SandRidge Energy reports 2023 net income $60.9M; declares $0.11 dividend

SANDRIDGE ENERGY INC

Net income $60.9M ($1.65 basic EPS); adjusted net income $69.0M ($1.87 basic EPS).
Adjusted EBITDA $93.2M; free cash flow $89.2M (96% conversion).
Production 16.9 MBoed in 2023; oil production up ~10% YoY.
Declared $0.11/share dividend payable March 29; cumulative dividends $3.70/share through Feb 2024.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

SANDRIDGE ENERGY INC reported the quarter and fiscal year ended December 31, 2023 results: net income $60.9 million, or $1.65 per basic share.

Period: the quarter and fiscal year ended December 31, 2023
Net income: $60.9 million, or $1.65 per basic share
Result: reported results

Exact text from the filing

On March 6, 2024, SandRidge Energy, Inc. issued a press release announcing financial and operational results for the quarter and year ended 2023.

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Source: SEC EDGAR

accession 0001628280-24-009473

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