SandRidge Energy, Inc. (SD) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by and welcome to the Sandridge Energy second quarter 2025 earnings conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, again, press star one. Thank you. I'd now like to turn the call over to Scott Prestridge, SVP of Finance and Strategy. You may begin. Thank you and welcome everyone. With me today are Grayson Prannon, our CEO, Jonathan Freitas, our CFO, Brandon Brown, our CAO, as well as Dean Parrish, our COO. We would like to remind you that today's call contains forward looking statements and assumptions which are subject to risk and uncertainty and actual results may differ materially from those projected in these forward looking statements. These statements are not guarantees of future performance, and our actual results may differ materially due to known and unknown risks and uncertainties, as discussed in greater detail in our earnings release and our SEC filings. We may also refer to adjusted EBITDA and adjusted GNA and other non-GAAP financial measures. Reconciliations of these measures can be found on our website. With that, I'll turn the call over to Grayson. Thank you, and good afternoon. I'm pleased to report on a positive quarter in the first half for the company. Second quarter production averaged just under 18 MBOE per day, an increase of approximately 19% on a BOE basis and 46% on oil, translating to a roughly 33% increase in revenue and 76% increase in adjusted EBITDA, relative to the same period last year. Benefiting from increased volumes from our prior...