What is the revenue and EPS growth rate for Sandridge Energy year over year?

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What were the key takeaways from Sandridge Energy's earnings call?

- **Production Growth**: 12% YoY to 18.5 MBoe/day in 2025; 20% oil growth targeted for 2026. 
- **Financial Strength**: $156M revenue (25% YoY), $101.1M EBITDA, $112M cash, and no debt. 
- **Operational Efficiency**: 14% LOE reduction, 2,000 Boe/day well results, and $9-11M/well costs. 
- **Strategic Flexibility**: 23% production hedged, $1.6B NOLs, and optionality to defer drilling. 
- **Shareholder Returns**: $4.60/share dividends since 2023 and $68M remaining buyback authorization.

**【CEO Summary Section】**
- Full-year 2025 production averaged 18.5 MBoe/day, up 12% YoY (19.5 MBoe/day in Q4). Achieved 4 years without a recordable safety incident.
- 2026 guidance: 6.4-7.7 MBoe/year production, 20% oil growth, and $76-97M capital spend. Breakeven at $35 WTI for Cherokee wells.
- Emphasized optionality with $1.6B NOLs, no debt, and negative leverage.

**【CFO Financial Commentary】**
- 2025 revenue: $156M (25% YoY growth); adjusted EBITDA: $101.1M (56% YoY). Cash: $112.3M ($3/share). Dividends: $4.60/share since 2023; Q1 2026 dividend: $0.12/share.
- Share repurchases: $6.4M in 2025; $68.3M remaining authorized. 2026 hedges cover 23% of production (37% gas, 27% oil).

**【COO Operational Update】**
- 2025 capital spend: $76.2M (in-line with guidance). LOE: $36.2M (14% below low end of range). 6 Cherokee wells drilled with 2,000 Boe/day peak rate (44% oil).
- 2026 plan: 10 drilled, 8 completed wells. Gross costs: $9-11M/well. Focus on cost efficiency and infrastructure ownership.

**【Strategy & ESG】**
- Cherokee development to drive 20% oil growth. 24,000 net acres with multiyear runway. ESG focus on safety, efficiency, and prudent capital allocation.
- 5-point strategy: optimize PDP assets, invest in high-return projects, pursue accretive M&A, maximize shareholder value, and uphold ESG standards.

**【Administrative Expenses】**
- 2025 adjusted G&A: $10.2M ($1.50/Boe). Outsourcing reduced headcount to 100+ while maintaining technical expertise. No significant off-balance-sheet commitments.

**【Q&A Highlights】**
- **Production Guidance Range**: Timing, weather, and working interest pooling drive variability. Higher working interest could increase capital and production.
- **Hedging Strategy**: Opportunistic with no debt-driven requirements. 27% oil hedged as of Q1; expect to layer in more contracts as prices rise.
- **NGL Differentials**: Q4 widening due to regional basis; 2026 guidance assumes 50-70% differential (average ~60%).

SandRidge Energy, Inc. (SD) Q4 2025 Earnings Call Transcript

- **Production Growth**: 12% YoY to 19 MBoe/day, oil volumes up 49%, driving 32% revenue growth.
- **Cherokee Success**: 4 wells at 2,000 Boe/day peak, 275,000 Boe produced in 170 days from first well.
- **Financial Strength**: $27.3M EBITDA, $6M free cash flow Q3, $103M cash balance, no debt.
- **Dividend & Buyback**: $4.48/share dividends since 2023, $68M remaining under repurchase program.
- **Strategic Focus**: 1-rig Cherokee development, M&A in Mid-Con, and ESG leadership with 4 years of safe operations.

**【CEO Opening Remarks】**
- Q3 2025 production averaged 19 MBoe/day, up 12% YoY, with oil volumes up 49%, driving 32% revenue growth and 54% EBITDA increase.
- Cherokee acquisition and development program contributed significantly to volume growth, with 4 operated wells achieving 2,000 Boe/day peak rates.
- 2025 exit rate oil volumes expected to increase meaningfully with 2 additional completions and further drilling.

