SandRidge Energy Inc 2025年季度报告

Table of Contents References in this report to the “Company,” “SandRidge,” “we,” “our,” and “us” mean SandRidge Energy, Inc., including its consolidatedsubsidiaries and its proportionately consolidated share of SandRidge Mississippian Trust I (“Royalty Trust”). All monetary values are stated in DISCLOSURES REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form10-Q (“Quarterly Report”) of the Company includes “forward-looking statements” as defined by the SEC.These forward-looking statements may include projections and estimates concerning our capital expenditures, liquidity, capital resources anddebt profile, the timing and success of specific projects, the potential impact of international negotiations on the supply and demand of oil,natural gas and natural gas liquids (“NGL”), outcomes and effects of litigation, claims and disputes, elements of our business strategy, Forward-looking statements are generally accompanied by words such as “estimate,” “assume,” “target,” “project,” “predict,” “believe,”“expect,” “anticipate,” “potential,” “could,” “may,” “foresee,” “plan,” “goal,” “should,” “intend” or other words that convey the uncertainty offuture 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 underthe 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 it SANDRIDGE ENERGY, INC. AND SUBSIDIARIESFORM10-QQuarter Ended March31, 2025 ITEM1.Financial Statements (Unaudited):Condensed Consolidated Balance Sheets Condensed Consolidated Income Statements Condensed Consolidated Statements of Changes in Stockholders’ Equity Condensed Consolidated Statements of Cash FlowsNotes to Condensed Consolidated Financial StatementsITEM2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsITEM3.Quantitative and Qualitative Disclosures About Market RiskITEM4.Controls and Procedures PARTII. OTHER INFORMATION ITEM1.Legal ProceedingsITEM1A.Risk FactorsITEM2.Unregistered Sales of Equity Securities and Use of ProceedsITEM 3.Defaults Upon Senior SecuritiesITEM 4.Mine Safety DisclosuresITEM 5.Other InformationITEM6.ExhibitsSignature SANDRIDGE ENERGY, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED INCOME STATEMENTS (Unaudited)(In thousands, except per share data) Table of Contents SANDRIDGE ENERGY, INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 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 Interim Financial Statements.The accompanying unaudited condensed consolidated financial statements and notes should be read inconjunction 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 the Significant Accounting Policies.The unaudited condensed consolidated financial statements were prepared in accordance with theaccounting 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 Restricted Cash. The Company maintains funds related to collateralized letters of credit and secured credit cards.As of March 31, 2025 and Use of Estimates.The preparation of the unaudited condensed consolidated financial statements in conformity with GAAP requiresmanagement to make estimates and assumptions that affect the reported amounts