SandRidge Energy, Inc. (SD) 10-Year Financial Performance & Capital Metrics

SD • • Industrial / General

EnergyOil & Gas E&PConventional Onshore E&PRegional Conventional Specialists

AboutSandRidge Energy, Inc. engages in the acquisition, development, and production of oil and natural gas primarily in the United States Mid-Continent. As of December 31, 2021, it had an interest in 817.0 net producing wells; and operated approximately 368,000 net leasehold acres in Oklahoma and Kansas, as well as total estimated proved reserves of 71.3 million barrels of oil equivalent. The company was incorporated in 2006 and is headquartered in Oklahoma City, Oklahoma.Show more

Revenue $125M -15.7%
EBITDA $66M -23.9%
Net Income $63M +3.5%
EPS (Diluted) 1.69 +3.0%
Gross Margin 36.73% -26.0%
EBITDA Margin 52.44% -9.7%
Operating Margin 26.52% -38.6%
Net Margin 50.27% +22.8%
ROE 13.57% +6.6%
ROIC 8.62% -59.9%
Debt/Equity -
Interest Coverage 253.63 -58.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 30.8%
✓FCF machine: 37.9% free cash flow margin
✓Trading at only 1.2x book value

✗Weaknesses

✗Sales declining 14.0% over 5 years
✗Dividend payout exceeds 100% of earnings
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-22.28%

5Y-14.03%

3Y-9.47%

TTM29.68%

Profit (Net Income) CAGR

10Y-12.99%

5Y-

3Y-18.59%

TTM40.15%

EPS CAGR

10Y12.73%

5Y-

3Y-18.57%

TTM39.26%

ROCE

10Y Avg-40.3%

5Y Avg6.29%

3Y Avg20.31%

Latest6.35%

Peer Comparison

Regional Conventional Specialists

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TXOTXO Partners, L.P.	590.57M	10.78	16.58	-25.72%	4.62%	2.29%		0.26
BRYBerry Corporation	253M	3.26	13.04	-9.22%	-13.36%	-14.22%	42.64%	0.60
CRCCalifornia Resources Corporation	4.22B	47.21	10.22	5.12%	10.88%	11.15%	8.3%	0.35
SDSandRidge Energy, Inc.	537.26M	14.61	8.65	-15.71%	42.42%	13.43%	8.85%
PNRGPrimeEnergy Resources Corporation	280.08M	171.30	7.80	89.96%	12.85%	11.79%		0.04
TPETTrio Petroleum Corp.	10.02M	0.83	-0.19		-20.63%	-54.86%		0.10
BRNBarnwell Industries, Inc.	14.42M	1.15	-1.62	-100%	-42.31%	-76.43%		0.01

