SandRidge Energy Q4 Net Income Rises 23% as Production Hits 1.797 MBoe
SandRidge Energy posted Q4 net income of $21.6 million (59¢ per share), up from $17.6 million a year earlier, while adjusted EBITDA rose to $25.5 million. Production increased to 1.797 MBoe (19.5 MBoe/d) and free cash flow reached $14.4 million, supported by lower operating expenses.
1. Quarterly Earnings and Production Growth
SandRidge Energy reported Q4 net income of $21.6 million (59¢ per share), up from $17.6 million a year earlier, while adjusted EBITDA rose to $25.5 million from $24.1 million. Total production climbed to 1.797 million barrels of oil equivalent (19.5 MBoe/d), compared with 1.754 MBoe (19.1 MBoe/d) in Q4 2024.
2. Commodity Prices and Revenue Impact
Oil, gas and NGL revenues totaled $39.4 million, a 1% increase year-over-year. Realized oil price fell to $57.56 per barrel from $71.44, natural gas price rose to $2.20 per Mcf from $1.47, and NGL price declined to $14.92 per barrel, driving an overall realized price of $21.92 per Boe.
3. Cost Efficiency and Free Cash Flow
Free cash flow reached $14.4 million versus $13.2 million in Q4 2024, supported by lease operating expenses of $7.8 million ($4.34 per Boe) and adjusted G&A of $2.7 million ($1.53 per Boe). Efficiency gains from utility cost reductions and fewer workovers contributed to lower operating costs.
4. 2026 Guidance and Capital Allocation
For 2026, SandRidge expects production of 6.4–7.7 million Boe (including 1.2–1.7 million barrels of oil and 17.8–21 Bcf of gas) and capital expenditures of $76–97 million. The company held $112.3 million in cash with no debt and declared a quarterly dividend of 12¢ per share.