SandRidge Energy: Q4 2024 Financial Results and Dividends
OKLAHOMA CITY, March 10, 2025 – SandRidge Energy, Inc. (the “Company” or “SandRidge”) recently reported its financial and operational results for the quarter and fiscal year ended December 31, 2024. Here are some key highlights:
Dividends
On March 7, 2025, the Board of Directors declared a cash dividend of $0.11 per share of the Company’s common stock. This dividend is payable on March 31, 2025, to shareholders of record on March 20, 2025. In 2024, SandRidge paid out a total of $16.4 million in regular quarterly dividends, in addition to a one-time special dividend of $55.9 million.
Financial Performance
As of December 31, 2024, SandRidge had $99.5 million of cash and cash equivalents, including restricted cash. Production averaged 19.1 MBoe per day during the fourth quarter, representing an increase of 19% on a Boe basis compared to the same period in 2023.
Impact on Individual Investors
For individual investors holding SandRidge Energy stock, the declaration of a cash dividend of $0.11 per share is a positive sign. This dividend, combined with the one-time special dividend paid in 2024, demonstrates the Company’s commitment to returning value to its shareholders. The consistent quarterly dividends also provide a stable source of income for investors.
Impact on the World
From a broader perspective, SandRidge Energy’s financial results and dividend declarations contribute to the overall stability and growth of the energy sector. The Company’s strong financial position and commitment to returning value to shareholders can help attract new investors and maintain the confidence of existing ones. Furthermore, the energy sector plays a crucial role in powering the global economy, making the stability and success of companies like SandRidge essential for economic growth.
Conclusion
SandRidge Energy’s Q4 2024 financial results and dividend declarations are a testament to the Company’s financial strength and commitment to its shareholders. The cash dividend of $0.11 per share, along with the one-time special dividend paid in 2024, provide a stable source of income for individual investors. From a global perspective, SandRidge Energy’s success contributes to the stability and growth of the energy sector and the broader economy.
- SandRidge Energy declares a cash dividend of $0.11 per share, payable on March 31, 2025
- In 2024, the Company paid $16.4 million in regular quarterly dividends and a one-time special dividend of $55.9 million
- As of December 31, 2024, SandRidge had $99.5 million of cash and cash equivalents
- Production averaged 19.1 MBoe per day during Q4 2024, a 19% increase on a Boe basis compared to Q4 2023
- Individual investors benefit from a stable source of income and the Company’s commitment to returning value
- The energy sector and global economy benefit from SandRidge Energy’s financial strength and success
