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SandRidge intends to spend around $75 million on capex in 2025, up from $27 million in 2024. This is expected to slightly increase its oil production from Q4 2024 levels. SandRidge is projected to generate $28 million in free cash flow at the current strip.
SandRidge Energy (NYSE:SD ) Q4 2024 Earnings Conference Call March 11, 2025 2:00 PM ET Company Participants Scott Prestridge – Senior Vice President, Finance and Strategy Grayson Pranin – Chief Executive Officer Jonathan Frates – Chief Financial Officer Dean Parrish – Chief Operating Officer Brandon Brown – Chief Accounting Officer Conference Call Participants Christopher Dowd – Third Avenue Management Sergey Pigarev – Freedom Broker Operator Good afternoon. My name is Audra, and I will be your conference operator today.
OKLAHOMA CITY , March 10, 2025 /PRNewswire/ -- SandRidge Energy, Inc. (the "Company" or "SandRidge") (NYSE: SD) today announced financial and operational results for the quarter and fiscal year ended December 31, 2024. Recent Highlights On March 7, 2025, the Board declared a cash dividend of $0.11 per share of the Company's common stock, payable on March 31, 2025 to shareholders of record on March 20, 2025 In 2024, paid $16.4 million in regular quarterly dividends and a one-time special dividend of $55.9 million As of December 31, 2024, the Company had $99.5 million of cash and cash equivalents, including restricted cash Production averaged 19.1 MBoe per day during the fourth quarter, an increase of 19% on a Boe basis versus the same period in 2023.
OKLAHOMA CITY , March 10, 2025 /PRNewswire/ -- SandRidge Energy, Inc. (the "Company" or "SandRidge") (NYSE: SD) today announced plans to release fourth quarter and full year 2024 operational and financial results after the close of trading on Monday, March 10, 2025. SandRidge will host a conference call on Tuesday, March 11, 2025 at 1:00 p.m.
SandRidge Energy has a strong financial position with substantial cash reserves and no long-term debt. The recent Anadarko acquisition, funded by cash, is expected to be accretive and increase the percentage of oil produced. The acquisition's proximity to existing operations minimizes risks.
SandRidge's legacy asset production increased by 7% in July/August compared to Q2 2024. This was primarily driven by NGL volumes boosted by ethane recovery, although oil volumes were still up marginally, halting previous declining trends. September production volumes only increased by around 3,000 BOEPD compared to July/August despite adding assets that previously produced around 6,000 BOEPD.
OKLAHOMA CITY , Oct. 1, 2024 /PRNewswire/ -- SandRidge Energy, Inc. (the "Company" or "SandRidge") (NYSE: SD) today announced changes to the Board and Management that will further position the Company to execute on its strategy. Vincent ("Vince") Intrieri has been appointed by the Board, by recommendation of the Nominating and Governance Committee, as Chairman effective October 1, 2024.
OKLAHOMA CITY , Sept. 3, 2024 /PRNewswire/ -- SandRidge Energy, Inc. (the "Company" or "SandRidge") (NYSE: SD) today announced the closing of its previously announced acquisition of certain producing assets and leasehold interests in the Cherokee play of the Western Anadarko Basin for $144 million, before customary purchase price adjustments.
SandRidge Energy, Inc. (NYSE:SD ) Q2 2024 Earnings Conference Call August 8, 2024 2:00 PM ET Company Participants Scott Prestridge – Senior Vice President of Finance and Strategy Grayson Pranin – Chief Executive Officer Brandon Brown – Chief Financial Officer Dean Parrish – Chief Operating Officer Conference Call Participants Jesús León – Castañar Investment Operator Hello and welcome to the SandRidge Energy Conference Call. All lines have been placed on mute to prevent any background noise.
Lower production volumes and reduced realized prices for natural gas hurt SandRidge Energy's (SD) earnings in Q2.