SD - SandRidge Energy Non-GAAP EPS of $0.69
2023-05-04 17:37:16 ET
- SandRidge Energy press release ( NYSE: SD ): Q1 Non-GAAP EPS of $0.69.
- Adjusted EBITDA of $31.2 million in the first quarter
- Approximately $30.4 million of free cash flow in the first quarter, which represents a conversion rate of approximately 98% relative to adjusted EBITDA
- As of March 31, 2023, the Company returned 182 wells to production since the beginning of 2021, helping to flatten expected annual PDP decline to an average of ~8% over the next ten years
- Approximately $2.5 million in interest income during the first quarter
- Realized commodity derivative settlement gains of approximately $5.9 million in the first quarter
- First quarter G&A was $2.9 million, or $1.94 per Boe and adjusted G&A was approximately $2.5 million, or $1.68 per Boe
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SandRidge Energy Non-GAAP EPS of $0.69