secwatch.observer — SEC 8-K summary
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Issuer:     SANDRIDGE ENERGY INC (SD)
CIK:        0001349436
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001628280-24-035696
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SandRidge reports Q2 net income $8.8M; declares $0.11 dividend; agrees to $144M Cherokee acquisition
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- Q2 net income $8.8M ($0.24 diluted) vs $16.6M a year ago; adjusted net income $6.4M ($0.17).
- Oil, gas, NGL revenue $26.0M, down 22% YoY; production 1,363 MBoe (15.0 MBoe/d).
- Board declared $0.11/share cash dividend payable Aug 30 to holders of record Aug 16.
- Agreed to acquire Cherokee play assets for $144M cash, expected to close Q3 2024, funded from cash.
- Cash and equivalents $211.3M, no debt; free cash flow $23.5M in H1 2024 (85% conversion).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1349436/000162828024035696/0001628280-24-035696-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1349436/000162828024035696/sd-20240806.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-035696

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