Filing Flows › Sandridge Energy (SD) › Q1 2025
Sandridge Energy (SD) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Sandridge Energy (SD) reported revenue of $42.6M for the first quarter 2025 (Q1 2025), +41% from a year earlier and +9% from the quarter before. Operating margin was 28.6%, net earnings $13.0M (30.6% of revenue).
Sandridge Energy, Q1 2025: revenue $42.6M (+41% year over year), operating margin 28.6%, net earnings $13.0M, operating cash flow $20.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $42.6M | +9% | +41% |
| Operating profit | $12.2M | +21% | +45% |
| Net earnings | $13.0M | -26% | +17% |
| Operating cash flow | $20.3M | -22% | +30% |
| Free cash flow | $13.6M | — | -6% |
What changed
Revenue was $42.6M in Q1 2025, up 41% year over year and up 9% from the previous quarter. Oil was the largest line at 44% of revenue. Natural gas added $6.7M year over year (up 111%), 54% of the total change.
Operating profit was $12.2M, a 28.6% margin (up 0.8 points year over year). Of the extra revenue versus a year earlier, 31% reached operating profit, above the 28% margin then. Total costs grew 39% against revenue growth of 41%. Net earnings were $13.0M, up 17% year over year. The effective tax rate was 0.0%.
Operating cash flow was $20.3M (up 30% year over year), 156% of net earnings. Non-cash charges added back $10.0M of depreciation and amortization and $650K of share-based compensation. Working capital and other items used $3.4M. After net cash used in investing activities, net ($6.7M) and proceeds from sale of assets ($49K), free cash flow as the company reports it was $13.6M.
Questions
What was Sandridge Energy's revenue in the first quarter 2025?
Sandridge Energy (SD) reported revenue of $42.6M for the first quarter 2025 (Q1 2025), +41% from a year earlier and +9% from the quarter before.
Was Sandridge Energy profitable in the first quarter 2025?
Operating profit was $12.2M (28.6% of revenue) and net earnings $13.0M.
Source: Sandridge Energy 10-Q on SEC EDGAR.