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Stock impact report

Q1 results reflect 'early progress' says SandRidge Energy [Seeking Alpha]

SandRidge Energy, Inc. (SD) 
Last sandridge energy, inc. earnings: 2/21 04:15 pm Check Earnings Report
Company Research Source: Seeking Alpha
Q1 results reflect 'early progress' says SandRidge Energy - SandRidge Energy, Inc. (NYSE:SD) | Seeking Alpha Earnings | Energy Q1 results reflect 'early progress' says SandRidge Energy May 9, 2019 11:38 AM ET SandRidge Energy, Inc. (SD) Vandana Singh SandRidge Energy ( -5.6% Production fell 1.4% Y/Y to 3,161 MBoe equivalent to 35.1 MMBoe/day; however, production was up 4% sequentially Average realized price for oil and natural gas increased 3% and 28% to $50.84/bbl and 2.54/Mcf, respectively; while NGL price declined 36% to $14.98/bbl. Lease operating is down 1.6% to $7.21/Boe. Reports narrower operating loss of $4.3M from ~$42M last year; adjusted EBITDA remains flat at ~$41M. Capital expenditures totaled $71M, and reaffirms capital guidance of ~$160M-$180M for 2019. Previously: SandRidge Energy reports Q1 results Click to subscribe to real-time analytics on SD Now read: Noble: Cash Burn Concerns On Slow Offshore Drilling Industry Recovery » Subscribe Show less Read more
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