SandRidge Energy Q1 net income $23.8M ($0.64/share); adjusted EBITDA $31.2M

SANDRIDGE ENERGY INC

2023-Q1 EPS reported $0.64 revenue$43,147,000

Net income of $23.8M ($0.64 basic EPS); adjusted net income $25.7M ($0.70/share).
Adjusted EBITDA $31.2M; free cash flow $30.4M representing ~98% conversion rate.
Drilled 2 wells in Q1; plans to drill 2 more in 2023; 182 wells returned to production since 2021.
Interest income ~$2.5M; realized derivative gains ~$5.9M in Q1.
G&A expense $2.9M ($1.94/Boe); adjusted G&A $2.5M ($1.68/Boe).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SANDRIDGE ENERGY INC reported the three-month period ended March 31, 2023 results: net income $23.8 million, EPS $0.64 per basic share.

Period: the three-month period ended March 31, 2023
Net income: $23.8 million
EPS: $0.64 per basic share
Result: reported results

Exact text from the filing

First quarter net income was $23.8 million, or $0.64 per basic share.

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Source: SEC EDGAR

accession 0001628280-23-015828

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