.68% 31.15% -22.25%
Invested Capital Q/Q Growth		 62.64% -9.74% 2.37%
Profitability Metrics		 - - -
Gross Margin		 83.76% 71.84% 68.06%
EBITDA Margin		 76.19% 58.15% 52.27%
Operating Margin		 69.01% 43.18% 26.52%
EBIT Margin		 69.15% 43.24% 26.35%
Profit (Net Income) Margin		 95.25% 40.94% 50.27%
Tax Burden Percent		 136.33% 81.34% 154.55%
Interest Burden Percent		 101.03% 116.42% 123.46%
Effective Tax Rate		 -36.33% 18.66% -54.55%
Return on Invested Capital (ROIC)		 142.27% 23.48% 17.86%
ROIC Less NNEP Spread (ROIC-NNEP)		 140.76% 20.10% 11.27%
Return on Net Nonoperating Assets (RNNOA)		 -76.21% -10.75% -4.29%
Return on Equity (ROE)		 66.05% 12.73% 13.57%
Cash Return on Invested Capital (CROIC)		 68.12% 30.81% -33.21%
Operating Return on Assets (OROA)		 36.88% 10.94% 5.71%
Return on Assets (ROA)		 50.80% 10.36% 10.90%
Return on Common Equity (ROCE)		 66.05% 12.73% 13.57%
Return on Equity Simple (ROE_SIMPLE)		 49.63% 13.00% 13.68%
Net Operating Profit after Tax (NOPAT)		 239 52 51
NOPAT Margin		 94.07% 35.12% 40.99%
Net Nonoperating Expense Percent (NNEP)		 1.50% 3.38% 6.58%
Return On Investment Capital (ROIC_SIMPLE)		 49.02% 11.15% 11.15%
Cost of Revenue to Revenue		 16.24% 28.16% 31.94%
SG&A Expenses to Revenue		 3.72% 7.22% 9.33%
R&D to Revenue		 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 14.76% 28.66% 41.55%
Earnings before Interest and Taxes (EBIT)		 176 64 33
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 194 86 65
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 0.98 0.94 0.95
Price to Tangible Book Value (P/TBV)		 0.98 0.94 0.95
Price to Revenue (P/Rev)		 1.87 2.96 3.48
Price to Earnings (P/E)		 1.97 7.22 6.92
Dividend Yield		 0.00% 18.56% 16.57%
Earnings Yield		 50.88% 13.84% 14.45%
Enterprise Value to Invested Capital (EV/IC)		 0.95 0.87 0.93
Enterprise Value to Revenue (EV/Rev)		 0.86 1.25 2.68
Enterprise Value to EBITDA (EV/EBITDA)		 1.13 2.15 5.13
Enterprise Value to EBIT (EV/EBIT)		 1.24 2.89 10.19
Enterprise Value to NOPAT (EV/NOPAT)		 0.91 3.56 6.55
Enterprise Value to Operating Cash Flow (EV/OCF)		 1.33 1.61 4.55
Enterprise Value to Free Cash Flow (EV/FCFF)		 1.91 2.71 0.00
Leverage & Solvency		 - - -
Debt to Equity		 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00
Financial Leverage		 -0.54 -0.53 -0.38
Leverage Ratio		 1.30 1.23 1.24
Compound Leverage Factor		 1.31 1.43 1.54
Debt to Total Capital		 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 100.00%
