SandRidge Energy, Inc. (SD) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by. My name is Eric, and I will be your conference operator today. At this time, I would like to welcome everyone to the Q3 2025 Sandridge Energy 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, please press star followed by the number one on your telephone keypad. If you would like to withdraw your question, press star one again. I'd now like to turn the call over to Scott Prestridge, SVP of Finance and Strategy. Please go ahead. 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 G&A and other non-GAAP financial measures. Reconciliation 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 for the company. Third quarter production averaged approximately 19 MBOE per day, an increase of approximately 12% on a BOE basis, and 49% on oil. translating to a roughly 32% increase in revenue and a 54% increase in adjusted EBITDA relative to the same period la...