The strong production growth and high oil prices are positive, but the EPS miss vs consensus may limit upside. Monitor the Q3 2026 closing of the Cherokee acquisition and commodity price trends for further catalysts. The zero-debt balance sheet and growing free cash flow support the dividend, but the stock may trade sideways until the next earnings beat.
Price Chart
Executive Summary
SandRidge Energy reported Q2 2026 GAAP EPS of $0.72, a 36% YoY increase from $0.53, but missed the consensus estimate of $0.75 by 4%. Revenue of $51.1M surged 48% YoY, driven by a 22% increase in oil production and higher realized oil prices ($95.35/bbl vs $62.80). The company declared a $0.13/share quarterly dividend and noted an anticipated Q3 2026 closing of a Cherokee Play acquisition. The strong operational performance and production growth are positive, but the EPS miss tempers the outlook, resulting in a neutral-to-slightly-bullish read.
Key Financial Metrics
Key Facts
- Q2 2026 GAAP EPS of $0.72 (vs $0.53 YoY), missing consensus of $0.75.
- Q2 2026 revenue of $51.1M, up 48% YoY from $34.5M.
- Production averaged 19.7 MBoe/d, up 11% YoY; oil production up 22% YoY.
- Realized oil price jumped to $95.35/bbl from $62.80/bbl YoY.
- Declared a $0.13/share quarterly dividend, payable Aug 31, 2026.
- Anticipates closing a Cherokee Play acquisition in Q3 2026, adding 7,000 net acres.
- Cash and cash equivalents of $114.7M with zero debt.
- Free cash flow of $23.2M in Q2 2026, up from $9.8M YoY.
Financial Impact
Revenue up 48% YoY to $51.1M; EPS of $0.72 vs consensus $0.75 (4% miss).
Risk Factors
- EPS miss vs consensus of $0.75 could lead to short-term selling pressure.
- Natural gas realized prices declined sharply to $1.36/Mcf from $3.13/Mcf QoQ.
- No share repurchases in Q2 2026; $68.3M authorization remains unused.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-053557 |
| Document: sd-20260804.htm | 0001628280-26-053557 |
| Document: 0001628280-26-053557-index-headers.html | 0001628280-26-053557 |
| Document: 0001628280-26-053557-index.html | 0001628280-26-053557 |
| Document: 0001628280-26-053557.txt | 0001628280-26-053557 |
| 8-K Data (Synthetic) | 0001628280-26-053557 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 5, 2026 8w ago | 8-K | $13.44 $14.31 | ▲ +6.47% | ▲ +5.87% | $13.62 (+1.34%) |
Jun 30, 2026 13w ago | 144 | $13.39 $13.63 | ▲ +1.79% | ▲ +3.98% | $13.62 (+1.72%) |
Jun 29, 2026 13w ago | 144 | $13.70 $13.43 | ▼ −1.97% | ▼ −0.94% | $13.62 (−0.58%) |
Jun 26, 2026 14w ago | 144 | $13.80 $13.82 | ▲ +0.14% | ▲ +0.42% | $13.62 (−1.30%) |
Jun 25, 2026 14w ago | 144 | $13.51 $14.19 | ▲ +5.03% | ▲ +3.77% | $13.62 (+0.81%) |
Jun 24, 2026 14w ago | 144 | $13.57 $14.19 | ▲ +4.57% | ▲ +4.04% | $13.62 (+0.37%) |
May 6, 2026 21w ago | 8-K | $14.99 $15.36 | ▲ +2.47% | ▼ −0.67% | $13.62 (−9.14%) |
Apr 27, 2026 22w ago | DEFA14A | $15.51 $14.74 | ▼ −4.96% | ▼ −10.43% | $13.62 (−12.19%) |
Apr 21, 2026 23w ago | 8-K | $15.06 $15.87 | ▲ +5.38% | ▲ +2.21% | $13.62 (−9.56%) |
Mar 5, 2026 30w ago | 8-K | $17.15 $15.45 | ▼ −9.90% | ▼ −6.11% | $13.62 (−20.57%) |
US Market Status
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