Debt to EBITDA		 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00
Altman Z-Score		 2.86 2.12 1.40
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00%
Liquidity Ratios		 - - -
Current Ratio		 4.82 5.63 2.11
Quick Ratio		 4.59 5.57 2.01
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 115 68 -96
Operating Cash Flow to CapEx		 377.00% 463.57% 295.35%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00
Efficiency Ratios		 - - -
Asset Turnover		 0.53 0.25 0.22
Accounts Receivable Turnover		 9.04 5.22 5.44
Inventory Turnover		 0.00 0.00 0.00
Fixed Asset Turnover		 2.19 1.01 0.55
Accounts Payable Turnover		 0.90 0.98 0.89
Days Sales Outstanding (DSO)		 40.37 69.86 67.07
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 407.18 371.27 408.01
Cash Conversion Cycle (CCC)		 -366.81 -301.41 -340.94
Capital & Investment Metrics		 - - -
Invested Capital		 230 214 361
Invested Capital Turnover		 1.51 0.67 0.44
Increase / (Decrease) in Invested Capital		 125 -16 147
Enterprise Value (EV)		 218 186 336
Market Capitalization		 476 440 436
Book Value per Share		 $13.23 $12.62 $12.38
Tangible Book Value per Share		 $13.23 $12.62 $12.38
Total Capital		 488 468 461
Total Debt		 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00
Net Debt		 -257 -254 -100
Capital Expenditures (CapEx)		 44 25 25
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -16 -25 -32
Debt-free Net Working Capital (DFNWC)		 242 229 67
Net Working Capital (NWC)		 242 229 67
Net Nonoperating Expense (NNE)		 -2.98 -8.65 -12
Net Nonoperating Obligations (NNO)		 -257 -254 -100
Total Depreciation and Amortization (D&A)		 18 22 32
Debt-free, Cash-free Net Working Capital to Revenue		 -6.23% -17.10% -25.90%
Debt-free Net Working Capital to Revenue		 95.03% 153.75% 53.52%
Net Working Capital to Revenue		 95.03% 153.75% 53.52%
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $6.59 $1.65 $1.70
Adjusted Weighted Average Basic Shares Outstanding		 36.75M 36.94M 37.11M
Adjusted Diluted Earnings per Share		 $6.52 $1.64 $1.69
Adjusted Weighted Average Diluted Shares Outstanding		 37.15M 37.13M 37.19M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 36.88M 37.10M 37.15M
Normalized Net Operating Profit after Tax (NOPAT)		 123 53 24
Normalized NOPAT Margin		 48.41% 35.34% 18.83%
Pre Tax Income Margin		 69.87% 50.33% 32.53%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00
Payout Ratios		 - - -
Dividend Payout Ratio		 0.00% 133.95% 114.84%
Augmented Payout Ratio		 0.00% 133.95% 115.21%

