Sandridge Energy (SD) Tops Q2 EPS by 5c, Updates Guidance
Sandridge Energy (NYSE: SD) reported Q2 EPS of ($0.03), $0.05 better than the analyst estimate of ($0.08).
2015 Operational Guidance
The Company is raising its 2015 production guidance. Additionally, the Company is lowering its LOE, production tax and DD&A guidance. The Company is also issuing standalone guidance for its Mid-Continent operations inclusive of its legacy Mid-Continent properties. Additional 2015 Guidance detail is available on the Company's website, www.sandridgeenergy.com, under Investor Relations/Guidance.
Total Company | Mid-Continent | |||||||
Projection as of | Projection as of | Projection as of | ||||||
May 6, 2015 | August 5, 2015 | August 5, 2015 | ||||||
Production | ||||||||
Oil (MMBbls) | 9.0 - 10.0 | 9.3 - 10.0 | 7.9 - 8.6 | |||||
NGL (MMBbls) | 4.0 - 5.0 | 4.6 - 5.0 | 4.5 - 4.9 | |||||
Total Liquids (MMBbls) | 13.0 - 15.0 | 13.9 - 15.0 | 12.4 - 13.5 | |||||
Natural Gas (Bcf) | 89.5 - 93.5 | 90.5 - 93.5 | 78.4 - 81.4 | |||||
Total (MMBoe) | 28.0 - 30.5 | 29.0 - 30.5 | 25.5 - 27.0 | |||||
Price Realization | ||||||||
Oil (differential below NYMEX WTI) | $3.75 | $3.75 | ||||||
NGL (realized % of NYMEX WTI) | 30% | 30% | ||||||
Natural Gas (differential below NYMEX Henry Hub) | $0.75 | $0.75 | ||||||
Costs per Boe | ||||||||
Lifting | $12.25 - $13.00 | $11.50 - $12.50 | $8.75 - $9.75 | |||||
Production Taxes | 0.65 - 0.85 | 0.60 - 0.80  | ||||||
DD&A - oil & gas | 11.50 - 13.50 | 11.00 - 12.00 | ||||||
DD&A - other | 2.00 - 2.20 | 1.75 - 1.95 | ||||||
Total DD&A | $13.50 - $15.70 | $12.75 - $13.95 | ||||||
G&A - cash | 3.00 - 3.50 | 3.00 - 3.50 | ||||||
G&A - stock | 0.50 - 0.75 | 0.50 - 0.75 | ||||||
Total G&A | $3.50 - $4.25 | $3.50 - $4.25 | ||||||
EBITDA from Oilfield Services and Other ($ in millions) (1) | $10 | $10 | ||||||
Adjusted Net Income Attributable to Noncontrolling Interest ($ in millions) (2) | $60 | $60 | ||||||
Adjusted EBITDA Attributable to Noncontrolling Interest ($ in millions) (3) | $90 | $90 | ||||||
Capital Expenditures ($ in millions) | ||||||||
Exploration and Production | $612 | $612 | ||||||
Land and Geophysical | 38 | 38 | ||||||
Total Exploration and Production | $650 | $650 | ||||||
Oil Field Services | 5 | 5 | ||||||
Electrical/Midstream | 30 | 30 | ||||||
General Corporate | 15 | 15 | ||||||
Total Capital Expenditures (excluding acquisitions) | $700 | $700 | ||||||
For earnings history and earnings-related data on Sandridge Energy (SD) click here.