SandRidge to release 1Q earnings report


SandRidge Energy plans to release its first quarter 2024 financial results after the close of markets on Tuesday, May 7.

The company leaders will follow up the release with a conference call to be held Wednesday, May 8 at 10 a.m. central time.

The Oklahoma City company is coming off a fourth quarter where it reported net cash of $26.2 million from operating activities and adjusted operating cash flow of $22.2 million and adjuted EBITDA of $19.5 million. Adjusted net income totaled $13 million or 35 cents a share.

SandRidge completed its 2023 fiscal year with net income of $60.9 million or $1.65 per share. It also generated adjusted EBITDA of $93.2 million during the year.