earnings
confidence high
sentiment positive
materiality 0.65
SandRidge Energy reports 2022 net income $242.2M; adjusted EBITDA $191.2M; provides 2023 guidance
SANDRIDGE ENERGY INC
- FY2022 net income $242.2M ($6.59 basic EPS); adjusted net income $171.5M ($4.67 basic EPS).
- Adjusted EBITDA $191.2M in 2022, up from $113.5M in 2021; free cash flow $120.6M.
- Q4 2022 net income $105.2M ($2.86/share); adjusted net income $38.0M ($1.03/share).
- Full-year 2022 production averaged 17.7 MBoed; plans to drill two new wells in 2023.
- Natural gas derivative contracts have $4.4M positive mark-to-market asset as of Dec 31, 2022.