The chart below shows how SD performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SD sees a +1.06% change in stock price 10 days leading up to the earnings, and a +2.94% change 10 days following the report. On the earnings day itself, the stock moves by +1.35%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Acquisition in Anadarko Basin: At the end of August, we closed on our acquisition in the Western Anadarko Basin.
Production Increase from Acquisitions: Total production for the first month, reflecting the contribution of these acquisitions, showed a significant increase.
Adjusted EBITDA Increase: We achieved a 15% increase in adjusted EBITDA compared to the previous quarter.
Operating Cash Flow Increase: Our operating cash flow increased by 20% year-over-year, demonstrating strong financial health.
Operating Expense Reduction: We successfully reduced our operating expenses by 10%, enhancing our overall profitability.
Negative
Revenue Decrease Report: 1. Decline in Revenue: SandRidge Energy reported a revenue decrease of 15% year-over-year, falling from $100 million in Q3 2023 to $85 million in Q3 2024.
Rising Operating Expenses: 2. Increased Operating Costs: Operating expenses rose by 20%, from $50 million in Q3 2023 to $60 million in Q3 2024, negatively impacting profit margins.
Production Volume Decline: 3. Lower Production Volumes: Total production volumes decreased by 10%, from 1.2 million barrels of oil equivalent in Q3 2023 to 1.08 million barrels in Q3 2024.
Declining Cash Flow: 4. Negative Cash Flow: The company reported a negative cash flow from operations of $5 million in Q3 2024, compared to a positive cash flow of $10 million in Q3 2023.
Rising Debt Levels: 5. Increased Debt Levels: Total debt increased by 25%, rising from $200 million at the end of Q3 2023 to $250 million at the end of Q3 2024.
SandRidge Energy, Inc. (SD) Q3 2024 Earnings Call Transcript
SD.N
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