Sandridge Energy (SD)
NYSE:SD
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Earnings Data
Report Date
Aug 12, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.75Last Year’s EPS
0.33Same Quarter Last Year
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple positive operational and financial trends: production and oil volumes increased materially (4% BOE and 31% oil), revenues and adjusted EBITDA expanded year-over-year, adjusted G&A and per-BOE costs improved, the company maintains a strong liquidity position (~$104M), no debt and ~ $1.5B NOLs, and the board raised the dividend and declared a special dividend. Operational execution in the Cherokee program is progressing with noted efficiencies and disciplined capital guidance ($76M–$97M). Key headwinds include timing-related cash movement and modest GAAP operating cash flow decline, exposure to commodity price volatility (hedges cover under ~30% of guidance), ethane handling dynamics that reduced BOE/NGL volumes for the quarter, weather-related deferments, and potential cost pressure from diesel surcharges. Overall, the positives around growth, profitability, strong balance sheet, and capital returns outweigh the identified risks and timing issues.Company Guidance
Production Growth
Production averaged 18.6 MBOE/d in Q1 2026, up 4% year-over-year; oil production rose 31% year-over-year, driven by new production from the operated development program.
Revenue Increase
Total revenues were approximately $50 million in the quarter, up 17% year-over-year and up 26% sequentially versus the prior quarter.
Strong Profitability and EBITDA Expansion
Adjusted EBITDA was $33.7 million in Q1 2026 versus $25.5 million in Q1 2025, an increase of ~32%; net income was $18.7 million (~$0.50 diluted) versus $13.0 million in the prior-year period (+43.8%); adjusted net income was $21.6 million (~$0.58 diluted) versus $14.5 million (+~49%).
Improved Realizations for Commodities
Quarterly commodity realizations (pre-hedge) were $71.11/bbl oil, $3.13/Mcf gas, and $18.64/bbl NGLs. Compared to Q4 2025 realizations, oil rose ~23.6%, gas ~42.3%, and NGLs ~25%.
Strong Balance Sheet and Liquidity
Cash and restricted cash totaled ~ $104 million (~$2.80 per share) at quarter end; company reports no debt, negative net leverage, and approximately $1.5 billion of federal NOLs.
Capital Discipline and Efficient G&A
Adjusted G&A was $2.4 million, or $1.42/BOE (vs $2.9M or $1.83/BOE in 2025), reflecting meaningful per-BOE cost improvement (~22% lower on a per-BOE basis). Q1 capital spend (ex A&D) was $19.9 million, better than expectations.
Dividend and Capital Return Actions
Board increased the regular-way dividend by 8% to $0.13 and declared a one-time special dividend of $0.20 per share (payable June 1); the company paid $4.4 million in dividends during the quarter and has returned $5.05 per share since the start of 2023.
Operational Execution and Development Program Progress
Completed three wells and brought two online in the quarter; ninth well brought online recently; drilling the eleventh well with noted drilling-time and cost efficiencies. 2026 plan: drill 10 operated Cherokee wells (one rig) and complete eight, with total 2026 capital guidance of $76M–$97M and gross well cost estimates of ~$9M–$11M.
SD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $14.18 | $14.68 | +3.53% |
Mar 04, 2026 | $17.58 | $16.79 | -4.48% |
Nov 05, 2025 | $11.78 | $12.35 | +4.83% |
Aug 06, 2025 | $9.64 | $10.27 | +6.53% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Sandridge Energy (SD) report earnings?
Sandridge Energy (SD) is schdueled to report earning on Aug 12, 2026, After Close (Confirmed).
What is Sandridge Energy (SD) earnings time?
Sandridge Energy (SD) earnings time is at Aug 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SD EPS forecast?
SD EPS forecast for the fiscal quarter 2026 (Q2) is 0.75.