SandRidge Energy, Inc. (SD) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello everyone. Thank you for joining us and welcome to the Q4 2025 Sandridge Energy Conference Call. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please press star 1 on your telephone keypad. To withdraw your question, press star 1 again. I will now hand the call over to Scott Prestridge, Senior Vice President 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. 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 strong quarter in the year for the company. Production averaged 18.5 MBOE per day during the full year, an increase of 12% on a BOE basis and 32% on oil. versus 2024, benefited by our Operated Development Program in the Cherokee Plague, and production for the fourth quarter averaged 19.5 MBOE per day. Before getting into this and other highlights, I will turn things over to Jonathan for details on financial results. Thank you, Grayson. Compared to the third quarter of 2025, the c...