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	768.71M	768.71M	357.3M	349.39M	266.85M	114.98M	168.88M	254.26M	148.64M	125.29M
Revenue Growth %	-0.51%	0%	-0.54%	-0.02%	-0.24%	-0.57%	0.47%	0.51%	-0.42%	-0.16%
Cost of Goods Sold+	742.65M	695.91M	248.26M	251.44M	268.89M	111.15M	61.36M	75.05M	74.91M	79.27M
COGS % of Revenue	0.97%	0.91%	0.69%	0.72%	1.01%	0.97%	0.36%	0.3%	0.5%	0.63%
Gross Profit+	26.06M	72.8M	109.04M	97.96M	-2.04M	3.83M	107.52M	179.21M	73.73M	46.02M
Gross Margin %	0.03%	0.09%	0.31%	0.28%	-0.01%	0.03%	0.64%	0.7%	0.5%	0.37%
Gross Profit Growth %	-0.96%	1.79%	0.5%	-0.1%	-1.02%	2.87%	27.1%	0.67%	-0.59%	-0.38%
Operating Expenses+	154.64M	190.42M	76.5M	54.35M	444.72M	277.33M	-6.57M	3.76M	9.56M	12.79M
OpEx % of Revenue	0.2%	0.25%	0.21%	0.16%	1.67%	2.41%	-0.04%	0.01%	0.06%	0.1%
Selling, General & Admin	132.72M	137.72M	76.02M	55.35M	32.06M	15.33M	9.68M	9.45M	10.73M	11.7M
SG&A % of Revenue	0.17%	0.18%	0.21%	0.16%	0.12%	0.13%	0.06%	0.04%	0.07%	0.09%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	2.04M	2.04M	0	2.87M	412.66M	262.01M	-16.24M	-5.69M	-1.18M	1.1M
Operating Income+	-4.64B	-4.64B	39.63M	-10.38M	-446.77M	-273.51M	114.09M	175.45M	64.18M	33.23M
Operating Margin %	-6.04%	-6.04%	0.11%	-0.03%	-1.67%	-2.38%	0.68%	0.69%	0.43%	0.27%
Operating Income Growth %	-8.87%	0%	1.01%	-1.26%	-42.06%	0.39%	1.42%	0.54%	-0.63%	-0.48%
EBITDA+	-4.28B	-4.49B	171.52M	128.89M	-288.21M	-215.42M	129.53M	193.34M	86.35M	65.7M
EBITDA Margin %	-5.56%	-5.84%	0.48%	0.37%	-1.08%	-1.87%	0.77%	0.76%	0.58%	0.52%
EBITDA Growth %	-4.94%	-0.05%	1.04%	-0.25%	-3.24%	0.25%	1.6%	0.49%	-0.55%	-0.24%
D&A (Non-Cash Add-back)	367.3M	152.28M	131.89M	139.26M	158.56M	58.09M	15.45M	17.88M	22.18M	32.48M
EBIT	-4.02B	-4.03B	43.1M	-6.42M	-446.33M	-276.25M	98.23M	169.86M	74.92M	40.88M
Net Interest Income+	-303.94M	-303.94M	-3.87M	-2.79M	-2.97M	-1.73M	-230K	1.81M	10.55M	7.74M
Interest Income	1.08M	1.08M	1.02M	361K	91K	19K	3K	2.03M	10.66M	7.88M
Interest Expense	305.02M	290M	4.89M	3.15M	3.06M	1.75M	233K	216K	104K	131K
Other Income/Expense	321.75M	321.75M	-1.32M	1.23M	-2.54M	-4.49M	2.65M	2.19M	10.64M	7.53M
Pretax Income+	-4.32B	-4.32B	38.31M	-9.15M	-449.31M	-278M	116.74M	177.64M	74.82M	40.75M
Pretax Margin %	-5.62%	-5.62%	0.11%	-0.03%	-1.68%	-2.42%	0.69%	0.7%	0.5%	0.33%
Income Tax+	123K	123K	-8.75M	-71K	0	-646K	0	-64.53M	13.96M	-22.23M
Effective Tax Rate %	0.86%	0.86%	1.23%	0.99%	1%	1%	1%	1.36%	0.81%	1.55%
Net Income+	-3.7B	-3.7B	47.06M	-9.07M	-449.31M	-277.35M	116.74M	242.17M	60.86M	62.99M
Net Margin %	-4.81%	-4.81%	0.13%	-0.03%	-1.68%	-2.41%	0.69%	0.95%	0.41%	0.5%
Net Income Growth %	-15.6%	0%	1.01%	-1.19%	-48.51%	0.38%	1.42%	1.07%	-0.75%	0.03%
Net Income (Continuing)	-4.32B	-4.32B	47.06M	-9.07M	-449.31M	-277.35M	116.74M	242.17M	60.86M	62.99M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	510.18M	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-7.08	-7.08	1.44	-0.26	-12.78	-7.77	3.13	6.52	1.64	1.69
EPS Growth %	-14.88%	0%	1.2%	-1.18%	-48.15%	0.39%	1.4%	1.08%	-0.75%	0.03%
EPS (Basic)	-7.09	-7.08	1.45	-0.26	-12.78	-7.77	3.21	6.59	1.65	1.70
Diluted Shares Outstanding	521.94M	521.94M	32.66M	35.06M	35.43M	35.69M	37.27M	37.15M	37.13M	37.19M
