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SandRidge had another great quarter. A huge cash balance should be returned to shareholders.
SandRidge generated $30.4 million free cash flow in Q1 2023. It benefited from derivative settlements and working capital changes, while interest income added $2.5 million for the quarter.
OKLAHOMA CITY , May 4, 2023 /PRNewswire/ – SandRidge Energy, Inc. (the "Company" or "SandRidge") (NYSE: SD) today announced financial and operational results for the three-month period ended March 31, 2023. Recent Highlights First quarter net income was $23.8 million, or $0.64 per basic share.
SandRidge is projected to generate $69 million in free cash flow in 2023. Production may decline by high-single digits compared to Q4 2022 as it limits development activity.
OKLAHOMA CITY, Okla. , March 15, 2023 /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, 2022.
SD is selling off with natural gas producer equities. The company is growing oil production quickly.
Natural gas prices have decreased sharply, reducing SandRidge's projected free cash flow as its production is over 50% natural gas. It also has a limited amount of hedges, with around 20% of its Q1 2023 natural gas production hedged and nothing reported beyond that.
SandRidge resumes oil production growth after years of declines. The company's net cash position continues to grow.
SandRidge Energy, Inc. (NYSE:SD ) Q3 2022 Results Conference Call November 3, 2022 11:00 AM ET Company Participants Scott Prestridge - Director, Finance and Investor Relations Grayson Pranin - President, CEO & COO Salah Gamoudi - EVP, CFO & CAO Dean Parrish - SVP of Operations Conference Call Participants Josh Young - Bison Jeff Robertson - Water Tower Research Harvey Sax - Alpha Wealth Funds Operator Ladies and gentlemen, thank you for standing by, and welcome to the Q3 2022 SandRidge Energy Conference call. At this time, our all lines are in a listen-only mode.
OKLAHOMA CITY , Oct. 28, 2022 /PRNewswire/ -- SandRidge Energy, Inc. (the "Company" or "SandRidge") (NYSE: SD) today announced plans to release third quarter 2022 operational and financial results after the close of trading on Wednesday, November 2, 2022. SandRidge will host a conference call on Thursday, November 3, 2022 at 10:00 a.m.