SandRidge Energy Q1 net income $34.7M ($0.95 EPS), production 17.8 MBoed, adjusted EBITDA $39.4M

SANDRIDGE ENERGY INC

2022-Q1 EPS reported $0.94 revenue$57,487,000

Net income $34.7M ($0.95 per share); adjusted net income $34.9M ($0.95 per share).
Production 17.8 MBoed, up from 17.5 MBoed in Q1 2021 despite no drilling activity over prior twelve months.
Adjusted EBITDA $39.4M vs $37.5M in prior quarter.
Company had no open hedge positions as of March 31, 2022.
Procured $4.7M in materials for 2022 capital program to mitigate inflation.

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