Basic Shares Outstanding	521.72M	521.94M	32.44M	34.9M	35.43M	35.69M	36.39M	36.74M	36.94M	37.11M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	0.13%	1.15%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	674.09M	257.18M	195.1M	73.33M	38.61M	50.81M	161.74M	304.9M	277.85M	127.65M
Cash & Short-Term Investments	435.59M	121.23M	99.14M	17.66M	4.28M	22.13M	137.26M	255.72M	252.41M	98.13M
Cash Only	435.59M	121.23M	99.14M	17.66M	4.28M	22.13M	137.26M	255.72M	252.41M	98.13M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	127.39M	74.1M	71.28M	45.5M	28.64M	19.58M	21.5M	34.73M	22.17M	23.88M
Days Sales Outstanding	60.49	35.18	72.81	47.54	39.18	62.15	46.48	49.86	54.43	69.56
Inventory	91.18M	58.22M	8.72M	9.9M	0	0	0	0	0	0
Days Inventory Outstanding	44.81	30.53	12.82	14.37	-	-	-	-	-	-
Other Current Assets	104.28M	56.47M	19.43M	7.54M	2.35M	6.22M	2.34M	13.92M	2.85M	2.28M
Total Non-Current Assets+	2.32B	824.22M	924.53M	951.01M	569.08M	210.02M	191.18M	295.6M	296.31M	453.86M
Property, Plant & Equipment	2.23B	817.93M	923.24M	949.95M	567.94M	209.34M	190.84M	230.88M	242.61M	378.89M
Fixed Asset Turnover	0.34x	0.94x	0.39x	0.37x	0.47x	0.55x	0.88x	1.10x	0.61x	0.33x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	10.11M	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	72.26M	6.28M	1.29M	1.06M	1.14M	680K	332K	190K	3.13M	2.17M
Total Assets+	2.99B	1.08B	1.12B	1.02B	607.69M	260.83M	352.91M	600.5M	574.17M	581.51M
Asset Turnover	0.26x	0.71x	0.32x	0.34x	0.44x	0.44x	0.48x	0.42x	0.26x	0.22x
Asset Growth %	-0.59%	-0.64%	0.04%	-0.09%	-0.41%	-0.57%	0.35%	0.7%	-0.04%	0.01%
Total Current Liabilities+	437.39M	213.71M	198.91M	137.19M	88.42M	68.88M	64.03M	63.28M	49.32M	60.59M
Accounts Payable	231.7M	65.41M	90.42M	62.73M	29.42M	23.02M	13.73M	17.99M	12.85M	19.5M
Days Payables Outstanding	113.88	34.31	132.94	91.07	39.94	75.58	81.65	87.49	62.63	89.8
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	34.38M	98.03M	67.57M	32.77M	28.99M	24.79M	22.39M	16.94M	10.5M	9.97M
Current Ratio	1.54x	1.20x	0.98x	0.53x	0.44x	0.74x	2.53x	4.82x	5.63x	2.11x
Quick Ratio	1.33x	0.93x	0.94x	0.46x	0.44x	0.74x	2.53x	4.82x	5.63x	2.11x
Cash Conversion Cycle	-8.57	31.41	-47.31	-29.16	-	-	-	-	-	-
Total Non-Current Liabilities+	3.74B	354.77M	80.77M	39.43M	116.81M	63.89M	43.56M	49.3M	56.73M	60.38M
Long-Term Debt	3.56B	305.31M	37.5M	0	57.5M	20M	0	0	0	0
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	179.12M	49.46M	43.27M	39.43M	59.31M	43.89M	43.56M	49.3M	56.73M	60.38M
Total Liabilities	4.18B	568.48M	279.69M	176.62M	205.24M	132.77M	107.59M	112.58M	106.06M	120.98M
Total Debt+	3.63B	305.31M	37.5M	0	57.5M	20M	0	0	0	0
Net Debt	3.2B	184.08M	-61.64M	-17.66M	53.23M	-2.13M	-137.26M	-255.72M	-252.41M	-98.13M
Debt / Equity	-	0.60x	0.04x	-	0.14x	0.16x	-	-	-	-
Debt / EBITDA	-	-	0.22x	-	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-0.36x	-0.14x	-	-	-1.06x	-1.32x	-2.92x	-1.49x
Interest Coverage	-15.22x	-16.01x	8.11x	-3.30x	-145.76x	-156.20x	489.64x	812.27x	617.10x	253.63x
Total Equity+	-1.19B	512.92M	839.94M	847.72M	402.45M	128.07M	245.32M	487.92M	468.11M	460.53M
Equity Growth %	-1.37%	1.43%	0.64%	0.01%	-0.53%	-0.68%	0.92%	0.99%	-0.04%	-0.02%
Book Value per Share	-2.28	0.98	25.72	24.18	11.36	3.59	6.58	13.13	12.61	12.38
Total Shareholders' Equity	-1.7B	512.92M	839.94M	847.72M	402.45M	128.07M	245.32M	487.92M	468.11M	460.53M
