SandRidge Energy, Inc. (SD) SEC Filings & Earnings Calls

Commodity Price Volatility

“Prices for oil, natural gas and NGL fluctuate widely and are difficult to predict.” · word for word

Section 382 Ownership Change Risk

“Future transactions involving the Company's stock including those outside of the Company's control could cause an IRC 382 ownership change resulting in a limitation on tax attributes” · word for word

Commodity price volatility; natural gas price decline QoQ

“Realized natural gas price $1.36/Mcf vs $3.13 in Q1 2026; realized price per Boe down slightly QoQ.”

Contingent earn-out payments tied to WTI oil price thresholds introduce commodity price risk.

“three contingent earn-out payments of $2,000,000 each, based on exceeding the average daily spot price for West Texas Intermediate crude oil at certain price thresholds” · word for word

Tax Benefits Preservation Plan extension may indicate ongoing NOL preservation concerns.

“Extension of Tax Benefits Preservation Plan to protect tax benefits.”

Commodity Price Volatility

“Prices for oil, natural gas and NGL fluctuate widely and are difficult to predict.” · word for word

Derivative Losses

“(Gain) loss on derivative contracts $3,526 $2,487”

Production decline quarter-over-quarter due to NGL recovery reduction and weather deferment.

“Boe production for the first quarter was impacted by a decrease in NGL recovery... and increased production deferment from Winter Storm Fern” · word for word

Regulatory compliance cost from methane rules

“This rule and any future revisions thereto will continue to require oil and gas operators to expend material sums.” · word for word

Climate change litigation and policy risk

“The future adoption and implementation of any laws or regulations imposing reporting obligations on, or limiting emissions of GHG from, our equipment and operations could require additional expenditures” · word for word

Hydraulic fracturing regulatory risk

“If new laws or regulations that significantly restrict hydraulic fracturing are adopted at the local, state or federal level, our fracturing activities could become subject to additional permit and financial assurance requirements” · word for word

Significant decline in realized oil prices (-19% YoY) pressures revenue and cash flow; commodity price sensitivity remains high.

“Realized oil price per barrel $57.56 compared to $71.44 in Q4 2024, a decrease of $13.88.” · word for word

Commodity price volatility

“The Company is exposed to commodity price risk, which impacts the predictability of its cash flows from the sale of oil, natural gas and NGL.” · word for word

Legal contingency

“The Company is involved in various lawsuits, claims and proceedings, including a dispute with insurers seeking indemnification.” · word for word

Net income declined 37% YoY due to lower realized oil prices and higher operating costs.

“Net income $15,953 vs $25,484 prior year; realized oil price $65.23 vs $73.07 prior year.”

Lease operating expenses increased due to higher activity from Cherokee acquisition and drilling program.

“Lease operating expenses for the three months ended September 30, 2025 increased in total and per Boe versus the same period in 2024 primarily due to an increase in labor, utility and other costs and increased operational activity.” · word for word