**【CFO Financial Commentary】**
- Q3 revenue $40M (+32% YoY), Adjusted EBITDA $27.3M (+54% YoY), Free Cash Flow $6M Q3, $29M YTD.
- Dividends: $4.4M paid Q3, $4.48/share since 2023, with $68.3M remaining under share repurchase program.
- Capital expenditures $23M, fully funded by cash flow; no debt outstanding.
- Commodity hedges covering 35% of Q4 production, including 55% natural gas and 30% oil.

**【COO Operational Update】**
- 8 operated Cherokee wells planned for 2025, with 6 completions this year and 2 carrying into 2026.
- Wells cost $9-12M, with breakevens at $35 WTI; 99% PDP legacy assets provide stable cash flow.
- LOE $10.9M ($6.25/Boe), down 10% YoY; infrastructure reduces breakeven to $40 WTI for legacy assets.

**【CEO Strategy & M&A】**
- 5-point strategy: optimize PDP assets, invest in high-return Cherokee development, pursue accretive M&A, return capital to shareholders, and uphold ESG standards.
- $1.6B federal NOLs provide tax advantage; 24,000 net acres in Cherokee offer multiyear runway.
- ESG achievement: 4 years without reportable safety incidents.

**【CAO Administrative Update】**
- Adjusted G&A $2.1M ($1.23/Boe), among lowest in peer group; 100+ employees with outsourced non-core functions.
- Cash balance $103M ($2.80/share), no debt, negative leverage.

**【Q&A Highlights】**
- M&A focus on Cherokee leasehold and Mid-Con assets with operational synergies.
- Cherokee acquisition success: 275,000 Boe produced in 170 days from first well, validating reservoir quality.
- 2026 outlook: 2-4 completions carrying over, potential to increase rig count if commodity prices justify.


SandRidge Energy, Inc. (SD) Q3 2025 Earnings Call Transcript

- **Revenue Growth**: 33% YoY to $35M; adjusted EBITDA up 76% to $22.8M
- **Production Expansion**: 19% Boe growth to 17.9 MBoe/day; oil volumes +46%
- **Cherokee Success**: First well at 2,300 Boe/day (49% oil), 8 wells planned for 2025
- **Financial Strength**: $104M cash, $10M free cash flow/Q2, no debt
- **Dividend Growth**: 9% increase to $0.12/share, $69M remaining on buyback
- **Strategic Flexibility**: $1.6B NOLs, 24,000 acres in Cherokee, 10+ year reserve life

**【CEO Opening Remarks】**
- Q2 production averaged 17.9 MBoe/day, up 19% YoY (Boe basis) and 46% in oil, driving 33% revenue growth and 76% adjusted EBITDA increase.
- First Cherokee well achieved 30-day IP of 2,300 Boe/day (49% oil), with 2 additional wells drilled and being completed.
- 2025 exit rate projected at >19 MBoe/day, with oil volumes expected to grow another 30% YoY.
- 24,000 net acres in Cherokee provide multiyear development runway.

**【CFO Financial Commentary】**
- Q2 revenue: $35M (+33% YoY); adjusted EBITDA: $22.8M (+76% YoY)
- Cash position: $104M (>$2.80/share); paid $4M in dividends (total $4.36/share since 2023)
- Free cash flow: $10M/Q2, $23M YTD
- Commodity realizations: $62.80/W (oil), $1.82/Mcf (gas), $16.10/W (NGLs)
- 35% of 2H25 production hedged (55% gas, 33% oil)
- Adjusted G&A: $2.4M ($1.48/Boe)

**【CEO Operations Update】**
- 8 operated Cherokee wells planned for 2025 ($9-12M/well), with 2 completions carrying into 2026
- Cherokee wells have $35/WTI breakeven, with optionality to pause if needed
- Legacy assets 99% held by production, requiring >$80/WTI and $4/Mcf to reactivate
- 1,000+ miles of owned SWD/electricity infrastructure supports profitability down to $40/WTI

**【COO Capital Program】**
- 2025 capex: $66-85M (drilling: $47-63M; workovers/leasing: $19-22M)
- All 2025 wells are PUDs, offsetting existing producers
- LOE: $6.6M/Q2 ($4.05/Boe), but expect increase in 2H25