Quarterly Metrics And Ratios for SandRidge Energy

This table displays calculated financial ratios and metrics derived from SandRidge Energy's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 52.20% 3.00% -24.94% -52.09% -46.19% -39.54% -29.81% -22.27% -21.21% 14.88%
EBITDA Growth		 79.83% 6.11% -32.23% -63.77% -62.22% -56.66% -46.14% -35.74% -16.43% 8.88%
EBIT Growth		 86.23% 4.98% -39.04% -71.54% -69.83% -66.45% -60.36% -54.36% -47.63% -24.60%
NOPAT Growth		 102.54% 172.98% -39.07% -71.54% -69.80% -98.52% -60.30% -54.95% 33.12% 1,013.89%
Net Income Growth		 87.86% 185.60% -31.58% -65.69% -65.25% -98.30% -53.17% -47.14% 36.50% 881.19%
EPS Growth		 88.31% 188.78% -31.91% -65.38% -65.52% -98.23% -53.13% -46.67% 38.00% 820.00%
Operating Cash Flow Growth		 67.68% -31.58% 23.78% -48.89% -54.02% -12.80% -60.65% -52.46% -18.27% -0.86%
Free Cash Flow Firm Growth		 -52.96% -149.43% -426.10% -377.18% -477.90% 171.13% 124.25% 125.16% -18.22% -834.07%
Invested Capital Growth		 29.86% 117.82% 96.04% 86.11% 67.45% -7.07% -5.84% -7.44% 48.64% 68.57%
Revenue Q/Q Growth		 1.63% -20.86% -23.11% -22.55% 14.15% -11.07% -10.74% -14.22% 15.71% 29.66%
EBITDA Q/Q Growth		 10.40% -25.45% -39.53% -27.20% 15.13% -14.48% -24.86% -13.14% 49.73% 11.43%
EBIT Q/Q Growth		 10.75% -27.99% -45.06% -35.04% 17.42% -19.94% -35.09% -25.20% 34.73% 15.26%
NOPAT Q/Q Growth		 10.48% 86.01% -78.73% -34.88% 17.22% -90.87% 469.94% -26.11% 246.37% -23.64%
Net Income Q/Q Growth		 10.79% 95.86% -77.42% -29.97% 12.22% -90.40% 520.81% -20.95% 189.79% -31.00%
EPS Q/Q Growth		 11.54% 95.17% -77.39% -29.69% 11.11% -90.00% 500.00% -20.00% 187.50% -33.33%
Operating Cash Flow Q/Q Growth		 18.12% -45.80% 32.53% -39.76% 6.26% 2.79% -40.19% -27.22% 82.68% 24.68%
Free Cash Flow Firm Q/Q Growth		 -37.33% -218.87% -255.11% -4.78% 14.56% 122.37% 21.08% 8.69% -501.51% -38.93%
Invested Capital Q/Q Growth		 14.32% 62.64% -2.67% 2.84% 2.86% -9.74% -1.38% 1.09% 65.18% 2.37%
Profitability Metrics		 - - - - - - - - - -
Gross Margin		 86.33% 80.01% 100.00% 73.66% 69.99% 36.30% 100.00% 66.36% 69.71% 43.11%
EBITDA Margin		 82.38% 77.60% 61.03% 57.36% 57.85% 55.63% 46.83% 47.42% 61.36% 52.73%
Operating Margin		 75.59% 68.71% 49.14% 41.31% 42.42% 38.27% 27.80% 23.94% 28.25% 25.91%
EBIT Margin		 75.79% 68.96% 49.27% 41.32% 42.50% 38.27% 27.83% 24.26% 28.25% 25.11%
Profit (Net Income) Margin		 75.78% 187.53% 55.06% 49.78% 48.94% 5.28% 36.74% 33.85% 84.79% 45.12%
Tax Burden Percent		 100.00% 258.56% 100.00% 100.00% 100.00% 11.38% 100.00% 100.00% 253.70% 162.96%
Interest Burden Percent		 99.98% 105.17% 111.76% 120.48% 115.14% 121.34% 132.02% 139.52% 118.29% 110.24%
Effective Tax Rate		 0.00% -158.56% 0.00% 0.00% 0.00% 88.62% 0.00% 0.00% -153.70% -62.96%
Return on Invested Capital (ROIC)		 152.27% 268.66% 69.62% 47.44% 38.25% 2.91% 17.33% 13.84% 29.22% 18.39%
ROIC Less NNEP Spread (ROIC-NNEP)		 152.19% 265.87% 68.49% 46.12% 37.19% 2.79% 16.24% 12.65% 26.80% 17.75%
Return on Net Nonoperating Assets (RNNOA)		 -87.54% -143.95% -39.20% -25.25% -20.65% -1.49% -8.65% -6.26% -9.55% -6.76%
Return on Equity (ROE)		 64.73% 124.72% 30.42% 22.18% 17.60% 1.42% 8.68% 7.57% 19.67% 11.63%
Cash Return on Invested Capital (CROIC)		 112.30% 68.12% 67.69% 45.85% 27.56% 30.81% 24.31% 22.38% -26.48% -33.21%
Operating Return on Assets (OROA)		 47.03% 36.78% 23.23% 16.64% 13.48% 9.68% 6.54% 5.71% 5.95% 5.45%