Common Stock	630K	20K	36K	36K	36K	36K	37K	37K	37K	37K
Retained Earnings	-6.99B	-333.98M	-286.92M	-296M	-745.36M	-1.02B	-905.97M	-663.8M	-602.95M	-539.96M
Treasury Stock	-5.74M	0	0	0	0	0	0	0	0	0
Accumulated OCI	-11.27B	-356.92M	-476.32M	-605.48M	88.52M	88.52M	88.52M	0	0	0
Minority Interest	510.18M	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	373.54M	-46.48M	181.18M	145.51M	121.32M	36.16M	110.26M	164.7M	115.58M	73.93M
Operating CF Margin %	0.49%	-0.06%	0.51%	0.42%	0.45%	0.31%	0.65%	0.65%	0.78%	0.59%
Operating CF Growth %	-0.4%	-1.12%	4.9%	-0.2%	-0.17%	-0.7%	2.05%	0.49%	-0.3%	-0.36%
Net Income	-4.32B	-4.32B	47.06M	-9.07M	-449.31M	-277.35M	116.74M	242.17M	60.86M	62.99M
Depreciation & Amortization	367.3M	367.3M	131.89M	139.26M	159.26M	58.88M	15.45M	17.88M	22.18M	32.48M
Stock-Based Compensation	18.38M	18.38M	15.75M	23.38M	4.25M	3.01M	1.39M	0	1.95M	2.35M
Deferred Taxes	3.84B	3.42B	-19.66M	19.71M	0	0	-15.45M	-64.53M	0	-22.23M
Other Non-Cash Items	341.89M	346.01M	7.7M	-36.47M	397.36M	246.8M	-5.44M	-2.77M	17.14M	1.32M
Working Capital Changes	127.55M	127.55M	-1.56M	8.71M	9.76M	4.83M	-2.43M	-28.06M	13.46M	-2.97M
Change in Receivables	201.91M	201.91M	115K	16.56M	15.83M	5.87M	841K	-13.21M	12.13M	-842K
Change in Inventory	13.86M	13.86M	318K	2.79M	0	0	1.4M	0	0	0
Change in Payables	-86.47M	-86.47M	-2.2M	-4.26M	0	0	-2.24M	-5.25M	0	2.81M
Cash from Investing+	-1.04B	-207.53M	-245.72M	-183.45M	-189.85M	25.09M	22.97M	-45.12M	-36.16M	-154.7M
Capital Expenditures	-879.2M	-879.2M	-219.25M	-187.05M	-191.68M	-12.46M	-11.64M	-45.56M	-37.64M	-1K
CapEx % of Revenue	1.14%	1.14%	0.61%	0.54%	0.72%	0.11%	0.07%	0.18%	0.25%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-160.44M	671.68M	-26.48M	3.59M	1.83M	37.56M	-3.54M	0	1.47M	-154.69M
Cash from Financing+	920.44M	-7.51M	-8.22M	-43.72M	54.85M	-38.96M	-21.98M	-1.64M	-82.94M	-73.67M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-11.26M	-11.26M	0	0	0	0	0	0	-81.52M	-72.34M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-190.3M	-330K	-8.22M	-7.42M	-911K	-160K	-52K	-1.18M	94K	-393K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-505.66M	-925.68M	-38.07M	-41.53M	-70.35M	23.7M	98.62M	119.13M	77.94M	47.53M
FCF Margin %	-0.66%	-1.2%	-0.11%	-0.12%	-0.26%	0.21%	0.58%	0.47%	0.52%	0.38%
FCF Growth %	0.46%	-0.83%	0.96%	-0.09%	-0.69%	1.34%	3.16%	0.21%	-0.35%	-0.39%
FCF per Share	-0.97	-1.77	-1.17	-1.18	-1.99	0.66	2.65	3.21	2.10	1.28
FCF Conversion (FCF/Net Income)	-0.10x	0.01x	3.85x	-16.03x	-0.27x	-0.13x	0.94x	0.68x	1.90x	1.17x
Interest Paid	0	0	0	0	2.16M	1.26M	177K	0	104K	131K
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-365.72%	-720.89%	6.96%	-1.08%	-71.88%	-104.56%	62.53%	66.05%	12.73%	13.57%
Return on Invested Capital (ROIC)	-84.59%	-257.43%	4.03%	-0.97%	-52.12%	-70.54%	73.13%	77.35%	21.49%	8.62%
Gross Margin	3.39%	9.47%	30.52%	28.04%	-0.77%	3.33%	63.67%	70.48%	49.61%	36.73%
Net Margin	-481.01%	-481.01%	13.17%	-2.6%	-168.38%	-241.23%	69.12%	95.25%	40.94%	50.27%
Debt / Equity	-	0.60x	0.04x	-	0.14x	0.16x	-	-	-	-
Interest Coverage	-15.22x	-16.01x	8.11x	-3.30x	-145.76x	-156.20x	489.64x	812.27x	617.10x	253.63x
FCF Conversion	-0.10x	0.01x	3.85x	-16.03x	-0.27x	-0.13x	0.94x	0.68x	1.90x	1.17x
Revenue Growth	-50.68%	0%	-53.52%	-2.21%	-23.63%	-56.91%	46.88%	50.55%	-41.54%	-15.71%

