secwatch.observer — SEC 8-K summary
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Issuer:     SANDRIDGE ENERGY INC (SD)
CIK:        0001349436
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001628280-23-026827
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1349436/000162828023026827/0001628280-23-026827-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1349436/000162828023026827/sd-20230801.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-026827

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