SandRidge Q1 net income $13M ($0.35/sh); revenue up 41% YoY; declares $0.11 dividend

SANDRIDGE ENERGY INC

2025-Q1 EPS reported $0.35 revenue$42,604,000

Net income of $13.0M ($0.35 basic EPS); adjusted net income $14.5M ($0.39 adjusted EPS).
Oil, natural gas and NGL revenue of $42.6M, up 41% vs Q1 2024; production averaged 17.9 MBoe/d (+17% Boe).
Board declared $0.11/share cash dividend payable June 2, 2025 to holders of record May 19, 2025.
Repurchased $5.0M of company stock in Q1; ended quarter with $101.1M cash and no debt.
First well of operated 1-rig Cherokee drilling program drilled with first production expected mid-May.

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