SandRidge Energy, Inc. (SD) reported a net income of $21.6 million, or 59 cents per share, for Q4 2025, an increase from $17.6 million, or 47 cents per share, in the same period last year. Revenues from oil, natural gas, and natural gas liquids reached $39.4 million, slightly up from $39 million year-over-year. Production totaled 1.797 million barrels of oil equivalent (MBoe), up from 1.754 MBoe a year earlier, while average daily production was 19.5 MBoe/d compared to 19.1 MBoe/d in Q4 2024.
The company’s realized oil price fell to $57.56 per barrel, down from $71.44 a year earlier, while natural gas prices increased to $2.20 per Mcf from $1.47. As of December 31, 2025, SandRidge held $112.3 million in cash and reported no debt. For 2026, the company forecasts production between 6.4 and 7.7 million barrels of oil equivalent, with capital expenditures estimated at $76 million to $97 million.
SandRidge’s shares have declined 1.3% following the earnings release, while the S&P 500 has returned 0.7% in the same timeframe. The company paid out $15.9 million in dividends and repurchased shares worth $6.4 million in 2025, declaring a quarterly dividend of 12 cents per share payable on March 31, 2026.
