Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 OR o 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 (Stat ...

Financial Data and Key Metrics Changes - The company reported a net loss of $5 million in Q1 2019, a significant improvement compared to a net loss of $41 million in Q1 2018 [16] - Adjusted EBITDA remained flat at $41 million for both Q1 2019 and Q1 2018, despite a 12% decrease in average oil prices and a 36% decrease in natural gas liquid prices [16][17] - Controllable costs saw a decrease, with LOE down 3% year-over-year and G&A reduced by $4 million or 27% [18] Business Line Data and Key Metrics Changes - Total company production for the quarter was 3.2 million barrels of oil equivalent, with a composition of 27% oil, 28% NGLs, and 45% natural gas [22] - Capital expenditures for the quarter were $71 million, with $54 million allocated to drilling and completion costs [23] - The North Park gross average production was 3,600 barrels of oil per day, with a current daily spot oil rate of approximately 7,000 barrels [34] Market Data and Key Metrics Changes - The company experienced a 15% reduction in the blended price of commodities, yet managed to hold adjusted EBITDA steady [17] - The Mississippian assets contributed 2.7 million barrels of oil equivalent, with a 5% increase over Q4 2018 [36] Company Strategy and Development Direction - The company is focused on reducing cash costs and limiting capital spending to stay within annual cash flow [10] - A new business strategy emphasizes sustainable long-term success and competitive debt-adjusted per share returns [8] - The company is exploring opportunities for consolidation in the industry, anticipating increased A&D activity as companies rationalize their portfolios [42] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the early progress of their business strategy and the results from drilling programs in North Park and the Midcontinent areas [9][11] - The company plans to exit 2019 undrawn on its credit facility and debt-free, demonstrating a commitment to operating within cash flow [19] - Management noted that current market conditions are volatile, with majors competing for assets, which may lead to more opportunities for consolidation [42] Other Important Information - The company is currently undergoing a spring borrowing base redetermination with its bank group, with plans to amend the existing facility to extend the maturity date [20] - The company has completed the Surprise central tank battery and plans to construct additional facilities to handle future production [35] Q&A Session Summary Question: Is North Park production at its highest level? - Yes, it is correct [45] Question: What has been done to reduce costs per foot and what more is possible? - Improvements in bit selection and mud program have contributed to cost reductions, with potential to drill wells down to about $92 per foot [46][47] Question: What is the strategic perspective for M&A? - The company is looking for opportunities to acquire PDP production that comes with undeveloped opportunities presenting superior economic returns [50] Question: Are there specific regions of focus for acquisitions? - The company is focused on the United States and is opportunistic about potential acquisitions, with interest in various basins including the Permian and Bakken [51][52]

SandRidge Energy, Inc. (NYSE:SD) Q4 2018 Earnings Conference Call March 5, 2019 9:00 AM ET Company Participants Johna Robinson - IR Paul McKinney - President & CEO Mike Johnson - CFO John Suter - COO Conference Call Participants David Beard - Coker Palmer Operator Good morning. My name is Mariama and I will be your conference operator today. At this time, I would like to welcome everyone to the SandRidge Energy Fourth Quarter 2018 Earnings call. All lines have been placed on mute to prevent any background n ...

Fourth Quarter 2018 Earnings Presentation March 5, 2019 Cautionary Statements Forward Looking Statement This presentation includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are neither historical facts nor assurances of future performance and reflect SandRidge's current beliefs and expectations regarding future events and operating performance. ...

(Mark One) þ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K For the fiscal year ended December 31, 2018 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 (State or other jurisdiction ...