secwatch.observer — SEC 8-K summary
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Issuer:     SANDRIDGE ENERGY INC (SD)
CIK:        0001349436
Form:       8-K
Filed at:   2021-11-09T23:59:59+00:00
Accession:  0001628280-21-022596
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1349436/000162828021022596/0001628280-21-022596-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1349436/000162828021022596/sd-20211109.htm
  HTML page:      https://secwatch.observer/filing/0001628280-21-022596

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer