SandRidge Energy Declares $0.12 Quarterly Dividend, Offers Reinvestment Option
SandRidge Energy, Inc., an oil and gas exploration company, declared a quarterly dividend of $0.12 per share payable March 31. Shareholders can elect cash or additional shares through the company's dividend reinvestment plan.
SandRidge Energy, Inc. (NYSE: SD), an Oklahoma City-based oil and gas exploration and production company, declared a quarterly dividend of $0.12 per share on March 3, 2026. The dividend maintains the same level as the previous quarter and will be paid on March 31, 2026 to shareholders of record as of March 20, 2026. Read more dividend announcements.
Shareholders can elect to receive the payment in cash or additional shares of common stock by enrolling in the company's Dividend Reinvestment Plan. The plan allows investors to automatically reinvest dividends to acquire more shares without brokerage commissions.
| Dividend Details | Information |
|---|---|
| Amount | $0.12 per share |
| Record Date | March 20, 2026 |
| Payment Date | March 31, 2026 |
| Payment Options | Cash or additional shares via DRIP |
2025 Capital Returns
During 2025, SandRidge paid $15.9 million in regular quarterly cash dividends, or $0.46 per share, and issued 0.1 million shares under the dividend reinvestment program. The company also repurchased 0.6 million shares for $6.4 million at a weighted average price of $10.72 per share under its share buyback program.
As of December 31, 2025, SandRidge held $112.3 million in cash and cash equivalents, including restricted cash, with no outstanding term or revolving debt obligations. The company retains $68.3 million remaining under its $75.0 million share repurchase authorization.
Operational Performance
Production averaged 18.5 thousand barrels of oil equivalent per day during 2025, a 12% increase on a Boe basis and 32% increase in oil production compared to 2024. The growth came from the Cherokee acquisition and the company's operated development program.
SandRidge completed six new wells during the year as part of its one-rig Cherokee development program, with an average per well peak 30-day initial production rate of approximately 2,000 gross Boe per day. The company generated adjusted EBITDA of $101.1 million in 2025 and net income of $21.6 million, or $0.59 per basic share, during the fourth quarter.
Shareholders interested in the Dividend Reinvestment Plan can contact their broker or Equiniti Trust Company, the plan administrator, at (800) 278-4353.