secwatch.observer — SEC 8-K summary
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Issuer:     SANDRIDGE ENERGY INC (SD)
CIK:        0001349436
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001628280-24-045877
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SandRidge Q3 net income $25.5M; declares $0.11 dividend; closes $123.8M acquisition
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- Q3 net income $25.5M ($0.69 basic); adjusted net income $7.1M ($0.19). Revenue $30.1M.
- Production averaged 17.0 MBoe/d in Q3; Sept (incl. new assets) ~19 MBoe/d (+27% vs Q2).
- Board declared $0.11/share cash dividend payable Nov 29 to holders of record Nov 15.
- Closed $123.8M acquisition of Cherokee play assets (44 wells, 4 DUCs) Aug 30; first DUC ~1,000 Boe/d (70% oil).
- $94.1M cash, no debt; free cash flow $10.9M in Q3, $34.4M YTD (76% conversion).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1349436/000162828024045877/0001628280-24-045877-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1349436/000162828024045877/sd-20241105.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-045877

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