Return on Assets (ROA)		 47.02% 100.02% 25.96% 20.05% 15.52% 1.34% 8.63% 7.96% 17.85% 9.78%
Return on Common Equity (ROCE)		 64.73% 124.72% 30.42% 22.18% 17.60% 1.42% 8.68% 7.57% 19.67% 11.63%
Return on Equity Simple (ROE_SIMPLE)		 45.46% 0.00% 45.17% 43.84% 34.99% 0.00% 11.49% 9.51% 10.56% 0.00%
Net Operating Profit after Tax (NOPAT)		 54 100 21 14 16 1.48 8.42 6.22 22 16
NOPAT Margin		 75.59% 177.65% 49.14% 41.31% 42.42% 4.35% 27.80% 23.94% 71.68% 42.21%
Net Nonoperating Expense Percent (NNEP)		 0.08% 2.79% 1.13% 1.32% 1.05% 0.12% 1.09% 1.18% 2.41% 0.64%
Return On Investment Capital (ROIC_SIMPLE)		 - 20.43% - - - 0.32% - - - 3.57%
Cost of Revenue to Revenue		 13.67% 19.99% 0.00% 26.34% 30.01% 63.70% 0.00% 33.64% 30.29% 56.89%
SG&A Expenses to Revenue		 3.36% 4.22% 6.74% 7.41% 6.87% 8.05% 11.00% 11.74% 7.67% 7.72%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 10.74% 11.30% 50.86% 32.35% 27.56% -1.97% 72.20% 42.42% 41.46% 17.21%
Earnings before Interest and Taxes (EBIT)		 54 39 21 14 16 13 8.43 6.30 8.49 9.79
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 58 44 26 19 22 19 14 12 18 21
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 1.20 0.98 0.79 1.07 1.07 0.94 1.27 1.12 1.02 0.95
Price to Tangible Book Value (P/TBV)		 1.20 0.98 0.97 1.33 1.07 0.94 1.27 1.12 1.02 0.95
Price to Revenue (P/Rev)		 1.82 1.87 1.70 2.39 2.94 2.96 3.92 3.71 3.78 3.48
Price to Earnings (P/E)		 2.64 1.97 1.76 2.44 3.06 7.22 11.03 11.79 9.64 6.92
Dividend Yield		 0.00% 0.00% 0.00% 15.18% 15.43% 18.56% 26.58% 14.97% 15.78% 16.57%
Earnings Yield		 37.90% 50.88% 56.85% 41.01% 32.66% 13.84% 9.07% 8.48% 10.38% 14.45%
Enterprise Value to Invested Capital (EV/IC)		 1.54 0.95 0.53 1.14 1.14 0.87 1.53 1.24 1.02 0.93
Enterprise Value to Revenue (EV/Rev)		 0.86 0.86 0.50 1.29 1.59 1.25 2.38 2.06 3.00 2.68
Enterprise Value to EBITDA (EV/EBITDA)		 1.14 1.13 0.66 1.78 2.44 2.15 4.35 3.93 5.65 5.13
Enterprise Value to EBIT (EV/EBIT)		 1.25 1.24 0.73 2.06 3.01 2.89 6.29 6.03 9.96 10.19
Enterprise Value to NOPAT (EV/NOPAT)		 1.26 0.91 0.53 1.39 1.83 3.56 8.11 8.13 9.67 6.55
Enterprise Value to Operating Cash Flow (EV/OCF)		 1.22 1.33 0.69 1.75 2.27 1.61 3.54 3.36 4.86 4.55
Enterprise Value to Free Cash Flow (EV/FCFF)		 1.55 1.91 1.04 3.22 5.19 2.71 6.11 5.33 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -0.58 -0.54 -0.57 -0.55 -0.56 -0.53 -0.53 -0.50 -0.36 -0.38
Leverage Ratio		 1.38 1.30 1.29 1.29 1.27 1.23 1.24 1.24 1.25 1.24
Compound Leverage Factor		 1.38 1.37 1.44 1.55 1.46 1.49 1.64 1.73 1.47 1.37
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 1.53 2.11 1.66 2.03 2.15 1.83 2.12 1.90 1.33 1.27
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Current Ratio		 3.87 4.82 4.89 4.56 4.72 5.63 4.70 5.14 2.14 2.11
Quick Ratio		 3.75 4.59 4.71 4.41 4.65 5.57 4.60 5.05 2.06 2.01
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 21 -25 -89 -93 -79 18 22 23 -94 -130
Operating Cash Flow to CapEx		 291.54% 232.06% 423.54% 176.30% 2,000.55% 4,142.02% 1,420.38% 596.86% 215.01% 210.98%
Free Cash Flow to Firm to Interest Expense		 1,750.75 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 4,622.83 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 3,037.17 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.62 0.53 0.47 0.40 0.32 0.25 0.24 0.24 0.21 0.22
Accounts Receivable Turnover		 8.36 9.04 9.01 7.26 6.02 5.22 5.55 5.44 4.44 5.44
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 2.23 2.19 1.95 1.53 1.18 1.01 0.90 0.83 0.53 0.55
