SandRidge reports Q3 net income $18.7M, adj. EBITDA $22.6M; declares $0.10 dividend

SANDRIDGE ENERGY INC

2023-Q3 EPS reported $1.59 revenue$114,715,000

Q3 net income of $18.7M ($0.51 basic EPS); adjusted net income $16.2M ($0.44 basic).
Adjusted EBITDA of $22.6M for Q3 and $73.8M for nine months ended Sept 30, 2023.
Generated $24.2M free cash flow in Q3, over 85% conversion rate relative to adjusted EBITDA.
Declared $0.10/share cash dividend, payable Nov 27, 2023 to holders of record Nov 13.
Quarterly G&A $2.6M ($1.65/Boe); adjusted G&A $2.1M ($1.35/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 0.9

SANDRIDGE ENERGY INC reported three and nine-month periods ended September 30, 2023 results: net income $18.7 million, or $0.51 per basic share.

Period: three and nine-month periods ended September 30, 2023
Net income: $18.7 million, or $0.51 per basic share
Result: reported results

Exact text from the filing

SandRidge Energy, Inc. (the “Company” or “SandRidge”) (NYSE: SD) today announced financial and operational results for the three and nine-month periods ended September 30, 2023.

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Source: SEC EDGAR

accession 0001628280-23-037099

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