SD announces $65M Cherokee Play acquisition; Q2 revenue +48% on oil prices up 48% YoY

Filed August 6, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 7, 2025 · ~2 min read

Key Changes

• high

  $65M Cherokee Play acquisition announced with $6M in oil-price contingent earn-outs through Dec 2027, funded with cash on hand; expected to close Q3 2026.

  Notes: Cherokee Play acquisition view on EDGAR →
• high

  Q2 2026 revenue rose 48.0% YoY to $51.1M, driven by NYMEX oil averaging $95.65/Bbl (up 48% from $64.57 prior year); oil mix increased to 18.3% of production from 16.7%.

  MD&A: NYMEX oil price / Production mix verify on EDGAR →
• high

  Board declared $0.33/share total dividend for Q2 2026 ($0.13 regular + $0.20 special), a 154% increase; stockholders can elect cash or shares via new Dividend Reinvestment Plan.

  Notes: Special dividend / Dividend Reinvestment Plan view on EDGAR →