Accounts Payable Turnover		 0.08 0.90 0.00 0.00 0.00 0.98 0.00 0.00 0.00 0.89
Days Sales Outstanding (DSO)		 43.66 40.37 40.53 50.29 60.61 69.86 65.71 67.08 82.21 67.07
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 4,842.42 407.18 0.00 0.00 0.00 371.27 0.00 0.00 0.00 408.01
Cash Conversion Cycle (CCC)		 -4,798.76 -366.81 40.53 50.29 60.61 -301.41 65.71 67.08 82.21 -340.94
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 142 230 224 231 237 214 211 214 353 361
Invested Capital Turnover		 2.01 1.51 1.42 1.15 0.90 0.67 0.62 0.58 0.41 0.44
Increase / (Decrease) in Invested Capital		 33 125 110 107 96 -16 -13 -17 115 147
Enterprise Value (EV)		 218 218 119 262 271 186 323 265 361 336
Market Capitalization		 459 476 407 486 503 440 532 476 455 436
Book Value per Share		 $10.41 $13.23 $13.88 $12.32 $12.70 $12.62 $11.31 $11.44 $12.02 $12.38
Tangible Book Value per Share		 $10.41 $13.23 $11.42 $9.90 $12.70 $12.62 $11.31 $11.44 $12.02 $12.38
Total Capital		 382 488 512 455 470 468 420 425 447 461
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -241 -257 -288 -224 -232 -254 -208 -211 -94 -100
Capital Expenditures (CapEx)		 19 13 9.41 14 1.28 0.63 1.10 1.91 9.70 12
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -34 -16 -30 -25 -27 -25 -24 -20 -27 -32
Debt-free Net Working Capital (DFNWC)		 207 242 258 199 205 229 184 191 67 67
Net Working Capital (NWC)		 207 242 258 199 205 229 184 191 67 67
Net Nonoperating Expense (NNE)		 -0.14 -5.54 -2.55 -2.83 -2.49 -0.32 -2.71 -2.57 -3.94 -1.13
Net Nonoperating Obligations (NNO)		 -241 -257 -288 -224 -232 -254 -208 -211 -94 -100
Total Depreciation and Amortization (D&A)		 4.67 4.85 5.07 5.36 5.85 5.89 5.75 6.01 9.95 11
Debt-free, Cash-free Net Working Capital to Revenue		 -13.47% -6.23% -12.44% -12.47% -15.87% -17.10% -17.70% -15.81% -22.67% -25.90%
Debt-free Net Working Capital to Revenue		 81.78% 95.03% 107.42% 97.58% 120.08% 153.75% 135.85% 148.83% 55.57% 53.52%
Net Working Capital to Revenue		 81.78% 95.03% 107.42% 97.58% 120.08% 153.75% 135.85% 148.83% 55.57% 53.52%
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.46 $2.86 $0.64 $0.45 $0.51 $0.05 $0.30 $0.24 $0.69 $0.47
Adjusted Weighted Average Basic Shares Outstanding		 36.80M 36.75M 36.86M 36.89M 36.97M 36.94M 37.04M 37.08M 37.13M 37.11M
Adjusted Diluted Earnings per Share		 $1.45 $2.83 $0.64 $0.45 $0.50 $0.05 $0.30 $0.24 $0.69 $0.46
Adjusted Weighted Average Diluted Shares Outstanding		 37.15M 37.15M 37.11M 37.10M 37.16M 37.13M 37.13M 37.16M 37.18M 37.19M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 36.87M 36.88M 36.90M 36.97M 37.09M 37.10M 37.13M 37.18M 37.21M 37.15M
Normalized Net Operating Profit after Tax (NOPAT)		 38 27 15 9.85 11 9.13 5.89 4.41 6.13 7.16
Normalized NOPAT Margin		 52.99% 47.68% 34.46% 29.47% 29.77% 26.92% 19.46% 16.98% 20.38% 18.37%
Pre Tax Income Margin		 75.78% 72.53% 55.06% 49.78% 48.94% 46.43% 36.74% 33.85% 33.42% 27.69%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 4,478.08 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 4,465.83 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 2,892.42 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 2,880.17 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 37.03% 47.36% 133.95% 292.87% 177.55% 152.42% 114.84%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 37.03% 47.36% 133.95% 292.87% 177.55% 152.42% 115.21%

