---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-015828"
form_type: "8-K"
ticker: "SD"
cik: "0001349436"
company_name: "SANDRIDGE ENERGY INC"
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T21:18:42.159497+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001628280-23-015828
- form_type: 8-K
- ticker: SD
- cik: 0001349436
- company_name: SANDRIDGE ENERGY INC
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1349436/000162828023015828/0001628280-23-015828-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1349436/000162828023015828/sd-20230504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-015828
- JSON: https://secwatch.observer/filing/0001628280-23-015828.json
- Plain text: https://secwatch.observer/filing/0001628280-23-015828.txt

## Key facts
- Earnings Releases
  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
  source text: First quarter net income was $23.8 million, or $0.64 per basic share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1349436/000162828023015828/0001628280-23-015828-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.