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Get filing alertsSandRidge reports Q2 net income of $26.7M, declares $0.13/share dividend
Filed August 5, 2026 · Period ending August 4, 2026 · ~1 min read
Key Changes
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Q2 2026 net income of $26.7M ($0.72/share), adjusted net income of $21.0M ($0.57/share); production up 11% year-over-year to 19.7 MBoe/day with oil production up 22% and total revenues up 48% versus Q2 2025
Exhibit 99.1 view on EDGAR → -
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Board declared quarterly dividend of $0.13/share payable August 31, 2026 to stockholders of record August 19, 2026; shareholders can elect cash or stock reinvestment through the Dividend Reinvestment Plan
Item 8.01 verify on EDGAR → -
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Cherokee Play acquisition expected to close in Q3 2026, adding ~7,000 net leasehold acres, interests in 21 wells, and eight proven development locations
Exhibit 99.1 view on EDGAR → -
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Cash and cash equivalents of $114.7M as of June 30, 2026 with no outstanding term or revolving debt obligations
Exhibit 99.1 view on EDGAR → -
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Completed six wells in first seven months of 2026 as part of one-rig Cherokee development program, achieving lowest drilled well cost to date
Exhibit 99.1 view on EDGAR →
Summary
SandRidge Energy reported solid second quarter 2026 results with net income of $26.7 million ($0.72 per share) and adjusted net income of $21.0 million ($0.57 per share). Production averaged 19.7 MBoe per day, up 11% year-over-year, driven by the company's Cherokee development program and higher commodity prices. Oil production specifically increased 22% and total revenues rose 48% compared to Q2 2025.
The company maintains a strong balance sheet with $114.7 million in cash and no term or revolving debt. The Board declared a quarterly dividend of $0.13 per share payable August 31, 2026, continuing the company's capital return program. Shareholders can elect to receive the dividend in cash or reinvest it in additional shares.
SandRidge expects to close its previously announced Cherokee Play acquisition in Q3 2026, adding approximately 7,000 net acres and interests in 21 wells, which will expand its position in its core operating area. The company's one-rig development program continues to show operational efficiency improvements, recently achieving its lowest drilled well cost to date.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
SandRidge Energy disclosed Q2 2026 financial and operational results via press release.
Added in current filing · verify on EDGAR →
On August 5, 2026, SandRidge Energy, Inc. (the “Company”) issued a press release announcing financial and operational results for the period ended June 30, 2026.
The company announced its second quarter 2026 financial and operational results. The 8-K references a press release (Exhibit 99.1) containing the detailed results, but the exhibit text was not provided in this filing body, so specific figures cannot be quoted here.
Event · Exhibit 99.1
SandRidge reported Q2 2026 earnings with net income of $26.7M ($0.72/share), declared a $0.13/share dividend, and announced an upcoming Cherokee Play acquisition.
Added in current filing · view on EDGAR →
As of June 30, 2026, the Company had $114.7 million of cash and cash equivalents, including restricted cash
SandRidge held $114.7 million in cash and cash equivalents (including restricted cash) as of June 30, 2026, with no outstanding term or revolving debt obligations. This provides financial flexibility for the company's development program and capital return initiatives.
Added in current filing · view on EDGAR →
In the first half of 2026, the Company successfully completed four wells as part of its ongoing one-rig Cherokee development program, with two more wells completed in July
SandRidge completed four wells in the first half of 2026 and two additional wells in July as part of its one-rig Cherokee development program. The company recently achieved its lowest drilled well cost to date for the program, demonstrating operational efficiency improvements.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 6, 2026 · How we verify