SandRidge Energy Second Quarter 2024 Earnings: EPS: US$0.24 (vs US$0.45 in 2Q 2023)

SandRidge Energy (NYSE:SD) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$26.0m (down 22% from 2Q 2023).
• Net income: US$8.79m (down 47% from 2Q 2023).
• Profit margin: 34% (down from 50% in 2Q 2023). The decrease in margin was primarily driven by lower revenue.
• EPS: US$0.24 (down from US$0.45 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

SandRidge Energy Earnings Insights

Looking ahead, revenue is expected to decline by 3.3% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 1.8%.

Performance of the American Oil and Gas industry.

The company's shares are down 3.0% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for SandRidge Energy that you should be aware of.

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