SandRidge Energy Makes A Major Western Anadarko Basin Acquisition [Seeking Alpha]
SandRidge Energy, Inc. (SD)
Last sandridge energy, inc. earnings: 2/21 04:15 pm
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US:NYSE Investor Relations:
investors.sandridgeenergy.com/investor-relations/overview/default.aspx
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Source: Seeking Alpha
Summary SandRidge is making a $144 million cash acquisition of Western Anadarko Basin assets. Its legacy asset oil production has been quickly declining, down 36% year-over-year. The acquisition has the potential to double SandRidge's 2025 EBITDA, compared to without the acquisition. Free cash flow should also be meaningfully improved. SandRidge should have $65 million in remaining cash, proforma for this acquisition and another minor acquisition. Looking for a portfolio of ideas like this one? Members of Distressed Value Investing get exclusive access to our subscriber-only portfolios. Learn More » bjdlzx SandRidge Energy, Inc. ( NYSE: SD ) is making a $144 million cash acquisition of Western Anadarko Basin assets. This helps address SandRidge's challenges around diminishing free cash flow as its existing production (particularly oil) declines without additional development. I had highlighted SandRidge's oil production decline as something to monitor before, and its
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News
- Why SandRidge Energy's (NYSE:SD) Shaky Earnings Are Just The Beginning Of Its Problems [Yahoo! Finance]Yahoo! Finance
- SandRidge Energy Third Quarter 2024 Earnings: EPS: US$0.69 (vs US$0.51 in 3Q 2023) [Yahoo! Finance]Yahoo! Finance
- SandRidge Energy Inc (SDRPQ.PFD) Q3 2024 Earnings Call Highlights: Strategic Acquisitions and ... [Yahoo! Finance]Yahoo! Finance
- SandRidge Reports Y/Y Declines in Earnings and Revenues in Q3 [Yahoo! Finance]Yahoo! Finance
- SANDRIDGE ENERGY, INC. ANNOUNCES FINANCIAL AND OPERATING RESULTS FOR THE THREE AND NINE-MONTH PERIODS ENDED SEPTEMBER 30, 2024 AND DECLARES $0.11 PER SHARE CASH DIVIDENDPR Newswire
SD
Sec Filings
- 11/18/24 - Form 4
- 11/14/24 - Form 8-K/A
- 11/12/24 - Form SC
- SD's page on the SEC website