SANDRIDGE ENERGY INC
SD · Crude Petroleum & Natural Gas · 36.9M shares · +1%/yr ↑ shares · EDGAR filings ↗
Reference price $10.96 · est. market cap ~$405M — last insider purchase, 2025-08-18 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B82Small Mid-Continent E&P with top-decile margins, strong cash generation and a clean, low-leverage balance sheet, tempered by commodity price exposure.
Strengths
- Top-decile net margin (98th pct) and operating margin (92nd pct), with strong ROA (92nd) and FCF margin (88th)
- Strong liquidity (current ratio 2.17, 86th pct) and 25% revenue growth (82nd); funds capex and dividends from operating cash flow
Risks
- Commodity-price-driven business with no moat; concentration in a single Mid-Continent region
- Reserve depletion requires continual reinvestment; exposed to oil/gas/NGL price swings and ceiling-test write-down history
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Strong balance sheetStrong balance sheet — $111M cash & investments
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
39.0%
Net margin
44.9%
Return on equity
13.7%
Return on assets
10.9%
Revenue growth (QoQ)
26.3%
Net-income growth
11.5%
Current ratio
2.2×
Free cash flow
$42M
EBITDA
$104M
Tangible book value
$511M
Cash & investments
$111M
Stock comp / revenue
1.8%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-10 | Firestone Jaffrey Adam | Grant | 9.8K | $15.30 |
| 2026-06-10 | Dunlap Nancy Martori | Grant | 9.8K | $15.30 |
| 2026-06-10 | Katz Jacob M | Grant | 9.8K | $15.30 |
| 2026-06-10 | ICAHN BRETT | Grant | 9.8K | $15.30 |
| 2026-05-17 | Parrish Dean | Option exercise | 1.9K | — |
| 2026-05-17 | Parrish Dean | Tax withheld | 546 | $15.27 |
| 2026-05-17 | Brown Brandon Louis Sr. | Option exercise | 1.8K | — |
| 2026-05-17 | Brown Brandon Louis Sr. | Tax withheld | 429 | $15.27 |
| 2026-05-17 | Pranin Grayson R | Option exercise | 3.1K | — |
| 2026-05-17 | Pranin Grayson R | Tax withheld | 1.4K | $15.27 |
| 2026-04-05 | Parrish Dean | Option exercise | 1.6K | — |
| 2026-04-05 | Parrish Dean | Tax withheld | 453 | $15.45 |
| 2026-04-05 | Brown Brandon Louis Sr. | Option exercise | 672 | — |
| 2026-04-05 | Brown Brandon Louis Sr. | Tax withheld | 164 | $15.45 |
| 2026-04-05 | Pranin Grayson R | Option exercise | 2.4K | — |
| 2026-04-05 | Pranin Grayson R | Tax withheld | 1.0K | $15.45 |
| 2026-03-12 | Parrish Dean | Option exercise | 3.2K | — |
| 2026-03-12 | Parrish Dean | Tax withheld | 1.1K | $16.75 |
| 2026-03-12 | Parrish Dean | Grant | 4.8K | — |
| 2026-03-12 | Parrish Dean | Tax withheld | 1.6K | $16.75 |
| 2026-03-12 | Brown Brandon Louis Sr. | Option exercise | 2.6K | — |
| 2026-03-12 | Brown Brandon Louis Sr. | Tax withheld | 759 | $16.75 |
| 2026-03-12 | Brown Brandon Louis Sr. | Grant | 3.8K | — |
| 2026-03-12 | Brown Brandon Louis Sr. | Tax withheld | 1.1K | $16.75 |
| 2026-03-12 | Pranin Grayson R | Option exercise | 5.3K | — |
| 2026-03-12 | Pranin Grayson R | Tax withheld | 1.8K | $16.75 |
| 2026-03-12 | Pranin Grayson R | Grant | 7.9K | — |
| 2026-03-12 | Pranin Grayson R | Tax withheld | 2.3K | $16.75 |
| 2026-03-12 | FRATES JONATHAN | Option exercise | 4.1K | — |
| 2026-03-12 | FRATES JONATHAN | Tax withheld | 1.5K | $16.75 |
| 2026-03-12 | FRATES JONATHAN | Grant | 6.1K | — |
| 2026-03-12 | FRATES JONATHAN | Tax withheld | 2.1K | $16.75 |
| 2025-11-14 | Brown Brandon Louis Sr. | Option exercise | 8.3K | — |
| 2025-11-14 | Brown Brandon Louis Sr. | Tax withheld | 2.0K | $14.43 |
| 2025-09-01 | Parrish Dean | Option exercise | 1.0K | — |
| 2025-09-01 | Brown Brandon Louis Sr. | Option exercise | 1.0K | — |
