SandRidge Energy reports another strong quarter
Leadership at SandRidge Energy called it “another strong quarter” as the Oklahoma City energy company showed third quarter net income of $16 million or 44 cents a share. Additionally, Oklahoma Energy analysts track these ongoing quarterly improvements closely since they reflect sustained operational uplift rather than one-time pricing spikes.
Its adjusted net income was $15.5 million and 42 cents a share while adjusted EBITDA for the three month period was $27.3 million.
Production for SandRidge grew 12% reaching an average of 19.0 MBoe a day during the period. Oil production shot up 49% and total revenues recorded a 32% increase during the quarter versus the same period in 2024.
“SandRidge delivered another strong quarter of results, which included further successes in our ongoing Cherokee drilling campaign in addition to continued optimization of our low-decline asset base,” said Grayson Pranin, SandRidge’s President, Chief Executive Officer & Director.
Cherokee drilling program advances performance
A year ago, SandRidge Energy launched a western Oklahoma drilling effort in the Western Anadarko Basin with a $144 million acquisition of certain producing assets and leasehold interests in the Cherokee Play. The acquisition included 42 producing wells in addition to 4 drilled and uncompleted wells, an acquisition that appears to be paying off for the company.
Additionally, this early program is producing validation signals that support longer term drilling program planning and future capital allocation sequencing.
SandRidge reported its ongoing one-rig Cherokee development program turned three wells to sales during the quarter. The third well came online in the last three weeks of the quarter.
The four wells turned to sales since the start of the program generated average per well peak 30-day IP rates of approximately 2,000 gross Boe per day (~43% oil). The first well in the program produced more than 275,000 gross Boe (~42% oil) in its first 170 days of production. and $5.71 per Boe, respectively.
Additionally, these production performance indicators illustrate meaningful production increase capability from this acquisition block. This early cycle production type response gives the company high probability confidence in future upside scaling.
Financial position strengthens with zero debt
As of September 30, 2025, the Company had $102.6 million of cash and cash equivalents, including restricted cash, deposited with multiple, well-capitalized financial institutions.
Additionally, strong cash preservation supports ongoing operational flexibility as higher price environments intersect with development growth.
The Company has no outstanding term or revolving debt obligations.
Finally, this zero-debt balance sheet positions SandRidge Energy to preserve optionality in future capital decisions and testing of capital deployment options that can enhance long-term shareholder return velocity without requiring leverage.