secwatch.observer — SEC 8-K summary
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Issuer:     SANDRIDGE ENERGY INC (SD)
CIK:        0001349436
Form:       8-K
Filed at:   2022-03-09T23:59:59+00:00
Accession:  0001628280-22-005593
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1349436/000162828022005593/0001628280-22-005593-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1349436/000162828022005593/sd-20220309.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-005593

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