--- title: "Sandridge Energy | 10-Q: FY2026 Q1 Revenue: USD 49.78 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285620069.md" datetime: "2026-05-07T21:06:10.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285620069.md) - [en](https://longbridge.com/en/news/285620069.md) - [zh-HK](https://longbridge.com/zh-HK/news/285620069.md) --- # Sandridge Energy | 10-Q: 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 17.04 M. SandRidge Energy, Inc. operates as a single segment, focusing on the acquisition, development, and production of oil and natural gas in the U.S. Mid-Continent region. #### Segment Revenue - **Total Revenues**: - Three months ended March 31, 2026: $49,777 thousand. - Three months ended March 31, 2025: $42,604 thousand. - The increase of $7,173 thousand was driven by changes in production volumes ($5,526 thousand) and average prices ($1,647 thousand). - **Oil Revenue**: - Three months ended March 31, 2026: $25,071 thousand. - Three months ended March 31, 2025: $18,880 thousand. - **Natural Gas Revenue**: - Three months ended March 31, 2026: $15,621 thousand. - Three months ended March 31, 2025: $12,673 thousand. - **NGL Revenue**: - Three months ended March 31, 2026: $9,085 thousand. - Three months ended March 31, 2025: $11,051 thousand. #### Operational Metrics - **Net Income**: - Three months ended March 31, 2026: $18,670 thousand. - Three months ended March 31, 2025: $13,049 thousand. - **Income from Operations**: - Three months ended March 31, 2026: $17,856 thousand. - Three months ended March 31, 2025: $12,189 thousand. - **Total Expenses**: - Three months ended March 31, 2026: $31,921 thousand. - Three months ended March 31, 2025: $30,415 thousand. - **Lease Operating Expenses**: - Three months ended March 31, 2026: $10,787 thousand, or $6.45 per Boe. - Three months ended March 31, 2025: $10,917 thousand, or $6.79 per Boe. - The decrease in lease operating expenses per Boe was primarily due to efficient operations and increased production volumes. - **Production, Ad Valorem, and Other Taxes**: - Three months ended March 31, 2026: $3,021 thousand, or $1.81 per Boe (6.1% of revenue). - Three months ended March 31, 2025: $3,099 thousand, or $1.93 per Boe (7.3% of revenue). - The decrease per Boe was primarily due to a decrease in ad valorem taxes. - **Depreciation and Depletion—Oil and Natural Gas**: - Three months ended March 31, 2026: $9,820 thousand, or $5.88 per Boe. - Three months ended March 31, 2025: $8,416 thousand, or $5.24 per Boe. - The increase was primarily due to increased sales volumes and depletion rate. - **General and Administrative Expenses**: - Three months ended March 31, 2026: $2,988 thousand. - Three months ended March 31, 2025: $3,853 thousand. - The decrease was primarily due to a reduction in personnel and other costs. - **Loss on Derivative Contracts**: - Three months ended March 31, 2026: -$3,526 thousand. - Three months ended March 31, 2025: -$2,487 thousand. - **Settlement Gains (Losses) on Derivative Contracts**: - Three months ended March 31, 2026: $130 thousand (gain). - Three months ended March 31, 2025: -$159 thousand (loss). #### Cash Flow - **Cash and Cash Equivalents (including Restricted Cash)**: - As of March 31, 2026: $104,096 thousand. - As of December 31, 2025: $112,345 thousand (beginning of year cash, cash equivalents and restricted cash). - **Net Cash Provided by Operating Activities**: - Three months ended March 31, 2026: $19,759 thousand. - Three months ended March 31, 2025: $20,331 thousand. - **Net Cash Used in Investing Activities**: - Three months ended March 31, 2026: -$23,515 thousand. - Three months ended March 31, 2025: -$9,255 thousand. - **Net Cash Used in Financing Activities**: - Three months ended March 31, 2026: -$4,493 thousand. - Three months ended March 31, 2025: -$9,478 thousand. #### Unique Metrics - **Production Volumes**: - Total MBoe for Q1 2026: 1,671 MBoe (21.1% oil, 49.7% natural gas, 29.2% NGL). - Total MBoe for Q1 2025: 1,607 MBoe (16.8% oil, 48.9% natural gas, 34.3% NGL). - Average daily total volumes for Q1 2026: 18.6 MBoe/d. - Average daily total volumes for Q1 2025: 17.9 MBoe/d. - **Average Prices (as reported)**: - Oil: $71.11/Bbl (Q1 2026) vs. $69.88/Bbl (Q1 2025). - Natural Gas: $3.13/Mcf (Q1 2026) vs. $2.69/Mcf (Q1 2025). - NGL: $18.64/Bbl (Q1 2026) vs. $20.07/Bbl (Q1 2025). - **Derivative Contracts (as of March 31, 2026)**: - Oil Fixed Price Swaps: 799 Bbl/day at $74.37 (April 2026 - December 2026), 200 Bbl/day at $65.00 (January 2027 - December 2027). - Oil Producer Costless Collars: 975 Bbl/day with put at $57.56 and call at $79.93 (April 2026 - December 2026). - Natural Gas Fixed Price Swaps: 16,430 MMBtu/day at $4.17 (April 2026 - December 2026). - Natural Gas Producer Costless Collars: 4,500 MMBtu/day with put at $3.35 and call at $5.35 (April 2026 - December 2026). - NGL Fixed Price Swaps: 420 Bbl/day at $55.41 (April 2026 - December 2026). #### Future Outlook and Strategy SandRidge Energy, Inc. plans to grow its asset base through a one-rig development program in the Cherokee Shale Play and by evaluating accretive merger and acquisition opportunities, while maintaining a strong balance sheet and capital return program. The company also focuses on production optimization through artificial lift conversions and a leasing program to bolster future development in its Cherokee assets. Development decisions will be influenced by forward-looking commodity prices, project results, costs, and tariffs, with adjustments including capital activity curtailment or well reactivations based on market conditions, while prioritizing regular-way dividends. ### Related Stocks - [SD.US](https://longbridge.com/en/quote/SD.US.md) ## Related News & Research - [New Sources Energy holds shareholder AGM, backs board share buyback mandate](https://longbridge.com/en/news/293900147.md) - [Morgan Stanley Remains a Hold on Woodside Energy Group (WDS)](https://longbridge.com/en/news/294332956.md) - [Oyocar Group signs LOI to acquire Shanghai Zhongru Smart Energy Group](https://longbridge.com/en/news/293967973.md) - [Energy & Environment Investment makes follow-on investment in 2foods operator TWO amid JPY 500 million funding round](https://longbridge.com/en/news/293880674.md) - [Core Natural Resources (CNR) Expected to Release Earnings on Thursday](https://longbridge.com/en/news/294310323.md)