--- title: "Sandridge Energy | 8-K: FY2026 Q1 Revenue: USD 49.78 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285439719.md" datetime: "2026-05-06T21:02:01.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285439719.md) - [en](https://longbridge.com/en/news/285439719.md) - [zh-HK](https://longbridge.com/zh-HK/news/285439719.md) --- # Sandridge Energy | 8-K: FY2026 Q1 Revenue: USD 49.78 M Revenue: As of FY2026 Q1, the actual value is USD 49.78 M. EPS: As of FY2026 Q1, the actual value is USD 0.5. EBIT: As of FY2026 Q1, the actual value is USD 17.86 M. #### Financial Performance (Three Months Ended March 31, 2026 vs. March 31, 2025) - **Net Income**: $18,670 thousand, an increase of $5,621 thousand compared to $13,049 thousand in the prior year period . - **Adjusted Net Income**: $21,602 thousand, an increase of $7,068 thousand compared to $14,534 thousand in the prior year period . - **Net Cash Provided by Operating Activities**: $19,759 thousand, a decrease of $572 thousand compared to $20,331 thousand in the prior year period . - **Adjusted Operating Cash Flow**: $34,427 thousand, an increase of $8,081 thousand compared to $26,346 thousand in the prior year period . - **Adjusted EBITDA**: $33,721 thousand, an increase of $8,230 thousand compared to $25,491 thousand in the prior year period . - **Free Cash Flow**: - $1,105 thousand, a decrease of $14,700 thousand compared to $13,595 thousand in the prior year period . #### Revenue and Production Metrics (Three Months Ended March 31, 2026 vs. March 31, 2025) - **Total Revenues (Oil, Natural Gas, and NGL)**: $49,777 thousand, an increase of $7,173 thousand compared to $42,604 thousand in the prior year period . - **Daily Production (MBoed)**: Averaged 18.6 MBoe per day, an increase of 0.7 MBoed or 4% compared to 17.9 MBoe per day in the prior year period . - **Oil Production**: Increased 31% compared to the same period in 2025 . - **Oil as Percentage of Production**: 21%, an increase of 4% compared to 17% in the prior year period . - **Natural Gas as Percentage of Production**: 50%, an increase of 1% compared to 49% in the prior year period . - **NGLs as Percentage of Production**: 29%, a decrease of -5% compared to 34% in the prior year period . - **Realized Oil Price per Barrel**: $71.11, an increase of $1.23 compared to $69.88 in the prior year period . - **Realized Natural Gas Price per Mcf**: $3.13, an increase of $0.44 compared to $2.69 in the prior year period . - **Realized NGL Price per Barrel**: $18.64, a decrease of -$1.43 compared to $20.07 in the prior year period . - **Realized Price per Boe**: $29.78, an increase of $3.27 compared to $26.51 in the prior year period . #### Operating Costs (Three Months Ended March 31, 2026 vs. March 31, 2025) - **Lease Operating Expense (LOE)**: $10,787 thousand or $6.45 per Boe, which decreased in total and per Boe compared to $10,917 thousand or $6.79 per Boe in the prior year period . - **Production, Ad Valorem, and Other Taxes**: $3,021 thousand or $1.81 per Boe, which decreased compared to $3,099 thousand or $1.93 per Boe in the prior year period . - **Depletion (Oil and Natural Gas)**: $9,820 thousand or $5.88 per Boe, which increased compared to $8,416 thousand or $5.24 per Boe in the prior year period . - **General and Administrative (G&A)**: $2,988 thousand or $1.79 per Boe, which decreased compared to $3,853 thousand or $2.40 per Boe in the prior year period . - **Adjusted G&A**: $2,368 thousand or $1.42 per Boe, which decreased compared to $2,938 thousand or $1.83 per Boe in the prior year period . #### Liquidity and Capital Structure - **Cash and Cash Equivalents (including restricted cash)**: $104.1 million as of March 31, 2026, compared to $112.3 million as of December 31, 2025 . - **Total Debt**: SandRidge Energy, Inc. had no outstanding term or revolving debt obligations as of March 31, 2026 . - **Stockholders’ Equity**: $525,970 thousand as of March 31, 2026, compared to $510,871 thousand as of December 31, 2025 . - **Capital Expenditures**: $19,930 thousand for the three months ended March 31, 2026 . #### Dividends and Share Repurchases - **Quarterly Dividend**: The Board increased its ongoing quarterly dividend program by 8% to $0.13 per share . - **One-Time Dividend**: A one-time dividend of $0.20 per share was declared . - **Total Dividends Paid (1Q26)**: $3,868 thousand . - **Share Repurchases**: No shares were repurchased during the first quarter of 2026, with $68.3 million remaining under the $75.0 million repurchase authorization as of March 31, 2026 . #### Outlook SandRidge Energy, Inc. is committed to growing its asset base value safely and responsibly, allocating capital to high-return growth projects such as one-rig development in the Cherokee Shale Play and evaluation of accretive merger and acquisition opportunities . 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