| 2025-09-01 | Brown Brandon Louis Sr. | Tax withheld | 244 | $11.84 |
| 2025-09-01 | Parrish Dean | Tax withheld | 291 | $11.84 |
| 2025-08-18 | INTRIERI VINCENT J | Buy | 25K | $10.96 |
| 2025-08-01 | ICAHN BRETT | Grant | 13K | $10.00 |
| 2025-06-11 | READ RANDOLPH C | Grant | 13K | $11.16 |
| 2025-06-11 | Firestone Jaffrey Adam | Grant | 13K | $11.16 |
| 2025-06-11 | INTRIERI VINCENT J | Grant | 13K | $11.16 |
| 2025-06-11 | Dunlap Nancy Martori | Grant | 13K | $11.16 |
| 2025-05-17 | Brown Brandon Louis Sr. | Tax withheld | 429 | $10.25 |
| 2025-05-17 | Pranin Grayson R | Option exercise | 3.1K | — |
| 2025-05-17 | Pranin Grayson R | Tax withheld | 914 | $10.25 |
| 2025-05-17 | Parrish Dean | Option exercise | 1.9K | — |
| 2025-05-17 | Parrish Dean | Tax withheld | 551 | $10.25 |
| 2025-05-17 | Brown Brandon Louis Sr. | Option exercise | 1.8K | — |
| 2025-04-05 | Brown Brandon Louis Sr. | Tax withheld | 164 | $9.63 |
| 2025-04-05 | Pranin Grayson R | Option exercise | 2.4K | — |
| 2025-04-05 | Pranin Grayson R | Tax withheld | 687 | $9.63 |
| 2025-04-05 | Parrish Dean | Option exercise | 1.6K | — |
| 2025-04-05 | Parrish Dean | Tax withheld | 457 | $9.63 |
| 2025-04-05 | Brown Brandon Louis Sr. | Option exercise | 673 | — |
| 2025-03-15 | Parrish Dean | Option exercise | 1.6K | — |
| 2025-03-15 | Brown Brandon Louis Sr. | Tax withheld | 220 | $11.42 |
| 2025-03-15 | Brown Brandon Louis Sr. | Option exercise | 740 | — |
| 2025-03-15 | Pranin Grayson R | Option exercise | 2.7K | — |
| 2025-03-15 | Pranin Grayson R | Tax withheld | 897 | $11.42 |
| 2025-03-15 | Parrish Dean | Tax withheld | 544 | $11.42 |
| 2025-03-14 | FRATES JONATHAN | Tax withheld | 18K | $11.34 |
| 2025-03-13 | Brown Brandon Louis Sr. | Option exercise | 1.0K | — |
| 2025-03-13 | Brown Brandon Louis Sr. | Tax withheld | 297 | $11.22 |
| 2025-03-13 | Parrish Dean | Tax withheld | 345 | $11.22 |
| 2025-03-13 | Parrish Dean | Option exercise | 1.0K | — |
| 2025-03-12 | Brown Brandon Louis Sr. | Tax withheld | 784 | $11.60 |
| 2025-03-12 | Pranin Grayson R | Tax withheld | 1.6K | $11.60 |
| 2025-03-12 | Pranin Grayson R | Grant | 4.7K | — |
| 2025-03-12 | Parrish Dean | Tax withheld | 976 | $11.60 |
| 2025-03-12 | Parrish Dean | Grant | 2.8K | — |
| 2025-03-12 | Brown Brandon Louis Sr. | Grant | 2.6K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-16 | Material agreement3.03Exec/director changeShareholder voteExhibits | filing ↗ |
| 2026-05-06 | ResultsOtherExhibits | filing ↗ |
| 2026-04-21 | Exec/director change | filing ↗ |
| 2026-03-05 | ResultsOtherExhibits | filing ↗ |
| 2025-11-05 | ResultsOtherExhibits | filing ↗ |
| 2025-09-08 | Reg FDOtherExhibits | filing ↗ |
| 2025-08-06 | ResultsOtherExhibits | filing ↗ |
| 2025-07-22 | Exec/director changeReg FDOtherExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-16 | 2026-06-10 | 0001213900-26-068945 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0001628280-26-032222 ↗ |
| 8-K | 2026-05-06 | 2026-05-05 | 0001628280-26-031401 ↗ |
| 8-K | 2026-04-21 | 2026-04-18 | 0001213900-26-046155 ↗ |
| 10-K | 2026-03-05 | 2025-12-31 | 0001628280-26-015318 ↗ |
| 8-K | 2026-03-05 | 2026-03-03 | 0001628280-26-014848 ↗ |
| 10-Q | 2025-11-06 | 2025-09-30 | 0001628280-25-050313 ↗ |
| 8-K | 2025-11-05 | 2025-11-04 | 0001628280-25-049682 ↗ |
| 8-K | 2025-09-08 | 2025-09-08 | 0001213900-25-085583 ↗ |
| 10-Q | 2025-08-07 | 2025-06-30 | 0001628280-25-038954 ↗ |
| 8-K | 2025-08-06 | 2025-08-05 | 0001628280-25-038427 ↗ |
| 8-K | 2025-07-22 | 2025-07-18 | 0001213900-25-066729 ↗ |