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Stock impact report

SandRidge Reports Y/Y Declines in Earnings and Revenues in Q3 [Yahoo! Finance]

SandRidge Energy, Inc. (SD) 
Last sandridge energy, inc. earnings: 2/21 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The company's results reflect volatility in the energy market due to fluctuating oil and gas prices. Despite these headwinds, SandRidge has emphasized operational efficiencies and cost management to mitigate the effects of declining prices. Additionally, the company pursued growth initiatives through acquisitions, enhancing its production capacity, and laying the groundwork for cash flow and profitability. SandRidge reported third-quarter 2024 adjusted earnings per share of 19 cents, which declined 56.4% from 44 cents in the prior-year quarter. Total quarterly revenues fell 21.2% to $30.1 million from $38.1 million in the prior-year quarter. Weak quarterly earnings resulted from lower production and commodity price realizations. SandRidge Energy, Inc. price-consensus-eps-surprise-chart | SandRidge Energy, Inc. Quote Total production was 1,563 MBoe in third-quarter 2024 compared with 1,586 MBoe in third-quarter 2023. The total production decline includes a 13.5% decrease in Show less Read more
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