Start here if you're new
what it is
SandRidge pulls oil, natural gas, and gas liquids out of the ground in Oklahoma and Kansas and sends the cash back to you.
how it gets paid
Last year Sandridge Energy made $156M in revenue. natural gas was the main engine at $74.4M, or 48% of sales.
why it's growing
Revenue grew 24.8% last year. Revenue rose 194% vs. prior year to $117M.
what just happened
Revenue jumped to $117M, and EPS rose to $1.32.
At a glance
B balance sheet — gets the job done, barely
5/100 earnings predictability — expect surprises
8.2x trailing p/e — the market's not buying it — or you found a deal
2.8% dividend yield — cash in your pocket every quarter
13.7% return on capital — nothing to write home about
xvary composite: 53/100 — below average
What they do
SandRidge pulls oil, natural gas, and gas liquids out of the ground in Oklahoma and Kansas and sends the cash back to you.
This is a tiny producer with 104 employees, yet it still posted a 39.0% operating margin. Operating margin (money left after day-to-day costs) means this business kept 39 cents from each revenue dollar before interest and taxes. In a commodity business where prices set the mood, that cost discipline is why you care.
How they make money
$156M
annual revenue · their business grew +24.8% last year
natural gas
$74.4M
natural gas liquids
$50.9M
oil
$30.7M
other revenue
$0.0M
The products that matter
produces oil and natural gas
Mid-Continent Assets
379K net acres · 95% held by production
this mature acreage base generated 95% of the $156M revenue disclosed in the snapshot inputs. that matters because you are buying existing production, not exploration upside.
core asset base
returns cash to shareholders
Capital Return Program
$15.9M dividends · 595,635 shares repurchased
the company paid $15.9M in dividends last year and repurchased 595,635 shares. in human-speak: if growth is muted, management is trying to make waiting less painful.
shareholder payout
quarterly cash distribution
Common Dividend
2.8% yield · $0.12 per share
the stated yield is 2.8%, and the next known payment is $0.12 per share on march 31, 2026. that yield helps, but it is only as durable as the cash margin behind it.
income support
Key numbers
39.0%
operating margin
Operating margin → money left after day-to-day costs → so what: SandRidge kept 39 cents of each revenue dollar before interest and taxes.
$1.50
special dividends
Special dividend → extra cash paid outside the regular payout → so what: SandRidge still sent $1.50 per share to investors in 2024 after paying $2.00 in 2023.
13.7%
return on capital
Return on capital → profit earned on money invested in the business → so what: SandRidge generated $13.70 for every $100 put to work.
8.2x
trailing p/e
P/E → stock price compared with yearly profit → so what: you are paying $8.20 for each $1 of trailing earnings.
Financial health
B
strength
- balance sheet grade B — adequate — nothing special
- risk rank 2 — safer than 80% of stocks
- price stability 15 / 100
B — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for SD right now.
source: institutional data · return history unavailable
What just happened
beat estimates
Revenue jumped to $117M, and EPS rose to $1.32.
The quarter was driven by a huge vs. prior year revenue jump from a low prior base. That strength sits next to a more muted full-year 2024 EPS figure of $1.69, which tells you this business is still lumpy.
$117M
revenue
$1.32
eps
39.0%
gross margin
the number that mattered
Revenue rose 194% vs. prior year to $117M, which matters because tiny producers do not get many chances to show scale all at once.
source: company earnings report, 2026
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What could go wrong
the top risk is cash-margin compression at a mature asset base. this company does not need debt to get in trouble. it just needs lower realized prices, weaker wells, or both.
med
Adjusted EBITDA margin slips below the 45% level that made the story work
Last year's snapshot data showed $101M of adjusted EBITDA on $156M of revenue. That margin is the quiet part loud: it is why a shrinking producer can still look attractive.
If that cash conversion fades while revenue tracks closer to the $125M estimate, the stock stops looking like a cheap cash machine and starts looking like a shrinking asset.
med
379K net acres sounds large until you remember the properties are mature
About 95% of the acreage is held by production. That means the current asset base is doing most of the work already. You have less growth optionality than a producer still proving up new inventory.
If base production declines faster than expected, replacing it takes more capital and the low-multiple argument loses some of its charm.
med
the dividend is small, but it still has to be earned every quarter
The company paid $15.9M in dividends last year and has a $0.12 per share payment scheduled for march 31, 2026. In a commodity business, cash returns look stable right up until they are not.
If payout coverage gets tight, a dividend cut would remove one of the cleanest reasons to own the stock while you wait.
Three risks matter most. Two of them point to the same place: if the margin profile weakens and cash returns follow it down, a lot of the $623M equity story disappears.
source: institutional data · regulatory filings · risk analysis
Pay attention to
margin
is the 45% adjusted EBITDA profile holding up
This is the number that mattered last year. If it erodes while revenue stays soft, the thesis changes before the headline p/e does.
dividend
next board signal on the $0.12 payout
You want the next dividend declaration to look routine. If it starts looking debated, the market will notice before management says much.
production
2026 results versus the guidance set in march
This is where a mature acreage story either earns trust or loses it. Stable production keeps the value case alive.
consensus
Q1 2027 expectations of $0.40 EPS on $46.35M revenue
Those estimates are the next external hurdle. Miss them by enough and the market stops giving credit for past discipline.
Analyst rankings
earnings predictability
5 / 100
in human-speak, analysts do not think this business delivers clean, easy-to-model quarters
risk rank
2
that places SD on the safer side of the scale, helped by the no-debt balance sheet
price stability
15 / 100
the company may look financially cleaner than peers, but the stock still trades like a volatile commodity name
source: institutional data
Institutional activity
institutional ownership data for SD is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$15
current price
n/a
target midpoint · n/a from current
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