SandRidge Energy reported second-quarter revenue of $51.1 million, up 48% year over year, alongside production of 19.7 MBoe per day and a new $0.13 per share dividend declared by the board on August 4. The company ended the quarter with $114.7 million in cash and no term or revolving debt outstanding as of June 30, a balance sheet that supported the payout, which is payable August 31 to holders of record on August 19 and extends a program that has returned $5.05 per share since 2023. Oil production rose 22% and total production climbed 11% from the same period in 2025 as the one-rig Cherokee development program added wells, with four wells completed in the first half of 2026 and two more finished in July, and free cash flow swung to $23.2 million from negative $1.1 million in the first quarter of 2026. Natural gas made up 50% of production but only 14% of revenue after realized gas prices fell to $1.36 per Mcf from $3.13 per Mcf in the first quarter and $1.82 per Mcf a year earlier, while realized price per Boe slipped to $28.45 from $29.78 sequentially even as oil prices rallied to $95.35 per barrel. The pending Cherokee acquisition, expected to close in the third quarter of 2026, would add about 7,000 net acres and stakes in 21 wells with eight development locations already proven up, and SandRidge repurchased no shares during the quarter, leaving $68.3 million of its $75.0 million buyback authorization untouched.
SandRidge Energy IncQ2 revenue jumped 48% to $51.1M with free cash flow swinging to $23.2M and a new $0.13 dividend declared.
Dalipal Holdings Ltd