Revenue by Segment

	2012	2013	2014	2015	2019	2020	2021	2022	2023	2024
Oil	-	-	-	-	186.36M	73.62M	62.3M	87.53M	78.17M	68.23M
Oil Growth	-	-	-	-	-	-60.50%	-15.38%	40.50%	-10.69%	-12.72%
Natural Gas	-	-	-	-	44.15M	22.87M	55.75M	103.07M	34.94M	21.4M
Natural Gas Growth	-	-	-	-	-	-48.20%	143.80%	84.88%	-66.10%	-38.76%
Natural Gas Liquids	-	-	-	-	35.6M	17.96M	50.84M	63.66M	35.53M	-
Natural Gas Liquids Growth	-	-	-	-	-	-49.54%	183.02%	25.23%	-44.20%	-
Other Revenue Source	-	-	-	-	741K	526K	-	-	-	-
Other Revenue Source Growth	-	-	-	-	-	-29.01%	-	-	-	-
Oil And Gas Exploration And Production	2.57B	1.83B	1.42B	707.43M	-	-	-	-	-	-
Oil And Gas Exploration And Production Growth	-	-28.67%	-22.42%	-50.28%	-	-	-	-	-	-
Midstream Activities	116.66M	79.46M	55.39M	33.81M	-	-	-	-	-	-
Midstream Activities Growth	-	-31.89%	-30.29%	-38.97%	-	-	-	-	-	-
Drilling And Oil Field Services	379.35M	66.64M	76.09M	22.12M	-	-	-	-	-	-
Drilling And Oil Field Services Growth	-	-82.43%	14.18%	-70.92%	-	-	-	-	-	-
Others	-	3.13M	4.38M	5.34M	-	-	-	-	-	-
Others Growth	-	-	39.94%	22.07%	-	-	-	-	-	-
All Others	4.36M	-	-	-	-	-	-	-	-	-
All Others Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

SandRidge Energy, Inc. (SD) has a price-to-earnings (P/E) ratio of 8.6x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

SandRidge Energy, Inc. (SD) reported $155.9M in revenue for fiscal year 2024. This represents a 89% decrease from $1.42B in 2011.

SandRidge Energy, Inc. (SD) saw revenue decline by 15.7% over the past year.

Yes, SandRidge Energy, Inc. (SD) is profitable, generating $66.1M in net income for fiscal year 2024 (50.3% net margin).

Dividend & Returns

Yes, SandRidge Energy, Inc. (SD) pays a dividend with a yield of 13.31%. This makes it attractive for income-focused investors.

SandRidge Energy, Inc. (SD) has a return on equity (ROE) of 13.6%. This is reasonable for most industries.

SandRidge Energy, Inc. (SD) generated $37.8M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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