Sandridge Energy, Inc. has released its financial and operational results for the quarter and fiscal year ended December 31, 2025. The company's recent highlights include the declaration of a cash dividend of $0.12 per share, payable on March 31, 2026, and achieving a new company record of more than four years without a recordable safety incident.
In 2025, the company paid $15.9 million, or $0.46 per share, in regular quarterly cash dividends and issued 0.1 million shares under the dividend reinvestment plan. Additionally, the company repurchased 0.6 million shares of common stock for $6.4 million with a weighted average price of $10.72.
As of December 31, 2025, the company had $112.3 million of cash and cash equivalents, including restricted cash. Production averaged 18.5 thousand barrels of oil equivalent (MBOE) per day during the full year, representing an increase of 12% on a BOE basis and 32% on oil compared to 2024.
The company generated net income of $21.6 million, or $0.59 per basic share, during the fourth quarter of 2025. Adjusted net income was $12.5 million, or $0.34 per basic share during the same period. The adjusted EBITDA for 2025 was $101.1 million.
In terms of drilling and completion operations, six wells from the company's ongoing one-rig Cherokee development program were turned to sales during 2025. These wells generated an average per well peak 30-day initial production rate of approximately 2,000 gross BOE per day, with around 44% being oil.
The company's liquidity and capital structure remained strong, with no outstanding term or revolving debt obligations as of December 31, 2025. Sandridge also provided guidance for 2026, emphasizing its commitment to growing the value of its asset base in a safe, responsible, and efficient manner.
Furthermore, the company highlighted its environmental, social, and governance ("ESG") commitment, including initiatives to mitigate emissions and maintain a strong safety track record.
The financials show notable changes in various metrics compared to previous periods. For example, net income increased by $5.69 million in the fourth quarter of 2025 compared to the third quarter, and adjusted net income decreased by $2.98 million over the same period. Additionally, production for the fourth quarter of 2025 saw an increase of 43 MBOE compared to the third quarter.
Sandridge Energy's press release provides a detailed overview of its financial performance and strategic outlook, reflecting the company's focus on operational efficiency, capital allocation, and commitment to ESG principles. Today the company's shares have moved 0.14% to a price of $14.63. For more information, read the company's full 8-K submission here.
