SandRidge Energy Reports Third Quarter Earnings Beat on Revenue and EPS
SandRidge Energy (NYSE: SD) reported third-quarter financial results that exceeded analyst expectations for both earnings per share and revenue. The company posted a Non-GAAP EPS of $0.64, surpassing estimates by $0.13, while total revenues from oil, natural gas, and NGLs reached $54.42 million, beating projections by $5.42 million. The revenue figure represents a significant year-over-year increase of 36.7%. These results come as the company manages its capital programs and pursues strategic growth through bolt-on acquisitions, such as the Cherokee deal, while maintaining focus on free cash flow projections for upcoming periods.
Tickers: $SD