SandRidge Q3 net income rises to $30.6 million, or $0.83 per share, from $16.0 million
SandRidge reported third-quarter 2026 net income of $30.6 million, or $0.83 per basic share, up from $16.0 million a year earlier, on revenue up 37% to $54.4 million and production up 10%. Net income includes a $14.2 million income tax benefit, and the company's adjusted net income was $23.8 million, or $0.64 per basic share, versus $0.42 a year earlier. The Board also declared a $0.13 per share dividend payable November 30, 2026, and the company reported no outstanding term or revolving debt as of September 30, 2026.
Key points
- Third-quarter net income of $30.6 million, or $0.83 per basic share, versus $16.0 million, or $0.44 per basic share, in the third quarter of 2025
- Adjusted net income of $23.8 million, or $0.64 per basic share, versus $15.5 million, or $0.42 per share, a year earlier
- Revenue of $54.4 million, up 37% from $39.8 million; realized oil price fell to $85.27 per barrel from $95.35 in the second quarter
- Dividend of $0.13 per share declared November 3, 2026, payable November 30, 2026 to holders of record on November 19, 2026; cash balance was $70.0 million on September 30, 2026
The filing
Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 04, 2026.
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