SANDRIDGE ENERGY INC
For the period ended Jun 30, 2024. Filed Aug 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.
Jun 30, 2024 · Filed Aug 8, 2024
SD$12.58+2.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Income Statements
CONDENSED CONSOLIDATED INCOME STATEMENTS (Unaudited)
(In thousands, except per share data)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues | ||||
| Oil, natural gas and NGL | $25,977 | $33,419 | $56,260 | $76,566 |
| Total revenues | 25,977 | 33,419 | 56,260 | 76,566 |
| Expenses | ||||
| Lease operating expenses | 8,738 | 8,802 | 19,630 | 20,496 |
| Production, ad valorem, and other taxes | 1,841 | 2,740 | 3,737 | 6,491 |
| Depreciation and depletion — oil and natural gas | 4,350 | 3,744 | 8,426 | 7,198 |
| Depreciation and amortization — other | 1,664 | 1,615 | 3,342 | 3,233 |
| General and administrative | 3,050 | 2,476 | 6,382 | 5,385 |
| Restructuring expenses | 81 | 262 | 81 | 301 |
| Employee termination benefits | — | — | — | 19 |
| (Gain) loss on derivative contracts | — | — | — | (1,447) |
| Other operating (income) expense, net | 33 | (27) | 24 | (121) |
| Total expenses | 19,757 | 19,612 | 41,622 | 41,555 |
| Income from operations | 6,220 | 13,807 | 14,638 | 35,011 |
| Other income (expense) | ||||
| Interest income (expense), net | 2,491 | 2,828 | 5,189 | 5,327 |
| Other income (expense), net | 83 | 2 | 92 | 57 |
| Total other income (expense) | 2,574 | 2,830 | 5,281 | 5,384 |
| Income (loss) before income taxes | 8,794 | 16,637 | 19,919 | 40,395 |
| Income tax (benefit) expense | — | — | — | — |
| Net income (loss) | $8,794 | $16,637 | $19,919 | $40,395 |
| Net income (loss) per share | ||||
| Basic | $0.24 | $0.45 | $0.54 | $1.10 |
| Diluted | $0.24 | $0.45 | $0.54 | $1.09 |
| Weighted average number of common shares outstanding | ||||
| Basic | 37,083 | 36,892 | 37,063 | 36,876 |
| Diluted | 37,158 | 37,097 | 37,108 | 37,085 |
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