NYSE$SD
SandRidge Energy Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Announced financial and operational results for the three-month period ended March 31, 2024.
SandRidge Energy reported a net income of $11.1 million, or $0.30 per basic share, and generated $14.5 million of free cash flow for the first quarter of 2024. The company's adjusted EBITDA was $14.7 million, and it declared a $0.11 per share cash dividend.
- Declared a $0.11 per share cash dividend payable on May 31, 2024.
- First quarter net income was $11.1 million, or $0.30 per basic share; adjusted net income was $8.4 million, or $0.23 per basic share.
- Adjusted EBITDA of $14.7 million for the three-month period ended March 31, 2024.
- Generated $14.5 million of free cash flow for the three-month period ended March 31, 2024, representing a 99% conversion rate relative to adjusted EBITDA.
Headline financials
Revenue & EPS history
SandRidge · Revenue · Quarterly
$30.3M
Forward guidance
SandRidge will continue to focus on growing the cash value and generation capability of its asset base in a safe, responsible and efficient manner, while exercising prudent capital allocations to projects it believes provide high rates of returns in the current commodity price outlook.
Tailwinds
- Focus on artificial lift conversions to more efficient and cost-effective systems.
- Capital-efficient workovers.
- Preserving future development and expanded well reactivations.
- 99% held by production acreage position that extends the option value to initiate projects in favorable commodity price environments.
- Optionality to execute on value accretive merger and acquisition opportunities.
Headwinds
- Monitoring forward-looking commodity prices.
- Monitoring results.
- Monitoring costs.
- Monitoring other factors that could influence returns on investments.
- Disciplined development decisions in 2024 and beyond.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+0.3%
Avg return
Earnings day
+0.9%
Avg return
5 days after
+1.0%
Avg return
30 days after
45%
17 / 38 earnings
Positive
+16.1%
Q3 2020
Best reaction
-20.3%
Q4 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.4% | +3.6% | +2.2% | |
| Q4 2025 | -4.5% | -7.0% | -14.5% | |
| Q3 2025 | +7.9% | +8.6% | +24.5% | |
| Q1 2025 | -3.1% | -5.2% | +14.5% | |
| Q4 2024 | +1.5% | +1.5% | -18.2% | |
| Q3 2024 | +8.2% | +4.4% | -2.9% | |
| Q2 2024 | +4.3% | +3.8% | -1.2% | |
| Q1 2024 | -3.9% | -2.9% | -6.4% | |
| Q4 2023 | +5.4% | +3.4% | +16.5% | |
| Q3 2023 | -9.2% | -11.4% | -16.9% | |
| Q2 2023 | -3.7% | -4.0% | -4.1% | |
| Q1 2023 | +8.6% | +7.3% | +11.6% | |
| Q4 2022 | +0.4% | +3.7% | +14.2% | |
| Q3 2022 | -4.0% | +12.4% | +5.0% | |
| Q2 2022 | -6.3% | -3.1% | +13.5% | |
| Q1 2022 | +1.1% | -12.3% | +34.2% | |
| Q4 2021 | +4.3% | -1.8% | +14.0% | |
| Q3 2021 | -5.2% | +4.7% | -24.4% | |
| Q2 2021 | +12.8% | +20.5% | +39.9% | |
| Q1 2021 | +7.7% | +11.4% | +38.9% | |
| Q4 2020 | -20.3% | -16.1% | -23.0% | |
| Q3 2020 | +16.1% | +25.0% | +53.1% | |
| Q2 2020 | -3.1% | +8.0% | +11.1% | |
| Q1 2020 | -3.4% | -1.3% | -4.0% | |
| Q4 2019 | +1.4% | +4.3% | -54.1% | |
| Q3 2019 | -16.1% | -23.9% | -16.3% | |
| Q2 2019 | -5.2% | -9.2% | -16.2% | |
| Q1 2019 | -1.7% | +1.2% | -22.4% | |
| Q4 2018 | -0.6% | -9.9% | +0.0% | |
| Q3 2018 | +15.5% | +12.3% | +4.6% | |
| Q2 2018 | -1.3% | -0.5% | -13.5% | |
| Q1 2018 | -3.5% | -3.5% | +2.3% | |
| Q4 2017 | -1.1% | +1.0% | -7.3% | |
| Q3 2017 | -0.2% | +3.8% | +0.6% | |
| Q2 2017 | -5.4% | -6.0% | -8.7% | |
| Q1 2017 | +9.3% | +9.2% | +5.2% | |
| Q4 2016 | -2.8% | -5.9% | -14.8% | |
| Q3 2016 | +6.3% | +8.1% | +0.6% | |
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