SandRidge Q3 net income $28.6M; cash jumps to $99M, debt eliminated

SANDRIDGE ENERGY INC

2021-Q3 EPS reported $2.15 revenue$114,403,000

Net income $28.6M ($0.78/sh) vs $16.3M ($0.45/sh) prior quarter; adjusted net income $29.4M ($0.80/sh).
Cash and cash equivalents $99.0M, up $28.4M QoQ; repaid $20M term loan, no debt outstanding.
Q3 production 18.7 MBoed (vs 19.0 MBoed prior); realized oil $69.40, nat gas $2.89, NGL $26.93.
Hedges cover ~13% of Q3 production at avg $4.07/MMbtu nat gas, $1.20/gal NGL; unhedged from Mar 2022.
Exploring CCUS potential with University of Oklahoma cooperation agreement.

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