AI Earnings Predictions for SandRidge Energy Inc. (SD)

EX-99.1

6 sd9302026-ex991earningsrel.htm

EX-99.1

Document

Exhibit 99.1

SandRidge Energy, Inc. Announces Financial and Operating Results for the Three and Nine-Month Periods Ended September 30, 2026 and Declares Dividend of $0.13 per Share

Oklahoma City, Oklahoma, November 4, 2026 /PRNewswire/ – SandRidge Energy, Inc. (the “Company” or “SandRidge”) (NYSE: SD) today announced financial and operational results for the three and nine-month periods ended September 30, 2026.

Recent Highlights

•On November 3, 2026, the Board declared a dividend of $0.13 per share of the Company's common stock, payable on November 30, 2026 to stockholders of record on November 19, 2026. Stockholders can elect to receive the dividends in cash or additional shares of common stock by enrolling in the Company’s previously announced Dividend Reinvestment Plan

•Production averaged 20.9 MBoe per day during the third quarter, an increase of 10% on a Boe basis versus the same period in 2025. Oil production increased 8% and total revenues increased 37% during the quarter versus the same period in 2025, driven primarily by new production from our operated development program, higher commodity prices, and recently acquired assets for a portion of the quarter

•Third quarter net income of $30.6 million, or $0.83 per basic share. Adjusted net income(1) of $23.8 million or $0.64 per basic share

•Adjusted EBITDA(1) of $39.3 million for the three-month period ended September 30, 2026

•In the first nine months of 2026, the Company successfully completed seven gross wells as part of its ongoing one-rig Cherokee development program

•During the third quarter, the Company closed its previously announced acquisition of certain producing assets and leasehold interests in the Cherokee Play, expanding its efficient operations in the area with the addition of ~7,000 net leasehold acres, interests in 21 wells, and eight proven development locations

•As of September 30, 2026, the Company had $70.0 million of cash and cash equivalents, including restricted cash

•Despite a growing asset base, SandRidge maintained best-in-class administrative costs, with adjusted G&A(1) of $1.8 million, or $0.94 per Boe for the three-month period ended September 30, 2026

Grayson Pranin, SandRidge’s President, Chief Executive Officer & Director, commented on the quarter:

“The Company continues to increase production versus last year, driven by our one-rig program in the Cherokee Play and the closing of the previously announced bolt-on acquisition, extending our efficient operations in the area. I continue to be amazed by the team's record of five years without a recordable safety incident while maintaining a low G&A burden and folding new assets into the portfolio. The Company has benefited from strong WTI prices this past quarter and year, with current WTI futures providing a potential tailwind through the end of the year and into next. This provides a positive backdrop for integrating the new assets into our development plans."

1

Financial Results

Dollars in thousands (except per share data)3Q262Q26Change vs 2Q263Q25Change vs 3Q25

Net income$30,615 $26,693 $3,922 $15,953 $14,662

Net Income per share$0.83 $0.72 $0.11 $0.44 $0.39

Net cash provided by operating activities$32,131 $42,436 $(10,305)$25,269 $6,862

Adjusted net income(1) $23,795 $20,973 $2,822 $15,478 $8,317

Adjusted net income per share(1) $0.64 $0.57 $0.07 $0.42 $0.22

Adjusted operating cash flow(1) $39,344 $34,571 $4,773 $27,933 $11,411

Adjusted EBITDA(1) $39,309 $34,033 $5,276 $27,285 $12,024

Free cash flow(1) $10,475 $23,241 $(12,766)$5,919 $4,556

Operational Results & Update

Production, Revenue, & Realized Prices

3Q262Q26Change vs 2Q263Q25Change vs 3Q25

Production

MBoe1,9221,7971251,745177

MBoed20.919.71.219.01.9

Oil as percentage of production19%18%1%20%(1)%

Natural gas as percentage of production50%50%—%48%2%

NGLs as percentage of production31%32%(1)%32%(1)%

Revenues

Oil, natural gas and NGL revenues$54,416$51,117$3,299$39,822$14,594

Oil as percentage of revenues58%61%(3)%56%2%

Natural gas as percentage of revenues17%14%3%22%(5)%

NGLs as percentage of revenues25%25%—%22%3%

Realized Prices

Realized oil price per barrel$85.27$95.35$(10.08)$65.23$20.04

Realized natural gas price per Mcf$1.62$1.36$0.26$1.71$(0.09)

Realized NGL price per barrel$22.68$21.68$1.00$15.61$7.07

Realized price per Boe$28.32$28.45$(0.13)$22.82$5.50

Production volumes continue to benefit from the Company's ongoing drilling program, efficient production operations, and recently acquired assets which impacted a portion of the third quarter. Third quarter Boe production increased by approximately 10% versus the same period in 2025 and increased by approximately 7% versus the prior quarter. Oil production increased by approximately 8% relative to the same period last year and increased by approximately 13% versus the prior quarter. Revenues increased by 6% in the third quarter versus the second quarter

SEC.gov | Request Rate Threshold Exceeded

U.S. Securities and Exchange Commission

You’ve Exceeded the SEC’s Traffic Limit

Your request rate has exceeded the SEC’s maximum allowable requests per second. Your access to SEC.gov will be limited for 10 minutes.

Current guidelines limit each user to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. To ensure that SEC.gov remains available to all users, we reserve the right to block IP addresses that submit excessive requests.

The block will be lifted automatically by waiting 10 minutes. Continuing to exceed the SEC’s maximum allowable request rate during the time-out period will extend the duration of the time-out period. To ensure fair access for all users, please reduce the rate of your requests and visit SEC.gov again after the 10 minute time-out period has passed.

For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. For more information, contact opendata@sec.gov.

For more information, please see the SEC’s Web Site Privacy and Security Policy. Thank you for your interest in the U.S. Securities and Exchange Commission.

Reference ID: 0.c706d217.1786201277.ff6fddb9

More Information

Internet Security Policy

By using this site, you are agreeing to security monitoring and auditing. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users.

Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. §§ 1001 and 1030).

To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. We reserve the right to block IP addresses that submit excessive requests. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests.

If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website.

Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users.

Note: We do not offer technical support for developing or debugging scripted downloading processes.

SEC.gov | Request Rate Threshold Exceeded

U.S. Securities and Exchange Commission

You’ve Exceeded the SEC’s Traffic Limit

Your request rate has exceeded the SEC’s maximum allowable requests per second. Your access to SEC.gov will be limited for 10 minutes.

Current guidelines limit each user to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. To ensure that SEC.gov remains available to all users, we reserve the right to block IP addresses that submit excessive requests.

The block will be lifted automatically by waiting 10 minutes. Continuing to exceed the SEC’s maximum allowable request rate during the time-out period will extend the duration of the time-out period. To ensure fair access for all users, please reduce the rate of your requests and visit SEC.gov again after the 10 minute time-out period has passed.

For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. For more information, contact opendata@sec.gov.

For more information, please see the SEC’s Web Site Privacy and Security Policy. Thank you for your interest in the U.S. Securities and Exchange Commission.

Reference ID: 0.c706d217.1784556203.1fed4fe

More Information

Internet Security Policy

By using this site, you are agreeing to security monitoring and auditing. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users.

Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. §§ 1001 and 1030).

To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. We reserve the right to block IP addresses that submit excessive requests. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests.

If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website.

Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users.

Note: We do not offer technical support for developing or debugging scripted downloading processes.