# SandRidge Energy, Inc. (SD)

> Source: Nexqual · https://nexqual.com/SD · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, SandRidge Energy, Inc. (SD), nexqual.com/SD" · informational, not investment advice.

**Price:** USD 14.24 (-0.14% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 14.26 · day 13.89–14.39 · 52w 11.41–18.45 · market cap $528M · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $180M, net income $83.0M (46.1% margin), free cash flow $42.5M (SEC filings).
- Valuation: P/E 6.4x (avg 7.6x at the last 3 fiscal year-ends).
- 2 of 80 tracked superinvestors hold SD (13F, Q2 2026): 0 new, 2 added, 0 reduced, 0 unchanged.
- Analysts: Hold (mean 3.00 on a 1–5 scale) (1 analysts), mean target USD 14 (range 14–14).
- Total return with dividends: 1Y +24.9% vs S&P 500 +14.9%; 5Y +70.0% vs S&P 500 +80.3%.
- Next earnings: 2026-11-04, EPS estimate USD 0.51, revenue estimate $49.0M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $169M | $254M | $149M | $125M | $156M | $180M |
| Operating income | $114M | $175M | $64.2M | $33.2M | $61.0M | $74.0M |
| Net income | $117M | $242M | $60.9M | $63.0M | $70.2M | $83.0M |
| EPS (diluted) | $3.13 | $6.52 | $1.64 | $1.69 | $1.90 | — |
| Free cash flow | $98.7M | $121M | $89.2M | $47.5M | $41.5M | $42.5M |
| Operating margin | 67.6% | 69.0% | 43.2% | 26.5% | 39.0% | 41.1% |
| Net margin | 69.1% | 95.2% | 40.9% | 50.3% | 44.9% | 46.1% |
| Revenue growth | +46.9% | +50.6% | -41.5% | -15.7% | +24.8% | — |
| Cash + short-term investments | $137M | $256M | $252M | $98.1M | $111M | — |
| Total debt | $0K | — | — | — | — | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 6.4x · P/S 2.9x · P/FCF 12.4x · P/B 1.0x · FCF yield 8.05% · Earnings yield 15.71% · Dividend yield (paid, TTM) 4.20% · Buyback yield (TTM) 0.10%
P/E at fiscal year-ends: Dec 2025 7.6x, Dec 2024 6.9x, Dec 2023 8.3x.

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold SD. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Carl Icahn | Icahn Capital Management | 0.84% | $69.3M | Added +2.2% |
| Third Avenue Management |  | 0.77% | $4.8M | Added +6.6% |

## Analysts
Consensus Hold (mean 3.00 on a 1–5 scale), 1 analysts; mean target USD 14 (low 14, high 14).

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +24.9% | +70.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +24.9% | +11.2% |
| Volatility (annualized) | 34.0% | 45.9% |
| Max drawdown | -25.4% (Mar 2026→Jul 2026) | -53.2% (May 2022→Apr 2025) |

## Peers (Oil & Gas E&P)
BSM (Black Stone Minerals, L.P.) USD 14.71 +0.82% · BTE (Baytex Energy Corp) USD 5.32 -1.48% · CRK (Comstock Resources, Inc.) USD 13.97 +1.45% · CRC (California Resources Corporatio) USD 52.96 -1.08% · CNX (CNX Resources Corporation) USD 35.73 +1.62% · CRGY (Crescent Energy Company) USD 13.33 -1.26%

## More
Full page: https://nexqual.com/SD · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Customer concentration

Period ended 2025-12-31: 32.6%, 21.5%, 13.8% of revenue from unnamed direct customers (10-K, filed 2026-03-05).

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.51 | $0.38 | +34.2% | $49.0M | 1 |
| Next quarter (ends 2026-12-31) | $0.46 | $0.44 | +4.5% | $46.6M | 1 |
| Current fiscal year (ends 2026-12-31) | $2.13 | $1.55 | +37.4% | $197.0M | 1 |
| Next fiscal year (ends 2027-12-31) | $1.50 | $1.47 | +2.0% | $171.0M | 1 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-04): ±10.9%; last 8 reports averaged ±3.6%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 41.5% | ±10.9% |
| 2027-01-15 | 84 | 32.4% | ±13.2% |
| 2027-04-16 | 175 | 33.5% | ±19.3% |