SANDRIDGE ENERGY INC
For the period ended Mar 31, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
SD$12.58+2.8%Stored close · as of Nov 10, 2026
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Condensed Consolidated Income Statements
CONDENSED CONSOLIDATED INCOME STATEMENTS (Unaudited)
(In thousands, except per share data)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenues | ||
| Oil, natural gas and NGL | $30,283 | $43,147 |
| Total revenues | 30,283 | 43,147 |
| Expenses | ||
| Lease operating expenses | 10,892 | 11,694 |
| Production, ad valorem, and other taxes | 1,896 | 3,751 |
| Depreciation and depletion — oil and natural gas | 4,076 | 3,454 |
| Depreciation and amortization — other | 1,678 | 1,618 |
| General and administrative | 3,332 | 2,909 |
| Restructuring expenses | — | 39 |
| Employee termination benefits | — | 19 |
| (Gain) loss on derivative contracts | — | (1,447) |
| Other operating (income) expense, net | (9) | (94) |
| Total expenses | 21,865 | 21,943 |
| Income from operations | 8,418 | 21,204 |
| Other income (expense) | ||
| Interest income (expense), net | 2,698 | 2,499 |
| Other income (expense), net | 9 | 55 |
| Total other income (expense) | 2,707 | 2,554 |
| Income (loss) before income taxes | 11,125 | 23,758 |
| Income tax (benefit) expense | — | — |
| Net income (loss) | $11,125 | $23,758 |
| Net income (loss) per share | ||
| Basic | $0.30 | $0.64 |
| Diluted | $0.30 | $0.64 |
| Weighted average number of common shares outstanding | ||
| Basic | 37,042 | 36,859 |
| Diluted | 37,134 | 37,110 |
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