SD - SandRidge Energy: Oil Production Decline Needs To Be Monitored

2024-06-17 21:23:10 ET

Summary

• SandRidge reported $15 million in free cash flow in Q1 2024 despite some impact from cold weather.
• It is now projected to generate $66 million in free cash flow during 2024.
• SandRidge's oil production has gone down around 28% from Q2 2023 to Q1 2024.
• SandRidge's oil production may be declining a bit faster than my previous projections.
• This is something to monitor, although it is still quite likely that SandRidge's oil production will fall within its wide guidance range.

SandRidge Energy ( SD ) reported $15 million in 2024 free cash flow, despite some impact on both production and costs from cold weather. I now project it to generate $66 million in free cash flow over the full year....

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