SandRidge Energy, Inc. (NYSE:SD) Q4 2023 Earnings Conference Call March 7, 2024 11:00 AM ET Company Participants Scott Prestridge - SVP, Finance and Strategy Grayson Pranin - President, CEO & COO Brandon Brown - CFO & SVP Conference Call Participants Josh Young - Bison Interests David Cardell - BluePond Capital Operator Ladies and gentlemen, thank you for standing by. My name is Desiree, and I will be your conference operator today. At this time, I would like to welcome everyone to the SandRidge fourth-quar ...

Exhibit 99.1 SANDRIDGE ENERGY, INC. ANNOUNCES FINANCIAL AND OPERATING RESULTS FOR THE QUARTER AND YEAR ENDED DECEMBER 31, 2023, $0.11 PER SHARE CASH DIVIDEND, AND 2024 GUIDANCE Oklahoma City, Oklahoma, March 6, 2024 /PRNewswire/ – SandRidge Energy, Inc. (the "Company" or "SandRidge") (NYSE:SD) today announced financial and operational results for the quarter and fiscal year ended December 31, 2023. Recent Highlights Financial Results & Update Profitability & Realized Pricing For the full year 2023, the Comp ...

SandRidge Energy, Inc. (NYSE:SD) Q3 2023 Earnings Conference Call November 7, 2023 2:00 PM ET Company Participants Scott Prestridge - Vice President-Finance & Treasury Grayson Pranin - Chief Executive Officer Brandon Brown - CFO Dean Parrish - SVP of Operations Operator Good day. My name is Karen, and I will be your conference operator today. At this time, I'd like to welcome everyone to the Q3 2023 SandRidge Energy Conference Call. [Operator Instructions] I'd now like to turn the call over to Scott Prestr ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-33784 SANDRIDGE ENERGY, INC. (Exact name of registrant as specified in its charter) (State or other juris ...

Financial Data and Key Metrics Changes - The company reported adjusted EBITDA of approximately $20 million for the quarter, with a net income of $16.6 million or $0.45 per basic share [12][39] - Net cash, including restricted cash, was approximately $224 million, representing about $6 per share of common stock as of June 30, 2023 [6][30] - The company generated approximately $40 million in free cash flow during the first six months of 2023, with a conversion rate of approximately 77% relative to adjusted EBITDA [39] Business Line Data and Key Metrics Changes - Production from Mid-Con assets averaged 17.5 MBoe per day, a 6% increase from the previous quarter and nearly a 40% increase in oil volumes compared to Q2 2022 [8][37] - Adjusted G&A for the quarter was approximately $1.9 million or $1.21 per Boe, reflecting cost discipline despite inflationary pressures [7][52] - Lease Operating Expenses (LOE) and expense workovers for the quarter were approximately $8.8 million or $5.53 per Boe, a nearly 25% reduction from the prior quarter [7][29] Market Data and Key Metrics Changes - Commodity price realizations were $70.99 per barrel of oil, $2 per Mcf of gas, and $20.19 per barrel of NGLs for the first half of the year [38] - The company anticipates that a majority of its natural gas stream could remain in ethane rejection for the remainder of the year, impacting NGL volumes [16] Company Strategy and Development Direction - The company aims to maximize cash value and generation capacity of its Mid-Con PDP assets while maintaining optionality for value-accretive M&A opportunities [21][22] - The strategy includes a focus on high-return projects, capital discipline, and a commitment to ESG responsibilities [20][45] - The company has initiated a return of capital program, including a $2 per share one-time dividend and a regular cash dividend of $0.10 per share [48] Management Comments on Operating Environment and Future Outlook - Management noted that the recent commodity price environment could present cost-effective acquisition opportunities [51] - The company plans to monitor commodity price dynamics and maintain flexibility to adjust operations as needed [26] - The producing Mid-Con assets are expected to continue generating meaningful cash flow in the near term, with projected improvements in natural gas prices by year-end [27] Other Important Information - The company has no term debt or revolving debt obligations as of June 30, 2023, and continues to fund all capital expenditures with cash flow from operations [6][19] - The company maintains a substantial NOL position estimated at approximately $1.6 billion, shielding cash flows from federal income taxes [14][44] Q&A Session Summary - There were no questions during the Q&A session, and the call concluded without further inquiries [56]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-33784 SANDRIDGE ENERGY, INC. (Exact name of registrant as specified in its charter) Delaware 20-8084793 Regist ...

SandRidge Energy, Inc. (NYSE:SD) Q1 2023 Earnings Conference Call May 5, 2023 11:00 AM ET Company Participants Scott Prestridge – Vice President, Finance and Treasury Grayson Pranin – Chief Executive Officer and Chief Operating Officer Salah Gamoudi – Chief Financial Officer and Chief Accounting Officers Conference Call Participants Operator Good morning, and welcome to SandRidge Energy's Q1 2023 Earnings Conference Call. All participants are in a listen-only mode. After the speakers' presentation, we will ...

Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-33784 SANDRIDGE ENERGY, INC. (Exact name of registrant as specified in its charter) (State or other jurisdict ...

Financial Data and Key Metrics Changes - The company reported a net income of $105.2 million or $2.86 per share for the quarter, with cash provided by operating activities amounting to $30.1 million [8] - Net cash, including restricted cash, increased to approximately $257 million, representing nearly $7 per share of common stock as of December 31, 2022 [12] - Adjusted EBITDA for the quarter was approximately $43 million and approximately $191 million for the year [13] - The company maintained adjusted G&A at approximately $2 million for the quarter and approximately $8 million or $1.22 per Boe for the year, below the low point of guidance [7][47] Business Line Data and Key Metrics Changes - Production averaged 17.7 MBoe per day in 2022, driven by a stable, low-decline production base and drilling completion programs [5] - The company successfully drilled 8 wells and is now producing 6 wells from last year's capital program, targeting the Meramec in the Northwest STACK [48] - Oil volumes increased by more than 25% from the first to the second half of the year, aided by the oilier content of new Northwest STACK wells [44] Market Data and Key Metrics Changes - Commodity price realizations in Q4 were $79.10 per barrel for oil and $4.40 per Mcf for natural gas, with NGL realizations at $25.73 per barrel [6] - The company has commodity derivative contracts with an average strike price of $8.39 per MMBtu, with a mark-to-market asset value of $4.4 million as of December 31, 2022 [20] Company Strategy and Development Direction - The company aims to maximize cash value and generation capacity of its Mid-Con PDP assets through high rate of return workovers and well reactivations [21] - The strategy includes converting as much EBITDA to free cash flow as possible while investing in high-risk adjusted return projects [22] - The company is focused on maintaining optionality for value-accretive M&A opportunities that could leverage its core competencies and utilize its $1.6 billion in net operating losses [46] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to generate strong free cash flow and maintain a robust balance sheet despite inflationary pressures [28][35] - The company will continue to monitor commodity prices and adjust its development decisions accordingly [29][50] - Management highlighted the importance of cost discipline and operational efficiency in navigating the current market environment [35][47] Other Important Information - The company has no term debt or revolving debt obligations as of December 31, 2022, and funds all capital expenditures with free cash flow [12] - The expected asset-level decline for producing assets is approximately 8% over the next 10 years [10] - The company has a significant federal NOL position estimated at $1.6 billion, shielding future cash flows from federal income tax [14] Q&A Session Summary - The call concluded without any recorded questions or answers, indicating a wrap-up of the conference call [40]

OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K For the transition period from to Commission File Number: 001-33784 SANDRIDGE ENERGY, INC. (Exact name of registrant as specified in its charter) Delaware 20-8084793 (State or other jurisdiction ...