**【CEO Strategic Highlights】**
- 5-point strategy: optimize PDP assets; invest in high-return projects; pursue accretive M&A; maximize shareholder returns; uphold ESG
- Regular dividend ($0.12/share, +9%) and $69M remaining on share buyback
- $1.6B federal NOLs provide tax advantage
- No debt, negative leverage, 10+ year reserve life

**【CAO Administrative Details】**
- G&A efficiency: $2.4M/Q2 ($1.48/Boe vs. $1.85/Boe YoY)
- Outsourced non-core functions (accounting, land, IT)
- 100+ employees with technical expertise
- Free cash flow: $10M/Q2, $23M YTD

SandRidge Energy (SD)-7 Aug 25-2025 Q2 Earnings call transcript

- **Revenue Growth**: 41% YoY to $43M; EBITDA up 63% to $25.5M.
- **Cash Position**: $100M+ with no debt; $0.11/share dividend declared.
- **Production Expansion**: 17% BOE growth; 8 new wells drilled in Cherokee play.
- **Cost Efficiency**: G&A down 3% YoY to $1.83/BOE; LOE at $6.79/BOE.
- **Commodity Hedging**: 30% of 2025 production hedged; $35 WTI breakeven for new wells.
- **Strategic Flexibility**: $70M buyback authority; optionality to defer capex if prices fall below $40 WTI.

**【CEO Summary Section】**
- Q1 2025 production averaged 18 MBoe/d, up 17% YoY (BOE basis) and 30% (oil basis), with revenue and EBITDA up 40% and 63% YoY.
- Cherokee acquisition and higher commodity prices drove performance; 40%+ oil production growth expected in H2.
- Operated Cherokee well to begin production late Q1, with 1,000+ bbl/day initial rates; 8 wells planned for 2025.
- Breakeven of $35 WTI for new wells; flexibility to adjust capital program if prices fall below $40 WTI.
- Natural gas prices up 100% YoY to $2.69/Mcf, supporting legacy asset optionality.

**【CFO Financial Commentary】**
- Revenues: $43M (41% YoY growth); Adjusted EBITDA: $25.5M (63% YoY growth).
- Cash: $100M+; no debt; $1.6B federal NOLs shielding income taxes.
- Dividends: $4M paid in Q1; $0.11/share declared for June 2025.
- Share buybacks: $5M in Q1; $70M remaining under repurchase program.
- Commodity realizations: $69.88/bbl oil, $2.69/Mcf gas.
- Adjusted G&A: $2.9M ($1.83/BOE, 3% lower YoY).
- Free cash flow: $14M (near Q1 2024 level).

**【Operations Update】**
- 13 rod pump conversions and 5 well reactivations reduced LOE to $6.79/BOE (down 15% YoY).
- Legacy assets 99% held by production with 10+ year reserve life.
- 80% of 2025 wells are PUDs; 2 completions to carry into 2026.
- Well costs: $9-11M (depending on location).

**【Capital Program】**
- 2025 capex: $66-85M (D&C: $47-63M; workovers/leasing: $19-22M).
- 60% of new well costs can be deferred if needed.
- 1 rig drilling 8 wells; 6 completions in 2025, 2 in 2026.
- 95% of acreage held by production preserves development optionality.

**【Administrative Expenses】**
- Adjusted G&A: $2.9M (industry-leading efficiency at $1.83/BOE).
- Lean team of 100+ employees with outsourced non-core functions.
- $100M+ cash on hand; no debt; negative net leverage.


SandRidge Energy (SD)-8 May 25-2025 Q1 Earnings call transcript

- **Record Free Cash Flow**: $48M in 2024, enabling $72M in dividends and $154M total returns since 2023.
- **Cherokee Growth Engine**: 8 wells planned in 2025 with $35 WTI breakeven, targeting 30% oil growth (midpoint).
- **Hedging Strategy**: 60% gas hedged at $4 floor/$8.20 ceiling, balancing risk and upside.
- **Financial Flexibility**: No debt, $1.6B NOL, and 99% held-by-production assets for long-term resilience.
- **2026 Outlook**: Potential 30% oil growth if WTI >$70 and gas >$5, with reinvestment rate <50% to sustain cash flow.

