Sandridge Energy (SD) Reports Q3 EPS of $0.31, Revenues Beat

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Go back to Sandridge Energy (SD) Reports Q3 EPS of $0.31, Revenues Beat

SandRidge Energy, Inc. Reports Financial and Operational Results for Third Quarter 2018

November 7, 2018 4:35 PM EST

OKLAHOMA CITY, Nov. 7, 2018 /PRNewswire/ -- SandRidge Energy, Inc. (the "Company" or "SandRidge") (NYSE: SD) today announced financial and operational results for the quarter ended September 30, 2018. For the third quarter, the Company reported net income of $12 million, or $0.33 per share, and net cash provided by operating activities of $53 million. After adjusting for certain items, the Company's adjusted net income amounted to $11 million, or $0.31 per share, operating cash flow totaled $48 million and adjusted EBITDA was $48 million for the quarter. The Company defines and reconciles such non-GAAP financial measures to the most directly... More