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 . The company plans a production optimization program and a leasing program to bolster future development . SandRidge Energy, Inc. will monitor commodity prices and project results to adjust its program as needed, prioritizing regular dividends and maintaining cash flows .