Financials Breakdown Chart

Key Financial Trends

SandRidge Energy’s recent financials show a company that is still producing solid cash and profits, but the trend from 2022 to 2024 is clearly softer. Revenue, earnings, and cash from operations all remain positive in 2024, yet they are well below the unusually strong levels seen in 2022 and mostly below 2023 as well. The balance sheet still looks liquid, with a large cash position and modest debt-like liabilities, but cash fell sharply in some quarters because of dividends, acquisitions, and investment spending.

For Q4 2024 specifically, the company generated $38.97 million in revenue and $17.58 million in net income, or $0.46 diluted EPS. Operating cash flow was $26.0 million, while net change in cash was still positive at $5.43 million despite $16.0 million of investing outflows and $4.5 million of financing outflows. That suggests the business remained cash-generative even after capital spending, acquisitions, and dividends.

Looking at the full 2024 pattern, profitability weakened versus 2023 and 2022. Quarterly revenue in 2024 ranged from about $26.0 million to $39.0 million, compared with stronger quarters in 2023 and much stronger results in 2022. Net income also stepped down from the exceptional 2022 levels and was generally lower than the comparable 2023 periods. That points to a more normalized earnings environment, not a growth surge.

Cash flow remained a bright spot. Across 2024, operating cash flow was consistently positive: $15.7 million in Q1, $11.4 million in Q2, $20.8 million in Q3, and $26.0 million in Q4. Even with capital spending and acquisitions, the company continued to fund dividends and investments from internal cash generation, which is a healthy sign for an energy producer.

The balance sheet also remains solid from a liquidity standpoint. At the end of Q3 2024, SandRidge had $92.7 million in cash and equivalents and $1.4 million of restricted cash against $118.5 million in total liabilities. Current assets exceeded current liabilities, suggesting manageable short-term financial pressure. However, cash declined from $209.9 million in Q2 to $92.7 million in Q3, so liquidity should be watched closely quarter to quarter.

  • Strong operating cash flow: SandRidge generated positive operating cash flow in every 2024 quarter, culminating in $26.0 million in Q4.
  • Profitable quarter in Q4 2024: Net income of $17.6 million and diluted EPS of $0.46 show the business is still earning money.
  • Healthy liquidity: Cash and equivalents were $92.7 million at Q3 2024, with current assets above current liabilities.
  • Low leverage profile: Total liabilities of $118.5 million remain modest relative to equity of $446.8 million at Q3 2024.
  • Shareholder returns continue: The company kept paying dividends in 2024.
  • Asset base is stable but not expanding rapidly: Total assets moved around the mid-$500 million range, without major balance sheet growth.
  • Capital spending remains controlled: Quarterly capex was present but not excessive, ranging from roughly $1.1 million to $12.8 million in 2024.
  • Acquisitions are still part of the strategy: SandRidge spent on acquisitions in several quarters, including a sizable $123.8 million outflow in Q3 2024.
  • Profitability is down from 2022: 2022 featured much stronger revenue and earnings, so 2024 looks weaker by comparison.
  • Cash balance fell sharply in one quarter: Cash dropped from $209.9 million in Q2 2024 to $92.7 million in Q3 2024 after heavy investing activity.

Bottom line: SandRidge Energy appears financially stable and still cash-generative, but it is no longer producing the outsized results seen in 2022. For retail investors, the stock’s appeal looks tied more to ongoing cash generation, dividends, and a relatively clean balance sheet than to rapid growth.

06/04/26 12:08 AM ETAI Generated. May Contain Errors.

SandRidge Energy Financials - Frequently Asked Questions

According to the most recent income statement we have on file, SandRidge Energy's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

SandRidge Energy's net income appears to be on a downward trend, with a most recent value of $62.99 million in 2024, falling from $242.17 million in 2022. The previous period was $60.86 million in 2023. See SandRidge Energy's forecast for analyst expectations on what's next for the company.

SandRidge Energy's total operating income in 2024 was $33.23 million, based on the following breakdown:
  • Total Gross Profit: $85.28 million
  • Total Operating Expenses: $52.05 million

Over the last 2 years, SandRidge Energy's total revenue changed from $254.26 million in 2022 to $125.29 million in 2024, a change of -50.7%.

SandRidge Energy's total liabilities were at $120.98 million at the end of 2024, a 14.1% increase from 2023, and a 7.5% increase since 2022.

In the past 2 years, SandRidge Energy's cash and equivalents has ranged from $98.13 million in 2024 to $255.72 million in 2022, and is currently $98.13 million as of their latest financial filing in 2024.

Over the last 2 years, SandRidge Energy's book value per share changed from 13.23 in 2022 to 12.38 in 2024, a change of -6.5%.


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Financial statements for NYSE:SD last updated on 4/6/2025 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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