SandRidge Energy Q2 net income $16.3M ($0.45 EPS); launches $25M buyback

SANDRIDGE ENERGY INC

2021-Q2 EPS reported $1.38 revenue$67,819,000

Net income of $16.3M ($0.45 per share); adjusted net income of $16.5M ($0.45 per share).
Net cash increased $14.1M QoQ to $70.6M; total cash $90.6M as of June 30, 2021.
Board authorized $25M share repurchase program, starting as early as August 16, 2021.
Q2 production 19.0 MBoed, up from 17.5 MBoed in prior quarter despite no new drilling.
Acquired overriding royalty interests from SandRidge Mississippian Royalty Trust for $3.6M net.

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