Overview

• SandRidge Q3 oil production rises 49%, boosting revenue by 32% yr/yr

• Company declares dividend of $0.12 per share, payable November 28, 2025

• SandRidge reports Q3 net income of $16 mln, adjusted EBITDA of $27.3 mln

Outlook

• Company evaluates merger and acquisition opportunities with strong balance sheet

Result Drivers

• CHEROKEE DEVELOPMENT - Increased production from Cherokee acquisition and development program drove 49% rise in oil production and 32% revenue growth

• DRILLING SUCCESS - Four wells from Cherokee program achieved average peak production rates of 2,000 gross Boe per day

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the oil & gas exploration and production peer group is "buy"

• Wall Street's median 12-month price target for SandRidge Energy Inc is $16.00, about 25.7% above its November 4 closing price of $11.88

• The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 6 three months ago

Press Release: ID:nPnbb5PR0a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)