SandRidge Energy Inc 2025年季度报告

divestitures and the potential effects on our financial condition and other statements concerning our operations, financial performance andfinancial condition. Forward-looking statements are generally accompanied by words such as “estimate,” “assume,” “target,” “project,” “predict,” “believe,” future events or outcomes. These forward-looking statements are based on certain assumptions and analyses based on our experience andperception of historical trends, current conditions and expected future developments as well as other factors we believe are appropriate under the circumstances. Such statements are not guarantees of future performance and actual results or developments may differ materially fromthose projected. The Company disclaims any obligation to update or revise these forward-looking statements unless required by law, and itcautions readers not to rely on them unduly. While we consider these expectations and assumptions to be reasonable, they are inherently subjectto significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties relating to, among other matters, therisks and uncertainties discussed in “Risk Factors” in Item 1A of the Company’s Annual Report on Form 10-K for the fiscal year endedDecember31, 2024 (the “2024 Form10-K”) filed with the Securities and Exchange Commission on March 11, 2025 and in Item 1A of thisQuarterly Report. Management’s Discussion and Analysis of Financial Condition and Results of OperationsQuantitative and Qualitative Disclosures About Market Risk Controls and ProceduresPARTII. OTHER INFORMATIONLegal ProceedingsRisk FactorsUnregistered Sales of Equity Securities and Use of ProceedsDefaults Upon Senior SecuritiesMine Safety DisclosuresOther Information Three Months Ended March 31,2025CASH FLOWS FROM OPERATING ACTIVITIESNet income$13,049$Adjustments to reconcile net income to net cash provided by operating activitiesDepreciation, depletion, and amortization10,019(Gain) loss on derivative contracts2,487Settlement gains (losses) on derivative contracts(159)Stock-based compensation650Other300 Dividends paid to shareholdersReduction of financing lease liability Tax withholdings paid in exchange for shares withheld on employee vested stock awardsNet cash used in financing activities NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS and RESTRICTED CASH Supplemental Disclosure of Cash Flow InformationCash paid for interest, net of amounts capitalized Supplemental Disclosure of Noncash Investing and Financing ActivitiesCapital expenditures for property, plant and equipment in accounts payables and accrued expenses$4,092$Right-of-use assets obtained in exchange for financing lease obligations$229$ Asset retirement obligation removed due to divestiture$(288)$Accrued excise tax on repurchases of common stock$47$ The accompanying notes are an integral part of these condensed consolidated financial statements.7 1.Basis of Presentation Nature of Business.SandRidge Energy, Inc. is an oil and natural gas acquisition, development and production company headquartered inOklahoma City, Oklahoma and organized in 2006 with a principal focus on developing and producing hydrocarbon resources in the United Principles of Consolidation.The condensed consolidated financial statements include the accounts of the Company and its wholly ownedor majority-owned subsidiaries, including its proportionate share of the Royalty Trust. All intercompany accounts and transactions have been conjunction with the audited financial statements and notes contained in the Company’s 2024 Form 10-K. Certain information and disclosuresnormally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America(“GAAP”) have been condensed or omitted, although the Company believes that the disclosures contained herein are adequate to make theinformation presented not misleading. In the opinion of management, the financial statements include all adjustments, which consist of normalrecurring adjustments unless otherwise disclosed, necessary to fairly state the Company’s unaudited condensed consolidated financial accounting policies stated in the Company’s 2024 Form 10-K, as well as the items noted below.Cash and Cash Equivalents.The Company considers all highly-liquid instruments with an original maturity of three months or less to becash equivalents as these instruments are readily convertible to known amounts of cash and bear insignificant risk of changes in value due totheir short maturity period. Additionally, the Company considers demand deposits or accounts that have the general characteristics of demanddeposits where we may deposit additional funds at any time and also effectively withdraw funds at any time without prior notice or penalty to impairment tests of long-lived assets; the carrying value of unproved oil and natural gas properties; depreciation, depletion and amortization;asset re