SandRidge Energy Inc
NYSE:SD
SandRidge Energy Inc
SandRidge Energy, Inc. engages in the exploration, development, and production of oil and natural gas. The company is headquartered in Oklahoma City, Oklahoma and currently employs 101 full-time employees. The company went IPO on 2007-11-08. The Company’s primary areas of operation are the Mid-Continent in Oklahoma and Kansas. The firm holds interests in over 1,442 gross producing wells, approximately 947 of which it operates, and approximately 551,000 gross total acres under lease located primarily in Oklahoma and Kansas. Its productive wells consist of wells that are producing hydrocarbons. The firm sells its oil, natural gas and natural gas liquids (NGLs) to a range of customers, including oil and natural gas companies and trading and energy marketing companies. The Company’s subsidiaries include Lariat Services, Inc., SandRidge Exploration and Production, LLC, SandRidge Holdings, Inc., SandRidge Midstream, Inc., SandRidge Operating Company and SandRidge Realty, LLC.
SandRidge Energy, Inc. engages in the exploration, development, and production of oil and natural gas. The company is headquartered in Oklahoma City, Oklahoma and currently employs 101 full-time employees. The company went IPO on 2007-11-08. The Company’s primary areas of operation are the Mid-Continent in Oklahoma and Kansas. The firm holds interests in over 1,442 gross producing wells, approximately 947 of which it operates, and approximately 551,000 gross total acres under lease located primarily in Oklahoma and Kansas. Its productive wells consist of wells that are producing hydrocarbons. The firm sells its oil, natural gas and natural gas liquids (NGLs) to a range of customers, including oil and natural gas companies and trading and energy marketing companies. The Company’s subsidiaries include Lariat Services, Inc., SandRidge Exploration and Production, LLC, SandRidge Holdings, Inc., SandRidge Midstream, Inc., SandRidge Operating Company and SandRidge Realty, LLC.
Production: Full-year production averaged 18.5 MBoe/d (up 12% Boe, 32% oil vs. 2024) and Q4 averaged 19.5 MBoe/d.
Financials: 2025 revenue was approximately $156 million (up 25% vs. 2024); adjusted EBITDA was $101.1 million for the year and roughly $25 million in the quarter.
Balance sheet: Cash (including restricted) was approximately $112.3 million (over $3 per share); the company has no debt and describes itself as negatively levered.
Capital plan: 2026 guidance: 6.4 million–7.7 million Boe production and $76 million–$97 million of CapEx; plan to drill 10 operated Cherokee wells and complete 8.
Returns & cost discipline: Management emphasized low operating and G&A costs (Q4 adjusted G&A ~$2.7M or $1.53/Boe) and breakeven economics for Cherokee wells around $35 WTI.
Capital returns: Q4 dividends of $4.4 million; Board declared $0.12/share payable March 31; repurchased ~600,000 shares ($6.4M) with $68.3M remaining authorization.
Hedging: Approximately 23% of the midpoint of 2026 guidance hedged (including ~37% of gas and ~27% of oil), with management layering hedges opportunistically.
