secwatch.observer — SEC 8-K summary
======================================

Issuer:     SANDRIDGE ENERGY INC (SD)
CIK:        0001349436
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001628280-23-015828
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1349436/000162828023015828/0001628280-23-015828-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1349436/000162828023015828/sd-20230504.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-015828

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer