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Sandridge Energy (SD)
NYSE:SD
Earnings Data
Report Date
May 12, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.39Last Year’s EPS
0.39Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted meaningful operational momentum and financial improvement: double-digit production growth (12% BoE, 32% oil), revenue up 25%, adjusted EBITDA and adjusted operating cash flow up materially year-over-year, strong liquidity (~$112M cash), no debt, attractive Cherokee well results (avg ~2,000 Boe/day peak 30-day) and a low breakeven (~$35 WTI). Management also emphasized disciplined capital allocation, ongoing dividends and share repurchases, and a multi-year safety record. Offsetting items include modestly lower free cash flow year-over-year, some nonrecurring benefits embedded in LOE outperformance, a wide 2026 guidance range with timing/working-interest uncertainty, and limited initial hedged coverage leaving exposure to commodity volatility (notably lower oil realizations in the quarter). On balance, positive operational execution, strong balance sheet and improving cash generation outweigh the enumerated risks and near-term uncertainties.Company Guidance
Production Growth and Multiyear High
Full-year production averaged 18.5 MBoe/day, up 12% on a Boe basis and up 32% on oil versus 2024; fourth-quarter production averaged a multiyear high of 19.5 MBoe/day.
Revenue and Adjusted EBITDA Expansion
Full-year revenues of approximately $156 million, a 25% increase versus 2024; adjusted EBITDA of $101.1 million for the year versus $69 million prior year (≈+46.6%).
Strong Cash Generation and Liquidity
Adjusted operating cash flow of roughly $108 million for the year versus $77 million in 2024 (≈+40.3%); cash and restricted cash of ~$112.3 million (over $3 per common share); no debt and negative net leverage.
Capital Returns and Shareholder Distributions
Paid $4.4 million in dividends during the quarter and $4.60 per share in dividends since early 2023; Board declared a $0.12/share dividend; repurchased ~600,000 shares for $6.4 million at an average $10.72 with $68.3 million remaining authorization.
Operational Execution in Cherokee Play
Successfully completed and brought 6 Cherokee operated wells online (wells 7 and 8 also recently online); the first 6 operated wells averaged ~2,000 Boe/day peak 30-day rates with 44% oil; planning 10 operated wells in 2026 (complete 8), reflecting confidence in reservoir quality.
Low Costs and Efficiency
Full-year lease operating expenses $36.2 million (reported 14% below guidance low point, though including a $4.3M nonrecurring noncash benefit); fourth-quarter adjusted G&A ~$2.7 million or $1.53/BoE and full-year adjusted G&A ~$10.2 million or $1.50/BoE (improved per-BoE efficiency vs prior year $1.54/BoE).
Disciplined 2026 Capital Plan and Attractive Well Economics
2026 capital program guided at $76–$97 million (drilling & completions $62–$80M; other $14–$17M); gross well costs estimated $9–$11 million; reported breakeven for planned wells around $35 WTI, management expects ~20% oil production growth in 2026.
Safety and Operational Workforce
Set a new record of over four years without a recordable safety incident; lean workforce (~100 people) with outsourced non-core functions delivering low overhead and top-tier adjusted G&A.
Hedging Position to Protect Cash Flows
Hedged approximately 23% of the midpoint of 2026 guidance overall, including ~37% of natural gas production and ~27% of oil production (management has been opportunistic and layered on recent oil hedges).
Large Tax Shield and Owned Infrastructure
Approximately $1.6 billion of federal net operating loss carryforwards (NOLs) and ownership of ~1,000 miles of SWD and electric infrastructure, supporting de-risked economics and downside protection (assets de-risked to ~ $40 WTI / $2 Henry Hub for many legacy wells).
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 |
|---|---|---|---|
Mar 04, 2026 | $18.08 | $17.27 | -4.48% |
Nov 05, 2025 | $12.12 | $12.70 | +4.83% |
Aug 06, 2025 | $9.92 | $10.56 | +6.53% |
May 07, 2025 | $9.11 | $9.49 | +4.16% |
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 May 12, 2026, After Close (Confirmed).
What is Sandridge Energy (SD) earnings time?
Sandridge Energy (SD) earnings time is at May 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 (Q1) is 0.39.