SandRidge Energy finds and pumps oil and natural gas from wells it owns across Oklahoma and Kansas, with 817 active wells and 71.3 million barrels of proved reserves.
Revenue was $0.16B in 2025, with net income of $0.07B (44.9% net margin). Profits come from selling crude and gas, and are highly tied to commodity prices, making them volatile and not recurring.
No durable edge—oil and gas are commodities, and SandRidge competes with larger, lower-cost producers like Devon Energy and Continental Resources. Its small acreage and price-dependent margins leave it vulnerable to market swings.

Key events, in time order
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A comparison of four Mid-Continent oil and gas producers suggests $SD is the most compelling investment opportunity among them, based on a fundamental analysis.
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