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

Simply Wall St

August 09, 2024

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).

earnings-and-revenue-history — NYSE:SD Earnings and Revenue History August 9th 2024

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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.