SandRidge Energy reports Q4 net income $36.8M, 2021 net cash $139.5M, provides 2022 guidance

SANDRIDGE ENERGY INC

2021 net income $116.7M ($3.21/sh); adjusted net income $96.3M ($2.65/sh); Adjusted EBITDA $113.5M vs $53.4M prior year.
Net cash increased $131.3M YoY to $139.5M ($3.80/sh) as of Dec 31, 2021.
Q4 net income $36.8M ($1.01/sh); adjusted net income $32.9M ($0.90/sh); Q4 adjusted EBITDA $37.5M.
2022 guidance: drill & complete 9 new wells on Northwest Stack; continue high-return well reactivation program.
Reduced adjusted G&A by $5.8M to $8.3M; LOE down $7.4M to $36.0M; returned 129 curtailed wells to production.

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