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Sandridge Energy (SD)
:SD
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Earnings Data
Report Date
Mar 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.54Last Year’s EPS
0.35Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: 6.85%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a generally positive outlook for SandRidge Energy, highlighted by a successful acquisition that boosted production rates and a strong financial position with no debt. While challenges with commodity prices were acknowledged, the company's return of capital program and low operating expenses were emphasized as key strengths.Company Guidance
During the SandRidge Energy Q3 2024 earnings call, several key metrics and guidance points were highlighted. The company reported an adjusted EBITDA of nearly $18 million despite lower natural gas prices, and maintained a strong cash position of over $94 million, equating to more than $2.50 per share. SandRidge continued its capital return program, with total cumulative dividends surpassing $4 per share, including a recently declared $0.11 per share dividend. Production reached approximately 19 MBoe per day following an acquisition in the Western Anadarko Basin, contributing to a 27% increase in average daily production compared to the previous quarter. The company emphasized its financial flexibility, with no debt and a significant $1.6 billion NOL position, enabling it to shield cash flows from federal taxes. The acquisition also enriched its portfolio with high-return projects, providing options for development in favorable commodity price environments. Looking ahead, SandRidge plans to further develop the Cherokee play, with potential drilling of up to 12 wells next year, showcasing the robust returns and strategic growth opportunities.Positive Acquisition Impact
SandRidge Energy closed an acquisition in the Western Anadarko Basin, contributing to a new peak average daily production rate of nearly 19 MBoe per day, a 27% increase from the second quarter, and a 65% increase in oil production.
Strong Financial Position
The company generated nearly $18 million in adjusted EBITDA with no debt and over $94 million in cash. The federal NOL position is approximately $1.6 billion, shielding cash flows from federal income taxes.
Record Low Operating Expenses
Lease Operating Expense for the quarter was reduced by 9% to $5.82 per BOE despite acquisition-related increases.
Return of Capital Program
The company declared a $0.11 per share cash dividend, with cumulative dividends paid to date of approximately $150 million or more than $4 per share.
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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
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SD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $11.68 | $12.16 | +4.11% |
| Aug 07, 2024 | $12.09 | $12.42 | +2.73% |
| May 07, 2024 | $13.47 | $13.05 | -3.12% |
| Mar 06, 2024 | $12.62 | $13.19 | +4.52% |
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.
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FAQ
When does Sandridge Energy (SD) report earnings?
Sandridge Energy (SD) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is Sandridge Energy (SD) earnings time?
Sandridge Energy (SD) earnings time is at Mar 05, 2025, TBA Not 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 2024 (Q4) is 0.54.
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