SandRidge Energy, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission, reporting nine-month net income of $75,978 thousand and third-quarter revenue of $54,416 thousand.

Key Highlights

  • Nine-month net income: $75,978 thousand for the nine months ended September 30, 2026, compared to $48,560 thousand for the same period in 2025, according to the filing.
  • Q3 2026 revenue: Oil, natural gas, and NGL revenues totaled $54,416 thousand for the three months ended September 30, 2026, up from $39,822 thousand in Q3 2025.
  • Income tax benefit: The company reported an income tax benefit of $14,218 thousand in Q3 2026, contributing to net income of $30,615 thousand for the quarter.
  • Total assets: $712,703 thousand as of September 30, 2026, compared to $644,021 thousand at December 31, 2025.
  • Cash and cash equivalents: $68,666 thousand as of September 30, 2026, down from $110,998 thousand at December 31, 2025.
  • Diluted EPS: $2.05 for the nine months ended September 30, 2026, versus $1.32 for the same period in 2025.
  • Shares outstanding: 37,107,240 shares of common stock as of October 29, 2026, per the filing.

SandRidge Energy's Third-Quarter 2026 Financial Results and Balance Sheet Position

SandRidge Energy, Inc. (NYSE:SD) disclosed its unaudited condensed consolidated financial results for the three and nine months ended September 30, 2026 in its quarterly report. According to the filing, oil, natural gas, and NGL revenues for the nine-month period reached $155,310 thousand, compared to $116,957 thousand for the nine months ended September 30, 2025. For the third quarter alone, revenues of $54,416 thousand exceeded the prior-year quarter's $39,822 thousand.

The filing reported that total expenses for the nine months ended September 30, 2026 were $95,767 thousand, producing income from operations of $59,543 thousand. Lease operating expenses for the nine-month period were $32,138 thousand, up from $28,384 thousand in the comparable 2025 period. A loss on derivative contracts of $5,696 thousand was recorded for the nine months ended September 30, 2026, compared to a gain of $5,936 thousand in the prior-year period. The company disclosed an income tax benefit of $14,218 thousand in Q3 2026, which the filing reflected as a benefit rather than an expense, resulting in net income for the third quarter of $30,615 thousand.

On the balance sheet, the filing reported total stockholders' equity of $569,536 thousand as of September 30, 2026, up from $510,871 thousand at December 31, 2025. The accumulated deficit narrowed to $393,780 thousand from $469,758 thousand over the same period. Net oil and natural gas properties grew to $436,229 thousand from $340,639 thousand, and deferred tax assets, net of valuation allowance, stood at $92,554 thousand at September 30, 2026, versus $78,336 thousand at year-end 2025. Common stock authorized was 250,000 thousand shares, with 37,107 thousand shares issued and outstanding at September 30, 2026.

What Was Disclosed

SandRidge Energy filed its quarterly report covering the period ended September 30, 2026, disclosing unaudited financial statements including income, balance sheet, and cash flow data, along with management's discussion, market risk disclosures, and controls and procedures information.