SandRidge Energy, Inc. (SD) reported a strong financial performance for the second quarter of 2025, with net income increasing to $19.6 million (53 cents per share), up from $8.8 million (24 cents per share) in the same quarter last year. Adjusted net income rose by 94% to $12.2 million (33 cents per share), with revenues climbing 33% year-over-year to $34.53 million, primarily driven by a 19% increase in production volumes and a 46% surge in oil output due to operational enhancements and the Cherokee acquisition.
Average daily production reached 17.8 MBoe, while oil accounted for 17% of total volumes. The company reported a decline in realized oil prices to $62.80 per barrel from $79.54, but also saw a rise in realized natural gas prices, improving to $1.82 per Mcf from 66 cents. SandRidge ended the quarter with $104.2 million in cash and no debt, maintaining a disciplined capital spending plan for the year in a range of $66 million to $85 million.
In addition, the board approved a 9% increase in the quarterly dividend to 12 cents per share, payable on September 29, 2025, with management also indicating openness to further acquisitions using its strong liquidity position and federal net operating loss carryforwards of $1.6 billion.