**【CEO Opening Remarks】**
- Q4 2024 production averaged 19 MBoe/d, with 19% YoY increase on BOE basis and 28% on oil basis.
- Generated $48M free cash flow for the year, ending with $99.8M cash (>$2.68/share).
- Paid $72M in dividends ($16M regular + $56M special) in 2024, total $154M since 2023.
- Board declared $0.11/share dividend for March 2025 payout.

**【CFO Financial Highlights】**
- Adjusted EBITDA: $24M (Q4) / $69M (2024), despite low gas prices.
- Net income: $18M (Q4) / $63M (2024), driven by $1.6B federal NOL shielding taxes.
- Commodity realizations: $71.44/bbl oil (Q4), $74.31/bbl oil (2024).
- Hedged 60% of 2025 natural gas production with $4 floor/$8.20 ceiling collars.

**【Operations & Acquisitions】**
- Completed 3 operated Cherokee wells with 1,400 BOE/d 30-day IPs (60% oil), targeting $35 WTI breakeven.
- Acquired $5.7M in Cherokee assets, optimizing undeveloped positions for 2025+ growth.
- 2025 capital program: $66-85M ($47-63M drilling, $19-22M optimization).
- 2025 production growth: 30% oil growth (midpoint), 10% BOE growth.

**【COO Capital Plan】**
- 8 operated wells planned (6 completions in 2025, 2 carryover to 2026).
- Well costs: $9-11M, leveraging pad drilling and zipper frac for cost savings.
- 75% of wells are PUDs, reducing execution risk.
- LOE: $11.3M/Q4 ($6.43/BOE), 3% YoY decline through operational efficiency.

**【Q&A Key Takeaways】**
- 2026 production growth: 30% oil growth (high end of 2025 guidance), dependent on $70+ WTI and $5 gas.
- Data center partnerships: Limited direct sales due to gas processing requirements, but benefit from counterparty sales.
- Hedge strategy: Prudent risk management, securing 60% of 2025 gas at $4 floor while retaining upside to $8.20.
- Reinvestment rate: 55-80% in 2025, targeting <50% in 2026 to maintain free cash flow and dividends.

Actual											-0.21	-0.21	0.15	0.06	0.47	0.45	0.8	0.89	0.94	1.32	1.35	1.02		0.38	0.44	0.35	0.23	0.17	0.19	0.34	0.39	0.33	0.42	0.34
Forecast											0.59	-0.51	-0.41	-0.27	0.15	0.27	0.32	0.35	0.12	0.19	0.21	0.29						0.28	0.27	0.54	0.43	0.29	0.32	0.37
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-135.59%	+58.82%	+136.59%	+122.22%	+213.33%	+66.67%	+150.00%	+154.29%	+683.33%	+594.74%	+542.86%	+251.72%	0.00%	0.00%	0.00%	0.00%	0.00%	-39.29%	-29.63%	-37.04%	-9.30%	+13.79%	+31.25%	-8.11%

Actual	--	--	--	--	--	--	--	--	--	--	40.33M	16.66M	27.68M	30.32M	33.62M	34.20M	46.58M	54.48M	57.49M	69.76M	70.90M	--	--	33.42M	38.15M	33.90M	30.28M	25.98M	30.06M	38.97M	42.60M	34.53M	39.82M	39.40M
Forecast	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	30.96M	27.53M	50.27M	43.32M	37.00M	38.80M	43.70M
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-16.10%	+9.16%	-22.47%	-1.65%	-6.67%	+2.63%	-9.84%

SD

SD fundamentals

SD Q4 2025 Earnings

Earnings Call

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SD

SD fundamentals

SD Q4 2025 Earnings

Earnings Call

SD Earnings Call Summary for Q4/20252:00 PM on Mar 5, 2026

SD Earnings Call Summary for Q3/20252:00 PM on Nov 6, 2025

SD Earnings Call Summary for Q2/20252:00 PM on Aug 7, 2025

SD Earnings Call Summary for Q1/20252:00 PM on May 8, 2025

SD Earnings Call Summary for Q4/20242:00 PM on Mar 11, 2025

You can ask Aime