SandRidge Q2 net income $16.6M, adjusted EBITDA $20.0M, declares $0.10 dividend

SANDRIDGE ENERGY INC

2023-Q2 EPS reported $1.09 revenue$76,566,000

Net income Q2 2023: $16.6M ($0.45/basic share); adjusted net income $14.0M ($0.38/basic share).
Adjusted EBITDA $20.0M; six-month free cash flow ~$39.5M (77% conversion rate).
Declared $0.10/share quarterly dividend payable Aug 28, 2023 to holders of record Aug 14, 2023.
Closed acquisition of working interest in 26 NW Stack wells for $11.3M, adding ~500 boe/d (~30% oil).
Interest income $2.9M in Q2; G&A $2.5M ($1.55/Boe), adjusted G&A $1.9M ($1.21/Boe).

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

SANDRIDGE ENERGY INC reported the three months ended June 30, 2023 results: net income $16.6 million, EPS $0.45 per basic share.

Period: the three months ended June 30, 2023
Net income: $16.6 million
EPS: $0.45 per basic share
Result: reported results

Exact text from the filing

For the three months ended June 30, 2023, the Company reported net income of $16.6 million, or $0.45 per basic share

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Source: SEC EDGAR

accession 0001628280-23-026827

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