The dividend increase signals confidence in cash generation, but negative FCF due to capex warrants monitoring. No guidance revision suggests management is comfortable with prior 2026 outlook. Watch for capex efficiency and production trends in subsequent quarters.
Price Chart
Executive Summary
SandRidge Energy reported Q1 2026 revenue of $49.8M (+17% YoY) and GAAP EPS of $0.51, with adjusted EPS of $0.59. The board raised the quarterly dividend 8% to $0.13/share and declared a $0.20/share special dividend. Despite strong production growth and no debt, free cash flow turned negative due to elevated capex, and no formal guidance update was provided.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $49.8M, up 17% YoY from $42.6M
- GAAP net income $18.7M ($0.51/share) vs $13.0M ($0.35/share) YoY
- Adjusted net income $21.6M ($0.59/share) vs $14.5M ($0.39/share) YoY
- Quarterly dividend increased 8% to $0.13/share; one-time dividend of $0.20/share declared
- Free cash flow was -$1.1M, compared to +$13.6M in Q1 2025, due to $23.5M in investing outflows
- No debt; cash and equivalents of $104.1M at quarter end
- Production averaged 18.6 MBoe/d, up 4% YoY; oil production up 31%
Financial Impact
Revenue growth of 17% YoY to $49.8M; free cash flow swung from +$13.6M to -$1.1M
Risk Factors
- Negative free cash flow may pressure dividend sustainability if capex remains elevated
- Commodity price volatility (oil, natural gas) could impact realized prices and margins
- Limited analyst coverage and low trading volume may amplify price moves on unexpected news
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-031401 |
| Document: sd-20260505.htm | 0001628280-26-031401 |
| Document: 0001628280-26-031401-index-headers.html | 0001628280-26-031401 |
| Document: 0001628280-26-031401-index.html | 0001628280-26-031401 |
| Document: 0001628280-26-031401.txt | 0001628280-26-031401 |
| 8-K Data (Synthetic) | 0001628280-26-031401 |
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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