earnings
confidence high
sentiment positive
materiality 0.70
SandRidge Energy Q2 net income $48.5M ($1.32/sh); Adjusted EBITDA $53.7M
SANDRIDGE ENERGY INC
2022-Q2 EPS reported
$2.24
revenue$127,247,000
- Q2 adjusted EBITDA $53.7M, up from $39.4M in Q1; net income $48.5M ($1.32/sh).
- Production 17.8 MBoed, flat vs Q1, with no new completions; 29 wells returned to production in H1.
- Drilled first two wells of 2022 program in Q2; completions and first production started in Q3.
- Updated 2022 guidance: added three new wells to D&C program; expanded well reactivation activity.
- No open hedge positions as of June 30, 2022; adjusted G&A $1.8M ($1.09/Boe), down from Q1.