Business
SANDRIDGE ENERGY, INC. ANNOUNCES FINANCIAL AND OPERATING RESULTS FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2026, AN 8% INCREASE TO ITS ON-GOING QUARTERLY DIVIDEND TO $0.13 PER SHARE, AND A ONE-TIME DIVIDEND OF $0.20 PER SHARE
SandRidge Energy, Inc. (the "Company" or "SandRidge") (NYSE: SD) today announced financial and operational results for the three-month period ended March 31, 2026.
About this update from Sandridge Energy, Inc.
[{"type":"text","content":"OKLAHOMA CITY, May 6, 2026 /PRNewswire/ -- SandRidge Energy, Inc. (the "Company" or "SandRidge") (NYSE: SD) today announced financial and operational results for the three-month period ended March 31, 2026.","length":231,"tagName":"p"},{"type":"image","alt":"SandRidge Energy, Inc. logo. (PRNewsFoto/SandRidge Energy, Inc.)","displaySize":"","headline":null,"caption":"SandRidge Energy, Inc. logo. (PRNewsFoto/SandRidge Energy, Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":144,"url":"https://media.zenfs.com/en/prnewswire.com/ecfed199746f44ea74a177195a997bb2"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/F93x7PsE8R7h7tTRok8UDg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI1NA--/https://media.zenfs.com/en/prnewswire.com/ecfed199746f44ea74a177195a997bb2","width":400,"height":144}},"href":"https://mma.prnewswire.com/media/95357/sandridge_energy__inc__logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Recent Highlights","length":17,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"On May 5, 2026, the Board increased its on-going quarterly dividend program by 8% to $0.13 per share. In addition, the Board declared a one-time dividend of $0.20 per share. Both dividends are payable on June 1, 2026 to stockholders of record on May 20, 2026. Stockholders can elect to receive the dividends in cash or additional shares of common stock by enrolling in the Company's previously announced Dividend Reinvestment Plan","length":439,"tagName":"p"}]},{"val":[{"type":"text","content":"As of March 31, 2026, the Company had $104.1 million of cash and cash equivalents, including restricted cash","length":113,"tagName":"p"}]},{"val":[{"type":"text","content":"Production averaged 18.6 MBoe per day during the first quarter, an increase of 4% on a Boe basis versus the same period in 2025. Oil production increased 31% and total revenues increased 17% during the quarter versus the same period in 2025, driven primarily by new production from our operated development program","length":314,"tagName":"p"}]},{"val":[{"type":"text","content":"During the quarter, the Company successfully drilled two and completed three wells as part of its ongoing one-rig Cherokee development program. In April, the third well drilled in 2026 achieved the lowest...